Market Stats Booklet Northshore Market Stats Book JULY 2018 | Page 10

Local Market Update – July 2018
LOCAL MARKET UPDATE
July 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of August 14, 2018
CBHomes.com
Northbrook
+ 2.2% + 23.3% + 4.1%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
July
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
7-2017 7-2018 + / – 7-2017 7-2018 + / –
90 99 + 10.0% 1,091 1,017 - 6.8%
34 46 + 35.3% 480 464 - 3.3%
49 57 + 16.3% 479 458 - 4.4%
$475,000 $650,000 + 36.8% $545,000 $569,000 + 4.4%
$560,687 $688,441 + 22.8% $611,140 $624,033 + 2.1%
93.7% 95.2% + 1.6% 93.3% 93.8% + 0.5%
118 92 - 22.0% 114 103 - 9.6%
270 274 + 1.5% -- -- --
7-2017 7-2018 + / – 7-2017 7-2018 + / –
48 42 - 12.5% 432 499 + 15.5%
32 28 - 12.5% 274 293 + 6.9%
+ 11.9%
July
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
24 33 + 37.5% 268 300 $329,750 $325,000 - 1.4% $296,000 $294,000 - 0.7%
$368,339 $338,467 - 8.1% $317,811 $325,916 + 2.6%
97.2% 95.4% - 1.9% 93.7% 94.3% + 0.6%
43 90 + 109.3% 76 79 + 3.9%
93 104 + 11.8% -- -- --
* 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.