Market Stats Booklet Northshore Market Stats October 2018 | Page 10

Local Market Update – October 2018
LOCAL MARKET UPDATE
October 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2018
CBHomes.com
Northbrook
+ 50.7% - 10.8% + 16.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
October
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
10-2017 10-2018 + / – 10-2017 10-2018 + / –
46 74 + 60.9% 1,074 1,048 - 2.4%
43 40 - 7.0% 505 452 - 10.5%
40 38 - 5.0% 488 450 - 7.8%
$526,250 $461,000 - 12.4% $540,000 $567,500 + 5.1%
$654,656 $573,129 - 12.5% $617,081 $625,131 + 1.3%
92.7% 91.6% - 1.2% 93.4% 93.8% + 0.4%
113 115 + 1.8% 115 102 - 11.3%
209 229 + 9.6% -- -- --
October
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
10-2017 10-2018 + / – 10-2017 10-2018 + / –
29 39 + 34.5% 472 483 + 2.3%
27 15 - 44.4% 289 274 - 5.2%
25 20 - 20.0% 288 289 + 0.3%
$328,000 $314,500 - 4.1% $295,000 $297,000 + 0.7%
$318,922 $289,800 - 9.1% $321,109 $323,586 + 0.8%
92.0% 93.0% + 1.1% 94.1% 93.8% - 0.3%
80 121 + 51.3% 72 90 + 25.0%
88 116 + 31.8% -- -- --
* 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.