Market Stats Booklet July 2018 Market Stats | Page 10

Local Market Update – June 2018
LOCAL MARKET UPDATE
June 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of July 14, 2018
CBHomes.com
Northbrook
+ 3.1% - 23.0% - 2.6%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
June
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
6-2017 6-2018 + / – 6-2017 6-2018 + / –
145 145 0.0% 1,108 1,006 - 9.2%
59 52 - 11.9% 489 455 - 7.0%
73 50 - 31.5% 487 450 - 7.6%
$597,000 $638,800 + 7.0% $545,000 $542,750 - 0.4%
$649,219 $707,314 + 8.9% $612,310 $608,977 - 0.5%
94.4% 94.2% - 0.2% 93.4% 93.6% + 0.2%
76 82 + 7.9% 109 106 - 2.8%
287 271 - 5.6% -- -- --
June
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
6-2017 6-2018 + / – 6-2017 6-2018 + / –
46 52 + 13.0% 425 505 + 18.8%
12 36 + 200.0% 263 298 + 13.3%
+ 3.6%
27 27 0.0% 280 290 $295,000 $280,000 - 5.1% $295,000 $292,125 - 1.0%
$329,804 $315,320 - 4.4% $309,570 $327,726 + 5.9%
94.9% 96.0% + 1.2% 93.4% 94.4% + 1.1%
61 43 - 29.5% 80 74 - 7.5%
99 105 + 6.1% -- -- --
* 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
Northbrook
+ 40%
b
Attached Single-Family
a
All MLS
Northbrook
b
a
+ 60%
+ 50%
+ 30%
+ 40%
+ 20%
+ 10%
+ 30%
+ 20%
+ 10%
0%
- 10%
0%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
** 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.