Market Stats Booklet North Shore Market Stats December | Page 10

Local Market Update – December 2018
LOCAL MARKET UPDATE
December 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2019
CBHomes.com
Northbrook
+ 12.5% - 20.8% + 20.8%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
December
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
12-2017 12-2018 + / – 12-2017 12-2018 + / –
29 26 - 10.3% 1,068 1,065 - 0.3%
16 24 + 50.0% 494 453 - 8.3%
31 29 - 6.5% 496 448 - 9.7%
$560,000 $540,000 - 3.6% $540,000 $569,000 + 5.4%
$591,146 $598,996 + 1.3% $615,574 $627,616 + 2.0%
93.4% 91.9% - 1.6% 93.5% 93.9% + 0.4%
127 103 - 18.9% 118 97 - 17.8%
140 169 + 20.7% -- -- --
December
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
12-2017 12-2018 + / – 12-2017 12-2018 + / –
11 19 + 72.7% 473 500 + 5.7%
12 13 + 8.3% 283 273 - 3.5%
22 13 - 40.9% 293 277 - 5.5%
$308,000 $278,500 - 9.6% $290,000 $306,000 + 5.5%
$332,401 $296,500 - 10.8% $318,578 $327,445 + 2.8%
93.5% 88.2% - 5.7% 94.2% 93.6% - 0.6%
71 83 + 16.9% 72 91 + 26.4%
72 87 + 20.8% -- -- --
* 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 © 2019 ShowingTime.