Market Stats Booklet North Shore Market Stats February 2019 | Page 9

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
Lake Forest
- 5.5% - 25.0% + 4.4%
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 + / –
80 75 - 6.3% 655 701 + 7.0%
25 17 - 32.0% 287 275 - 4.2%
13 7 - 46.2% 290 274 - 5.5%
$755,000 $782,500 + 3.6% $842,000 $845,000 + 0.4%
$764,731 $783,707 + 2.5% $1,066,477 $1,005,119 - 5.8%
86.0% 86.7% + 0.8% 88.8% 89.1% + 0.3%
210 226 + 7.6% 190 205 + 7.9%
255 268 + 5.1% -- -- --
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 + / –
11 11 0.0% 131 127 - 3.1%
3 4 + 33.3% 76 76 0.0%
3 5 + 66.7% 68 66 - 2.9%
$535,000 $302,450 - 43.5% $397,750 $438,000 + 10.1%
$494,000 $350,990 - 28.9% $416,311 $504,791 + 21.3%
93.2% 89.9% - 3.5% 90.2% 91.4% + 1.3%
79 133 + 68.4% 145 142 - 2.1%
40 40 0.0% -- -- --
* 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
b
Attached Single-Family
a
+ 40%
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 1-2019
- 50%
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.