Market Stats Booklet May 2018 Market Stat | Page 11

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
Northfield
- 12.0% - 20.0% + 9.3%
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 + / –
21 17 - 19.0% 121 140 + 15.7%
6 5 - 16.7% 57 73 + 28.1%
8 6 - 25.0% 65 74 + 13.8%
$660,000 $371,000 - 43.8% $620,000 $613,750 - 1.0%
$788,963 $421,500 - 46.6% $743,280 $749,418 + 0.8%
93.7% 95.0% + 1.4% 91.8% 91.4% - 0.4%
230 39 - 83.0% 119 150 + 26.1%
42 49 + 16.7% -- -- --
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 + / –
4 5 + 25.0% 42 57 + 35.7%
3 3 0.0% 41 46 + 12.2%
2 2 0.0% 43 48 + 11.6%
$197,500 $306,950 + 55.4% $229,000 $263,750 + 15.2%
$197,500 $306,950 + 55.4% $313,172 $331,288 + 5.8%
85.8% 88.3% + 2.9% 92.9% 94.5% + 1.7%
220 106 - 51.8% 104 61 - 41.3%
12 10 - 16.7% -- -- --
* 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
+ 100%
All MLS
Northfield
b
a
+ 160%
+ 140%
+ 80%
+ 120%
+ 60%
+ 40%
+ 100%
+ 80%
+ 60%
+ 20%
0%
+ 40%
+ 20%
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.