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
Highland
Park
Highland Park
+ 6.0% - 21.2% + 10.7%
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
10-2015 10-2016
56 53
32 33
40 30
$491,250
Trailing 12 Months
+ / –
10-2015 10-2016 + / –
- 5.4% 785 853 + 8.7%
+ 3.1% 400 413 + 3.3%
- 25.0% 400 404 + 1.0%
$552,250 + 12.4% $543,750 $542,500 - 0.2%
$588,960 $613,479 + 4.2% $615,108 $629,320 + 2.3%
89.9% 86.9% - 3.3% 91.2% 91.2% 0.0%
107 120 + 12.1% 100 135 + 35.0%
261 274 + 5.0% -- -- --
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 + / –
11 18 + 63.6% 162 197 + 21.6%
7 4 - 42.9% 112 94 - 16.1%
12 11 - 8.3% 110 95 - 13.6%
$281,250 $230,000 - 18.2% $260,000 $277,000 + 6.5%
$423,133 $226,641 - 46.4% $343,355 $329,278 - 4.1%
92.1% 92.5% + 0.4% 91.6% 92.3% + 0.8%
74 60 - 18.9% 85 89 + 4.7%
48 68 + 41.7% -- -- --
* 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 Singl e-Family
Single-Family
Detached
All MLS
Highland Park
b
Single-Family
Attached Single-Family
a
All MLS
Highland Park
+ 30% + 80%
+ 20% + 60%
+ 10% + 40%
0% + 20%
- 10% 0%
- 20% - 20%
- 30% - 40%
- 40%
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
b
a
** 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.