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
Wilmette
Wilmette
- 5.5% + 12.5% + 4.7%
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 + / –
46 38 - 17.4% 702 729 + 3.8%
30 27 - 10.0% 368 387 + 5.2%
28 24 - 14.3% 364 391 + 7.4%
$843,500 $660,000 - 21.8% $745,000 $736,000 - 1.2%
$948,357 $838,645 - 11.6% $866,929 $866,151 - 0.1%
94.1% 92.0% - 2.2% 94.4% 93.4% - 1.1%
79 130 + 64.6% 66 98 + 48.5%
157 161 + 2.5% -- -- --
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 + / –
9 14 + 55.6% 120 149 + 24.2%
8 6 - 25.0% 84 101 + 20.2%
4 12 + 200.0% 79 104 + 31.6%
$279,450 $335,750 + 20.1% $295,000 $295,500 + 0.2%
$374,975 $365,700 - 2.5% $322,453 $342,542 + 6.2%
95.2% 93.2% - 2.1% 93.5% 92.2% - 1.4%
239 55 - 77.0% 93 100 + 7.5%
34 39 + 14.7% -- -- --
* 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
Wilmette
b
Single-Family
Attached Single-Family
a
+ 40% + 60%
+ 30% + 40%
+ 20%
All MLS
Wilmette
b
a
+ 20%
+ 10%
0%
0%
- 20%
- 10%
- 40%
- 20%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
- 60%
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.