Market Stats Booklet May 2018 Market Stat | Page 9

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
Lake Forest
+ 4.3% - 4.3% - 8.2%
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 + / –
77 81 + 5.2% 688 650 - 5.5%
31 35 + 12.9% 280 294 + 5.0%
22 14 - 36.4% 274 292 + 6.6%
$865,000 $922,500 + 6.6% $800,000 $845,000 + 5.6%
$1,175,369 $931,718 - 20.7% $989,613 $1,076,653 + 8.8%
91.1% 92.0% + 1.0% 89.1% 88.8% - 0.3%
281 108 - 61.6% 180 190 + 5.6%
318 287 - 9.7% -- -- --
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 + / –
16 16 0.0% 106 137 + 29.2%
9 7 - 22.2% 51 77 + 51.0%
1 8 + 700.0% 43 76 + 76.7%
$505,000 $557,500 + 10.4% $360,000 $409,950 + 13.9%
$505,000 $559,188 + 10.7% $479,630 $442,109 - 7.8%
95.3% 91.8% - 3.7% 92.1% 90.7% - 1.5%
58 164 + 182.8% 148 142 - 4.1%
49 50 + 2.0% -- -- --
* 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 Forest
+ 40%
b
Attached Single-Family
a
All MLS
Lake Forest
b
a
+ 200%
+ 30%
+ 150%
+ 20%
+ 10%
0%
+ 100%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 50%
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.