Market Stats Booklet December 2016 Market Stats | Page 4

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
Evanston
Evanston
0.0% + 1.4% - 28.5%
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 + / –
32 24 - 25.0% 741 736 - 0.7%
24 20 - 16.7% 503 482 - 4.2%
25 36 + 44.0% 488 494 + 1.2%
$400,000 $486,500 + 21.6% $500,000 $517,750 + 3.6%
$471,971 $615,307 + 30.4% $572,768 $598,617 + 4.5%
91.7% 94.9% + 3.5% 94.4% 95.6% + 1.3%
99 81 - 18.2% 82 75 - 8.5%
127 103 - 18.9% -- -- --
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 + / –
35 43 + 22.9% 976 864 - 11.5%
41 31 - 24.4% 645 652 + 1.1%
45 35 - 22.2% 631 664 + 5.2%
$240,000 $271,000 + 12.9% $230,000 $220,000 - 4.3%
$261,096 $296,786 + 13.7% $257,223 $260,936 + 1.4%
95.9% 95.9% 0.0% 93.2% 94.2% + 1.1%
93 76 - 18.3% 95 84 - 11.6%
203 133 - 34.5% -- -- --
* 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
Evanston
b
Single-Family
Attached Single-Family
a
All MLS
Evanston
b
a
+ 30%
+ 30%
+ 20%
+ 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.