Market Stats Booklet June 2018 Market Stats | Page 10

Local Market Update – May 2018
LOCAL MARKET UPDATE
May 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of June 14, 2018
CBHomes.com
Northbrook
+ 4.8% - 9.5% - 2.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
May
Detached Single-Family
5-2017
126
45
56
$565,000
$603,441
94.9%
134
283
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
5-2018
126
47
52
$566,000
$638,419
94.5%
104
248
Trailing 12 Months
+ / –
0.0%
+ 4.4%
- 7.1%
+ 0.2%
+ 5.8%
- 0.4%
- 22.4%
- 12.4%
May
Attached Single-Family
5-2017
41
31
39
$317,000
$337,435
94.8%
56
81
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
5-2018
49
25
34
$296,000
$313,538
94.6%
80
108
5-2017
1,059
475
471
$545,000
$616,077
93.5%
111
--
5-2018
1,005
462
473
$535,000
$604,792
93.7%
104
--
+ / –
- 5.1%
- 2.7%
+ 0.4%
- 1.8%
- 1.8%
+ 0.2%
- 6.3%
--
Trailing 12 Months
+ / –
+ 19.5%
- 19.4%
- 12.8%
- 6.6%
- 7.1%
- 0.2%
+ 42.9%
+ 33.3%
5-2017
423
290
285
$295,000
$308,499
93.6%
80
--
5-2018
499
275
290
$294,000
$329,074
94.3%
75
--
+ / –
+ 18.0%
- 5.2%
+ 1.8%
- 0.3%
+ 6.7%
+ 0.7%
- 6.3%
--
* 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
Northbrook
+ 40%
+ 30%
b
Attached Single-Family
a
All MLS
Northbrook
b
a
+ 60%
+ 50%
+ 40%
+ 20%
+ 10%
+ 30%
+ 20%
+ 10%
0%
- 10%
0%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 40%
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.