Market Stats Booklet Northshore Market Stats Book JULY 2018 | Page 9

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
Lake Forest
+ 35.9% - 24.5% - 0.8%
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 + / –
51 62 + 21.6% 659 667 + 1.2%
27 24 - 11.1% 282 280 - 0.7%
41 30 - 26.8% 291 286 - 1.7%
$900,000 $848,750 - 5.7% $829,650 $829,950 + 0.0%
$1,011,153 $971,858 - 3.9% $1,024,223 $1,026,207 + 0.2%
89.0% 90.0% + 1.1% 89.3% 89.1% - 0.2%
196 211 + 7.7% 190 193 + 1.6%
319 312 - 2.2% -- -- --
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 + / –
13 25 + 92.3% 115 136 + 18.3%
8 11 + 37 .5% 61 76 + 24.6%
8 7 - 12.5% 52 70 + 34.6%
$372,000 $362,500 - 2.6% $367,000 $420,000 + 14.4%
$366,125 $456,286 + 24.6% $450,950 $456,606 + 1.3%
90.7% 90.2% - 0.6% 89.4% 91.7% + 2.6%
214 131 - 38.8% 184 99 - 46.2%
47 51 + 8.5% -- -- --
* 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.