Market Stats Booklet August 2017 Market Stats | Page 10

Local Market Update – July 2017
LOCAL MARKET UPDATE
July 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of August 14, 2017
CBHomes.com
Northbrook
- 6.8% - 21.5% + 2.3%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
July
Detached 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
7-2016 7-2017 + / – 7-2016 7-2017 + / –
107 90 - 15.9% 980 1,089 + 11.1%
42 36 - 14.3% 465 481 + 3.4%
57 49 - 14.0% 466 479 + 2.8%
$533,000 $475,000 - 10.9% $538,300 $545,000 + 1.2%
$578,640 $560,687 - 3.1% $608,424 $611,091 + 0.4%
95.0% 93.7% - 1.4% 93.9% 93.3% - 0.6%
69 118 + 71.0% 85 114 + 34.1%
269 267 - 0.7% -- -- --
7-2016 7-2017 + / – 7-2016 7-2017 + / –
41 48 + 17.1% 410 432 + 5.4%
21 31 + 47.6% 271 273 + 0.7%
July
Attached 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
36 24 - 33.3% 285 268 - 6.0%
$294,500 $329,750 + 12.0% $290,000 $296,000 + 2.1%
$287,403 $368,339 + 28.2% $305,991 $317,699 + 3.8%
93.7% 97.2% + 3.7% 94.0% 93.7% - 0.3%
83 43 - 48.2% 83 76 - 8.4%
83 93 + 12.0% -- -- --
* 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
All MLS
Northbrook
b
Attached Single-Family
All MLS
Northbrook
a
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009
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.