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

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
Northfield
+ 20.0% - 44.4% + 15.4%
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 + / –
9 13 + 44.4% 134 169 + 26.1%
4 6 + 50.0% 71 65 - 8.5%
5 4 - 20.0% 73 60 - 17.8%
$475,000 $670,000 + 41.1% $620,000 $627,500 + 1.2%
$474,500 $769,625 + 62.2% $747,858 $769,425 + 2.9%
83.8% 96.2% + 14.8% 91.6% 92.5% + 1.0%
303 148 - 51.2% 160 119 - 25.6%
30 36 + 20.0% -- -- --
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 + / –
6 5 - 16.7% 58 54 - 6.9%
4 3 - 25.0% 49 32 - 34.7%
4 1 - 75.0% 46 34 - 26.1%
$232,250 $200,000 - 13.9% $263,250 $357,500 + 35.8%
$294,875 $200,000 - 32.2% $328,704 $376,468 + 14.5%
91.2% 88.9% - 2.5% 93.7% 94.0% + 0.3%
59 118 + 100.0% 76 67 - 11.8%
9 9 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
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.