Market Stats Booklet Northshore Market Stats Book JULY 2018 | Page 2

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
Deerfield
+ 12.5% + 25.9% - 19.0%
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 49 58 + 18.4% 585 587 + 0.3%
21 30 + 42.9% 227 276 + 21.6%
21 23 + 9.5% 237 262 + 10.5%
$630,000 $475,000 - 24.6% $510,500 $481,750 - 5.6%
$642,814 $528,614 - 17.8% $581,782 $546,867 - 6.0%
94.5% 94.3% - 0.2% 93.3% 93.0% - 0.3%
64 192 + 200.0% 122 133 + 9.0%
183 153 - 16.4% -- -- --
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
7-2017 7-2018 + / – 7-2017 7-2018 + / –
15 14 - 6.7% 149 155 + 4.0%
6 8 + 33.3% 96 112 + 16.7%
6 11 + 83.3% 106 112 + 5.7%
$277,500 $275,000 - 0.9% $232,500 $248,050 + 6.7%
$264,133 $275,636 + 4.4% $251,781 $266,864 + 6.0%
96.4% 94.9% - 1.6% 95.7% 94.4% - 1.4%
39 34 - 12.8% 59 79 + 33.9%
33 22 - 33.3% -- -- --
* 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
Deerfield
+ 40%
b
Attached Single-Family
a
All MLS
Deerfield
+ 80%
+ 30%
+ 60%
+ 20%
+ 10%
+ 40%
0%
+ 20%
- 10%
- 20%
0%
- 30%
- 20%
- 40%
- 50%
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.
b
a