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

8024 - CHI - West
Town

- 9.0%

+ 13.0%

- 46.9%

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

+/–

34

39

+ 14.7%

393

396

+ 0.8%

11

14

+ 27.3%

146

201

+ 37.7%

16

16

0.0%

143

191

+ 33.6%

$621,750

$475,000

- 23.6%

$600,000

$560,000

- 6.7%

$607,067

$546,344

- 10.0%

$578,843

$605,390

+ 4.6%

89.4%

95.1%

+ 6.4%

91.0%

93.3%

+ 2.5%

129

129

- 0.3%

172

131

- 23.9%

145

93

- 35.9%

--

--

--

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

Trailing 12 Mos.

9-2011

9-2012

+/–

9-2011

9-2012

+/–

144

123

- 14.6%

2,046

1,625

- 20.6%

61

66

+ 8.2%

722

993

+ 37.5%

61

71

+ 16.4%

711

893

+ 25.6%

$284 900
$284,900

$345 000
$345,000

+ 21
21.1%
1%

$330 000
$330,000

$320 000
$320,000

-3
3.0%
0%

$301,447

$339,724

+ 12.7%

$340,914

$323,874

- 5.0%

89.7%

94.7%

+ 5.6%

90.2%

92.2%

+ 2.2%

140

77

- 45.2%

159

139

- 12.9%

589

297

- 49.6%

--

--

--

* 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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