Market Stats Booklet July 2017 Market Stats | Page 9

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
Forest
Lake Lake Forest
+ 13.3% - 4.2% - 5.8%
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 Ho mes for Sale at Month End
Trailing 12 Months
6-2016 6-2017 + / – 6-2016 6-2017 + / –
70 70 0.0% 682 659 - 3.4%
24 35 + 45.8% 241 289 + 19.9%
38 33 - 13.2% 244 274 + 12.3%
$806,250 $940,000 + 16.6% $811,000 $825,825 + 1.8%
$957,679 $1,148,442 + 19.9% $1,003,590 $1,033,675 + 3.0%
89.6% 90.4% + 0.9% 89.3% 89.4% + 0.1%
156 167 + 7.1% 163 185 + 13.5%
359 327 - 8.9% -- -- --
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 + / –
5 15 + 200.0% 86 113 + 31.4%
3 5 + 66.7% 56 58 + 3.6%
10 13 + 30.0% 64 49 - 23.4%
$338,500 $359,000 + 6.1% $427,500 $375,000 - 12.3%
$508,660 $415,755 - 18.3% $541,207 $458,180 - 15.3%
98.3% 90.3% - 8.1% 93.7% 89.5% - 4.5%
69 160 + 131.9% 110 168 + 52.7%
35 44 + 25.7% -- -- --
* 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
Lake Forest
b
Attached
Single-Family
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 © 2017 ShowingTime.