Market Stats Booklet October 2017 Market Stats | Page 9

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
Lake Forest
+ 37.5% + 3.4% - 6.7%
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 + / –
51 63 + 23.5% 706 652 - 7.6%
30 16 - 46.7% 260 276 + 6.2%
25 26 + 4.0% 250 296 + 18.4%
$735,000 $810,000 + 10.2% $825,000 $818,500 - 0.8%
$948,975 $1,116,220 + 17.6% $1,025,590 $1,034,319 + 0.9%
86.1% 88.0% + 2.2% 88.8% 89.2% + 0.5%
188 109 - 42.0% 178 186 + 4.5%
346 316 - 8.7% -- -- --
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 + / –
5 14 + 180.0% 83 131 + 57.8%
1 8 + 700.0% 53 71 + 34.0%
+ 5.6%
4 4 0.0% 54 57 $420,250 $629,500 + 49.8% $409,750 $375,000 - 8.5%
$507,625 $568,500 + 12.0% $521,941 $437,674 - 16.1%
87.2% 82.6% - 5.3% 93.1% 89.4% - 4.0%
151 103 - 31.8% 126 166 + 31.7%
41 45 + 9.8% -- -- --
* 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.