Market Stats Booklet February 2017 Market Stats | Page 12

Local Market Update – January 2017
LOCAL MARKET UPDATE
January 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of February 14, 2017
CBHomes.com
Skokie
Skokie
- 13.3% - 6.1% - 13.7%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
January
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
1-2016 1-2017 + / – 1-2016 1-2017 + / –
65 49 - 24.6% 846 854 + 0.9%
30 27 - 10.0% 510 504 - 1.2%
34 30 - 11.8% 501 522 + 4.2%
$321,000 $296,500 - 7.6% $285,000 $315,000 + 10.5%
$355,626 $340,463 - 4.3% $310,937 $344,295 + 10.7%
93.0% 93.7% + 0.8% 94.6% 95.3% + 0.7%
99 82 - 17.2% 81 80 - 1.2%
135 102 - 24.4% -- -- --
January
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
1-2016 1-2017 + / – 1-2016 1-2017 + / –
33 36 + 9.1% 449 466 + 3.8%
15 16 + 6.7% 282 263 - 6.7%
15 16 + 6.7% 279 265 - 5.0%
$205,000 $150,000 - 26.8% $149,900 $179,000 + 19.4%
$186,238 $171,025 - 8.2% $171,736 $197,741 + 15.1%
93.0% 93.4% + 0.4% 92.6% 94.2% + 1.7%
106 83 - 21.7% 73 92 + 26.0%
77 81 + 5.2% -- -- --
* 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
Skokie
b
Single-Family
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15% + 30%
+ 10%
All MLS
Skokie
b
a
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 20% - 30%
- 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. Powered by ShowingTime 10K.