Market Stats Booklet February 2017 Market Stats | Page 6

+ 23.2 % - 6.3 %
+ 1.1 %
CBHomes . com
LOCAL MARKET UPDATE January 2017

Highland Park

Highland Park

+ 23.2 % - 6.3 %

Change in New Listings All Properties
Change in Closed Sales All Properties

+ 1.1 %

Change in Inventory of Homes All Properties
Detached Single-Family
1-2016 1-2017 + / – 1-2016 1-2017 + / –
New Listings
58
67
+ 15.5 %
802
874
+ 9.0 %
Under Contract ( includes Contingent and Pending )
27
40
+ 48.1 %
402
404
+ 0.5 %
Closed Sales
26
23
- 11.5 %
398
400
+ 0.5 %
Median Sales Price *
$ 475,000
$ 710,000
+ 49.5 %
$ 540,000
$ 547,250
+ 1.3 %
Average Sales Price *
$ 578,390
$ 709,110
+ 22.6 %
$ 616,740
$ 632,433
+ 2.5 %
Percent of Original List Price Received *
91.3 %
88.6 %
- 3.0 %
91.4 %
90.9 %
- 0.5 %
Average Market Time
138
186
+ 34.8 %
117
126
+ 7.7 %
Inventory of Homes for Sale at Month End
233
216
- 7.3 %
--
--
--
Attached Single-Family
January
January
1-2016 1-2017 + / – 1-2016 1-2017 + / –
New Listings
11
18
+ 63.6 %
167
210
+ 25.7 %
Under Contract ( includes Contingent and Pending )
5
9
+ 80.0 %
116
98
- 15.5 %
Closed Sales
6
7
+ 16.7 %
118
95
- 19.5 %
Median Sales Price *
$ 447,000
$ 319,000
- 28.6 %
$ 274,750
$ 275,000
+ 0.1 %
Average Sales Price *
$ 428,333
$ 332,286
- 22.4 %
$ 353,891
$ 328,198
- 7.3 %
Percent of Original List Price Received *
92.5 %
95.4 %
+ 3.1 %
91.4 %
92.5 %
+ 1.2 %
Average Market Time
64
206
+ 221.9 %
92
101
+ 9.8 %
Inventory of Homes for Sale at Month End
37
57
+ 54.1 %
--
--
--
* 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 )**
Trailing 12 Months
Trailing 12 Months
Detached Single-Family
All MLS
Highland Park
b
a
Attached Single-Family
All MLS
Highland Park
b
a
+ 30 %
+ 80 %
+ 20 %
+ 60 %
+ 10 %
+ 40 %
0 %
+ 20 %
- 10 %
0 %
- 20 %
- 20 %
- 30 %
- 40 %
- 40 %
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 60 %
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 .