Market Stats Booklet January 2018 Market Stats | Page 12

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
Skokie
- 6.5% - 13.8% - 16.0%
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 + / –
24 28 + 16.7% 869 824 - 5.2%
20 35 + 75.0% 502 484 - 3.6%
45 37 - 17.8% 526 472 - 10.3%
$308,000 $350,000 + 13.6% $315,000 $327,750 + 4.0%
$354,879 $359,051 + 1.2% $345,246 $353,702 + 2.4%
94.8% 89.9% - 5.2% 95.2% 95.0% - 0.2%
85 113 + 32.9% 82 76 - 7.3%
109 98 - 10.1% -- -- --
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 + / –
22 15 - 31.8% 463 489 + 5.6%
19 19 0.0% 258 293 + 13.6%
20 19 - 5.0% 264 295 + 11.7%
$177,500 $186,000 + 4.8% $179,950 $186,500 + 3.6%
$204,676 $198,278 - 3.1% $198,706 $202,264 + 1.8%
89.8% 94.6% + 5.3% 94.1% 94.7% + 0.6%
78 59 - 24.4% 94 76 - 19.1%
78 59 - 24.4% -- -- --
* 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
Skokie
b
Attached Single-Family
+ 25% + 50%
+ 20% + 40%
+ 15%
All MLS
Skokie
a
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.