Market Stats Booklet January 2018 Market Stats | Page 6
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
Highland Park
- 13.8% - 15.8% - 13.6%
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 + / –
25 22 - 12.0% 866 930 + 7.4%
13 23 + 76.9% 387 449 + 16.0%
30 28 - 6.7% 402 445 + 10.7%
$462,500 $514,000 + 11.1% $540,000 $515,000 - 4.6%
$566,334 $518,568 - 8.4% $624,667 $606,366 - 2.9%
89.6% 90.2% + 0.7% 91.1% 91.0% - 0.1%
101 219 + 116.8% 123 137 + 11.4%
240 213 - 11.3% -- -- --
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 + / –
4 3 - 25.0% 203 198 - 2.5%
5 7 + 40.0% 94 115 + 22.3%
8 4 - 50.0% 94 113 + 20.2%
$279,250 $371,250 + 32.9% $275,750 $325,000 + 17.9%
$289,822 $416,000 + 43.5% $334,285 $383,949 + 14.9%
87.3% 85.8% - 1.7% 92.3% 92.1% - 0.2%
132 272 + 106.1% 91 138 + 51.6%
54 41 - 24.1% -- -- --
* 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
All MLS
Highland Park
b
Attached Single-Family
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
All MLS
Highland Park
a
- 60%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
b
a
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