Market Stats Booklet January 2017 Market Stats | Page 12

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
Skokie
Skokie
+ 6.5% + 41.3% - 18.4%
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
Trailing 12 Months
12-2015 12-2016 + / – 12-2015 12-2016 + / –
32 27 - 15.6% 834 871 + 4.4%
33 25 - 24.2% 512 512 0.0%
31 45 + 45.2% 491 526 + 7.1%
$304,100 $308,000 + 1.3% $280,000 $315,000 + 12.5%
$302,130 $354,879 + 17.5% $306,591 $345,246 + 12.6%
95.5% 94.8% - 0.7% 94.7% 95.2% + 0.5%
48 85 + 77.1% 81 82 + 1.2%
133 101 - 24.1% -- -- --
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 + / –
14 22 + 57.1% 460 463 + 0.7%
20 21 + 5.0% 291 267 - 8.2%
15 20 + 33.3% 281 264 - 6.0%
$173,000 $177,500 + 2.6% $149,900 $179,950 + 20.0%
$188,506 $204,676 + 8.6% $170,177 $198,706 + 16.8%
89.9% 89.8% - 0.1% 92.6% 94.1% + 1.6%
58 78 + 34.5% 74 94 + 27.0%
74 68 - 8.1% -- -- --
* 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
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 - 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.