Housing Market Data December 2008 Prepared by: The North Shore Barrington Association of REALTORS Look Inside: - market quickdata (3-4) - active listings (5-10) - absorption rates (11) - supply and demand (12) - new construction (13-14) - market data time (15) - mortgage rate history (16) - cook county sales data (17-21) - lake county sales data (22-26) - detached home sales (27-30) - condo sales (31-34) - glossary of terms (35-36)
Legal Legal Information The following representations are based in whole or in part on data supplied by various participants in the Midwest Real Estate Data, LLC (MRED) for the period 9/06 thru 12/08. Neither North Shore Barrington Association of Realtors (NSBAR) nor the Midwest Real Estate Data LLC guarantees, nor is in any way responsible for its accuracy. Data maintained by the Midwest Real Estate Data, LLC may not reflect all real estate activity in the market. Produced by NSBAR from information in MRED
North Shore Quick Data New&BOMK 21005 21303 Closed 4138 5198 Category Pending New Contracts 4361 3385 6413 5610 2007 2008 Off-Market 11405 13539 Price Changes 13982 22811 0 5000 10000 15000 20000 25000 Amount of Listings
Barrington Quick Data New&BOMK 1976 2244 Closed 556 687 Category Pending New Contracts 224 410 529 593 2007 2008 Off-Market 1264 1431 Price Changes 1778 2772 0 500 1000 1500 2000 2500 3000 Amount of Listings
MRED Active Listngs All Property Types 145299 145284 141893 142270 141938 142023 138570 138617 138043 137153 136409 132534 132195 131039 126251 150000 145000 140000 135000 130000 MRED Amount of Listings 125000 120000 115000 9/19/2008 9/26/2008 10/3/2008 10/10/2008 10/17/2008 10/24/2008 10/31/2008 11/7/2008 11/14/2008 11/21/2008 11/28/2008 12/5/2008 12/12/2008 12/19/2008 12/26/2008 Dates The next six tables show active listings for all MLSNI and for NSBAR for the last fifteen weeks. The NSBAR actives are broken down between North Shore and Barrington.
NSBAR Actives All Property Types 8052 7786 7629 7629 7615 7669 7508 7495 7473 7381 7319 7136 7048 7001 6781 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 1044 1041 1030 1019 1019 1039 1040 1045 1049 1029 1032 1001 989 988 958 9/19/2008 9/26/2008 10/3/2008 10/10/2008 10/17/2008 10/24/2008 10/31/2008 11/7/2008 11/14/2008 11/21/2008 11/28/2008 12/5/2008 12/12/2008 12/19/2008 12/26/2008 Dates NSH BAR Amount of Listings
55754 53267 12/26/2008 56340 12/12/2008 12/19/2008 56841 12/5/2008 58691 MRED Single Family Homes Active Listings 62825 62568 60566 60402 59976 59174 10/17/2008 10/24/2008 10/31/2008 11/7/2008 11/14/2008 11/21/2008 11/28/2008 63170 10/10/2008 63446 10/3/2008 65225 9/26/2008 65355 9/19/2008 70000 60000 50000 40000 30000 20000 10000 0 Dates Amount of Listings
NSBAR Single Family Homes Active Listings 4042 3981 3957 3947 3946 3819 3790 3777 3693 3646 3514 3439 3398 3227 628 626 610 604 607 613 604 607 614 603 604 581 579 576 557 9/26/2008 10/3/2008 10/10/2008 10/17/2008 10/24/2008 10/31/2008 11/7/2008 11/14/2008 11/21/2008 11/28/2008 12/5/2008 12/12/2008 12/19/2008 12/26/2008 4194 9/19/2008 4500 4000 3500 3000 2500 2000 1500 1000 500 0 Dates NSH BAR Amount of Listings
22359 21384 12/26/2008 22646 12/12/2008 12/19/2008 22853 12/5/2008 23486 11/28/2008 23674 MRED Active Condo Listings 24768 24081 23991 23861 10/24/2008 10/31/2008 11/7/2008 11/14/2008 11/21/2008 24782 10/17/2008 24985 10/10/2008 24971 10/3/2008 25620 9/26/2008 25670 9/19/2008 30000 25000 20000 15000 10000 5000 0 Dates MRED Amount of Listings
