Market Stats Booklet March 2018 Market Stats | Page 11

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
Northfield
+ 41.2% + 25.0% + 11.1%
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 + / –
13 20 + 53.8% 122 141 + 15.6%
9 9 0.0% 67 71 + 6.0%
3 1 - 66.7% 65 71 + 9.2%
$304,000 $505,000 + 66.1% $625,000 $620,000 - 0.8%
$557,167 $505,000 - 9.4% $774,338 $752,494 - 2.8%
87.9% 93.5% + 6.4% 91.5% 91.8% + 0.3%
71 108 + 52.1% 102 163 + 59.8%
34 38 + 11.8% -- -- --
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 + / –
4 4 0.0% 53 58 + 9.4%
3 0 - 100.0% 43 46 + 7.0%
1 4 + 300.0% 43 49 + 14.0%
$460,000 $271,250 - 41.0% $260,000 $262,500 + 1.0%
$460,000 $285,000 - 38.0% $326,963 $322,457 - 1.4%
92.2% 95.8% + 3.9% 93.3% 93.9% + 0.6%
279 92 - 67.0% 96 73 - 24.0%
11 12 + 9.1% -- -- --
* 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
Northfield
b
Attached Single-Family
a
All MLS
Northfield
b
a
+ 160%
+ 100%
+ 140%
+ 80%
+ 120%
+ 60%
+ 100%
+ 80%
+ 40%
+ 60%
+ 20%
+ 40%
+ 20%
0%
0%
- 20%
- 20%
- 40%
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.