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
Highland Park
Highland
Park
+ 5.6% + 50.0% + 3.9%
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 + / –
89 95 + 6.7% 846 904 + 6.9%
55 65 + 18.2% 426 418 - 1.9%
28 39 + 39.3% 400 408 + 2.0%
$531,750 $392,500 - 26.2% $540,000 $537,250 - 0.5%
$547,348 $460,155 - 15.9% $606,216 $624,047 + 2.9%
90.8% 88.8% - 2.2% 91.2% 90.7% - 0.5%
122 169 + 38.5% 118 131 + 11.0%
260 260 0.0% -- -- --
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 + / –
18 18 0.0% 164 214 + 30.5%
5 9 + 80.0% 104 104 0.0%
4 9 + 125.0% 113 99 - 12.4%
$357,200 $200,000 - 44.0% $279,000 $275,000 - 1.4%
$328,100 $336,700 + 2.6% $349,218 $331,830 - 5.0%
92.6% 84.6% - 8.6% 91.1% 91.9% + 0.9%
133 152 + 14.3% 92 106 + 15.2%
51 63 + 23.5% -- -- --
* 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
Highland Park
b
Attached Single-Family
Attached Single-Family