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
Deerfield
Deerfield
- 23.0% - 8.0% - 15.5%
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
44 37
14 16
17 14
$400,000
Trailing 12 Months
+ / –
10-2015 10-2016 + / –
- 15.9% 500 523 + 4.6%
+ 14.3% 216 232 + 7.4%
- 17.6% 223 223 0.0%
$535,000 + 33.8% $495,000 $470,500 - 4.9%
$518,621 $575,786 + 11.0% $546,995 $525,219 - 4.0%
95.3% 91.8% - 3.7% 93.9% 92.9% - 1.1%
74 133 + 79.7% 102 118 + 15.7%
146 125 - 14.4% -- -- --
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 + / –
17 10 - 41.2% 137 161 + 17.5%
4 8 + 100.0% 94 121 + 28.7%
8 9 + 12.5% 97 121 + 24.7%
$188,750 $233,000 + 23.4% $236,000 $232,500 - 1.5%
$183,125 $304,016 + 66.0% $235,525 $249,113 + 5.8%
89.5% 95.1% + 6.3% 93.4% 95.4% + 2.1%
41 31 - 24.4% 52 52 0.0%
28 22 - 21.4% -- -- --
* 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
Deerfield
b
Single-Family
Attached Single-Family
a
All MLS
Deerfield
b
a
+ 80%
+ 40%
+ 30%
+ 60%
+ 20%
+ 40%
+ 10%
0%
+ 20%
- 10%
0%
- 20%
- 30%
- 20%
- 40%
- 50%
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.