Market Stats Booklet March 2017 Market Stats | Page 10

Local Market Update – February 2017
LOCAL MARKET UPDATE
February 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2017
CBHomes.com
Northbrook
Northbrook
+ 48.0% + 32.1% + 9.8%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
February
Detached
Detached Single-Family
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
Trailing 12 Months
2-2016 2-2017 + / – 2-2016 2-2017 + / –
70 108 + 54.3% 894 1,033 + 15.5%
27 44 + 63.0% 436 471 + 8.0%
14 23 + 64.3% 436 452 + 3.7%
$552,500 $577,000 + 4.4% $539,563 $545,000 + 1.0%
$589,036 $810,878 + 37.7% $602,245 $614,755 + 2.1%
90.7% 90.3% - 0.4% 94.0% 93.3% - 0.7%
165 200 + 21.2% 90 99 + 10.0%
189 206 + 9.0% -- -- --
February
Attached Single-Family
Single-Family
Attached
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
Trailing 12 Months
2-2016 2-2017 + / – 2-2016 2-2017 + / –
30 40 + 33.3% 422 408 - 3.3%
30 32 + 6.7% 272 281 + 3.3%
14 14 0.0% 261 280 + 7.3%
$313,750 $242,500 - 22.7% $292,000 $294,950 + 1.0%
$322,321 $252,264 - 21.7% $311,039 $304,854 - 2.0%
95.5% 91.0% - 4.7% 93.5% 93.2% - 0.3%
144 102 - 29.2% 82 82 0.0%
67 75 + 11.9% -- -- --
* 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
Detached Single-Family
All MLS
Northbrook
b
Attached Single-Family
Attached Single-Family
All MLS
Northbrook
a
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** 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 © 2017 ShowingTime.