Download as pdf or txt
Download as pdf or txt
You are on page 1of 15

Monthly Indicators

A RESEARCH TOOL REFLECTING RESIDENTIAL REAL ESTATE ACTIVITY WITHIN


THE 77 OFFICIALLY DEFINED CHICAGO COMMUNITY AREAS PROVIDED BY THE
CHICAGO ASSOCIATION OF REALTORS®

January 2018 Quick Facts


Last year, U.S. consumers seemed to be operating with a renewed but cautious
optimism. The stock market was strong, wages were edging upwards and home - 9.2% - 10.0% + 3.9%
buying activity was extremely competitive. Not much has changed in 2018 in terms
of those measures, yet there is a sort of seasoned prudence mixed into the high
1-Year Change in 1-Year Change in 1-Year Change in
emotions that go with a major expense like a home purchase. We are now several Closed Sales Homes for Sale Median Sales Price
years deep into a period of rising prices and low inventory. Those in the market to All Properties All Properties All Properties
buy a home have caught on. As sellers attempt to take advantage of rising prices,
expect buyers to be more selective.
Detached Single-Family Overview 2
New Listings in the City of Chicago were down 7.3 percent for detached homes but Attached Single-Family Overview 3
were up 7.4 percent for attached properties. Listings Under Contract increased 12.8
percent for detached homes and 1.1 percent for attached properties. New Listings 4
Closed Sales 5
The Median Sales Price was up 9.2 percent to $207,500 for detached homes and 3.8
percent to $321,750 for attached properties. Months Supply of Inventory decreased
Under Contract (contingent and pending) 6
22.4 percent for detached units but increased 1.0 percent for attached units. Median Sales Price 7
Average Sales Price 8
Whatever external forces are placed upon residential real estate markets across the
country – whether they are related to tax legislation, mortgage rates, employment Average List Price 9
situation changes, new family formations, the availability of new construction and the Percent of Original List Price Received 10
like – the appetite for home buying remains strong enough to drive prices upward in
virtually all markets across the country. New sales are not necessarily following that Housing Affordability Index 11
trend, but monthly increases are expected until at least late summer. Market Time 12
Months Supply of Inventory 13
Inventory of Homes for Sale 14
All Properties Market Overview 15

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime.
Detached Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Detached Single-Family Properties.

Key Metrics Historical Sparklines 1-2017 1-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 1,666 1,544 - 7.3% 1,666 1,544 - 7.3%


1-2015 1-2016 1-2017 1-2018

Closed Sales 683 671 - 1.8% 683 671 - 1.8%


1-2015 1-2016 1-2017 1-2018

Under Contract 780 880 + 12.8% 780 880 + 12.8%


(Contingent and Pending)
1-2015 1-2016 1-2017 1-2018

Median Sales Price $190,000 $207,500 + 9.2% $190,000 $207,500 + 9.2%


1-2015 1-2016 1-2017 1-2018

Average Sales Price $300,627 $337,039 + 12.1% $300,627 $337,039 + 12.1%


1-2015 1-2016 1-2017 1-2018

Average List Price $501,640 $475,582 - 5.2% $501,640 $475,582 - 5.2%


1-2015 1-2016 1-2017 1-2018

Percent of Original List Price


94.3% 94.4% + 0.1% 94.3% 94.4% + 0.1%
Received
1-2015 1-2016 1-2017 1-2018

Housing Affordability Index 154 141 - 8.2% 154 141 - 8.2%


1-2015 1-2016 1-2017 1-2018

Market Time 92 99 + 7.6% 92 99 + 7.6%


1-2015 1-2016 1-2017 1-2018

Months Supply of Inventory 4.4 3.4 - 22.4% -- -- --


1-2015 1-2016 1-2017 1-2018

Inventory of Homes for Sale 3,999 3,210 - 19.7% -- -- --


1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 2
Attached Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Attached Single-Family Properties.

