Market Stats Booklet July 2018 Market Stats | Page 12

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
Skokie
+ 12.3% - 1.0% + 13.2%
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 + / –
86 110 + 27.9% 800 882 + 10.3%
38 49 + 28.9% 470 477 + 1.5%
62 60 - 3.2% 517 467 - 9.7%
$332,500 $339,000 + 2.0% $315,000 $340,000 + 7.9%
$358,038 $347,079 - 3.1% $341,278 $363,842 + 6.6%
97.8% 97.0% - 0.8% 95.6% 95.1% - 0.5%
62 60 - 3.2% 75 75 0.0%
157 173 + 10.2% -- -- --
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 + / –
52 45 - 13.5% 473 478 + 1.1%
35 29 - 17.1% 297 266 - 10.4%
36 37 + 2.8% 278 281 + 1.1%
$193,750 $190,000 - 1.9% $182,000 $190,000 + 4.4%
$222,833 $203,565 - 8.6% $200,420 $201,047 + 0.3%
94.2% 94.2% 0.0% 94.1% 94.6% + 0.5%
67 66 - 1.5% 86 66 - 23.3%
78 93 + 19.2% -- -- --
* 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
Skokie
b
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15%
+ 10%
All MLS
Skokie
b
a
+ 30%
+ 20%
+ 5%
+ 10%
0%
- 5%
- 10%
- 15%
0%
- 10%
- 20%
- 20% - 30%
- 25%
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.