Market Stats Booklet October 2017 Market Stats | Page 10

Local Market Update – September 2017
LOCAL MARKET UPDATE
September 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of October 14, 2017
CBHomes.com
Northbrook
+ 15.6% + 32.6% 0.0%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
September
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
9-2016 9-2017 + / – 9-2016 9-2017 + / –
89 95 + 6.7% 1,000 1,099 + 9.9%
18 41 + 127.8% 451 495 + 9.8%
31 36 + 16.1% 450 484 + 7.6%
$550,000 $507,500 - 7.7% $535,000 $547,000 + 2.2%
$581,816 $571,639 - 1.7% $593,858 $614,351 + 3.5%
92.8% 92.6% - 0.2% 93.6% 93.4% - 0.2%
106 85 - 19.8% 90 114 + 26.7%
258 250 - 3.1% -- -- --
September
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
9-2016 9-2017 + / – 9-2016 9-2017 + / –
39 53 + 35.9% 415 473 + 14.0%
19 20 + 5.3% 272 287 + 5.5%
+ 3.7%
15 25 + 66.7% 269 279 $310,000 $279,000 - 10.0% $300,000 $290,000 - 3.3%
$306,607 $316,976 + 3.4% $312,110 $318,326 + 2.0%
93.9% 95.8% + 2.0% 94.1% 94.0% - 0.1%
85 74 - 12.9% 86 72 - 16.3%
94 102 + 8.5% -- -- --
* 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.