Market Stats Booklet North Shore Market Stats Aug 2018 | Page 12

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
Skokie
+ 19.5% 0.0% + 9.7%
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 + / –
74 88 + 18.9% 821 905 + 10.2%
45 36 - 20.0% 470 463 - 1.5%
40 51 + 27.5% 480 465 - 3.1%
$316,250 $345,000 + 9.1% $319,250 $340,000 + 6.5%
$353,735 $377,857 + 6.8% $344,410 $365,925 + 6.2%
96.9% 96.1% - 0.8% 95.6% 95.2% - 0.4%
68 55 - 19.1% 77 73 - 5.2%
187 185 - 1.1% -- -- --
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 + / –
49 59 + 20.4% 481 492 + 2.3%
23 20 - 13.0% 294 253 - 13.9%
30 19 - 36.7% 304 257 - 15.5%
$177,550 $189,000 + 6.4% $182,750 $189,000 + 3.4%
$188,063 $190,524 + 1.3% $199,626 $200,417 + 0.4%
97.7% 96.6% - 1.1% 94.4% 94.7% + 0.3%
45 25 - 44.4% 83 63 - 24.1%
82 110 + 34.1% -- -- --
* 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.