Market Stats Booklet March 2018 Market Stats | Page 8

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
Lake Bluff
+ 6.5% + 11.1% - 6.5%
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 + / –
24 29 + 20.8% 253 247 - 2.4%
15 12 - 20.0% 131 129 - 1.5%
6 8 + 33.3% 138 134 - 2.9%
$770,000 $477,500 - 38.0% $547,500 $569,500 + 4.0%
$830,833 $476,375 - 42.7% $697,320 $611,553 - 12.3%
92.4% 89.8% - 2.8% 91.7% 92.2% + 0.5%
135 112 - 17.0% 122 122 0.0%
81 76 - 6.2% -- -- --
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 + / –
7 4 - 42.9% 69 64 - 7.2%
3 3 0.0% 45 42 - 6.7%
3 2 - 33.3% 48 42 - 12.5%
$191,500 $622,500 + 225.1% $192,000 $216,000 + 12.5%
$172,833 $622,500 + 260.2% $220,726 $257,611 + 16.7%
88.3% 95.3% + 7.9% 91.6% 93.7% + 2.3%
131 148 + 13.0% 95 56 - 41.1%
12 11 - 8.3% -- -- --
* 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
Lake Bluff
b
Attached Single-Family
a
All MLS
Lake Bluff
b
a
+ 200%
+ 80%
+ 60%
+ 150%
+ 40%
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 50%
- 40%
- 60%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
- 100%
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.