Market Stats Booklet December 2017 Market Stats | Page 12

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
Skokie
- 7.7% - 3.8% - 5.7%
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 + / –
54 45 - 16.7% 875 820 - 6.3%
29 34 + 17.2% 515 472 - 8.3%
32 35 + 9.4% 512 478 - 6.6%
$314,000 $328,000 + 4.5% $315,000 $324,950 + 3.2%
$346,953 $390,289 + 12.5% $341,789 $353,466 + 3.4%
94.2% 93.7% - 0.5% 95.3% 95.4% + 0.1%
116 79 - 31.9% 78 70 - 10.3%
132 137 + 3.8% -- -- --
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 + / –
24 27 + 12.5% 454 496 + 9.3%
14 18 + 28.6% 259 296 + 14.3%
20 15 - 25.0% 259 296 + 14.3%
$163,750 $205,000 + 25.2% $179,000 $186,250 + 4.1%
$176,845 $207,787 + 17.5% $197,654 $202,682 + 2.5%
93.5% 94.2% + 0.7% 94.2% 94.4% + 0.2%
94 38 - 59.6% 82 77 - 6.1%
96 78 - 18.8% -- -- --
* 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
Skokie
b
Attached Single-Family
+ 25% + 50%
+ 20% + 40%
+ 15%
All MLS
Skokie
a
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.