Market Stats Booklet Northshore Market Stats September 2018 Online V | Page 11

Local Market Update – September 2018
LOCAL MARKET UPDATE
September 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of October 14, 2018
CBHomes.com
Northfield
+ 27.8% - 27.3% + 14.3%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
September
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
9-2017 9-2018 + / – 9-2017 9-2018 + / –
9 17 + 88.9% 131 162 + 23.7%
4 6 + 50.0% 70 66 - 5.7%
3 2 - 33.3% 63 66 + 4.8%
$720,000 $507,500 - 29.5% $620,000 $618,750 - 0.2%
$681,667 $507,500 - 25.6% $786,457 $738,197 - 6.1%
89.4% 85.2% - 4.7% 91.7% 91.1% - 0.7%
224 93 - 58.5% 150 137 - 8.7%
45 54 + 20.0% -- -- --
September
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
9-2017 9-2018 + / – 9-2017 9-2018 + / –
9 6 - 33.3% 55 53 - 3.6%
6 3 - 50.0% 47 36 - 23.4%
8 6 - 25.0% 44 40 - 9.1%
$329,000 $486,250 + 47.8% $231,500 $318,250 + 37.5%
$375,688 $443,583 + 18.1% $316,032 $360,973 + 14.2%
93.0% 93.4% + 0.4% 93.0% 93.9% + 1.0%
46 101 + 119.6% 94 68 - 27.7%
11 10 - 9.1% -- -- --
* 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
Northfield
+ 100%
b
Attached Single-Family
a
All MLS
Northfield
b
a
+ 160%
+ 140%
+ 80%
+ 120%
+ 60%
+ 40%
+ 100%
+ 80%
+ 60%
+ 20%
0%
+ 40%
+ 20%
0%
- 20%
- 20%
- 40%
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.