Market Stats Booklet December 2017 Market Stats | Page 10

Local Market Update – November 2017
LOCAL MARKET UPDATE
November 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of December 14, 2017
CBHomes.com
Northbrook
- 8.5% + 7.0% - 19.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
November
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
11-2016 11-2017 + / – 11-2016 11-2017 + / –
38 33 - 13.2% 994 1,066 + 7.2%
25 25 0.0% 439 505 + 15.0%
32 40 + 25.0% 452 496 + 9.7%
$527,500 $488,000 - 7.5% $540,000 $540,000 0.0%
$590,156 $590,391 + 0.0% $597,388 $616,618 + 3.2%
92.4% 89.8% - 2.8% 93.6% 93.2% - 0.4%
106 155 + 46.2% 94 113 + 20.2%
218 173 - 20.6% -- -- --
November
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
11-2016 11-2017 + / – 11-2016 11-2017 + / –
21 21 0.0% 402 471 + 17.2%
10 16 + 60.0% 271 296 + 9.2%
+ 4.0%
25 21 - 16.0% 273 284 $300,000 $290,000 - 3.3% $300,000 $291,250 - 2.9%
$319,193 $297,805 - 6.7% $309,816 $319,449 + 3.1%
92.6% 92.6% 0.0% 93.6% 94.1% + 0.5%
76 78 + 2.6% 89 72 - 19.1%
89 75 - 15.7% -- -- --
* 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
Northbrook
b
Attached Single-Family
All MLS
Northbrook
a
b
a
+ 50%
+ 40%
+ 40%
+ 30%
+ 30%
+ 20%
+ 20%
+ 10% + 10%
0% 0%
- 10%
- 10%
- 20%
- 20%
- 30%
1-2009
- 30%
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 40%
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.