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Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes Old Town, Gold Coast, River North & Streeterville) (Includes Printers Row & South Loop) (Includes Greek Town, Little Italy, Medical Center, Fulton River District & University Village) (Includes Museum Park)

CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

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Page 1: CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

Market Trends & Statistics Updated November 18th

CENTRAL NEIGHBORHOODS

pg 2 Loop

pg 3 Near North Side

pg 5 Near South Side

pg 6 Near West Side(Includes Old Town, Gold Coast, River North & Streeterville)

(Includes Printers Row & South Loop)

(Includes Greek Town, Little Italy, Medical Center, Fulton River District & University Village)

(Includes Museum Park)

Page 2: CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 0 0 -- 0 1 --

Closed Sales 0 0 -- 0 0 --

Median Sales Price* $0 $0 -- $0 $0 --

Percent of Original List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Market Time 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 115 138 + 20.0% 1,495 1,493 - 0.1%

Closed Sales 56 55 - 1.8% 730 662 - 9.3%

Median Sales Price* $377,750 $350,000 - 7.3% $349,900 $345,500 - 1.3%

Percent of Original List Price Received* 96.9% 97.3% + 0.4% 97.4% 97.4% 0.0%

Market Time 84 97 + 15.5% 78 82 + 5.1%

Inventory of Homes for Sale 368 410 + 11.4% -- -- --* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Detached Single-FamilyOctober Year to Date

Attached Single-FamilyOctober Year to Date

† 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 areproportioned according to their share of sales during that period. | Current as of November 14, 2018. All data from Midwest Real Estate Data. Report © 2018 ShowingTime.

Change in Median Sales Price from Prior Year (6-Month Average)†

All

Loop Loop

All

Local Market Update – October 2018A Research Tool Provided by the Chicago Association of REALTORS®

RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2018

Loop+ 20.0% - 1.8% + 11.4%

Change inNew ListingsAll Properties

Change inClosed SalesAll Properties

Change in Inventory of Homes

All Properties

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Detached Single-Familyb

a

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Attached Single-Familyb

a

Page 3: CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 8 11 + 37.5% 103 121 + 17.5%

Closed Sales 2 1 - 50.0% 22 24 + 9.1%

Median Sales Price* $4,750,000 $1,240,000 - 73.9% $1,837,500 $1,890,875 + 2.9%

Percent of Original List Price Received* 96.9% 99.2% + 2.4% 90.2% 90.8% + 0.7%

Market Time 199 381 + 91.5% 285 210 - 26.3%

Inventory of Homes for Sale 45 46 + 2.2% -- -- --

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 479 462 - 3.5% 5,334 5,919 + 11.0%

Closed Sales 202 174 - 13.9% 2,446 2,342 - 4.3%

Median Sales Price* $398,750 $382,500 - 4.1% $400,000 $410,000 + 2.5%

Percent of Original List Price Received* 96.2% 95.4% - 0.8% 97.2% 96.9% - 0.3%

Market Time 92 106 + 15.2% 78 93 + 19.2%

Inventory of Homes for Sale 1,223 1,322 + 8.1% -- -- --* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Detached Single-FamilyOctober Year to Date

Attached Single-FamilyOctober Year to Date

† 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 areproportioned according to their share of sales during that period. | Current as of November 14, 2018. All data from Midwest Real Estate Data. Report © 2018 ShowingTime.

Change in Median Sales Price from Prior Year (6-Month Average)†

All

ediS htroN raeNediS htroN raeN

All

Local Market Update – October 2018A Research Tool Provided by the Chicago Association of REALTORS®

RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2018

Near North Side- 2.9% - 14.2% + 7.9%

Change inNew ListingsAll Properties

Change inClosed SalesAll Properties

Change in Inventory of Homes

All Properties

- 100%

- 50%

0%

+ 50%

+ 100%

+ 150%

+ 200%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Detached Single-Familyb

a

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Attached Single-Familyb

a

Page 4: CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 1 2 + 100.0% 13 24 + 84.6%

