Market Stats Booklet April2017 Market Stats | Page 3

Local Market Update – March 2017
LOCAL MARKET UPDATE
March 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2017
CBHomes.com
Evanston
Evanston
+ 8.2% - 8.4% - 23.3%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
March
Detached
Detached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2016 3-2017 + / – 3-2016 3-2017 + / –
71 78 + 9.9% 746 735 - 1.5%
46 43 - 6.5% 478 476 - 0.4%
35 33 - 5.7% 491 485 - 1.2%
$340,000 $467,500 + 37.5% $510,000 $525,000 + 2.9%
$476,923 $585,862 + 22.8% $587,555 $606,816 + 3.3%
95.4% 98.0% + 2.7% 95.1% 95.4% + 0.3%
133 92 - 30.8% 80 71 - 11.3%
122 124 + 1.6% -- -- --
March
Attached Single-Family
Single-Family
Attached
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2016 3-2017 + / – 3-2016 3-2017 + / –
88 94 + 6.8% 967 870 - 10.0%
79 91 + 15.2% 674 665 - 1.3%
60 54 - 10.0% 659 656 - 0.5%
$205,500 $225,000 + 9.5% $226,000 $223,250 - 1.2%
$230,812 $260,231 + 12.7% $252,699 $265,858 + 5.2%
92.9% 97.0% + 4.4% 93.2% 94.8% + 1.7%
103 68 - 34.0% 94 76 - 19.1%
183 110 - 39.9% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
Detached Single-Family
All MLS
Evanston
b
Attached Single-Family
Attached Single-Family
All MLS
Evanston
a
b
a
+ 30%
+ 30%
+ 20%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
1-2009
- 30%
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.
This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
All data from Midwest Real Estate Data LLC. Report © 2017 ShowingTime.