Market Stats Booklet Northshore Market Stats October 2018 | Page 9

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
Lake Forest
- 12.8% - 18.8% - 4.0%
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 + / –
35 38 + 8.6% 644 679 + 5.4%
23 16 - 30.4% 277 280 + 1.1%
19 21 + 10.5% 294 281 - 4.4%
$856,500 $890,000 + 3.9% $829,950 $845,000 + 1.8%
$846,958 $1,089,595 + 28.6% $1,027,156 $1,041,532 + 1.4%
88.5% 89.0% + 0.6% 89.1% 89.2% + 0.1%
127 223 + 75.6% 186 198 + 6.5%
294 288 - 2.0% -- -- --
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 + / –
12 3 - 75.0% 133 115 - 13.5%
1 2 + 100.0% 66 73 + 10.6%
13 5 - 61.5% 67 60 - 10.4%
$520,000 $416,000 - 20.0% $398,000 $427,500 + 7.4%
$492,269 $504,200 + 2.4% $442,805 $463,773 + 4.7%
93.5% 92.1% - 1.5% 89.9% 91.8% + 2.1%
81 170 + 109.9% 156 119 - 23.7%
54 46 - 14.8% -- -- --
* 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
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.