Market Stats Booklet North Shore Market Stats November | Page 9

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
Lake Forest
+ 54.2% + 26.7% + 2.0%
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 + / –
23 26 + 13.0% 642 682 + 6.2%
23 15 - 34.8% 285 271 - 4.9%
13 15 + 15.4% 283 284 + 0.4%
+ 0.2%
$740,000 $650,000 - 12.2% $839,700 $841,250 $1,241,215 $864,150 - 30.4% $1,043,694 $1,025,650 - 1.7%
85.9% 82.1% - 4.4% 88.9% 89.1% + 0.2%
214 300 + 40.2% 190 203 + 6.8%
251 261 + 4.0% -- -- --
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 11 + 1,000.0% 133 125 - 6.0%
5 5 0.0% 70 73 + 4.3%
2 4 + 100.0% 65 62 - 4.6%
$282,500 $464,625 + 64.5% $400,000 $438,000 + 9.5%
$282,500 $650,625 + 130.3% $449,118 $481,676 + 7.2%
91.6% 92.3% + 0.8% 90.1% 91.9% + 2.0%
30 123 + 310.0% 157 122 - 22.3%
49 45 - 8.2% -- -- --
* 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
+ 40%
b
Attached Single-Family
a
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
- 50%
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.