Market Stats Booklet North Shore Market Stats February 2019 | Page 10

Local Market Update – February 2019
LOCAL MARKET UPDATE
February 2019
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2019
CBHomes.com
Northbrook
- 1.4% + 14.7% + 2.5%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
February
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
2-2018 2-2019 + / – 2-2018 2-2019 + / –
97 103 + 6.2% 1,062 1,068 + 0.6%
34 37 + 8.8% 476 454 - 4.6%
18 24 + 33.3% 491 449 - 8.6%
$450,750 $587,500 + 30.3% $532,000 $575,000 + 8.1%
$535,489 $614,189 + 14.7% $602,224 $637,739 + 5.9%
95.3% 89.7% - 5.9% 93.7% 93.6% - 0.1%
88 194 + 120.5% 117 103 - 12.0%
187 190 + 1.6% -- -- --
February
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
2-2018 2-2019 + / – 2-2018 2-2019 + / –
44 36 - 18.2% 486 488 + 0.4%
25 22 - 12.0% 284 269 - 5.3%
16 15 - 6.3% 289 274 - 5.2%
$346,000 $282,500 - 18.4% $292,500 $306,500 + 4.8%
$360,865 $259,033 - 28.2% $327,193 $322,757 - 1.4%
96.3% 90.6% - 5.9% 94.5% 93.5% - 1.1%
111 109 - 1.8% 72 90 + 25.0%
90 94 + 4.4% -- -- --
* 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
b
Attached Single-Family
a
+ 40%
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 1-2019
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
** 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.