Market Stats Booklet November 2017 Market Stats | Page 9

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
Lake Forest
- 14.8% + 24.0% - 8.8%
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 + / –
44 34 - 22.7% 698 641 - 8.2%
19 22 + 15.8% 273 277 + 1.5%
22 18 - 18.2% 254 293 + 15.4%
$697,500 $873,000 + 25.2% $806,250 $829,900 + 2.9%
$989,396 $846,428 - 14.5% $1,011,883 $1,027,739 + 1.6%
89.7% 87.9% - 2.0% 88.9% 89.1% + 0.2%
168 132 - 21.4% 181 186 + 2.8%
332 290 - 12.7% -- -- --
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 E nd
Trailing 12 Months
10-2016 10-2017 + / – 10-2016 10-2017 + / –
10 12 + 20.0% 89 133 + 49.4%
5 2 - 60.0% 54 68 + 25.9%
+ 26.4%
3 13 + 333.3% 53 67 $425,000 $520,000 + 22.4% $422,500 $398,000 - 5.8%
$559,667 $492,269 - 12.0% $528,393 $442,805 - 16.2%
96.2% 93.5% - 2.8% 93.4% 89.9% - 3.7%
17 81 + 376.5% 122 156 + 27.9%
43 52 + 20.9% -- -- --
* 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
Lake Forest
b
Attached Single-Family
All MLS
Lake Forest
a
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 50%
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.