Market Stats Booklet North Shore Market Stats Aug 2018 | Page 11

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
Northfield
+ 120.0% - 55.6% + 7.0%
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 + / –
4 13 + 225.0% 138 154 + 11.6%
5 5 0.0% 68 64 - 5.9%
14 7 - 50.0% 62 67 + 8.1%
$705,000 $850,000 + 20.6% $619,500 $625,000 + 0.9%
$965,500 $722,143 - 25.2% $784,545 $742,552 - 5.4%
90.6% 91.1% + 0.6% 92.0% 91.2% - 0.9%
122 97 - 20.5% 143 142 - 0.7%
47 53 + 12.8% -- -- --
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 + / –
6 9 + 50.0% 49 56 + 14.3%
4 5 + 25.0% 43 39 - 9.3%
4 1 - 75.0% 37 42 + 13.5%
$422,500 $575,000 + 36.1% $227,500 $300,250 + 32.0%
$457,750 $575,000 + 25.6% $299,484 $351,974 + 17.5%
93.7% 95.0% + 1.4% 93.1% 93.8% + 0.8%
72 8 - 88.9% 102 59 - 42.2%
10 8 - 20.0% -- -- --
* 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
Northfield
+ 100%
b
Attached Single-Family
a
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.