Market Stats Booklet June 2017 Market Stats | Page 10

Local Market Update – May 2017
LOCAL MARKET UPDATE
May 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of June 15, 2017
CBHomes.com
Northbrook
Northbrook
- 6.2% + 9.4% + 2.6%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
May
Detached
Detached Single-Family
Single-Family
5-2016
130
52
55
$555,000
$620,723
93.7%
110
267
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
5-2017
125
52
55
$580,000
$604,779
94.8%
136
274
Trailing 12 Months
+ / –
- 3.8%
0.0%
0.0%
+ 4.5%
- 2.6%
+ 1.2%
+ 23.6%
+ 2.6%
5-2016
985
464
454
$540,750
$605,969
93.9%
86
--
May
Attached
Attached Single-Family
Single-Family
5-2016
47
28
30
$246,500
$283,150
93.6%
66
79
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
5-2017
41
30
38
$318,500
$342,170
94.4%
57
81
5-2017
1,058
482
469
$545,000
$616,748
93.5%
112
--
+ / –
+ 7.4%
+ 3.9%
+ 3.3%
+ 0.8%
+ 1.8%
- 0.4%
+ 30.2%
--
Trailing 12 Months
+ / –
- 12.8%
+ 7.1%
+ 26.7%
+ 29.2%
+ 20.8%
+ 0.9%
- 13.6%
+ 2.5%
5-2016
416
267
274
$290,000
$303,823
93.7%
81
--
5-2017
423
289
284
$295,000
$309,031
93.6%
80
--
+ / –
+ 1.7%
+ 8.2%
+ 3.6%
+ 1.7%
+ 1.7%
- 0.1%
- 1.2%
--
* 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
Detached Single-Family
All MLS
Northbrook
b
Attached Single-Family
Attached Single-Family
All MLS
Northbrook
a
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 40%
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.