Market Stats Booklet January 2017 Market Stats | Page 6
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
Highland
Park
Highland Park
- 9.7% 0.0% + 7.6%
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 + / –
27 24 - 11.1% 791 864 + 9.2%
18 13 - 27.8% 403 392 - 2.7%
31 30 - 3.2% 399 403 + 1.0%
$511,000 $462,500 - 9.5% $540,000 $540,000 0.0%
$592,438 $566,334 - 4.4% $611,921 $624,571 + 2.1%
90.6% 89.6% - 1.1% 91.1% 91.1% 0.0%
169 101 - 40.2% 116 123 + 6.0%
226 230 + 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 + / –
4 4 0.0% 165 203 + 23.0%
5 5 0.0% 119 94 - 21.0%
7 8 + 14.3% 114 94 - 17.5%
$320,000 $279,250 - 12.7% $260,000 $275,750 + 6.1%
$325,286 $289,822 - 10.9% $347,300 $334,285 - 3.7%
88.1% 87.3% - 0.9% 91.3% 92.3% + 1.1%
173 132 - 23.7% 93 91 - 2.2%
38 54 + 42.1% -- -- --
* 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
Highland Park
b
Single-Family
Attached Single-Family
a
All MLS