Market Stats Booklet March 2018 Market Stats | Page 10

Local Market Update – February 2018
LOCAL MARKET UPDATE
February 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2018
CBHomes.com
Northbrook
- 6.0% - 8.1% - 7.6%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
February
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
Trailing 12 Months
2-2017 2-2018 + / – 2-2017 2-2018 + / –
110 97 - 11.8% 1,035 1,059 + 2.3%
45 38 - 15.6% 468 481 + 2.8%
23 18 - 21.7% 452 491 + 8.6%
$577,000 $450,750 - 21.9% $545,000 $532,000 - 2.4%
$810,878 $535,489 - 34.0% $614,755 $602,123 - 2.1%
90.3% 95.3% + 5.5% 93.3% 93.7% + 0.4%
200 88 - 56.0% 99 117 + 18.2%
211 179 - 15.2% -- -- --
February
Attached 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
2-2017 2-2018 + / – 2-2017 2-2018 + / –
40 44 + 10.0% 408 486 + 19.1%
30 26 - 13.3% 278 285 + 2.5%
+ 3.2%
14 16 + 14.3% 280 289 $242,500 $346,000 + 42.7% $294,950 $292,500 - 0.8%
$252,264 $360,865 + 43.1% $304,854 $327,089 + 7.3%
91.0% 96.3% + 5.8% 93.2% 94.4% + 1.3%
102 111 + 8.8% 82 72 - 12.2%
78 88 + 12.8% -- -- --
* 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
Northbrook
b
Attached Single-Family
a
All MLS
Northbrook
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
1-2018
- 40%
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.