Market Stats Booklet June 2017 Market Stats | Page 9

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
Forest
Lake Lake Forest
- 25.0% + 23.5% - 5.9%
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
105
36
30
$727,500
$832,808
89.9%
165
351
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
Invento ry of Homes for Sale at Month End
5-2017
79
37
35
$845,000
$1,015,727
90.9%
193
323
Trailing 12 Months
+ / –
- 24.8%
+ 2.8%
+ 16.7%
+ 16.2%
+ 22.0%
+ 1.1%
+ 17.0%
- 8.0%
May
Attached
Attached Single-Family
Single-Family
5-2016
11
6
4
$381,250
$405,375
87.6%
397
37
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
8
11
7
$345,000
$447,143
84.0%
294
42
5-2016
678
249
246
$842,000
$1,033,833
89.7%
166
--
5-2017
658
280
279
$815,000
$1,009,750
89.3%
183
--
+ / –
- 2.9%
+ 12.4%
+ 13.4%
- 3.2%
- 2.3%
- 0.4%
+ 10.2%
--
Trailing 12 Months
+ / –
- 27.3%
+ 83.3%
+ 75.0%
- 9.5%
+ 10.3%
- 4.1%
- 25.9%
+ 13.5%
5-2016
95
59
63
$486,500
$546,281
93.2%
111
--
5-2017
103
56
46
$359,000
$481,143
91.2%
149
--
+ / –
+ 8.4%
- 5.1%
- 27.0%
- 26.2%
- 11.9%
- 2.1%
+ 34.2%
--
* 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
Lake Forest
b
Attached Single-Family
Attached Single-Family
All MLS
Lake Forest
a
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 50%
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.