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

8024 - CHI - West
Town

- 20.4%

+ 70.8%

- 53.7%

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

+/–

33

32

- 3.0%

404

391

- 3.2%

13

26

+ 100.0%

151

201

+ 33.1%

8

17

+ 112.5%

135

191

+ 41.5%

$445,500

$545,000

+ 22.3%

$588,750

$574,000

- 2.5%

$470,624

$632,116

+ 34.3%

$580,266

$613,072

+ 5.7%

87.8%

94.8%

+ 7.9%

91.4%

92.7%

+ 1.4%

183

95

- 48.2%

167

124

- 25.6%

138

83

- 39.9%

--

--

--

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

168
48

Trailing 12 Mos.
+/–

8-2011

8-2012

+/–

128

- 23.8%

2,103

1,647

- 21.7%

102

+ 112.5%

715

1,003

+ 40.3%

64

106

+ 65.6%

709

880

+ 24.1%

$355 000
$355,000

$316 250
$316,250

- 10
10.9%
9%

$332 500
$332,500

$317 250
$317,250

-4
4.6%
6%

$382,370

$324,861

- 15.0%

$346,868

$322,467

- 7.0%

91.7%

95.0%

+ 3.7%

91.5%

92.5%

+ 1.1%

99

77

- 22.6%

152

138

- 9.2%

644

279

- 56.7%

--

--

--

* 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

8024 - CHI - West Town

a

8024 - CHI - West Town

a

+ 10%

+ 30%

+ 5%

+ 20%

0%
+ 10%
- 5%
0%
- 10%
- 10%
- 15%
- 20%

- 30%
1-2009

- 20%

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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