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

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
Northfield
0.0% + 12.5% 0.0%
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 + / –
13 11 - 15.4% 144 166 + 15.3%
8 6 - 25.0% 74 62 - 16.2%
7 7 0.0% 76 62 - 18.4%
$715,000 $955,000 + 33.6% $623,750 $676,250 + 8.4%
$999,643 $878,429 - 12.1% $779,468 $804,726 + 3.2%
88.3% 91.5% + 3.6% 91.4% 92.6% + 1.3%
214 167 - 22.0% 167 119 - 28.7%
41 43 + 4.9% -- -- --
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 + / –
1 3 + 200.0% 56 57 + 1.8%
2 3 + 50.0% 45 35 - 22.2%
1 2 + 100.0% 48 31 - 35.4%
$187,000 $201,250 + 7.6% $263,250 $390,000 + 48.1%
$187,000 $201,250 + 7.6% $326,727 $383,077 + 17.2%
94.0% 95.0% + 1.1% 94.4% 93.8% - 0.6%
10 105 + 950.0% 66 68 + 3.0%
10 8 - 20.0% -- -- --
* 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.