Market Stats Booklet North Shore Market Stats February 2019 | Page 11

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
Northfield
0.0% - 40.0% + 5.9%
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 + / –
20 19 - 5.0% 141 169 + 19.9%
9 6 - 33.3% 71 63 - 11.3%
1 3 + 200.0% 71 62 - 12.7%
$505,000 $786,000 + 55.6% $620,000 $641,500 + 3.5%
$505,000 $1,693,667 + 235.4% $752,494 $818,411 + 8.8%
93.5% 87.3% - 6.6% 91.8% 92.3% + 0.5%
108 231 + 113.9% 163 125 - 23.3%
39 44 + 12.8% -- -- --
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 + / –
4 5 + 25.0% 58 55 - 5.2%
0 3 -- 46 34 - 26.1%
4 0 - 100.0% 49 30 - 38.8%
$271,250 $0 - 100.0% $262,500 $407,500 + 55.2%
$285,000 $0 - 100.0% $322,457 $388,663 + 20.5%
95.8% 0.0% - 100.0% 93.9% 93.7% - 0.2%
92 0 - 100.0% 73 64 - 12.3%
12 10 - 16.7% -- -- --
* 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
Northfield
b
Attached Single-Family
a
+ 100%
All MLS
Northfield
b
a
+ 160%
+ 140%
+ 80%
+ 120%
+ 60%
+ 40%
+ 100%
+ 80%
+ 60%
+ 20%
0%
+ 40%
+ 20%
0%
- 20%
- 20%
- 40%
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.