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

Local Market Update – January 2019
LOCAL MARKET UPDATE
January 2019
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of February 14, 2019
CBHomes.com
Northbrook
- 7.1% - 24.2% + 7.7%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
January
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
1-2018 1-2019 + / – 1-2018 1-2019 + / –
73 69 - 5.5% 1,075 1,061 - 1.3%
25 26 + 4.0% 487 453 - 7.0%
18 12 - 33.3% 496 443 - 10.7%
$520,000 $615,000 + 18.3% $540,000 $570,000 + 5.6%
$517,014 $756,529 + 46.3% $614,322 $634,860 + 3.3%
91.8% 89.0% - 3.1% 93.4% 93.8% + 0.4%
165 206 + 24.8% 122 97 - 20.5%
152 165 + 8.6% -- -- --
January
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
1-2018 1-2019 + / – 1-2018 1-2019 + / –
39 35 - 10.3% 482 496 + 2.9%
16 19 + 18.8% 289 276 - 4.5%
15 13 - 13.3% 287 275 - 4.2%
$255,000 $288,000 + 12.9% $290,000 $310,000 + 6.9%
$317,540 $337,283 + 6.2% $321,660 $328,450 + 2.1%
90.7% 94.1% + 3.7% 94.2% 93.8% - 0.4%
92 88 - 4.3% 71 91 + 28.2%
82 87 + 6.1% -- -- --
* 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.