Local Market Update – December 2012

A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 15, 2013

8006 - CHI - Lake View

- 9.0%

+ 34.4%

- 51.6%

Change in
New Listings
All Properties

Change in
Closed Sales
All Properties

Change in
Inventory of Homes
All Properties

December

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.

12-2011

12-2012

+/–

12-2011

12-2012

+/–

11

11

0.0%

346

313

- 9.5%

7

13

+ 85.7%

123

167

+ 35.8%

7

7

0.0%

122

158

+ 29.5%

$775,000

$1,115,000

+ 43.9%

$987,500

$1,001,500

+ 1.4%

$955,571

$1,506,429

+ 57.6%

$1,120,314

$1,113,197

- 0.6%

93.7%

93.8%

+ 0.1%

91.0%

92.9%

+ 2.2%

160

96

- 39.9%

156

129

- 16.8%

74

36

- 51.4%

--

--

--

December

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 Mos.

12-2011

12-2012

+/–

12-2011

12-2012

+/–

89

80

- 10.1%

2,865

2,381

- 16.9%

65

94

+ 44.6%

1,110

1,567

+ 41.2%

83

114

+ 37.3%

1,089

1,471

+ 35.1%

$265,000

$319,375

+ 20.5%

$325,000

$315,000

- 3.1%

$290,387

$335,493

+ 15.5%

$338,184

$323,276

- 4.4%

89.1%

92.9%

+ 4.3%

91.0%

92.3%

+ 1.4%

170

111

- 34.6%

157

143

- 8.9%

668

323

- 51.6%

--

--

--

* 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

8006 - CHI - Lake View

a

8006 - CHI - Lake View

a

+ 40%

+ 15%

+ 30%

+ 10%

+ 20%

+ 5%

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

- 30%

- 20%

- 40%
- 50%
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
period | All data from Midwest Real Estate Data LLC
proportioned according to their share of sales during that period.
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