Market Stats Booklet North Shore Market Stats November | Page 6

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
Highland Park
- 51.5% - 8.2% - 10.2%
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 + / –
51 24 - 52.9% 936 909 - 2.9%
22 18 - 18.2% 435 424 - 2.5%
38 38 0.0% 447 423 - 5.4%
$441,500 $579,235 + 31.2% $515,000 $545,000 + 5.8%
$510,168 $695,009 + 36.2% $609,179 $600,407 - 1.4%
91.1% 90.0% - 1.2% 91.0% 91.4% + 0.4%
104 130 + 25.0% 129 141 + 9.3%
264 216 - 18.2% -- -- --
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 + / –
15 8 - 46.7% 199 204 + 2.5%
5 6 + 20.0% 112 96 - 14.3%
11 7 - 36.4% 117 94 - 19.7%
$260,500 $317,500 + 21.9% $318,500 $322,500 + 1.3%
$289,045 $290,700 + 0.6% $376,417 $367,286 - 2.4%
88.0% 90.6% + 3.0% 92.0% 91.9% - 0.1%
164 192 + 17.1% 133 142 + 6.8%
51 67 + 31.4% -- -- --
* 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
Highland Park
b
Attached Single-Family
a
All MLS
Highland Park
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 - 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
b
a
** 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.