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
Skokie
Skokie
+ 20.0% - 15.5% - 22.0%
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
Trailing 12 Months
10-2015 10-2016 + / – 10-2015 10-2016 + / –
49 65 + 32.7% 820 868 + 5.9%
30 33 + 10.0% 487 527 + 8.2%
50 35 - 30.0% 508 509 + 0.2%
$286,250 $305,000 + 6.6% $282,500 $314,500 + 11.3%
$297,496 $334,472 + 12.4% $306,470 $340,052 + 11.0%
94.5% 95.3% + 0.8% 94.4% 95.3% + 1.0%
62 60 - 3.2% 84 77 - 8.3%
185 131 - 29.2% -- -- --
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 + / –
31 31 0.0% 465 457 - 1.7%
16 31 + 93.8% 285 268 - 6.0%
21 25 + 19.0% 291 253 - 13.1%
$160,000 $205,000 + 28.1% $149,000 $178,000 + 19.5%
$205,623 $234,100 + 13.8% $171,436 $197,325 + 15.1%
93.1% 94.8% + 1.8% 92.5% 94.2% + 1.8%
74 106 + 43.2% 74 93 + 25.7%
101 92 - 8.9% -- -- --
* 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
Skokie
b
Single-Family
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15% + 30%
+ 10%
All MLS
Skokie
b
a
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 20% - 30%
- 25%
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.