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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)
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
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
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
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
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