Key Metrics Historical Sparklines 1-2017 1-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 2,216 2,380 + 7.4% 2,216 2,380 + 7.4%


1-2015 1-2016 1-2017 1-2018

Closed Sales 889 756 - 15.0% 889 756 - 15.0%


1-2015 1-2016 1-2017 1-2018

Under Contract 1,263 1,277 + 1.1% 1,263 1,277 + 1.1%


(Contingent and Pending)
1-2015 1-2016 1-2017 1-2018

Median Sales Price $310,000 $321,750 + 3.8% $310,000 $321,750 + 3.8%


1-2015 1-2016 1-2017 1-2018

Average Sales Price $397,438 $420,692 + 5.9% $397,438 $420,692 + 5.9%


1-2015 1-2016 1-2017 1-2018

Average List Price $508,674 $544,200 + 7.0% $508,674 $544,200 + 7.0%


1-2015 1-2016 1-2017 1-2018

Percent of Original List Price


95.3% 96.2% + 0.9% 95.3% 96.2% + 0.9%
Received
1-2015 1-2016 1-2017 1-2018

Housing Affordability Index 100 97 - 3.1% 100 97 - 3.1%


1-2015 1-2016 1-2017 1-2018

Market Time 97 86 - 11.3% 97 86 - 11.2%


1-2015 1-2016 1-2017 1-2018

Months Supply of Inventory 2.6 2.6 + 1.0% -- -- --


1-2015 1-2016 1-2017 1-2018

Inventory of Homes for Sale 3,797 3,810 + 0.3% -- -- --


1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 3
New Listings
A count of the properties that have been newly listed on the market in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 1,747 + 4.9% 2,647 + 0.5%


2,380 2,380
2,216 2,216 Mar-2017 2,190 + 13.5% 3,251 + 5.4%

1,962 1,962 Apr-2017 1,916 - 2.4% 2,948 - 3.3%


May-2017 2,250 + 6.4% 3,242 + 7.2%
1,666 1,666
1,544 1,544 Jun-2017 2,177 - 4.3% 3,149 + 8.8%
1,439 1,439
Jul-2017 2,000 + 1.4% 2,868 + 7.8%
Aug-2017 2,076 + 5.1% 2,914 + 16.4%
Sep-2017 2,071 + 6.3% 2,942 + 8.2%
Oct-2017 1,934 + 9.0% 2,394 + 18.9%
Nov-2017 1,360 - 2.0% 1,580 + 0.5%
Dec-2017 962 + 2.1% 941 + 0.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 1,544 - 7.3% 2,380 + 7.4%
+15.8% -7.3% +12.9% +7.4% +15.8% -7.3% +12.9% +7.4% Average 1,852 + 2.8% 2,605 + 6.6%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical New Listing Activity Detached Single-Family Attached Single-Family


6,000

5,000

4,000

3,000

2,000

1,000

0
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 4
Closed Sales
A count of the actual sales that have closed in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 616 - 9.4% 913 + 3.2%


Mar-2017 980 + 17.6% 1,565 + 18.8%
889 889
Apr-2017 931 + 0.1% 1,715 - 3.4%
785 785
756 756 May-2017 1,058 + 1.3% 1,987 + 2.7%
683 671 683 671 Jun-2017 1,165 + 0.6% 2,212 + 2.5%
612 612
Jul-2017 935 - 9.6% 1,763 + 1.2%
Aug-2017 1,056 - 1.3% 1,734 - 2.1%
Sep-2017 943 + 1.7% 1,412 - 3.8%
Oct-2017 882 + 2.4% 1,223 + 3.1%
Nov-2017 857 + 1.3% 1,098 + 0.8%
Dec-2017 932 + 14.5% 1,121 - 3.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 671 - 1.8% 756 - 15.0%
+11.6% -1.8% +13.2% -15.0% +11.6% -1.8% +13.2% -15.0% Average 919 + 1.3% 1,458 + 6.6%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Pending Sales Activity Detached Single-Family Attached Single-Family


2,500

2,000

1,500

1,000

500

0
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 5
Under Contract
A count of the properties in either a contingent or pending status in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 921 + 1.3% 1,625 - 0.4%

1,277 1,277 Mar-2017 1,131 + 1.9% 2,105 + 5.1%


1,263 1,263
Apr-2017 1,049 - 7.6% 1,944 - 7.5%
1,127 1,127
May-2017 1,086 - 1.0% 1,975 + 4.6%

