Local Market Update – September 2012

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

8016 - CHI - Irving
Park

- 10.7%

+ 24.1%

- 33.7%

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 Mos.

9-2011

9-2012

+/–

9-2011

9-2012

+/–

32

28

- 12.5%

388

407

+ 4.9%

14

18

+ 28.6%

173

217

+ 25.4%

16

23

+ 43.8%

176

202

+ 14.8%

$271,000

$270,000

- 0.4%

$260,000

$282,750

+ 8.7%

$299,906

$270,848

- 9.7%

$289,344

$309,275

+ 6.9%

86.3%

94.3%

+ 9.3%

87.8%

91.2%

+ 3.9%

155

64

- 58.5%

155

136

- 11.8%

130

100

- 23.1%

--

--

--

September

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

9-2011

9-2012

24
8

Trailing 12 Mos.
+/–

9-2011

9-2012

+/–

22

- 8.3%

397

329

- 17.1%

25

+ 212.5%

130

207

+ 59.2%

13

13

0.0%

124

157

+ 26.6%

$118 000
$118,000

$123 000
$123,000

+4
4.2%
2%

$123 000
$123,000

$95 500
$95,500

- 22
22.4%
4%

$124,262

$130,850

+ 5.3%

$142,071

$119,793

- 15.7%

76.4%

87.2%

+ 14.2%

81.8%

82.0%

+ 0.3%

160

92

- 42.5%

206

164

- 20.1%

167

97

- 41.9%

--

--

--

* 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

Attached Single-Family
All MLS

b

All MLS

b

8016 - CHI - Irving Park

a

8016 - CHI - Irving Park

a

+ 20%

+ 50%
+ 40%

+ 10%
+ 30%
0%

+ 20%
+ 10%

- 10%
0%
- 20%

- 10%
- 20%

- 30%
- 30%
- 40%
1-2009

1-2010

1-2011

1-2012

- 40%
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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