Market Stats Booklet June 2017 Market Stats | Page 12

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
Skokie
Skokie
- 0.7% + 34.3% - 27.6%
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
95
68
43
$325,000
$349,535
95.3%
77
177
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
90
61
54
$329,000
$340,723
96.6%
53
127
Trailing 12 Months
+ / –
- 5.3%
- 10.3%
+ 25.6%
+ 1.2%
- 2.5%
+ 1.4%
- 31.2%
- 28.2%
5-2016
885
541
516
$300,000
$322,527
94.8%
77
--
May
Attached
Attached Single-Family
Single-Family
5-2016
45
26
24
$169,500
$197,996
93.5%
138
106
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
49
40
36
$186,393
$204,675
95.3%
92
78
5-2017
795
491
524
$315,000
$343,659
95.5%
77
--
+ / –
- 10.2%
- 9.2%
+ 1.6%
+ 5.0%
+ 6.6%
+ 0.7%
0.0%
--
Trailing 12 Months
+ / –
+ 8.9%
+ 53.8%
+ 50.0%
+ 10.0%
+ 3.4%
+ 1.9%
- 33.3%
- 26.4%
5-2016
465
269
275
$160,000
$188,239
93.3%
84
--
5-2017
471
290
270
$180,000
$196,308
94.2%
94
--
+ / –
+ 1.3%
+ 7.8%
- 1.8%
+ 12.5%
+ 4.3%
+ 1.0%
+ 11.9%
--
* 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
Skokie
b
Attached Single-Family
Attached Single-Family
All MLS
Skokie
a
+ 25% + 50%
+ 20% + 40%
+ 15%
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.