Market Stats Booklet November 2017 Market Stats | Page 10

Local Market Update – October 2017
LOCAL MARKET UPDATE
October 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2017
CBHomes.com
Northbrook
- 27.7% + 25.0% - 15.3%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
October
Detached 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
10-2016 10-2017 + / – 10-2016 10-2017 + / –
71 45 - 36.6% 1,003 1,073 + 7.0%
31 42 + 35.5% 451 505 + 12.0%
36 40 + 11.1% 456 488 + 7.0%
$549,500 $526,250 - 4.2% $540,000 $540,000 0.0%
$622,789 $654,656 + 5.1% $594,163 $617,032 + 3.8%
92.6% 92.7% + 0.1% 93.7% 93.4% - 0.3%
102 113 + 10.8% 90 115 + 27.8%
257 208 - 19.1% -- -- --
October
Attached 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
10-2016 10-2017 + / – 10-2016 10-2017 + / –
30 28 - 6.7% 409 471 + 15.2%
24 26 + 8.3% 277 290 + 4.7%
+ 8.3%
16 25 + 56.3% 266 288 $274,500 $328,000 + 19.5% $300,000 $295,000 - 1.7%
$271,031 $318,922 + 17.7% $311,236 $321,005 + 3.1%
89.2% 92.0% + 3.1% 93.7% 94.1% + 0.4%
98 80 - 18.4% 88 72 - 18.2%
89 85 - 4.5% -- -- --
* 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
All MLS
Northbrook
b
Attached Single-Family
All MLS
Northbrook
a
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 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
1-2017
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** 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. Report © 2017 ShowingTime.