880 880 Jun-2017 996 - 2.1% 1,668 - 6.7%


780 780 Jul-2017 893 + 0.8% 1,487 + 4.1%
740 740
Aug-2017 987 + 3.5% 1,390 - 0.3%
Sep-2017 845 + 8.9% 1,165 - 1.9%
Oct-2017 920 + 9.1% 1,164 + 1.6%
Nov-2017 822 + 12.4% 953 - 3.8%
Dec-2017 689 + 14.5% 834 - 5.0%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 880 + 12.8% 1,277 + 1.1%
+5.4% +12.8% +12.1% +1.1% +5.4% +12.8% +12.1% +1.1% Average 935 + 3.5% 1,466 - 0.6%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Under Contract Activity Detached Single-Family Attached Single-Family


3,000

2,700

2,400

2,100

1,800

1,500

1,200

900

600

300

0
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 6
Median Sales Price
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 $183,450 + 2.5% $298,000 + 4.6%

$321,750 $321,750
Mar-2017 $235,000 + 14.6% $328,000 + 7.5%
$310,000 $310,000
Apr-2017 $235,000 + 4.4% $328,500 + 2.3%
$265,000 $265,000 May-2017 $255,000 + 11.8% $330,000 + 2.1%
Jun-2017 $260,000 + 6.1% $325,960 + 0.3%
$207,500 $207,500
$190,000 $190,000 Jul-2017 $250,000 + 4.8% $325,000 + 1.6%
$185,000 $185,000
Aug-2017 $228,700 + 1.8% $316,000 + 4.3%
Sep-2017 $226,000 + 5.1% $312,250 + 4.4%
Oct-2017 $220,000 + 1.6% $313,500 + 5.2%
Nov-2017 $220,000 + 4.8% $302,975 - 1.6%
Dec-2017 $219,000 + 9.5% $320,000 + 3.7%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 $207,500 + 9.2% $321,750 + 3.8%
+2.7% +9.2% +17.0% +3.8% +2.7% +9.2% +17.0% +3.8% Median $230,000 + 5.5% $321,000 + 3.5%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Median Sales Price Detached Single-Family Attached Single-Family


$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 7
Average Sales Price
Average sales price for all closed sales, not accounting for seller concessions, in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 $282,843 + 2.8% $388,355 + 9.2%


$420,692 $420,692
$397,438 $397,438 Mar-2017 $341,364 + 4.1% $386,811 + 8.5%
Apr-2017 $366,761 + 4.3% $392,496 + 2.5%
$337,039 $334,479 $337,039 $334,479
$311,121
May-2017 $393,641 + 14.0% $390,012 + 0.5%
$311,121
$300,627 $300,627
Jun-2017 $395,543 + 1.9% $396,153 + 2.5%
Jul-2017 $380,896 + 3.5% $394,033 + 1.1%
Aug-2017 $327,490 - 0.5% $390,472 + 6.1%
Sep-2017 $328,549 + 5.0% $388,850 + 2.9%
Oct-2017 $313,144 - 0.1% $387,243 + 8.4%
Nov-2017 $306,489 + 3.1% $394,910 + 8.5%
Dec-2017 $348,026 + 12.2% $424,569 + 11.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 $337,039 + 12.1% $420,692 + 5.9%
-3.4% +12.1% +18.8% +5.9% -3.4% +12.1% +18.8% +5.9% Average $347,239 + 5.0% $394,669 + 4.7%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Average Sales Price Detached Single-Family Attached Single-Family


$450,000

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 8
Average List Price
Average list price for all new listings in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 $538,038 + 6.0% $500,823 + 16.2%


$544,200 $544,200 Mar-2017 $498,381 + 10.6% $480,125 + 13.7%
$501,640 $508,674 $501,640 $508,674
$475,582 $475,582 Apr-2017 $477,297 + 5.8% $488,822 + 5.7%
$445,553 $445,553
$422,440 $422,440 May-2017 $480,365 - 3.8% $483,232 + 4.9%
Jun-2017 $455,196 - 2.8% $486,105 + 10.2%
Jul-2017 $440,063 - 7.1% $448,303 + 5.1%
Aug-2017 $402,081 - 0.4% $441,410 + 4.2%
Sep-2017 $458,014 - 8.3% $505,283 - 0.2%
Oct-2017 $457,993 - 9.5% $482,355 + 6.5%
Nov-2017 $390,593 - 3.4% $493,960 + 12.6%
Dec-2017 $553,223 + 54.4% $538,968 + 29.0%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 $475,582 - 5.2% $544,200 + 7.0%
+ 18.7% - 5.2% + 14.2% + 7.0% + 18.7% - 5.2% + 14.2% + 7.0% Average $466,307 + 0.2% $486,979 + 8.0%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Average List Price Detached Single-Family Attached Single-Family