NSBAR Condos Active Listings 1419 1376 1358 1350 1356 1336 1330 1306 1300 1287 1273 1261 1261 1210 49 50 52 51 48 45 46 48 44 41 41 41 38 36 35 9/26/2008 10/3/2008 10/10/2008 10/17/2008 10/24/2008 10/31/2008 11/7/2008 11/14/2008 11/21/2008 11/28/2008 12/5/2008 12/12/2008 12/19/2008 12/26/2008 1470 9/19/2008 1600 1400 1200 1000 800 600 400 200 0 Dates NSH BAR Amount of Listings
NSBAR Absorption Rate 300 250 241 Weeks to Sell Current Inventory 200 150 100 130 64 84 69 116 78 108 94 167 124 157 88 7778 71 66 100 82 63 63 95 59 114 85 85 75 120 113 87 Barrington North Shore 50 0 Oct 2007 Nov 2007 Dec 2007 Jan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 Time Period This table shows the number of weeks inventory that exists in the NSBAR market area by month for the past 15 months broken out between North Shore and Barrington. Produced by NSBAR from information in MRED
NSBAR Supply Demand Ratio for Single Family Homes Barrington North Shore 60.0 55.7 50.0 Supply/Demand Ratio 40.0 30.0 20.0 29.9 14.7 19.4 15.9 26.8 18.0 25.0 21.8 38.6 28.6 36.2 20.4 17.7 18.0 16.5 15.2 23.0 18.8 14.4 14.5 21.9 13.6 26.3 19.7 19.6 17.3 27.7 26.0 20.0 10.0 0.0 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Dates The numbers in the chart represent the ratio of the number of homes for sale to the number of homes sold. Produced by NSBAR from information in MRED
North Shore New Construction 1000 900 800 Amount of Listings 700 600 500 400 300 FS # UC # New # Sold # 200 100 0 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 FS # 866 837 765 736 673 648 628 555 511 511 505 451 451 423 388 UC # 33 28 26 23 28 20 17 27 24 19 16 13 10 10 9 New # 163 109 56 141 57 74 94 62 81 89 76 62 58 44 41 Sold # 23 20 27 19 9 20 22 18 16 25 15 10 12 11 3 May- 08 Dates Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Produced by NSBAR from information in MRED
Barrington New Construction 120 100 Amount of Listings 80 60 40 FS # UC # New # Sold # 20 0 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May- 08 May- 08 Dates Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 FS # 99 84 88 69 62 64 59 65 60 50 56 53 53 56 51 UC # 4 1 3 6 2 2 2 3 8 1 1 4 0 1 1 New # 12 10 10 17 8 13 9 11 12 4 14 8 3 5 1 Sold # 3 1 1 2 1 1 1 3 4 0 2 3 1 0 2 These two charts show, for the past fifteen months th number of new units on the market for North Shore and Barrington respectively. Produced by NSBAR from information in MRED
NSBAR Market Time 350 300 300 276 287 250 253 249 220 230 Amount of Daays 200 150 141 135 146 184 176 168 168 184 193 182 198 177 183 169 203 194 178 176 173 184 163 186 176 NSH DOM BAR DOM 100 50 0 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Months The graph shows the days on the market for both North Shore and Barrington for the past fifteen months. Produced by NSBAR from information in MRED
Mortgage Rate Trends 30 year FRM 15 year FRM 1 year ARM 7.00 6.00 5.00 4.00 3.00 Interest Rate 2.00 1.00 0.00 12/28/2007 1/11/2008 1/25/2008 2/8/2008 2/22/2008 3/7/2008 3/21/2008 4/4/2008 4/18/2008 5/2/2008 5/16/2008 5/30/2008 6/13/2008 6/27/2008 7/11/2008 7/25/2008 8/8/2008 8/22/2008 9/5/2008 9/19/2008 10/3/2008 10/17/2008 10/31/2008 11/14/2008 11/28/2008 12/12/2008 12/26/2008 Weekending This graph lays out the rates on thirty- and fifteen-year fixed rate mortgages and one-year ARMS for the past year. Produced by NSBAR from information in MRED
