Market Stats Booklet May 2018 Market Stat | Page 12

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
Skokie
+ 19.1% - 13.8% - 6.9%
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 + / –
73 84 + 15.1% 800 842 + 5.3%
49 55 + 12.2% 494 488 - 1.2%
39 42 + 7.7% 513 481 - 6.2%
$320,000 $314,750 - 1.6% $315,000 $335,000 + 6.3%
$343,266 $359,973 + 4.9% $344,461 $360,106 + 4.5%
95.1% 96.4% + 1.4% 95.3% 95.4% + 0.1%
105 89 - 15.2% 80 74 - 7.5%
128 128 0.0% -- -- --
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 + / –
42 53 + 26.2% 467 473 + 1.3%
39 34 - 12.8% 274 277 + 1.1%
26 14 - 46.2% 258 289 + 12.0%
$186,500 $178,500 - 4.3% $180,000 $190,000 + 5.6%
$219,739 $200,663 - 8.7% $195,298 $203,688 + 4.3%
95.4% 96.0% + 0.6% 94.0% 94.7% + 0.7%
125 85 - 32.0% 99 70 - 29.3%
89 74 - 16.9% -- -- --
* 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%
+ 10%
All MLS
Skokie
b
a
+ 30%
+ 20%
+ 5%
+ 10%
0%
- 5%
- 10%
- 15%
0%
- 10%
- 20%
- 20% - 30%
- 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.