Market Stats Booklet North Shore Market Stats November | Page 10

Local Market Update – November 2018
LOCAL MARKET UPDATE
November 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of December 14, 2018
CBHomes.com
Northbrook
+ 51.9% - 4.9% + 18.9%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
November
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
11-2017 11-2018 + / – 11-2017 11-2018 + / –
33 52 + 57.6% 1,069 1,067 - 0.2%
23 21 - 8.7% 503 449 - 10.7%
40 40 0.0% 496 450 - 9.3%
$488,000 $548,500 + 12.4% $540,000 $570,000 + 5.6%
$590,391 $610,835 + 3.5% $616,665 $626,948 + 1.7%
89.8% 92.4% + 2.9% 93.2% 94.0% + 0.9%
155 113 - 27.1% 117 98 - 16.2%
179 207 + 15.6% -- -- --
November
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
11-2017 11-2018 + / – 11-2017 11-2018 + / –
21 30 + 42.9% 472 492 + 4.2%
15 15 0.0% 294 274 - 6.8%
21 18 - 14.3% 284 286 + 0.7%
$290,000 $377,500 + 30.2% $291,250 $307,000 + 5.4%
$297,805 $383,225 + 28.7% $319,555 $329,233 + 3.0%
92.6% 93.0% + 0.4% 94.1% 93.9% - 0.2%
78 69 - 11.5% 72 90 + 25.0%
80 101 + 26.3% -- -- --
* 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
Northbrook
+ 40%
b
Attached Single-Family
a
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
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
** 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 © 2018 ShowingTime.