Market Stats Booklet March 2018 Market Stats | Page 3

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
Evanston
- 23.0% 0.0% + 0.9%
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 + / –
77 57 - 26.0% 729 746 + 2.3%
48 29 - 39.6% 478 450 - 5.9%
14 19 + 35.7% 487 471 - 3.3%
$340,750 $530,000 + 55.5% $520,000 $540,000 + 3.8%
$456,110 $555,811 + 21.9% $598,901 $631,069 + 5.4%
92.0% 97.3% + 5.8% 95.3% 95.8% + 0.5%
82 61 - 25.6% 74 71 - 4.1%
103 114 + 10.7% -- -- --
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 + / –
84 67 - 20.2% 864 835 - 3.4%
50 45 - 10.0% 654 605 - 7.5%
36 31 - 13.9% 662 620 - 6.3%
$206,000 $280,000 + 35.9% $222,000 $250,000 + 12.6%
$244,128 $302,269 + 23.8% $263,140 $285,245 + 8.4%
95.3% 94.5% - 0.8% 94.4% 95.5% + 1.2%
73 94 + 28.8% 79 58 - 26.6%
120 111 - 7.5% -- -- --
* 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
Evanston
b
Attached Single-Family
a
All MLS
Evanston
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
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.