Market Stats Booklet June 2018 Market Stats | Page 6
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
Highland Park
- 20.1% + 10.2% - 8.9%
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
115
54
42
$542,500
$626,090
93.0%
117
320
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
94
53
55
$546,000
$596,455
92.6%
122
297
Trailing 12 Months
+ / –
- 18.3%
- 1.9%
+ 31.0%
+ 0.6%
- 4.7%
- 0.4%
+ 4.3%
- 7.2%
May
Attached Single-Family
5-2017
24
20
17
$372,500
$414,550
93.9%
134
64
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
17
15
10
$263,500
$292,000
92.7%
123
53
5-2017
935
423
404
$535,000
$622,028
90.8%
135
--
5-2018
895
427
435
$525,000
$597,588
91.4%
136
--
+ / –
- 4.3%
+ 0.9%
+ 7.7%
- 1.9%
- 3.9%
+ 0.7%
+ 0.7%
--
Trailing 12 Months
+ / –
- 29.2%
- 25.0%
- 41.2%
- 29.3%
- 29.6%
- 1.3%
- 8.2%
- 17.2%
5-2017
229
112
111
$277,000
$339,185
92.0%
114
--
5-2018
196
108
110
$323,500
$379,393
92.9%
131
--
+ / –
- 14.4%
- 3.6%
- 0.9%
+ 16.8%
+ 11.9%
+ 1.0%
+ 14.9%
--
* 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
Highland Park
b
Attached Single-Family
a
All MLS
Highland Park
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 - 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
b
a
** 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 sha