Closed Sales 1 0 - 100.0% 4 8 + 100.0%

Median Sales Price* $1,195,000 $0 - 100.0% $1,377,500 $1,117,500 - 18.9%

Percent of Original List Price Received* 95.6% 0.0% - 100.0% 94.4% 96.9% + 2.6%

Market Time 43 0 - 100.0% 91 44 - 51.6%

Inventory of Homes for Sale 3 7 + 133.3% -- -- --

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 113 103 - 8.8% 1,351 1,309 - 3.1%

Closed Sales 61 53 - 13.1% 766 691 - 9.8%

Median Sales Price* $373,000 $358,000 - 4.0% $377,415 $370,500 - 1.8%

Percent of Original List Price Received* 100.3% 99.2% - 1.1% 100.2% 99.6% - 0.6%

Market Time 61 76 + 24.6% 63 72 + 14.3%

Inventory of Homes for Sale 234 235 + 0.4% -- -- --* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Detached Single-FamilyOctober Year to Date

Attached Single-FamilyOctober Year to Date

† 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 areproportioned according to their share of sales during that period. | Current as of November 14, 2018. All data from Midwest Real Estate Data. Report © 2018 ShowingTime.

Change in Median Sales Price from Prior Year (6-Month Average)†

All

ediS htuoS raeNediS htuoS raeN

All

Local Market Update – October 2018A Research Tool Provided by the Chicago Association of REALTORS®

RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2018

Near South Side- 7.9% - 14.5% + 2.1%

Change inNew ListingsAll Properties

Change inClosed SalesAll Properties

Change in Inventory of Homes

All Properties

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Detached Single-Familyb

a

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Attached Single-Familyb

a

Page 5: CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 5 12 + 140.0% 72 66 - 8.3%

Closed Sales 1 3 + 200.0% 16 21 + 31.3%

Median Sales Price* $136,500 $399,000 + 192.3% $440,000 $453,000 + 3.0%

Percent of Original List Price Received* 100.0% 95.2% - 4.8% 98.1% 98.8% + 0.7%

Market Time 1 61 + 6,000.0% 74 75 + 1.4%

Inventory of Homes for Sale 14 18 + 28.6% -- -- --

10-2017 10-2018 + / – 10-2017 10-2018 + / –

New Listings 137 183 + 33.6% 1,833 2,051 + 11.9%

Closed Sales 97 93 - 4.1% 989 1,071 + 8.3%

Median Sales Price* $375,000 $395,000 + 5.3% $361,000 $386,000 + 6.9%

Percent of Original List Price Received* 98.7% 97.7% - 1.0% 99.2% 99.6% + 0.4%

Market Time 51 68 + 33.3% 41 55 + 34.1%

Inventory of Homes for Sale 281 340 + 21.0% -- -- --* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Detached Single-FamilyOctober Year to Date

Attached Single-FamilyOctober Year to Date

† 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 areproportioned according to their share of sales during that period. | Current as of November 14, 2018. All data from Midwest Real Estate Data. Report © 2018 ShowingTime.

Change in Median Sales Price from Prior Year (6-Month Average)†

All

ediS tseW raeNediS tseW raeN

All

Local Market Update – October 2018A Research Tool Provided by the Chicago Association of REALTORS®

RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2018

Near West Side+ 37.3% - 2.0% + 21.4%

Change inNew ListingsAll Properties

Change inClosed SalesAll Properties

Change in Inventory of Homes

All Properties

- 100%

- 50%

0%

+ 50%

+ 100%

+ 150%

+ 200%

+ 250%

+ 300%

+ 350%

+ 400%

+ 450%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Detached Single-Familyb

a

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Attached Single-Familyb

a

Page 6: CENTRAL NEIGHBORHOODS€¦ · Market Trends & Statistics Updated November 18th CENTRAL NEIGHBORHOODS pg 2 Loop pg 3 Near North Side pg 5 Near South Side pg 6 Near West Side (Includes

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