Market Stats Booklet September 2017 Market Stats | Page 10

Local Market Update – August 2017
LOCAL MARKET UPDATE
August 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2017
CBHomes.com
Northbrook
+ 26.7% + 1.2% + 6.1%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
August
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
8-2016 8-2017 + / – 8-2016 8-2017 + / –
74 75 + 1.4% 981 1,089 + 11.0%
43 35 - 18.6% 467 472 + 1.1%
51 51 0.0% 463 479 + 3.5%
$541,000 $588,250 + 8.7% $535,000 $550,000 + 2.8%
$587,391 $628,383 + 7.0% $607,204 $615,455 + 1.4%
93.7% 95.4% + 1.8% 93.8% 93.4% - 0.4%
74 85 + 14.9% 88 115 + 30.7%
240 254 + 5.8% -- -- --
August
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
8-2016 8-2017 + / – 8-2016 8-2017 + / –
31 58 + 87.1% 409 459 + 12.2%
19 31 + 63.2% 267 286 + 7.1%
- 3.9%
30 31 + 3.3% 280 269 $331,750 $320,000 - 3.5% $295,000 $295,000 0.0%
$326,576 $327,147 + 0.2% $307,935 $317,798 + 3.2%
94.2% 95.0% + 0.8% 94.1% 93.8% - 0.3%
72 46 - 36.1% 85 73 - 14.1%
87 93 + 6.9% -- -- --
* 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
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.