Market Stats Booklet October 2017 Market Stats | Page 6

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
Highland Park
- 13.9% - 13.6% - 3.7%
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 + / –
83 77 - 7.2% 855 924 + 8.1%
33 26 - 21.2% 407 426 + 4.7%
35 28 - 20.0% 413 431 + 4.4%
$595,000 $528,250 - 11.2% $537,000 $522,000 - 2.8%
$616,027 $612,696 - 0.5% $626,908 $620,544 - 1.0%
92.1% 90.8% - 1.4% 91.5% 90.4% - 1.2%
120 143 + 19.2% 133 133 0.0%
313 304 - 2.9% -- -- --
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 + / –
25 16 - 36.0% 190 211 + 11.1%
10 6 - 40.0% 97 109 + 12.4%
+ 17.7%
9 10 + 11.1% 96 113 $243,500 $291,000 + 19.5% $309,000 $300,000 - 2.9%
$289,278 $401,130 + 38.7% $352,771 $356,399 + 1.0%
92.9% 91.3% - 1.7% 92.2% 92.0% - 0.2%
71 110 + 54.9% 90 133 + 47.8%
67 62 - 7.5% -- -- --
* 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
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 d