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

8028 - CHI - Near West Side
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

- 14.1%
Change in New Listings All Properties

+ 58.2%
Change in Closed Sales All Properties

- 56.5%
Change in Inventory of Homes All Properties

December
12-2011 6 2 2 $350,100 $350,100 83.4% 70 25 12-2012 2 0 5 $476,000 $481,380 85.0% 78 13 +/– - 66.7% - 100.0% + 150.0% + 36.0% + 37.5% + 1.9% + 10.9% - 48.0% 64 20 21

Trailing 12 Mos.
12-2011 12-2012 62 30 25 $325,500 $384,930 93.7% 129 -+/– - 3.1% + 50.0% + 19.0% + 91.5% + 41.1% + 9.9% - 10.0% --

$170,000 $272,799 85.3% 143 --

December

Trailing 12 Mos.
+/– - 9.2% + 21.1% + 54.7% + 23.5% + 1.8% + 1.1% - 8.8% - 56.9% 12-2011 1,766 768 699 $256,950 $279,675 91.8% 156 -12-2012 1,320 971 919 $247,000 $271,619 92.2% 137 -+/– - 25.3% + 26.4% + 31.5% - 3.9% - 2.9% + 0.3% - 12.2% --

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

12-2011 65 57 53 $208,500 $268,195 90.8% 157 439

12-2012 59 69 82 $257,450 $272,943 91.8% 143 189

* 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
All MLS 8028 - CHI - Near West Side
+ 450% + 400% + 5% + 350% + 300% + 250% + 200% + 150% + 100% + 50% 0% - 20% - 50% - 100% 1-2009 - 25% 1-2009 - 15% - 5% 0%

Attached Single-Family
b a
+ 10%

All MLS 8028 - CHI - Near West Side

b a

- 10%

1-2010

1-2011

1-2012

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 period LLC. Marketing.

Sign up to vote on this title
UsefulNot useful