Market Stats Booklet June 2018 Market Stats | Page 9

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
Lake Forest
- 13.5% - 21.4% - 5.9%
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
80
34
35
$845,000
$1,015,727
90.9%
193
330 5-2018
73
30
26
$855,000
$927,163
89.5%
187
301
5-2017
9
12
7
$345,000
$447,143
84.0%
294
42 5-2018
4
4
7
$375,000
$390,700
93.2%
25
49
Trailing 12 Months
+ / –
- 8.8%
- 11.8%
- 25.7%
+ 1.2%
- 8.7%
- 1.5%
- 3.1%
- 8.8% 5-2017
662
277
279
$815,000
$1,009,750
89.3%
183
--
+ / –
- 55.6%
- 66.7%
0.0%
+ 8.7%
- 12.6%
+ 11.0%
- 91.5%
+ 16.7% 5-2017
104
57
46
$359,000
$481,143
91.2%
149
--
May
Attached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Pri ce*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
5-2018
643
288
283
$845,000
$1,070,454
88.6%
189
--
+ / –
- 2.9%
+ 4.0%
+ 1.4%
+ 3.7%
+ 6.0%
- 0.8%
+ 3.3%
--
Trailing 12 Months
5-2018
132
69
76
$409,950
$436,911
91.6%
117
--
+ / –
+ 26.9%
+ 21.1%
+ 65.2%
+ 14.2%
- 9.2%
+ 0.4%
- 21.5%
--
* 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
Lake Forest
+ 40%
b
Attached Single-Family
a
All MLS
Lake Forest
b
a
+ 200%
+ 30%
+ 150%
+ 20%
+ 10%
0%
+ 100%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 50%
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.