Cook County - # HOUSES SOLD BY MONTH 3,500 3,000 2,500 # SOLD 2,000 1,500 1,000 2006 2007 2008 AVG 500 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cook County - AVERAGE LIST PRICE BY MONTH 450,000 400,000 350,000 300,000 250,000 200,000 150,000 2006 2007 2008 AVG 100,000 50,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cook County - AVERAGE SALE PRICE BY MONTH 450,000 400,000 350,000 300,000 250,000 200,000 150,000 2006 2007 2008 AVG 100,000 50,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cook County - AVERAGE TIME ON MARKET BY MONTH 180 160 140 120 100 80 60 2006 2007 2008 AVG 40 20 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cook County - Statistics as of 01/06/2009 Prepared by: North Shore - Barrington Association of REALTORS Property Type: Detached Single Family # HOUSES AVERAGE LIST AVERAGE SALE AVERAGE TIME SOLD YTD PRICE PRICE ON MARKET 2006 2007 2008 AVG 2006 2007 2008 AVG 2006 2007 2008 AVG 2006 2007 2008 AVG Jan 2,006 1,578 1,074 1,553 351,726 375,464 383,281 370,157 340,671 356,415 358,884 351,990 78 119 158 118 Feb 1,840 1,497 1,061 1,466 334,900 362,511 347,083 348,165 324,116 345,740 326,677 332,178 86 128 169 128 Mar 2,808 2,049 1,433 2,097 350,094 398,400 384,226 377,573 338,373 380,833 360,479 359,895 84 135 168 129 Apr 2,788 2,076 1,611 2,158 361,173 391,117 341,228 364,506 350,292 376,086 320,822 349,067 83 131 163 126 May 3,282 2,408 1,751 2,480 364,810 383,488 349,575 365,958 356,835 368,431 329,772 351,679 80 125 162 122 Jun 3,360 2,564 1,980 2,635 386,819 416,392 373,956 392,389 375,123 400,003 352,605 375,910 75 116 162 118 Jul 2,853 2,374 1,931 2,386 382,026 416,208 390,023 396,086 369,370 399,151 366,648 378,390 76 118 156 117 Aug 3,242 2,452 1,888 2,527 368,333 428,830 397,727 398,297 356,552 410,706 373,859 380,372 79 122 154 118 Sep 2,467 1,692 1,862 2,007 364,663 391,158 313,347 356,389 351,476 373,896 293,245 339,539 88 126 167 127 Oct 2,332 1,764 1,722 1,939 350,102 388,765 310,965 349,944 336,190 367,641 288,814 330,882 90 130 167 129 Nov 2,057 1,531 1,309 1,632 361,241 362,158 281,407 334,935 352,339 341,491 260,953 318,261 97 141 155 131 Dec 1,973 1,320 1,345 1,546 370,344 391,346 316,963 359,551 354,604 369,465 293,986 339,352 109 145 170 141 TOTAL 31,008 23,305 18,967 24427 362,186 392,153 349,148 367,829 350,495 374,155 327,229 350,626 85 128 163 125 MEDIAN LIST PRICE MEDIAN SALE PRICE 2006 2007 2008 AVG 2006 2007 2008 AVG Jan 254,900 257,900 249,900 254,233 255,000 262,000 240,000 252,333 Feb 262,900 279,900 229,900 257,567 250,000 255,000 225,500 243,500 Mar 269,950 338,000 249,900 285,950 260,000 270,000 242,000 257,333 Apr 289,894 292,450 239,900 274,081 270,000 285,000 235,000 263,333 May 267,400 277,400 274,900 273,233 270,000 270,150 250,000 263,383 Jun 307,450 304,500 276,950 296,300 288,000 300,000 260,000 282,667 Jul 289,000 308,950 279,900 292,617 285,000 295,000 258,000 279,333 Aug 272,400 299,700 289,900 287,333 272,000 299,700 255,000 275,567 Sep 269,000 288,450 228,450 261,967 270,000 280,000 212,000 254,000 Oct 272,400 276,450 204,950 251,267 260,000 259,000 210,000 243,000 Nov 274,500 258,000 178,000 236,833 262,000 248,000 190,000 233,333 Dec 258,000 272,450 179,900 236,783 258,000 250,000 179,000 229,000 TOTAL 273,983 287,846 240,213 267,347 266,667 272,821 229,708 256,399
