Market Stats Booklet June 2018 Market Stats | Page 3

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
Evanston
+ 11.3% + 0.8% + 15.4%
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
91
55
48
$490,000
$594,564
96.9%
37
132 5-2018
93
54
55
$632,000
$747,386
96.2%
76
131
5-2017
86
71
78
$267,500
$318,615
96.3%
47
102 5-2018
104
56
72
$290,500
$312,315
95.4%
57
139
Trailing 12 Months
+ / –
+ 2.2%
- 1.8%
+ 14.6%
+ 29.0%
+ 25.7%
- 0.7%
+ 105.4%
- 0.8% 5-2017
715
463
498
$526,000
$608,103
95.6%
67
--
+ / –
+ 20.9%
- 21.1%
- 7.7%
+ 8.6%
- 2.0%
- 0.9%
+ 21.3%
+ 36.3% 5-2017
851
654
665
$230,000
$273,698
95.0%
71
--
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
763
467
468
$565,000
$647,227
95.4%
76
--
+ / –
+ 6.7%
+ 0.9%
- 6.0%
+ 7.4%
+ 6.4%
- 0.2%
+ 13.4%
--
Trailing 12 Months
5-2018
853
570
603
$248,000
$280,684
95.3%
59
--
+ / –
+ 0.2%
- 12.8%
- 9.3%
+ 7.8%
+ 2.6%
+ 0.3%
- 16.9%
--
* 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
All MLS
Evanston
+ 30%
+ 20%
b
Attached Single-Family
a
All MLS
Evanston
b
a
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 30%
- 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.