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

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
Skokie
+ 4.1% - 23.1% + 11.8%
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 + / –
83 79 - 4.8% 831 908 + 9.3%
54 49 - 9.3% 479 436 - 9.0%
40 33 - 17.5% 478 444 - 7.1%
$351,000 $355,000 + 1.1% $339,000 $333,750 - 1.5%
$373,026 $372,009 - 0.3% $358,744 $362,217 + 1.0%
95.4% 94.0% - 1.5% 95.2% 95.2% 0.0%
79 85 + 7.6% 75 72 - 4.0%
125 121 - 3.2% -- -- --
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 + / –
40 49 + 22.5% 463 520 + 12.3%
17 30 + 76.5% 282 255 - 9.6%
25 17 - 32.0% 302 237 - 21.5%
$190,000 $200,000 + 5.3% $189,500 $190,000 + 0.3%
$207,644 $185,918 - 10.5% $205,049 $196,174 - 4.3%
95.0% 94.7% - 0.3% 94.7% 94.8% + 0.1%
85 82 - 3.5% 75 67 - 10.7%
70 97 + 38.6% -- -- --
* 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.