Market Stats Booklet March 2018 Market Stats | Page 12

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
Skokie
+ 9.7% + 6.9% - 13.2%
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 + / –
54 69 + 27.8% 827 839 + 1.5%
29 34 + 17.2% 491 489 - 0.4%
18 23 + 27.8% 511 473 - 7.4%
$325,000 $360,000 + 10.8% $315,000 $335,000 + 6.3%
$342,494 $382,826 + 11.8% $344,624 $356,112 + 3.3%
93.7% 95.4% + 1.8% 95.4% 95.2% - 0.2%
112 123 + 9.8% 79 76 - 3.8%
113 116 + 2.7% -- -- --
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 + / –
39 33 - 15.4% 462 476 + 3.0%
24 24 0.0% 260 290 + 11.5%
11 8 - 27.3% 254 295 + 16.1%
$167,900 $168,750 + 0.5% $178,500 $186,000 + 4.2%
$202,764 $170,188 - 16.1% $196,448 $202,797 + 3.2%
93.8% 90.8% - 3.2% 94.2% 94.6% + 0.4%
104 92 - 11.5% 92 77 - 16.3%
84 55 - 34.5% -- -- --
* 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
Skokie
b
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15%
All MLS
Skokie
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
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.