Market Stats Booklet North Shore Market Stats Aug 2018 | Page 6

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
Highland Park
+ 1.2% + 3.4% - 2.1%
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 + / –
69 68 - 1.4% 930 943 + 1.4%
33 27 - 18.2% 430 425 - 1.2%
50 46 - 8.0% 438 419 - 4.3%
$541,225 $612,250 + 13.1% $525,000 $530,000 + 1.0%
$600,379 $715,239 + 19.1% $620,685 $588,025 - 5.3%
90.3% 89.9% - 0.4% 90.5% 91.5% + 1.1%
117 146 + 24.8% 132 141 + 6.8%
308 301 - 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 + / –
15 17 + 13.3% 220 194 - 11.8%
4 6 + 50.0% 113 99 - 12.4%
8 14 + 75.0% 112 103 - 8.0%
$312,500 $342,500 + 9.6% $282,000 $320,000 + 13.5%
$391,350 $387,286 - 1.0% $347,012 $379,333 + 9.3%
92.1% 89.7% - 2.6% 92.1% 92.4% + 0.3%
128 195 + 52.3% 130 132 + 1.5%
65 64 - 1.5% -- -- --
* 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
Highland Park
b
Attached Single-Family
a
All MLS
Highland Park
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 - 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
b
a
** 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