Market Stats Booklet July 2018 Market Stats | Page 11

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
Northfield
+ 9.5% - 21.4% + 1.5%
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 + / –
16 17 + 6.3% 127 145 + 14.2%
8 4 - 50.0% 60 66 + 10.0%
8 9 + 12.5% 55 78 + 41.8%
$589,500 $566,000 - 4.0% $649,000 $606,250 - 6.6%
$756,563 $779,833 + 3.1% $781,325 $755,826 - 3.3%
97.6% 97.5% - 0.1% 91.9% 91.2% - 0.8%
122 85 - 30.3% 135 142 + 5.2%
53 61 + 15.1% -- -- --
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 + / –
5 6 + 20.0% 43 54 + 25.6%
4 4 0.0% 38 44 + 15.8%
6 2 - 66.7% 45 41 - 8.9%
$306,250 $329,500 + 7.6% $260,000 $278,000 + 6.9%
$313,567 $329,500 + 5.1% $322,796 $342,729 + 6.2%
92.0% 88.0% - 4.3% 92.7% 94.1% + 1.5%
98 171 + 74.5% 104 67 - 35.6%
14 7 - 50.0% -- -- --
* 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
Northfield
+ 100%
b
Attached Single-Family
a
All MLS
Northfield
b
a
+ 160%
+ 140%
+ 80%
+ 120%
+ 60%
+ 40%
+ 100%
+ 80%
+ 60%
+ 20%
0%
+ 40%
+ 20%
0%
- 20%
- 20%
- 40%
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.