Market Stats Booklet February 2018 Market Stats | Page 13

Local Market Update – December 2017
LOCAL MARKET UPDATE
January 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2018
CBHomes.com
Wilmette
- 15.4% - 13.6% - 34.0%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
December
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
12-2016 12-2017 + / – 12-2016 12-2017 + / –
24 17 - 29.2% 735 668 - 9.1%
13 18 + 38.5% 377 375 - 0.5%
17 13 - 23.5% 385 367 - 4.7%
$765,000 $676,000 - 11.6% $740,000 $725,000 - 2.0%
$799,971 $926,423 + 15.8% $858,661 $857,646 - 0.1%
89.3% 90.5% + 1.3% 93.6% 93.2% - 0.4%
117 89 - 23.9% 94 110 + 17.0%
127 90 - 29.1% -- -- --
December
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
12-2016 12-2017 + / – 12-2016 12-2017 + / –
2 5 + 150.0% 153 138 - 9.8%
3 6 + 100.0% 96 113 + 17.7%
5 6 + 20.0% 101 111 + 9.9%
$400,000 $285,000 - 28.8% $292,500 $320,000 + 9.4%
$401,000 $332,500 - 17.1% $338,048 $362,477 + 7.2%
92.3% 94.2% + 2.1% 92.7% 92.3% - 0.4%
101 139 + 37.6% 89 103 + 15.7%
32 15 - 53.1% -- -- --
* 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)**
Detached Single-Family
All MLS
Wilmette
b
Attached Single-Family
All MLS
Wilmette
a
b
a
+ 60%
+ 40%
+ 30%
+ 40%
+ 20%
+ 20%
+ 10%
0%
0%
- 20%
- 10%
- 40%
- 20%
- 30%
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. Report © 2018 ShowingTime.