Market Stats Booklet January 2017 Market Stats | Page 13
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
Wilmette
Wilmette
+ 19.0% - 26.7% + 15.9%
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 + / –
18 23 13 13 + 27.8% 712 735 + 3.2%
0.0% 374 382 24 + 2.1%
17 - 29.2% 365 385 + 5.5%
$734,250 $765,000 + 4.2% $750,000 $740,000 - 1.3%
$867,000 $799,971 - 7.7% $871,041 $858,661 - 1.4%
89.6% 89.3% - 0.3% 93.8% 93.6% - 0.2%
165 117 - 29.1% 75 94 + 25.3%
109 121 + 11.0% -- -- --
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 + / –
3 2 - 33.3% 118 153 + 29.7%
4 3 - 25.0% 85 96 + 12.9%
6 5 - 16.7% 83 101 + 21.7%
$508,750 $400,000 - 21.4% $299,900 $292,500 - 2.5%
$470,417 $401,000 - 14.8% $341,445 $338,048 - 1.0%
84.7% 92.3% + 9.0% 93.0% 92.7% - 0.3%
156 101 - 35.3% 109 89 - 18.3%
23 32 + 39.1% -- -- --
* 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
Wilmette
b
Single-Family
Attached Single-Family
a
+ 40% + 60%
+ 30% + 40%
+ 20%
All MLS
Wilmette
b
a
+ 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
- 60%
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.