Market Stats Booklet August 2017 Market Stats | Page 11

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
Northfield
+ 425.0% - 25.0% - 1.7%
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 + / –
2 16 + 700.0% 132 141 + 6.8%
3 9 + 200.0% 70 66 - 5.7%
7 7 0.0% 79 55 - 30.4%
$875,000 $424,900 - 51.4% $662,500 $619,000 - 6.6%
$1,049,286 $491,629 - 53.1% $807,801 $710,351 - 12.1%
93.6% 95.3% + 1.8% 92.3% 92.1% - 0.2%
73 108 + 47.9% 110 140 + 27.3%
46 52 + 13.0% -- -- --
7-2016 7-2017 + / – 7-2016 7-2017 + / –
2 5 + 150.0% 54 46 - 14.8%
4 9 + 125.0% 48 43 - 10.4%
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
5 2 - 60.0% 46 42 - 8.7%
$555,000 $193,250 - 65.2% $277,000 $231,500 - 16.4%
$577,700 $193,250 - 66.5% $332,226 $286,281 - 13.8%
96.0% 103.0% + 7.3% 92.3% 92.8% + 0.5%
178 132 - 25.8% 94 96 + 2.1%
14 7 - 50.0% -- -- --
* 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
Northfield
b
Attached Single-Family
All MLS
Northfield
a
b
a
+ 160%
+ 100%
+ 140%
+ 80%
+ 120%
+ 60%
+ 100%
+ 80%
+ 40%
+ 60%
+ 20%
+ 40%
+ 20%
0%
0%
- 20%
- 20%
- 40%
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.