Lake County - # HOUSES SOLD BY MONTH 1,200 1,000 800 # SOLD 600 400 2006 2007 2008 AVG 200 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Lake County - AVERAGE LIST PRICE BY MONTH 600,000 500,000 400,000 300,000 200,000 2006 2007 2008 AVG 100,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Lake County - AVERAGE SALE PRICE BY MONTH 600,000 500,000 400,000 300,000 200,000 2006 2007 2008 AVG 100,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Lake County - AVERAGE TIME ON MARKET BY MONTH 200 180 160 140 120 100 80 2006 2007 2008 AVG 60 40 20 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Lake County - Statistics as of 01/06/2009 Prepared by: North Shore - Barrington Association of REALTORS Property Type: Detached Single Family # HOUSES AVERAGE LIST AVERAGE SALE AVERAGE TIME SOLD YTD PRICE PRICE ON MARKET 2006 2007 2008 AVG 2006 2007 2008 AVG 2006 2007 2008 AVG 2006 2007 2008 AVG Jan 422 346 269 346 422,005 410,966 422,596 418,522 415,469 392,321 396,709 401,500 99 127 193 140 Feb 451 366 285 367 363,762 396,715 391,045 383,841 352,637 378,336 363,875 364,949 107 160 186 151 Mar 654 496 351 500 423,401 439,679 409,800 424,293 398,313 417,170 385,440 400,308 112 155 200 156 Apr 668 567 381 539 422,530 414,935 420,026 419,164 423,145 395,820 393,087 404,017 111 157 170 146 May 768 613 471 617 420,677 410,999 428,079 419,918 405,416 392,573 398,912 398,967 103 138 180 140 Jun 1,038 726 519 761 462,114 507,338 441,428 470,293 445,617 485,770 411,160 447,516 89 124 164 126 Jul 738 672 501 637 434,003 529,333 441,813 468,383 423,704 490,441 413,214 442,453 84 126 164 125 Aug 851 655 484 663 438,900 492,806 433,021 454,909 511,269 466,966 404,835 461,023 94 126 160 127 Sep 620 417 432 490 433,435 443,716 347,858 408,336 415,345 416,961 326,167 386,158 99 141 172 137 Oct 536 424 361 440 414,903 443,786 355,975 404,888 397,871 419,683 330,312 382,622 117 146 184 149 Nov 477 375 266 373 413,152 453,474 352,051 406,226 396,379 422,377 322,901 380,552 119 164 175 153 Dec 497 344 304 382 525,352 439,779 383,251 449,461 495,545 412,713 352,364 420,207 128 163 191 161 TOTAL 7,720 6,001 4,624 6115 431,186 448,627 402,245 427,353 423,393 424,261 374,915 407,523 105 144 178 142 MEDIAN LIST PRICE MEDIAN SALE PRICE 2006 2007 2008 AVG 2006 2007 2008 AVG Jan 289,900 292,400 294,900 292,400 285,000 288,500 273,000 282,167 Feb 239,888 300,000 259,900 266,596 237,000 292,875 250,000 259,958 Mar 284,000 276,200 299,500 286,567 282,875 272,000 288,000 280,958 Apr 287,400 299,900 314,900 300,733 283,500 284,000 290,000 285,833 May 298,950 300,000 325,000 307,983 299,000 285,000 303,000 295,667 Jun 326,500 361,900 299,900 329,433 325,000 342,750 290,000 319,250 Jul 302,938 349,400 419,900 357,413 295,450 340,000 300,000 311,817 Aug 310,746 335,000 322,450 322,732 305,000 330,000 300,000 311,667 Sep 273,900 312,000 266,200 284,033 271,250 310,000 243,500 274,917 Oct 298,950 319,400 253,000 290,450 292,750 300,000 250,000 280,917 Nov 281,900 299,900 236,950 272,917 274,000 285,000 220,000 259,667 Dec 325,000 315,037 259,950 299,996 310,000 303,250 245,000 286,083 TOTAL 293,339 313,428 296,046 300,938 288,402 302,781 271,042 287,408
