Market Stats Booklet January 2018 Market Stats | Page 11

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
Northfield
- 33.3% 0.0% - 19.5%
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 + / –
4 3 - 25.0% 127 134 + 5.5%
3 3 0.0% 65 70 + 7.7%
3 4 + 33.3% 65 72 + 10.8%
$357,000 $428,500 + 20.0% $630,000 $628,750 - 0.2%
$571,267 $559,750 - 2.0% $793,508 $761,849 - 4.0%
78.5% 95.6% + 21.8% 91.6% 92.2% + 0.7%
148 157 + 6.1% 113 149 + 31.9%
28 27 - 3.6% -- -- --
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 + / –
2 1 - 50.0% 57 55 - 3.5%
0 4 -- 43 50 + 16.3%
4 3 - 25.0% 43 46 + 7.0%
$199,250 $625,500 + 213.9% $270,000 $250,000 - 7.4%
$321,500 $573,833 + 78.5% $348,300 $322,476 - 7.4%
90.6% 95.4% + 5.3% 93.3% 94.1% + 0.9%
116 66 - 43.1% 91 78 - 14.3%
13 6 - 53.8% -- -- --
* 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
Northfield
b
Attached Single-Family
All MLS
Northfield
a
b
a
+ 160%
+ 100%
+ 140%
+ 80%
+ 120%
+ 60%
+ 100%
+ 80%
+ 40%
+ 60%
+ 20%
+ 40%
+ 20%
0%
0%
- 20%
- 20%
- 40%
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.