Market Stats Booklet North Shore Market Stats March 2019 | Page 8

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
Lake Bluff
+ 16.7% - 16.7% + 19.5%
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 + / –
21 24 + 14.3% 252 269 + 6.7%
13 16 + 23.1% 126 124 - 1.6%
8 6 - 25.0% 135 125 - 7.4%
$579,000 $772,000 + 33.3% $570,500 $527,000 - 7.6%
$712,750 $990,483 + 39.0% $615,695 $645,000 + 4.8%
94.8% 85.7% - 9.6% 92.8% 91.7% - 1.2%
71 175 + 146.5% 116 131 + 12.9%
73 90 + 23.3% -- -- --
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 + / –
9 11 + 22.2% 69 65 - 5.8%
5 4 - 20.0% 44 51 + 15.9%
4 4 0.0% 44 49 + 11.4%
$196,500 $334,000 + 70.0% $212,500 $207,000 - 2.6%
$181,750 $335,000 + 84.3% $254,197 $240,374 - 5.4%
96.6% 94.5% - 2.2% 94.1% 93.9% - 0.2%
141 65 - 53.9% 59 59 0.0%
14 14 0.0% -- -- --
* 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
Lake Bluff
b
Attached Single-Family
a
+ 80%
+ 60%
All MLS
Lake Bluff
b
a
+ 200%
+ 150%
+ 40%
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 40%
- 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
- 50%
- 100%
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.