Year End Home Sales Avg OLP Avg SP Avg MT AREA CITY 2006 2007 2008 2006 2007 2008 2006 2007 2008 5 ARLINGTON HEIGHTS 489,403 498,983 467,421 460,966 464,063 426,620 90 151 181 10 BARRINGTON 670,845 661,345 646,483 628,897 606,436 569,518 100 175 202 10 BARRINGTON HILLS 1,378,028 1,141,691 1,631,570 1,196,154 999,702 1,402,763 252 260 275 10 DEER PARK 632,427 705,822 666,890 594,654 654,000 627,564 97 122 112 10 LAKE BARRINGTON 746,271 883,690 721,878 712,845 836,220 649,722 124 136 262 10 NORTH BARRINGTON 968,915 1,008,890 1,013,079 869,438 893,090 882,686 220 267 306 10 PORT BARRINGTON 347,492 319,750 329,916 329,796 292,975 297,039 172 218 242 10 SOUTH BARRINGTON 1,199,647 1,170,899 1,310,354 1,106,764 1,087,686 1,182,754 120 176 205 10 TOWER LAKES 621,725 629,873 428,300 594,375 571,833 362,333 198 223 207 13 CARY 351,980 351,625 317,121 336,244 329,687 281,886 107 153 184 13 OAKWOOD HILLS 239,257 359,571 221,614 219,143 333,471 183,786 63 116 226 14 CRYSTAL LAKE 313,905 330,969 312,329 298,737 308,249 278,019 102 151 176 14 LAKEWOOD 589,118 567,991 545,262 556,784 514,095 478,673 192 182 294 14 PRAIRIE GROVE 628,780 718,800 745,033 573,400 712,667 659,782 283 241 230 15 DEERFIELD 741,860 772,801 742,290 692,090 717,304 652,800 101 140 206 16 DES PLAINES 373,604 373,475 333,676 355,347 348,564 295,201 73 117 162 22 GLENCOE 1,451,026 1,633,745 1,501,236 1,340,220 1,458,768 1,307,631 153 224 225 25 GLENVIEW 793,227 867,849 829,688 746,734 790,074 727,456 94 158 183 25 GOLF 869,000 731,475 925,857 847,250 652,500 829,286 319 252 338 30 GAGES LAKE 215,086 149,885 152,983 203,500 138,500 136,500 94 92 110 30 GRAYSLAKE 313,814 291,193 315,877 299,640 273,554 286,222 84 117 155 30 HAINESVILLE 262,447 246,557 233,864 251,207 233,708 219,154 72 88 180 30 THIRD LAKE 343,873 340,208 280,227 329,909 320,462 257,327 72 156 78 30 WILDWOOD 222,746 225,660 241,922 211,688 211,734 221,562 78 80 130 31 GURNEE 362,807 382,288 366,891 344,042 357,396 324,779 88 140 167 35 HIGHLAND PARK 1,109,489 933,642 911,468 984,994 821,302 777,950 123 202 227 40 HIGHWOOD 476,494 473,362 320,200 446,500 446,769 252,406 115 71 171 42 ISLAND LAKE 229,492 254,218 225,788 219,340 245,389 203,564 88 125 186 43 KENILWORTH 1,623,680 2,269,170 2,422,550 1,490,248 1,995,891 2,065,370 78 242 208 44 LAKE BLUFF 932,104 1,066,492 728,914 857,916 891,571 642,709 123 170 192 45 LAKE FOREST 1,545,622 1,755,372 1,478,168 1,364,217 1,545,732 1,275,165 152 195 195 47 HAWTHORN WOODS 699,468 731,232 690,891 659,840 687,853 622,355 115 186 191 47 KILDEER 919,579 854,553 891,622 863,597 789,825 770,936 146 130 212 47 LAKE ZURICH 400,774 386,458 388,289 382,293 362,549 355,871 89 130 143 47 LONG GROVE 996,750 932,514 980,389 937,263 854,719 853,968 149 186 261 48 GREEN OAKS 775,540 818,881 769,338 727,502 754,627 659,038 124 153 255 48 LIBERTYVILLE 602,953 589,940 577,328 571,593 551,231 518,435 131 163 210 50 HOLIDAY HILLS 248,700 185,150 131,583 222,750 170,950 125,983 90 157 53 50 JOHNSBURG 313,182 345,988 309,206 304,336 325,453 271,369 93 128 150 50 LAKEMOOR 236,258 255,310 198,353 243,260 252,535 174,711 88 135 159 50 MCCULLOM LAKE 179,920 119,810 132,600 164,900 109,600 124,643 122 74 89 50 MCHENRY 258,870 262,149 229,713 246,246 243,825 206,315 94 130 157 50 RINGWOOD 399,722 477,838 389,950 386,500 435,188 345,250 64 227 232 Information compares YTD sales of the following years 2005, 2006, 2007
Avg OLP Avg SP Avg MT AREA CITY 2006 2007 2008 2006 2007 2008 2006 2007 2008 53 MORTON GROVE 450,353 448,040 422,974 427,992 418,104 372,967 68 124 161 56 MOUNT PROSPECT 415,765 420,805 387,703 396,601 389,664 347,179 65 125 152 60 IVANHOE 956,164 889,829 810,550 904,243 796,114 681,683 217 201 408 60 MUNDELEIN 335,651 335,688 309,277 320,232 315,088 275,668 96 126 174 61 INDIAN CREEK 503,875 485,278 461,414 474,219 452,278 410,643 121 145 127 61 VERNON HILLS 535,446 548,730 549,404 510,507 508,718 495,330 82 143 150 62 NORTHBROOK 807,937 759,076 747,207 