Local Market Update – August 2012

A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2012

8008 - CHI - Near
North Side

- 30.6%

+ 29.1%

- 42.1%

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 Mos.

8-2011

8-2012

+/–

8-2011

8-2012

+/–

3

4

+ 33.3%

84

84

0.0%

0

1

--

22

26

+ 18.2%

4

2

- 50.0%

25

18

- 28.0%

$2,902,000

$2,475,000

- 14.7%

$1,780,000

$1,793,500

+ 0.8%

$3,144,750

$2,475,000

- 21.3%

$2,566,885

$1,989,417

- 22.5%

91.7%

82.5%

- 10.0%

83.9%

88.2%

+ 5.0%

151

23

- 84.8%

263

196

- 25.7%

40

41

+ 2.5%

--

--

--

August

Attached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price
Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale

8-2011

8-2012

366
179

Trailing 12 Mos.
+/–

8-2011

8-2012

+/–

252

- 31.1%

4,508

3,626

- 19.6%

233

+ 30.2%

1,888

2,272

+ 20.3%

195

255

+ 30.8%

1,848

2,150

+ 16.3%

$330 000
$330,000

$342 000
$342,000

+3
3.6%
6%

$345 000
$345,000

$325 000
$325,000

-5
5.8%
8%

$523,854

$494,617

- 5.6%

$534,064

$501,504

- 6.1%

92.4%

94.9%

+ 2.6%

91.8%

92.9%

+ 1.2%

145

129

- 10.7%

164

148

- 9.8%

1,728

983

- 43.1%

--

--

--

* 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

Attached Single-Family
All MLS

b

All MLS

b

8008 - CHI - Near North Side

a

8008 - CHI - Near North Side

a

+ 10%

+ 140%
+ 120%

+ 5%

+ 100%
0%
+ 80%
+ 60%

- 5%

+ 40%

- 10%

+ 20%
- 15%
0%
- 20%

- 20%
- 40%
1-2009

1-2010

1-2011

1-2012

- 25%
1-2009

1-2010

1-2011

1-2012

*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. Powered by 10K Research and Marketing.

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