Market Stats Booklet North Shore Market Stats November | Page 11

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
Northfield
+ 116.7% - 45.5% + 20.0%
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 + / –
5 9 + 80.0% 135 165 + 22.2%
5 1 - 80.0% 70 61 - 12.9%
9 4 - 55.6% 71 62 - 12.7%
$648,000 $676,250 + 4.4% $630,000 $583,000 - 7.5%
$748,500 $602,000 - 19.6% $765,182 $730,540 - 4.5%
88.9% 95.7% + 7.6% 91.4% 92.3% + 1.0%
128 106 - 17.2% 148 134 - 9.5%
35 45 + 28.6% -- -- --
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 + / –
1 4 + 300.0% 56 56 0.0%
1 2 + 100.0% 45 37 - 17.8%
2 2 0.0% 47 36 - 23.4%
$164,000 $368,000 + 124.4% $234,000 $393,750 + 68.3%
$164,000 $368,000 + 124.4% $306,349 $395,164 + 29.0%
100.8% 95.7% - 5.1% 93.7% 93.8% + 0.1%
10 27 + 170.0% 82 69 - 15.9%
10 9 - 10.0% -- -- --
* 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
+ 100%
b
Attached Single-Family
a
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
- 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.