749,827 691,115 664,940 97 142 174 67 PALATINE 460,823 471,925 477,087 441,098 444,692 433,909 90 133 158 69 LINCOLNSHIRE 744,584 22,875,178 690,151 707,568 756,786 618,180 78 122 245 73 ROUND LAKE 275,749 270,237 240,353 269,209 248,487 206,239 82 156 168 73 ROUND LAKE BEACH 185,289 184,448 164,033 177,219 174,124 145,665 68 111 158 73 ROUND LAKE HEIGHTS 214,280 187,388 167,479 206,936 175,535 148,439 95 93 185 73 ROUND LAKE PARK 161,349 171,587 138,001 154,190 159,901 122,123 93 92 107 76 SKOKIE 459,334 437,979 386,092 434,851 403,266 344,767 71 119 151 84 WAUCONDA 317,059 294,631 301,798 312,324 274,368 270,380 98 136 150 85 PARK CITY 219,193 213,750 193,359 211,369 210,250 175,250 109 127 129 85 WAUKEGAN 174,057 169,633 141,553 164,006 157,278 122,673 94 120 161 89 BUFFALO GROVE 465,330 447,482 440,693 443,233 417,033 399,722 67 114 135 90 WHEELING 333,273 307,402 283,442 320,779 290,542 252,241 61 125 166 91 WILMETTE 1,012,457 1,049,400 1,022,298 938,044 970,438 912,425 97 131 151 93 WINNETKA 1,802,901 1,872,768 1,711,498 1,638,262 1,686,643 1,498,457 138 192 196 102 ALGONQUIN 346,860 347,028 327,167 329,732 327,384 292,663 97 139 183 115 DEKALB 215,429 212,266 207,601 207,332 198,922 188,107 68 95 137 156 LAKE IN THE HILLS 286,081 288,438 251,825 277,834 272,834 228,022 82 118 150 178 SYCAMORE 267,186 276,901 283,180 255,696 259,823 253,147 107 138 195 193 SCHAUMBURG 409,418 389,648 372,900 391,127 365,264 337,458 83 137 162 194 HOFFMAN ESTATES 375,747 395,295 354,430 360,763 382,108 328,610 75 91 157 201 EVANSTON 657,758 703,403 676,401 621,531 655,236 618,724 72 115 134 645 LINCOLNWOOD 639,782 779,709 640,034 598,338 709,562 541,822 105 156 165 7115 BANNOCKBURN 1,752,571 2,427,800 1,474,000 1,536,786 2,089,000 1,381,250 445 370 335 7145 METTAWA 1,546,667 1,674,000 1,874,950 1,330,000 1,550,000 1,490,000 106 289 127 7167 INVERNESS 883,903 785,637 772,574 807,248 725,146 688,520 153 235 161 7169 PRAIRIE VIEW 420,173 278,580 280,950 395,682 250,600 247,750 104 90 135 7193 NORTHFIELD 1,116,834 1,327,329 1,064,294 1,033,993 1,146,991 950,374 110 185 151 7215 RIVERWOODS 991,324 940,585 1,092,981 936,561 864,129 952,370 126 130 257 8001 CHICAGO 521,788 501,092 462,613 490,237 475,333 398,200 122 88 213 8002 CHICAGO 453,005 462,840 421,404 431,479 430,534 371,606 77 129 132 8006 CHICAGO 1,268,359 1,281,754 1,419,219 1,202,220 1,200,528 1,289,404 135 166 167 8008 CHICAGO 3,076,338 2,977,454 3,586,039 2,526,622 2,644,680 3,071,473 303 223 308 Average 527,349 564,022 530829 493,064 517,997 471,356 96 140 172 %change from previous year 6.95% -5.89% 5.06% -9.00% 45.83% 22.86% Information compares YTD sales of the following years 2005, 2006, 2007
# Listed #Sold Volume AREA CITY 2006 2007 2008 2006 2007 2008 2006 2007 2008 5 ARLINGTON HEIGHTS 1684 1475 1204 560 546 400 258,141,104 253,378,413 170,648,074 10 BARRINGTON 624 543 492 259 195 143 162,884,425 118,255,023 81,441,010 10 BARRINGTON HILLS 171 140 165 65 34 36 77,750,022 33,989,879 50,499,475 10 DEER PARK 56 46 71 26 18 24 15,461,000 11,772,000 15,061,547 10 LAKE BARRINGTON 75 81 83 31 29 27 22,098,200 24,250,387 17,542,500 10 NORTH BARRINGTON 114 118 124 46 39 28 39,994,150 34,830,500 24,715,216 10 PORT BARRINGTON 74 89 68 25 12 15 8,244,912 3,515,700 4,455,583 10 SOUTH BARRINGTON 85 127 153 36 37 33 39,843,500 40,244,375 39,030,869 10 TOWER LAKES 30 25 13 4 15 3 2,377,500 8,577,500 1,087,000 13 CARY 696 634 522 310 235 207 104,235,622 77,476,334 