Market Stats Booklet January 2018 Market Stats | Page 9

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 Lake Forest + 27.8% - 11.1% - 12.1% 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 + / – 14 15 + 7.1% 697 641 - 8.0% 8 11 + 37.5% 267 286 + 7.1% 24 21 - 12.5% 277 280 + 1.1% $737,500 $1,035,000 + 40.3% $780,000 $845,000 + 8.3% $890,829 $1,144,024 + 28.4% $965,085 $1,064,322 + 10.3% 87.6% 90.4% + 3.2% 89.0% 89.1% + 0.1% 171 162 - 5.3% 176 189 + 7.4% 261 216 - 17.2% -- -- -- 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 8 + 100.0% 86 137 + 59.3% 2 4 + 100.0% 48 73 + 52.1% + 27.5% 3 3 0.0% 51 65 $906,500 $150,000 - 83.5% $394,000 $397,500 + 0.9% $783,500 $206,833 - 73.6% $493,770 $422,503 - 14.4% 87.9% 86.7% - 1.4% 91.8% 90.0% - 2.0% 247 178 - 27.9% 125 154 + 23.2% 36 45 + 25.0% -- -- -- * 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 Lake Forest b Attached Single-Family All MLS Lake Forest a b a + 200% + 40% + 30% + 150% + 20% + 100% + 10% 0% + 50% - 10% 0% - 20% - 30% 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 - 50% 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.