Market Stats Booklet January 2018 Market Stats | Page 10

Local Market Update – December 2017
LOCAL MARKET UPDATE
December 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2018
CBHomes.com
Northbrook
- 5.0% + 18.2% - 16.6%
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 + / –
30 27 - 10.0% 989 1,064 + 7.6%
24 17 - 29.2% 447 498 + 11.4%
31 31 0.0% 452 496 + 9.7%
$525,000 $560,000 + 6.7% $545,000 $540,000 - 0.9%
$608,610 $591,146 - 2.9% $606,288 $615,526 + 1.5%
88.9% 93.4% + 5.1% 93.3% 93.5% + 0.2%
102 127 + 24.5% 97 118 + 21.6%
177 132 - 25.4% -- -- --
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 + / –
10 11 + 10.0% 402 472 + 17.4%
23 11 - 52.2% 282 283 + 0.4%
+ 7.4%
13 21 + 61.5% 272 292 $355,000 $316,000 - 11.0% $301,250 $290,000 - 3.7%
$363,308 $336,801 - 7.3% $308,279 $318,745 + 3.4%
91.9% 93.4% + 1.6% 93.6% 94.1% + 0.5%
60 74 + 23.3% 84 72 - 14.3%
64 69 + 7.8% -- -- --
* 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
Northbrook
b
Attached Single-Family
All MLS
Northbrook
a
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
1-2017
- 40%
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.