58,350,418 13 OAKWOOD HILLS 27 41 16 7 17 7 1,534,000 5,669,000 1,286,500 14 CRYSTAL LAKE 1350 1282 1091 619 445 332 184,918,161 137,170,701 92,302,417 14 LAKEWOOD 141 139 142 49 43 27 27,282,400 22,106,100 12,924,168 14 PRAIRIE GROVE 28 36 30 5 6 9 2,867,000 4,276,000 5,938,041 15 DEERFIELD 501 487 471 228 190 128 157,796,619 136,287,838 83,558,425 16 DES PLAINES 1187 1160 1047 450 315 250 159,906,057 109,797,673 73,800,252 22 GLENCOE 336 296 280 112 107 92 150,104,659 156,088,137 120,302,050 25 GLENVIEW 1206 1181 976 385 347 290 287,492,408 274,155,770 210,962,284 25 GOLF 18 22 27 2 4 7 1,694,500 2,610,000 5,805,000 30 GAGES LAKE 21 21 25 7 6 12 1,424,500 831,000 1,638,000 30 GRAYSLAKE 700 640 552 339 295 238 101,577,824 80,698,513 68,120,775 30 HAINESVILLE 77 71 70 47 30 28 11,806,739 7,011,250 6,136,300 30 THIRD LAKE 17 23 26 11 13 6 3,629,000 4,166,000 1,543,962 30 WILDWOOD 91 75 55 44 39 26 9,314,260 8,257,610 5,760,600 31 GURNEE 881 774 697 405 342 260 139,337,141 122,229,493 84,442,427 35 HIGHLAND PARK 935 833 725 343 270 239 337,852,898 221,751,450 185,930,003 40 HIGHWOOD 43 64 43 17 13 8 7,590,500 5,808,000 2,019,250 42 ISLAND LAKE 294 265 217 120 94 59 26,320,844 23,066,574 12,010,300 43 KENILWORTH 93 71 78 25 44 18 37,256,212 87,819,200 37,176,663 44 LAKE BLUFF 248 255 201 113 100 76 96,944,500 89,157,145 48,845,900 45 LAKE FOREST 621 624 565 286 228 156 390,166,132 352,426,895 198,925,664 47 HAWTHORN WOODS 291 281 245 80 82 80 52,787,163 56,403,953 49,788,413 47 KILDEER 140 130 160 61 44 37 52,679,400 34,752,302 28,524,625 47 LAKE ZURICH 589 509 457 265 225 176 101,307,731 81,573,422 62,633,324 47 LONG GROVE 339 327 279 99 107 59 92,789,030 91,454,953 50,384,095 48 GREEN OAKS 90 107 90 30 38 26 21,825,060 28,675,833 17,135,000 48 LIBERTYVILLE 711 673 556 256 270 190 146,327,819 148,832,435 98,502,616 50 HOLIDAY HILLS 16 16 12 4 4 6 891,000 683,800 755,900 50 JOHNSBURG 218 224 203 86 60 45 26,172,908 19,527,198 12,211,605 50 LAKEMOOR 157 152 117 82 53 29 19,947,354 13,384,369 5,066,630 50 MCCULLOM LAKE 10 15 16 5 5 7 824,500 548,000 872,500 50 MCHENRY 1226 1204 988 582 463 344 143,314,974 112,891,203 70,972,418 50 RINGWOOD 23 16 22 9 8 2 3,478,500 3,481,500 690,500 Information compares YTD sales of the following years 2005, 2006, 2007
# Listed #Sold Volume AREA CITY 2006 2007 2008 2006 2007 2008 2006 2007 2008 53 MORTON GROVE 676 619 466 224 170 127 95,870,155 71,077,650 47,366,830 56 MOUNT PROSPECT 955 909 768 323 304 221 128,102,007 118,457,859 76,726,595 60 IVANHOE 37 34 23 14 7 6 12,659,400 5,572,800 4,090,099 60 MUNDELEIN 829 781 691 401 284 199 128,413,214 89,484,908 54,858,024 61 INDIAN CREEK 35 20 29 8 9 7 3,793,750 4,070,500 2,874,500 61 VERNON HILLS 477 368 305 231 175 127 117,927,076 89,025,706 62,906,950 62 NORTHBROOK 926 864 804 309 270 251 231,696,611 186,601,123 166,899,890 67 PALATINE 989 952 887 417 301 267 183,937,704 133,852,357 115,853,580 69 LINCOLNSHIRE 210 218 166 77 69 43 54,482,750 52,218,263 26,581,750 73 ROUND LAKE 718 636 530 293 168 151 78,878,340 41,745,732 31,142,164 73 ROUND LAKE BEACH 759 698 612 388 260 190 68,761,041 45,272,206 27,676,349 73 ROUND LAKE HEIGHTS 119 93 79 44 33 26 9,105,183 5,792,650 3,859,419 73 ROUND LAKE PARK 185 194 134 102 69 43 15,727,370 11,033,145 5,251,280 76 SKOKIE 1155 1151 910 369 301 242 160,459,838 121,383,001 83,433,576 84 WAUCONDA 422 401 420 188 157 108 58,716,945 43,075,746 29,201,049 85 PARK CITY 22 19 20 16 4 10 3,381,900 