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
Evanston
Evanston
- 8.3% - 17.6% - 29.8%
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 + / –
48 45 - 6.3% 737 744 + 0.9%
38 37 - 2.6% 503 484 - 3.8%
39 26 - 33.3% 489 483 - 1.2%
$545,000 $446,000 - 18.2% $500,000 $515,000 + 3.0%
$568,104 $478,380 - 15.8% $567,059 $590,818 + 4.2%
93.0% 96.0% + 3.2% 94.4% 95.5% + 1.2%
63 77 + 22.2% 80 76 - 5.0%
144 123 - 14.6% -- -- --
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 + / –
60 54 - 10.0% 993 856 - 13.8%
49 51 + 4.1% 640 664 + 3.8%
46 44 - 4.3% 621 673 + 8.4%
$221,500 $248,750 + 12.3% $225,000 $220,000 - 2.2%
$224,766 $306,614 + 36.4% $257,505 $259,158 + 0.6%
92.2% 95.3% + 3.4% 92.9% 94.3% + 1.5%
87 89 + 2.3% 96 85 - 11.5%
232 141 - 39.2% -- -- --
* 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
Single-Family
Detached
All MLS
Evanston
b
Single-Family
Attached Single-Family
a
All MLS
Evanston
b
a
+ 30%
+ 30%
+ 20%
+ 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.