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

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 Forest
- 8.5% + 20.0% - 1.3%
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 + / –
63 62 - 1.6% 649 705 + 8.6%
26 32 + 23.1% 287 282 - 1.7%
26 27 + 3.8% 300 275 - 8.3%
$925,000 $845,500 - 8.6% $847,500 $842,500 - 0.6%
$1,165,173 $945,320 - 18.9% $1,090,655 $984,116 - 9.8%
88.5% 87.1% - 1.6% 88.8% 89.0% + 0.2%
266 135 - 49.2% 201 192 - 4.5%
273 270 - 1.1% -- -- --
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 + / –
19 13 - 31.6% 137 121 - 11.7%
10 4 - 60.0% 79 69 - 12.7%
4 9 + 125.0% 69 71 + 2.9%
$686,250 $610,800 - 11.0% $400,000 $475,000 + 18.8%
$624,000 $631,034 + 1.1% $429,447 $514,116 + 19.7%
94.2% 95.5% + 1.4% 90.7% 91.8% + 1.2%
186 179 - 3.8% 138 144 + 4.3%
44 43 - 2.3% -- -- --
* 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.