Market Stats Booklet North Shore Market Stats January 2019 | Page 12

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
Skokie
+ 2.5% - 22.7% + 11.1%
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 + / –
51 50 - 2.0% 824 921 + 11.8%
35 31 - 11.4% 482 440 - 8.7%
25 25 0.0% 468 444 - 5.1%
$360,000 $347,500 - 3.5% $332,500 $338,250 + 1.7%
$348,696 $340,856 - 2.2% $354,275 $365,654 + 3.2%
95.5% 92.9% - 2.7% 95.1% 95.4% + 0.3%
74 103 + 39.2% 75 74 - 1.3%
101 106 + 5.0% -- -- --
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 + / –
29 32 + 10.3% 482 494 + 2.5%
13 17 + 30.8% 290 256 - 11.7%
19 9 - 52.6% 298 246 - 17.4%
$161,000 $185,000 + 14.9% $186,250 $190,000 + 2.0%
$198,036 $199,389 + 0.7% $203,671 $197,411 - 3.1%
94.1% 97.9% + 4.0% 94.7% 94.8% + 0.1%
104 52 - 50.0% 77 68 - 11.7%
61 74 + 21.3% -- -- --
* 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
Skokie
b
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15%
+ 10%
All MLS
Skokie
b
a
+ 30%
+ 20%
+ 5%
+ 10%
0%
- 5%
- 10%
- 15%
0%
- 10%
- 20%
- 20% - 30%
- 25%
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.