Market Stats Booklet June 2017 Market Stats | Page 6

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
Highland Park
Highland
Park
+ 8.7% + 25.5% + 2.8%
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
103
46
44
$526,000
$623,739
92.2%
115
313
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
114
55
42
$542,500
$626,090
93.0%
117
311
Trailing 12 Months
+ / –
+ 10.7%
+ 19.6%
- 4.5%
+ 3.1%
+ 0.4%
+ 0.9%
+ 1.7%
- 0.6%
5-2016
850
432
420
$545,200
$628,639
91.2%
121
--
May
Attached
Attached Single-Family
Single-Family
5-2016
24
12
3
$313,000
$377,667
95.7%
7
50
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
24
21
17
$372,500
$414,550
93.9%
134
62
5-2017
933
428
405
$535,000
$621,973
90.7%
135
--
+ / –
+ 9.8%
- 0.9%
- 3.6%
- 1.9%
- 1.1%
- 0.5%
+ 11.6%
--
Trailing 12 Months
+ / –
0.0%
+ 75.0%
+ 466.7%
+ 19.0%
+ 9.8%
- 1.9%
+ 1,814.3%
+ 24.0%
5-2016
157
102
101
$314,900
$370,841
91.6%
88
--
5-2017
228
113
111
$277,000
$339,185
92.0%
114
--
+ / –
+ 45.2%
+ 10.8%
+ 9.9%
- 12.0%
- 8.5%
+ 0.4%
+ 29.5%
--
* 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
Detached Single-Family
All MLS
Highland Park
b
Attached Single-Family
Attached Single-Family
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10%