Market Stats Booklet December 2017 Market Stats | Page 9

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
Lake Forest
- 15.4% - 46.4% - 13.5%
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 + / –
25 21 - 16.0% 695 640 - 7.9%
15 24 + 60.0% 276 286 + 3.6%
24 13 - 45.8% 265 283 + 6.8%
$760,000 $740,000 - 2.6% $800,000 $839,700 + 5.0%
$948,092 $1,241,215 + 30.9% $1,001,216 $1,043,694 + 4.2%
90.2% 85.9% - 4.8% 89.0% 88.9% - 0.1%
154 214 + 39.0% 165 174 + 5.5%
301 247 - 17.9% -- -- --
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 Receiv ed*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
11-2016 11-2017 + / – 11-2016 11-2017 + / –
1 1 0.0% 86 133 + 54.7%
1 5 + 400.0% 49 72 + 46.9%
4 2 - 50.0% 53 65 + 22.6%
$272,500 $282,500 + 3.7% $360,000 $400,000 + 11.1%
$260,063 $282,500 + 8.6% $482,090 $449,118 - 6.8%
87.5% 91.6% + 4.7% 92.3% 90.1% - 2.4%
81 30 - 63.0% 114 157 + 37.7%
39 47 + 20.5% -- -- --
* 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
All MLS
Lake Forest
b
Attached Single-Family
All MLS
Lake Forest
a
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 50%
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.