Market Stats Booklet March 2017 Market Stats | Page 3

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
Evanston
Evanston
+ 2.6% + 22.5% - 26.8%
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 + / –
72 76 + 5.6% 755 728 - 3.6%
47 51 + 8.5% 500 482 - 3.6%
21 14 - 33.3% 493 487 - 1.2%
$470,000 $340,750 - 27.5% $505,000 $520,000 + 3.0%
$463,786 $456,110 - 1.7% $585,881 $598,901 + 2.2%
92.8% 92.0% - 0.9% 94.8% 95.3% + 0.5%
96 82 - 14.6% 78 74 - 5.1%
113 98 - 13.3% -- -- --
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 + / –
84 84 0.0% 988 863 - 12.7%
58 46 - 20.7% 671 651 - 3.0%
+ 1.8%
19 35 + 84.2% 649 661 $209,500 $190,000 - 9.3% $225,000 $222,000 - 1.3%
$189,821 $243,989 + 28.5% $253,120 $263,162 + 4.0%
93.3% 95.3% + 2.1% 93.2% 94.4% + 1.3%
149 74 - 50.3% 93 79 - 15.1%
189 123 - 34.9% -- -- --
* 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
Evanston
b
Attached Single-Family
Attached Single-Family
All MLS
Evanston
a
b
a
+ 30%
+ 30%
+ 20%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
1-2009
- 30%
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.