Market Stats Booklet Northshore Market Stats October 2018 | Page 12

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
Skokie
+ 1.9% + 9.6% + 1.9%
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 + / –
63 72 + 14.3% 829 926 + 11.7%
39 44 + 12.8% 465 460 - 1.1%
34 35 + 2.9% 477 458 - 4.0%
$324,500 $345,000 + 6.3% $324,000 $344,500 + 6.3%
$348,601 $407,247 + 16.8% $350,250 $370,237 + 5.7%
94.7% 96.2% + 1.6% 95.4% 95.3% - 0.1%
66 41 - 37.9% 76 74 - 2.6%
172 168 - 2.3% -- -- --
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 + / –
42 35 - 16.7% 493 488 - 1.0%
15 20 + 33.3% 291 267 - 8.2%
18 22 + 22.2% 301 255 - 15.3%
$199,878 $196,643 - 1.6% $185,000 $190,000 + 2.7%
$206,425 $196,736 - 4.7% $200,711 $198,352 - 1.2%
94.0% 95.4% + 1.5% 94.3% 94.8% + 0.5%
46 69 + 50.0% 80 64 - 20.0%
87 96 + 10.3% -- -- --
* 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
Skokie
b
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15%
+ 10%
All MLS
Skokie
b
a
+ 30%
+ 20%
+ 5%
+ 10%
0%
- 5%
- 10%
- 15%
0%
- 10%
- 20%
- 20% - 30%
- 25%
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.