Market Stats Booklet January 2017 Market Stats | Page 10

Local Market Update – December 2016
LOCAL MARKET UPDATE
December 2016
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2017
CBHomes.com
Northbrook
Northbrook
- 9.1% - 2.2% - 3.4%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
December
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
12-2015 12-2016
34 30
16 26
31 31
$430,000
Trailing 12 Months
+ / –
12-2015 12-2016 + / –
- 11.8% 857 987 + 15.2%
+ 62.5% 436 452 + 3.7%
0.0% 443 450 + 1.6%
$525,000 + 22.1% $540,000 $545,000 + 0.9%
$478,850 $608,610 + 27.1% $607,882 $606,516 - 0.2%
92.2% 88.9% - 3.6% 94.0% 93.3% - 0.7%
96 102 + 6.3% 91 97 + 6.6%
170 167 - 1.8% -- -- --
December
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
12-2015 12-2016 + / – 12-2015 12-2016 + / –
10 10 0.0% 410 402 - 2.0%
12 24 + 100.0% 271 284 + 4.8%
14 13 - 7.1% 265 272 + 2.6%
$385,500 $355,000 - 7.9% $289,000 $301,250 + 4.2%
$389,341 $363,308 - 6.7% $310,467 $308,279 - 0.7%
93.5% 91.9% - 1.7% 93.5% 93.6% + 0.1%
144 60 - 58.3% 76 84 + 10.5%
67 62 - 7.5% -- -- --
* 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
Single-Family
Detached
All MLS
Northbrook
b
Single-Family
Attached Single-Family
a
All MLS
Northbrook
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
** 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.