Market Stats Booklet December 2017 Market Stats | Page 11

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
Northfield
- 14.3% + 175.0% - 2.3%
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 + / –
4 5 + 25.0% 128 135 + 5.5%
5 5 0.0% 68 70 + 2.9%
2 9 + 350.0% 63 71 + 12.7%
$861,200 $648,000 - 24.8% $630,000 $630,000 0.0%
$861,200 $748,500 - 13.1% $797,075 $765,182 - 4.0%
93.6% 88.9% - 5.0% 92.4% 91.4% - 1.1%
90 128 + 42.2% 109 136 + 24.8%
33 34 + 3.0% -- -- --
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 + / –
3 1 - 66.7% 56 56 0.0%
5 1 - 80.0% 43 46 + 7.0%
2 2 0.0% 41 47 + 14.6%
$442,500 $164,000 - 62.9% $270,000 $234,000 - 13.3%
$442,500 $164,000 - 62.9% $344,376 $306,349 - 11.0%
89.2% 100.8% + 13.0% 93.7% 93.7% 0.0%
147 10 - 93.2% 95 82 - 13.7%
11 9 - 18.2% -- -- --
* 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
All MLS
Northfield
b
Attached Single-Family
All MLS
Northfield
a
b
a
+ 160%
+ 100%
+ 140%
+ 80%
+ 120%
+ 60%
+ 100%
+ 80%
+ 40%
+ 60%
+ 20%
+ 40%
+ 20%
0%
0%
- 20%
- 20%
- 40%
1-2009
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.