Market Stats Booklet Northshore Market Stats September 2018 Online V | Page 9

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
Lake Forest
- 15.6% - 29.0% - 4.9%
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 + / –
63 57 - 9.5% 653 675 + 3.4%
16 16 0.0% 273 287 + 5.1%
27 20 - 25.9% 297 279 - 6.1%
$815,000 $1,002,500 + 23.0% $820,000 $845,000 + 3.0%
$1,130,434 $1,215,825 + 7.6% $1,035,887 $1,024,664 - 1.1%
87.7% 86.8% - 1.0% 89.2% 89.2% 0.0%
134 211 + 57.5% 188 192 + 2.1%
321 302 - 5.9% -- -- --
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 + / –
14 8 - 42.9% 131 124 - 5.3%
8 7 - 12.5% 70 72 + 2.9%
4 2 - 50.0% 57 68 + 19.3%
$629,500 $572,500 - 9.1% $375,000 $438,000 + 16.8%
$568,500 $572,500 + 0.7% $437,674 $466,249 + 6.5%
82.6% 97.5% + 18.0% 89.4% 92.1% + 3.0%
103 41 - 60.2% 166 108 - 34.9%
46 47 + 2.2% -- -- --
* 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.