Market Stats Booklet December 2016 Market Stats | Page 7
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
Highland
Park
Highland Park
+ 40.8% - 7.4% + 14.0%
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 + / –
39 53 + 35.9% 792 867 + 9.5%
29 20 - 31.0% 406 401 - 1.2%
22 22 0.0% 389 404 + 3.9%
$543,000 $481,000 - 11.4% $540,000 $538,750 - 0.2%
$721,809 $668,738 - 7.4% $613,613 $626,429 + 2.1%
87.8% 86.4% - 1.6% 91.1% 91.1% 0.0%
252 137 - 45.6% 110 128 + 16.4%
240 261 + 8.7% -- -- --
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 + / –
10 16 + 60.0% 168 203 + 20.8%
6 6 0.0% 116 94 - 19.0%
5 3 - 40.0% 111 93 - 16.2%
$387,050 $636,750 + 64.5% $260,000 $276,500 + 6.3%
$381,390 $668,917 + 75.4% $348,049 $337,433 - 3.1%
88.0% 87.7% - 0.3% 91.5% 92.4% + 1.0%
142 337 + 137.3% 88 94 + 6.8%
45 64 + 42.2% -- -- --
* 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
Highland Park
b
Single-Family
Attached Single-Family
a
All MLS
Highland Park
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 - 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
b
a
** 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.