$600,000

$550,000

$500,000

$450,000

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 9
Percent of Original List Price Received
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties
sold in a given month, not accounting for seller concessions.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 93.7% + 0.7% 95.7% + 1.2%


Mar-2017 96.9% + 1.8% 97.0% + 0.1%

94.0% 94.3% 94.4% 94.0% 95.3% 96.2% 94.0% 94.3% 94.4% 94.0% 95.3% 96.2% Apr-2017 95.2% - 0.3% 97.5% + 0.3%
May-2017 96.1% - 0.8% 98.0% + 0.7%
Jun-2017 96.5% + 0.0% 97.9% + 0.7%
Jul-2017 96.6% + 0.6% 97.5% + 0.1%
Aug-2017 95.2% - 0.4% 97.3% + 0.6%
Sep-2017 94.7% - 0.4% 96.8% + 0.7%
Oct-2017 94.3% - 0.1% 96.2% + 0.4%
Nov-2017 94.7% + 1.2% 96.6% + 0.7%
Dec-2017 94.8% + 1.8% 96.2% + 0.6%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 94.4% + 0.1% 96.2% + 0.9%
+0.3% +0.1% +1.4% +0.9% +0.3% +0.1% +1.4% +0.9% Average 95.4% + 0.3% 97.1% + 0.6%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Percent of Original List Price Received Detached Single-Family Attached Single-Family
100%

98%

95%

93%

90%

88%

85%

83%

80%

78%

75%
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 10
Housing Affordability Index
This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120%
of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

161 161 Feb-2017 165 - 6.4% 106 - 9.5%


154 154
Mar-2017 130 - 13.5% 99 - 10.9%
141 141
Apr-2017 130 - 6.4% 100 - 4.7%
122 122
May-2017 121 - 12.5% 101 - 3.3%

100 100 Jun-2017 119 - 7.5% 101 - 4.1%


97 97
Jul-2017 124 - 6.8% 102 - 4.2%
Aug-2017 140 - 3.1% 105 - 6.6%
Sep-2017 141 - 6.6% 106 - 5.7%
Oct-2017 143 - 5.7% 104 - 10.3%
Nov-2017 145 - 3.0% 108 + 0.3%
Dec-2017 139 - 6.6% 100 - 2.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 141 - 8.2% 97 - 3.1%
-4.2% -8.2% -18.0% -3.1% -4.2% -8.2% -18.0% -3.1% Average 137 - 7.2% 103 - 5.5%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Housing Affordability Index Detached Single-Family Attached Single-Family


300

275

250

225

200

175

150

125

100

75

50
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 11
Market Time
Average number of days between when a property is listed and when an offer is accepted in a given month.

January Year to Date Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 107 + 3.3% 96 - 4.8%


109 109 Mar-2017 114 + 14.3% 83 - 9.5%
99 98 97 99 98 97 Apr-2017 108 + 7.7% 68 - 12.5%
92 92
86 86 May-2017 99 + 7.5% 52 - 19.2%
Jun-2017 81 + 3.0% 50 - 14.6%
Jul-2017 75 - 5.9% 51 - 12.2%
Aug-2017 80 + 0.3% 51 - 15.6%
Sep-2017 79 + 4.7% 56 - 21.3%
Oct-2017 82 + 1.7% 68 - 3.1%
Nov-2017 89 - 1.5% 76 + 7.2%
Dec-2017 99 + 14.1% 79 + 0.1%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jan-2018 99 + 7.6% 86 - 11.2%
-15.0% +7.6% -1.4% -11.2% -15.6% +7.6% -1.4% -11.2% Average 92 + 5.1% 64 - 10.6%
Detached Single-Family Attached Single-Family Detached Single-Family Attached Single-Family

Historical Market Time Detached Single-Family Attached Single-Family


220

200

180

160

140

120

100

80

60

40
1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 12
Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

January Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 4.5 - 0.9% 2.8 - 9.2%


