Market Stats Booklet North Shore Market Stats Aug 2018 | Page 10

Local Market Update – August 2018
LOCAL MARKET UPDATE
August 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2018
CBHomes.com
Northbrook
+ 2.2% - 12.2% + 5.9%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
August
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
8-2017 8-2018 + / – 8-2017 8-2018 + / –
76 95 + 25.0% 1,093 1,037 - 5.1%
34 39 + 14.7% 471 466 - 1.1%
51 48 - 5.9% 479 455 - 5.0%
$588,250 $567,500 - 3.5% $550,000 $561,000 + 2.0%
$628,383 $622,108 - 1.0% $615,505 $623,342 + 1.3%
95.4% 94.8% - 0.6% 93.4% 93.7% + 0.3%
85 64 - 24.7% 115 101 - 12.2%
259 265 + 2.3% -- -- --
August
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
8-2017 8-2018 + / – 8-2017 8-2018 + / –
58 42 - 27.6% 459 483 + 5.2%
30 24 - 20.0% 285 288 + 1.1%
+ 8.9%
31 24 - 22.6% 269 293 $320,000 $325,000 + 1.6% $295,000 $295,000 0.0%
$327,147 $329,604 + 0.8% $317,910 $326,087 + 2.6%
95.0% 93.0% - 2.1% 93.8% 94.1% + 0.3%
46 123 + 167.4% 73 86 + 17.8%
95 110 + 15.8% -- -- --
* 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.