Market Stats Booklet May 2018 Market Stat | Page 10

Local Market Update – April 2018
LOCAL MARKET UPDATE
April 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of May 14, 2018
CBHomes.com
Northbrook
- 5.6% - 7.5% - 8.5%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
April
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
4-2017 4-2018 + / – 4-2017 4-2018 + / –
115 95 - 17.4% 1,063 1,005 - 5.5%
67 51 - 23.9% 482 461 - 4.4%
43 35 - 18.6% 470 476 + 1.3%
$503,000 $450,000 - 10.5% $545,000 $534,000 - 2.0%
$565,970 $549,934 - 2.8% $618,126 $600,812 - 2.8%
94.4% 95.0% + 0.6% 93.4% 93.7% + 0.3%
133 76 - 42.9% 108 108 0.0%
256 210 - 18.0% -- -- --
April
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
4-2017 4-2018 + / – 4-2017 4-2018 + / –
45 56 + 24.4% 429 489 + 14.0%
31 32 + 3.2% 287 280 - 2.4%
24 27 + 12.5% 276 294 + 6.5%
$253,000 $335,000 + 32.4% $290,500 $297,500 + 2.4%
$272,029 $377,588 + 38.8% $301,655 $332,300 + 10.2%
94.5% 95.9% + 1.5% 93.5% 94.3% + 0.9%
92 87 - 5.4% 82 73 - 11.0%
84 101 + 20.2% -- -- --
* 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
+ 40%
b
Attached Single-Family
a
All MLS
Northbrook
b
a
+ 60%
+ 50%
+ 30%
+ 40%
+ 20%
+ 10%
+ 30%
+ 20%
+ 10%
0%
- 10%
0%
- 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.