Market Stats Booklet August 2017 Market Stats | Page 9

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
Lake Forest
- 5.9% + 69.0% - 5.7%
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 + / –
55 51 - 7.3% 694 657 - 5.3%
32 29 - 9.4% 256 284 + 10.9%
24 41 + 70.8% 238 291 + 22.3%
$840,000 $900,000 + 7.1% $832,500 $829,650 - 0.3%
$1,109,808 $1,011,153 - 8.9% $1,024,142 $1,024,223 + 0.0%
90.1% 89.0% - 1.2% 89.1% 89.3% + 0.2%
145 196 + 35.2% 171 190 + 11.1%
346 314 - 9.2% -- -- --
7-2016 7-2017 + / – 7-2016 7-2017 + / –
13 13 0.0% 92 114 + 23.9%
7 8 + 14.3% 55 60 + 9.1%
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 8 + 60.0% 60 52 - 13.3 %
$422,500 $372,000 - 12.0% $427,500 $367,000 - 14.2%
$386,080 $366,125 - 5.2% $530,780 $450,950 - 15.0%
93.2% 90.7% - 2.7% 93.3% 89.4% - 4.2%
75 214 + 185.3% 118 184 + 55.9%
37 47 + 27.0% -- -- --
* 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
Lake Forest
b
Attached Single-Family
All MLS
Lake Forest
a
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 50%
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.