Market Stats Booklet November 2017 Market Stats | Page 6

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
Highland Park
0.0% - 9.8% - 4.8%
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 + / –
55 66 + 20.0% 856 935 + 9.2%
31 37 + 19.4% 406 431 + 6.2%
30 30 0.0% 403 431 + 6.9%
$552,250 $462,500 - 16.3% $540,000 $515,000 - 4.6%
$613,479 $619,293 + 0.9% $629,427 $620,949 - 1.3%
86.9% 92.1% + 6.0% 91.2% 90.7% - 0.5%
120 96 - 20.0% 135 132 - 2.2%
286 277 - 3.1% -- -- --
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 + / –
18 7 - 61.1% 197 200 + 1.5%
5 7 + 40.0% 95 110 + 15.8%
11 7 - 36.4% 95 109 + 14.7%
$230,000 $668,500 + 190.7% $277,000 $319,000 + 15.2%
$226,641 $726,857 + 220.7% $329,278 $393,285 + 19.4%
92.5% 96.9% + 4.8% 92.3% 92.3% 0.0%
60 64 + 6.7% 89 136 + 52.8%
67 59 - 11.9% -- -- --
* 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
Highland Park
b
Attached Single-Family
+ 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
1-2017
All MLS
Highland Park
a
- 60%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
b
a
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