Market Stats Booklet May2017 Market Stats | Page 10

Local Market Update – April 2017
LOCAL MARKET UPDATE
April 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of May 14, 2017
CBHomes.com
Northbrook
Northbrook
+ 13.5% + 8.2% + 8.5%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
April
Detached
Detached Single-Family
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
4-2016 4-2017 + / – 4-2016 4-2017 + / –
102 115 + 12.7% 955 1,061 + 11.1%
49 66 + 34.7% 467 484 + 3.6%
33 42 + 27.3% 431 469 + 8.8%
$510,000 $509,000 - 0.2% $539,125 $545,000 + 1.1%
$577,094 $570,219 - 1.2% $601,681 $618,618 + 2.8%
94.1% 94.3% + 0.2% 94.0% 93.3% - 0.7%
83 136 + 63.9% 85 109 + 28.2%
233 251 + 7.7% -- -- --
April
Attached Single-Family
Single-Family
Attached
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
4-2016 4-2017 + / – 4-2016 4-2017 + / –
39 45 + 15.4% 412 429 + 4.1%
30 31 + 3.3% 276 289 + 4.7%
28 24 - 14.3% 266 276 + 3.8%
$342,500 $253,000 - 26.1% $295,000 $290,500 - 1.5%
$350,082 $272,029 - 22.3% $311,374 $301,655 - 3.1%
93.4% 94.5% + 1.2% 93.7% 93.5% - 0.2%
105 92 - 12.4% 83 82 - 1.2%
73 81 + 11.0% -- -- --
* 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
Detached Single-Family
All MLS
Northbrook
b
Attached Single-Family
Attached Single-Family
All MLS
Northbrook
a
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** 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 © 2017 ShowingTime.