Market Stats Booklet March 2017 Market Stats | Page 12

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
Skokie
Skokie
- 26.2% - 43.1% - 25.2%
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 + / –
82 54 - 34.1% 877 827 - 5.7%
38 34 - 10.5% 513 498 - 2.9%
29 18 - 37.9% 513 511 - 0.4%
$305,500 $325,000 + 6.4% $285,814 $315,000 + 10.2%
$337,383 $342,494 + 1.5% $312,380 $344,624 + 10.3%
92.1% 93.7% + 1.7% 94.6% 95.4% + 0.8%
125 112 - 10.4% 83 79 - 4.8%
155 106 - 31.6% -- -- --
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 + / –
44 39 - 11.4% 457 462 + 1.1%
21 27 + 28.6% 280 266 - 5.0%
22 11 - 50.0% 282 254 - 9.9%
$178,950 $167,900 - 6.2% $155,000 $178,500 + 15.2%
$215,175 $202,764 - 5.8% $178,938 $196,448 + 9.8%
93.8% 93.8% 0.0% 92.7% 94.2% + 1.6%
101 104 + 3.0% 75 92 + 22.7%
91 78 - 14.3% -- -- --
* 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
Skokie
b
Attached Single-Family
Attached Single-Family
All MLS
Skokie
a
+ 25% + 50%
+ 20% + 40%
+ 15%
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.