Market Stats Booklet December 2016 Market Stats | Page 13

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
Skokie
Skokie
+ 8.3% + 18.6% - 20.2%
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 + / –
45 53 + 17.8% 822 875 + 6.4%
39 35 - 10.3% 496 522 + 5.2%
29 31 + 6.9% 503 511 + 1.6%
$280,000 $310,000 + 10.7% $280,000 $315,000 + 12.5%
$317,012 $345,564 + 9.0% $304,659 $341,694 + 12.2%
93.3% 94.1% + 0.9% 94.5% 95.3% + 0.8%
78 120 + 53.8% 83 79 - 4.8%
163 125 - 23.3% -- -- --
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 + / –
27 25 - 7.4% 461 455 - 1.3%
14 21 + 50.0% 279 269 - 3.6%
14 20 + 42.9% 289 259 - 10.4%
$128,500 $163,750 + 27.4% $147,000 $179,000 + 21.8%
$161,971 $176,845 + 9.2% $170,334 $197,654 + 16.0%
92.2% 93.5% + 1.4% 92.6% 94.2% + 1.7%
90 94 + 4.4% 75 93 + 24.0%
100 85 - 15.0% -- -- --
* 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
Single-Family
Detached
All MLS
Skokie
b
Single-Family
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15% + 30%
+ 10%
All MLS
Skokie
b
a
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 20% - 30%
- 25%
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.