4.4 4.4 Mar-2017 4.6 + 1.3% 3.0 - 9.4%
Apr-2017 4.7 + 1.7% 3.1 - 4.8%

3.4 May-2017 4.9 + 3.6% 3.2 - 5.4%


Jun-2017 5.1 + 0.7% 3.4 - 0.1%
2.9
2.6 2.6 Jul-2017 5.2 - 1.2% 3.5 - 2.0%
Aug-2017 5.0 - 3.1% 3.5 + 2.3%
Sep-2017 5.0 - 5.4% 3.7 + 2.7%
Oct-2017 4.8 - 7.3% 3.6 + 2.7%
Nov-2017 4.3 - 12.1% 3.2 + 1.3%
Dec-2017 3.6 - 16.7% 2.6 + 0.4%
2016 2017 2018 2016 2017 2018 Jan-2018 3.4 - 22.4% 2.6 + 1.0%
+0.1% -22.4% -11.7% +1.0% Average 4.6 - 5.0% 3.2 - 1.7%
Detached Single-Family Attached Single-Family

Historical Months Supply of Inventory Detached Single-Family Attached Single-Family


20

18

16

14

12

10

2
1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 13
Inventory of Homes for Sale
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

January Detached Single- Year-Over-Year Attached Single- Year-Over-Year


Family Change Family Change

Feb-2017 4,029 + 0.0% 4,141 - 6.9%


3,999 4,154 Mar-2017 4,130 + 1.8% 4,395 - 7.4%
3,925 3,797 3,810
Apr-2017 4,185 + 1.3% 4,559 - 4.7%
3,210 May-2017 4,407 + 2.0% 4,766 - 5.0%
Jun-2017 4,557 - 1.1% 5,043 - 0.4%
Jul-2017 4,630 - 2.0% 5,108 - 1.2%
Aug-2017 4,515 - 4.1% 5,218 + 2.9%
Sep-2017 4,555 - 4.8% 5,480 + 3.2%
Oct-2017 4,403 - 6.4% 5,238 + 3.4%
Nov-2017 3,992 - 10.5% 4,671 + 1.8%
Dec-2017 3,369 - 14.3% 3,745 + 0.5%
2016 2017 2018 2016 2017 2018 Jan-2018 3,210 - 19.7% 3,810 + 0.3%
+1.9% -19.7% -8.6% +0.3% Average 4,165 - 4.7% 4,681 - 1.1%
Detached Single-Family Attached Single-Family

Historical Inventory of Homes for Sale Detached Single-Family Attached Single-Family


19,000

17,000

15,000

13,000

11,000

9,000

7,000

5,000

3,000
1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 14
All Properties Market Overview
Key market metrics for the current month and year-to-date figures for all properties.

Key Metrics Historical Sparklines 1-2017 1-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 3,882 3,924 + 1.1% 3,882 3,924 + 1.1%


1-2015 1-2016 1-2017 1-2018

Closed Sales 1,572 1,427 - 9.2% 1,572 1,427 - 9.2%


1-2015 1-2016 1-2017 1-2018

Under Contract 2,043 2,157 + 5.6% 2,043 2,157 + 5.6%


(Contingent and Pending)
1-2015 1-2016 1-2017 1-2018

Median Sales Price $255,000 $265,000 + 3.9% $255,000 $265,000 + 3.9%


1-2015 1-2016 1-2017 1-2018

Average Sales Price $355,376 $381,357 + 7.3% $355,376 $381,357 + 7.3%


1-2015 1-2016 1-2017 1-2018

Average List Price $505,659 $517,212 + 2.3% $505,659 $517,212 + 2.3%


1-2015 1-2016 1-2017 1-2018

Percent of Original List Price


94.9% 95.4% + 0.5% 94.9% 95.4% + 0.5%
Received
1-2015 1-2016 1-2017 1-2018

Housing Affordability Index 132 130 - 0.8% 132 130 - 0.8%


1-2015 1-2016 1-2017 1-2018

Market Time 95 92 - 3.2% 95 92 - 3.0%


1-2015 1-2016 1-2017 1-2018

Months Supply of Inventory 3.3 2.9 - 12.1% -- -- --


1-2015 1-2016 1-2017 1-2018

Inventory of Homes for Sale 7,796 7,020 - 10.0% -- -- --


1-2015 1-2016 1-2017 1-2018

Current as of February 14, 2018. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2018 ShowingTime. | 15

You might also like