Market Stats Booklet July 2018 Market Stats | Page 9

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
Lake Forest
+ 1.2% + 19.6% - 4.8%
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 + / –
70 79 + 12.9% 662 655 - 1.1%
34 34 0.0% 287 287 0.0%
33 47 + 42.4% 274 297 + 8.4%
$940,000 $749,000 - 20.3% $825,825 $830,000 + 0.5%
$1,148,442 $867,170 - 24.5% $1,033,675 $1,029,619 - 0.4%
90.4% 92.6% + 2.4% 89.4% 89.0% - 0.4%
167 186 + 11.4% 185 191 + 3.2%
333 313 - 6.0% -- -- --
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 + / –
16 8 - 50.0% 115 124 + 7.8%
6 10 + 66.7% 60 73 + 21.7%
13 8 - 38.5% 49 71 + 44.9%
$359,000 $467,500 + 30.2% $375,000 $420,000 + 12.0%
$415,755 $487,125 + 17.2% $458,180 $446,442 - 2.6%
90.3% 90.5% + 0.2% 89.5% 91.7% + 2.5%
160 113 - 29.4% 168 109 - 35.1%
44 46 + 4.5% -- -- --
* 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
Lake Forest
+ 40%
b
Attached Single-Family
a
All MLS
Lake Forest
b
a
+ 200%
+ 30%
+ 150%
+ 20%
+ 10%
0%
+ 100%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 50%
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.