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

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
Lake Forest
+ 25.9% + 15.8% + 2.7%
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 + / –
53 67 + 26.4% 638 704 + 10.3%
16 20 + 25.0% 282 282 0.0%
14 17 + 21.4% 285 280 - 1.8%
$1,228,750 $1,070,000 - 12.9% $855,000 $841,250 - 1.6%
$1,455,893 $1,126,324 - 22.6% $1,087,593 $999,494 - 8.1%
84.0% 86.9% + 3.5% 88.8% 89.1% + 0.3%
258 204 - 20.9% 194 205 + 5.7%
224 233 + 4.0% -- -- --
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 + / –
5 6 + 20.0% 129 127 - 1.6%
7 6 - 14.3% 77 76 - 1.3%
5 5 0.0% 69 64 - 7.2%
$285,000 $365,000 + 28.1% $359,000 $495,000 + 37.9%
$383,700 $485,900 + 26.6% $417,191 $516,300 + 23.8%
92.7% 86.9% - 6.3% 90.1% 91.6% + 1.7%
99 166 + 67.7% 152 140 - 7.9%
38 36 - 5.3% -- -- --
* 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
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.