Local Market Update – October 2016
LOCAL MARKET UPDATE
October 2016
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2016
CBHomes.com
Northbrook
Northbrook
- 3.8% + 4.1% + 4.1%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
October
Detached
Detached Single-Family
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
10-2015 10-2016
69 31
Trailing 12 Months
+ / – 10-2015 10-2016 + / –
70 + 1.4% 826 1,001 + 21.2%
39 + 25.8% 430 461 + 7.2%
30 35 + 16.7% 451 454 + 0.7%
$509,500 $550,000 + 7.9% $545,000 $540,000 - 0.9%
$623,940 $627,011 + 0.5% $616,889 $594,336 - 3.7%
92.3% 92.5% + 0.2% 93.8% 93.6% - 0.2%
101 103 + 2.0% 94 90 - 4.3%
229 242 + 5.7% -- -- --
October
Attached
Attached Single-Family
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
10-2015 10-2016 + / – 10-2015 10-2016 + / –
35 30 - 14.3% 395 410 + 3.8%
19 25 + 31.6% 265 279 + 5.3%
19 16 - 15.8% 274 266 - 2.9%
$286,725 $274,500 - 4.3% $285,000 $300,000 + 5.3%
$289,749 $271,031 - 6.5% $303,481 $311,236 + 2.6%
96.1% 89.2% - 7.2% 93.7% 93.7% 0.0%
69 98 + 42.0% 70 88 + 25.7%
87 87 0.0% -- -- --
* 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
Single-Family
Detached
All MLS
Northbrook
b
Single-Family
Attached Single-Family
a
All MLS
Northbrook
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
** 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. Powered by ShowingTime 10K.