Market Stats Booklet Northshore Market Stats October 2018 | Page 6
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
Highland Park
+ 14.7% + 10.8% 0.0%
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 + / –
68 68 0.0% 937 935 - 0.2%
36 36 0.0% 429 428 - 0.2%
30 34 + 13.3% 431 423 - 1.9%
$462,500 $487,500 + 5.4% $515,000 $535,000 + 3.9%
$619,293 $573,017 - 7.5% $620,949 $583,802 - 6.0%
92.1% 90.8% - 1.4% 90.7% 91.5% + 0.9%
96 114 + 18.8% 132 139 + 5.3%
281 265 - 5.7% -- -- --
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 + / –
7 18 + 157.1% 200 211 + 5.5%
9 4 - 55.6% 112 95 - 15.2%
7 7 0.0% 109 98 - 10.1%
$668,500 $515,000 - 23.0% $319,000 $325,000 + 1.9%
$726,857 $434,929 - 40.2% $393,285 $363,974 - 7.5%
96.9% 84.3% - 13.0% 92.3% 91.6% - 0.8%
64 102 + 59.4% 136 141 + 3.7%
57 73 + 28.1% -- -- --
* 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
Highland Park
b
Attached Single-Family
a
All MLS
Highland Park
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 - 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
b
a
** 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.