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

Local Market Update – March 2019
LOCAL MARKET UPDATE
March 2019
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 13, 2019
CBHomes.com
Northbrook
+ 24.7% - 9.8% + 8.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
March
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
3-2018 3-2019 + / – 3-2018 3-2019 + / –
101 127 + 25.7% 1,026 1,095 + 6.7%
55 44 - 20.0% 474 443 - 6.5%
29 28 - 3.4% 484 448 - 7.4%
$582,000 $650,000 + 11.7% $535,000 $575,000 + 7.5%
$633,816 $671,054 + 5.9% $601,499 $640,075 + 6.4%
93.8% 94.8% + 1.1% 93.7% 93.6% - 0.1%
108 121 + 12.0% 112 104 - 7.1%
212 234 + 10.4% -- -- --
March
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
3-2018 3-2019 + / – 3-2018 3-2019 + / –
45 55 + 22.2% 480 499 + 4.0%
28 32 + 14.3% 279 273 - 2.2%
22 18 - 18.2% 291 270 - 7.2%
$247,500 $250,000 + 1.0% $287,500 $309,000 + 7.5%
$293,353 $297,151 + 1.3% $323,127 $323,446 + 0.1%
90.7% 94.3% + 4.0% 94.2% 93.8% - 0.4%
114 74 - 35.1% 73 87 + 19.2%
94 97 + 3.2% -- -- --
* 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.