Market Stats Booklet July 2017 Market Stats | Page 10

Local Market Update – June 2017
LOCAL MARKET UPDATE
June 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of July 14, 2017
CBHomes.com
Northbrook
Northbrook
+ 35.7% + 12.4% + 16.5%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
June
Detached
Detached Single-Family
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
6-2016 6-2017 + / – 6-2016 6-2017 + / –
96 144 + 50.0% 965 1,106 + 14.6%
45 58 + 28.9% 467 491 + 5.1%
57 73 + 28.1% 452 487 + 7.7%
$560,000 $597,000 + 6.6% $539,063 $545,000 + 1.1%
$690,705 $649,580 - 6.0% $611,127 $612,364 + 0.2%
95.4% 94.4% - 1.0% 93.8% 93.4% - 0.4%
89 76 - 14.6% 88 109 + 23.9%
253 283 + 11.9% -- -- --
June
Attached
Attached Single-Family
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
6-2016 6-2017 + / – 6-2016 6-2017 + / –
44 46 + 4.5% 412 425 + 3.2%
39 12 - 69.2% 275 263 - 4.4%
32 27 - 15.6% 272 280 + 2.9%
$319,050 $295,000 - 7.5% $293,000 $295,000 + 0.7%
$317,102 $329,804 + 4.0% $308,508 $309,463 + 0.3%
96.4% 94.9% - 1.6% 94.0% 93.4% - 0.6%
67 61 - 9.0% 80 80 0.0%
74 98 + 32.4% -- -- --
* 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
Detached Single-Family
All MLS
Northbrook
b
Attached
Single-Family
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 © 2017 ShowingTime.