Market Stats Booklet December 2016 Market Stats | Page 11

Local Market Update – November 2016
LOCAL MARKET UPDATE
November 2016
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of December 14, 2016
CBHomes.com
Northbrook
Northbrook
- 23.4% + 5.6% + 10.1%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
November
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
11-2015 11-2016 + / – 11-2015 11-2016 + / –
48 38 - 20.8% 843 991 + 17.6%
37 24 - 35.1% 443 443 0.0%
36 32 - 11.1% 455 450 - 1.1%
$521,813 $527,500 + 1.1% $542,500 $540,000 - 0.5%
$550,109 $590,156 + 7.3% $614,846 $597,577 - 2.8%
93.5% 92.4% - 1.2% 93.8% 93.6% - 0.2%
49 131 + 167.3% 89 96 + 7.9%
188 209 + 11.2% -- -- --
November
Attached
Attached 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
11-2015 11-2016 + / – 11-2015 11-2016 + / –
29 21 - 27.6% 412 402 - 2.4%
16 12 - 25.0% 265 274 + 3.4%
18 25 + 38.9% 273 273 0.0%
$288,750 $300,000 + 3.9% $287,500 $300,000 + 4.3%
$343,834 $319,193 - 7.2% $305,939 $309,816 + 1.3%
92.7% 92.6% - 0.1% 93.7% 93.6% - 0.1%
59 76 + 28.8% 71 89 + 25.4%
80 86 + 7.5% -- -- --
* 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
Single-Family
Detached
All MLS
Northbrook
b
Single-Family
Attached Single-Family
a
All MLS
Northbrook
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
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
** 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. Powered by ShowingTime 10K.