Market Stats Booklet North Shore Market Stats December | Page 9

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
Lake Forest
+ 39.1% - 25.0% - 1.9%
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 + / –
15 24 + 60.0% 643 691 + 7.5%
10 18 + 80.0% 287 278 - 3.1%
21 13 - 38.1% 280 277 - 1.1%
$1,035,000 $929,000 - 10.2% $845,000 $845,000 0.0%
$1,144,024 $973,692 - 14.9% $1,064,322 $1,014,777 - 4.7%
90.4% 87.9% - 2.8% 89.1% 88.9% - 0.2%
162 231 + 42.6% 189 207 + 9.5%
218 221 + 1.4% -- -- --
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 + / –
8 8 0.0% 137 125 - 8.8%
5 10 + 100.0% 73 77 + 5.5%
3 5 + 66.7% 65 64 - 1.5%
$150,000 $779,900 + 419.9% $397,500 $517,500 + 30.2%
$206,833 $657,765 + 218.0% $422,503 $508,316 + 20.3%
86.7% 91.2% + 5.2% 90.0% 92.1% + 2.3%
178 309 + 73.6% 154 134 - 13.0%
45 37 - 17.8% -- -- --
* 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
Lake Forest
+ 40%
b
Attached Single-Family
a
All MLS
Lake Forest
b
a
+ 200%
+ 30%
+ 150%
+ 20%
+ 10%
0%
+ 100%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 50%
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.