Market Stats Booklet September 2017 Market Stats | Page 12

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
Skokie
- 3.9% - 21.3% - 5.5%
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 + / –
80 74 - 7.5% 870 821 - 5.6%
39 45 + 15.4% 520 477 - 8.3%
59 40 - 32.2% 530 480 - 9.4%
$309,000 $316,250 + 2.3% $310,000 $319,250 + 3.0%
$346,147 $353,735 + 2.2% $336,084 $344,410 + 2.5%
94.4% 96.9% + 2.6% 95.0% 95.6% + 0.6%
56 68 + 21.4% 78 77 - 1.3%
166 180 + 8.4% -- -- --
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 + / –
48 49 + 2.1% 458 481 + 5.0%
28 25 - 10.7% 261 298 + 14.2%
30 30 0.0% 259 304 + 17.4%
$183,250 $177,550 - 3.1% $175,000 $182,750 + 4.4%
$200,992 $188,063 - 6.4% $194,072 $199,955 + 3.0%
93.7% 97.7% + 4.3% 93.8% 94.4% + 0.6%
59 45 - 23.7% 88 83 - 5.7%
107 78 - 27.1% -- -- --
* 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
Skokie
b
Attached Single-Family
+ 25% + 50%
+ 20% + 40%
+ 15%
All MLS
Skokie
a
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.