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
Deerfield
- 27.5% - 7.4% - 10.1%
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
10-2017 10-2018
54 38
23 27
Trailing 12 Months
+ / –
10-2017 10-2018 - 29.6% 608 598 - 1.6%
+ 17.4% 231 271 + 17.3%
16 17 + 6.3% 227 263 + 15.9%
$377,500 $539,999 + 43.0% $506,250 $500,000 - 1.2%
$444,669 $539,009 + 21.2% $576,354 $558,129 - 3.2%
88.0% 89.2% + 1.4% 93.2% 93.0% - 0.2%
137 121 - 11.7% 123 129 + 4.9%
152 144 - 5.3% -- -- --
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 + / –
15 12 - 20.0% 166 143 - 13.9%
7 7 0.0% 98 107 + 9.2%
11 8 - 27.3% 95 108 + 13.7%
$228,000 $201,250 - 11.7% $235,000 $256,500 + 9.1%
$253,818 $227,688 - 10.3% $255,868 $270,217 + 5.6%
94.3% 96.2% + 2.0% 95.6% 94.4% - 1.3%
56 27 - 51.8% 59 79 + 33.9%
37 26 - 29.7% -- -- --
* 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