Market Stats Booklet June 2018 Market Stats | Page 12

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
Skokie
+ 19.4% - 26.7% + 13.9%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
May
Detached Single-Family
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
60
54
$329,000
$340,723
96.6%
53
133 5-2018
106
44
41
$347,000
$392,944
95.3%
65
158
5-2017
49
38
36
$186,393
$201,897
94.7%
92
83 5-2018
60
35
25
$210,000
$204,864
94.7%
51
88
Trailing 12 Months
+ / –
+ 17.8%
- 26.7%
- 24.1%
+ 5.5%
+ 15.3%
- 1.3%
+ 22.6%
+ 18.8% 5-2017
795
486
524
$315,000
$343,659
95.5%
77
--
+ / –
+ 22.4%
- 7.9%
- 30.6%
+ 12.7%
+ 1.5%
0.0%
- 44.6%
+ 6.0% 5-2017
471
286
270
$180,000
$195,938
94.1%
94
--
May
Attached Single-Family
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
858
468
468
$339,075
$365,219
95.2%
75
--
+ / –
+ 7.9%
- 3.7%
- 10.7%
+ 7.6%
+ 6.3%
- 0.3%
- 2.6%
--
Trailing 12 Months
5-2018
484
273
279
$191,000
$203,850
94.7%
66
--
+ / –
+ 2.8%
- 4.5%
+ 3.3%
+ 6.1%
+ 4.0%
+ 0.6%
- 29.8%
--
* 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
Skokie
b
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15%
+ 10%
+ 5%
All MLS
Skokie
b
a
+ 30%
+ 20%
+ 10%
0%
- 5%
- 10%
0%
- 10%
- 15% - 20%
- 20% - 30%
- 25%
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.