Market Stats Booklet November 2017 Market Stats | Page 12

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
Skokie
+ 7.1% - 16.7% + 7.2%
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 + / –
66 63 - 4.5% 867 829 - 4.4%
37 39 + 5.4% 525 468 - 10.9%
35 32 - 8.6% 509 475 - 6.7%
$305,000 $322,325 + 5.7% $314,500 $324,000 + 3.0%
$334,472 $349,451 + 4.5% $340,052 $350,314 + 3.0%
95.3% 95.0% - 0.3% 95.3% 95.4% + 0.1%
60 66 + 10.0% 77 76 - 1.3%
133 167 + 25.6% -- -- --
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 + / –
32 42 + 31.3% 457 493 + 7.9%
21 14 - 33.3% 259 292 + 12.7%
25 18 - 28.0% 253 301 + 19.0%
$205,000 $199,878 - 2.5% $178,000 $185,000 + 3.9%
$234,100 $206,425 - 11.8% $197,325 $200,711 + 1.7%
94.8% 94.0% - 0.8% 94.2% 94.3% + 0.1%
106 46 - 56.6% 93 80 - 14.0%
103 86 - 16.5% -- -- --
* 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
Skokie
b
Attached Single-Family
+ 25% + 50%
+ 20% + 40%
+ 15%
All MLS
Skokie
a
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.