841,000 1,752,500 85 WAUKEGAN 1530 1471 1202 755 491 409 123,824,819 77,223,339 50,173,440 89 BUFFALO GROVE 727 638 511 312 269 206 138,288,575 112,181,881 82,342,754 90 WHEELING 341 343 346 153 95 86 49,079,200 27,601,446 21,692,700 91 WILMETTE 713 698 619 341 314 244 319,873,015 304,717,388 222,631,654 93 WINNETKA 434 423 420 198 210 147 324,375,930 354,195,080 220,273,200 102 ALGONQUIN 859 780 641 386 253 208 127,276,531 82,828,042 60,873,979 115 DEKALB 488 477 480 325 256 194 67,382,778 50,924,148 36,492,740 156 LAKE IN THE HILLS 918 830 670 447 301 227 124,191,658 82,122,939 51,761,088 178 SYCAMORE 462 427 353 238 203 163 60,855,655 52,744,160 41,262,910 193 SCHAUMBURG 819 792 589 356 279 236 139,241,361 101,908,538 79,640,151 194 HOFFMAN ESTATES 905 909 743 376 342 246 135,646,795 130,681,106 80,837,999 201 EVANSTON 923 897 792 459 368 333 285,282,650 241,127,021 206,034,960 645 LINCOLNWOOD 381 422 371 91 68 67 54,448,800 48,250,200 36,302,100 7115 BANNOCKBURN 27 33 23 7 5 2 10,757,500 10,445,000 2,762,500 7145 METTAWA 15 26 22 3 2 2 3,990,000 3,100,000 2,980,000 7167 INVERNESS 236 231 202 83 76 40 67,001,575 55,111,113 27,540,795 7169 PRAIRIE VIEW 41 35 20 11 5 4 4,352,500 1,253,000 991,000 7193 NORTHFIELD 116 137 131 47 45 35 48,597,660 51,614,600 33,263,100 7215 RIVERWOODS 124 127 142 49 34 26 45,891,500 29,380,400 24,761,625 8001 CHICAGO 101 80 84 34 24 24 16,668,050 11,408,000 9,556,794 8002 CHICAGO 368 367 275 131 115 87 56,523,700 49,511,400 32,329,735 8006 CHICAGO 465 420 401 160 128 106 192,355,140 153,667,556 136,676,819 8008 CHICAGO 97 116 98 34 37 23 85,905,155 97,853,170 70,643,869 Total 35,838 33,928 29,353 14,935 11,968 9,318 7,363,916,059 6,199,237,601 4,392,098,766 %change from previous year -5.33% -13.48% -19.87% -22.14% -15.82% -29.15% Information compares YTD sales of the following years 2005, 2006, 2007
Condo Sales End of Year Avg OLP Avg SP Avg MT Area City 2006 2007 2008 2006 2007 2008 2006 2007 2008 5 ARLINGTON HEIGHTS 194,510 197,729 212,089 179,632 182,784 192,357 77 112 175 10 BARRINGTON 264,646 256,649 283,700 273,022 244,490 260,917 108 177 299 10 LAKE BARRINGTON 309,574 309,913 263,475 291,332 286,607 224,953 83 128 157 14 CRYSTAL LAKE 161,601 148,389 153,917 152,048 143,130 145,807 90 121 142 15 DEERFIELD 311,063 300,339 273,627 292,371 280,203 244,818 94 117 172 16 DES PLAINES 186,581 185,362 178,104 178,501 174,569 162,082 87 128 155 22 GLENCOE 339,843 323,500 399,450 312,286 302,675 388,000 52 175 183 25 GLENVIEW 255,164 258,208 238,546 240,594 238,718 209,361 83 127 163 30 GRAYSLAKE 189,329 233,111 199,190 191,267 226,763 185,105 27 159 102 30 HAINESVILLE 175,880 164,900 162,400 166,300 162,000 141,250 112 25 266 30 WILDWOOD 138,999 132,233 139,900 138,999 130,308 134,400 10 49 99 31 GURNEE 152,208 155,419 143,484 137,401 147,101 125,213 32 100 216 35 HIGHLAND PARK 467,820 526,675 543,217 435,744 482,688 489,431 114 151 163 40 HIGHWOOD 277,450 357,560 450,000 254,950 341,180 372,500 87 91 167 42 ISLAND LAKE 279,900 194,500 161,400 276,000 176,000 127,500 5 99 198 44 LAKE BLUFF 206,004 193,930 202,690 201,270 181,250 180,700 131 138 313 45 LAKE FOREST 409,383 847,440 511,771 375,625 840,305 464,668 118 83 143 47 LAKE ZURICH 208,956 240,740 257,630 202,711 226,311 243,637 57 118 100 48 LIBERTYVILLE 232,870 228,826 201,787 221,912 216,379 185,128 76 122 181 50 MCHENRY 131,213 134,300 139,748 126,418 126,443 131,855 55 100 120 53 MORTON GROVE 244,586 261,633 223,429 231,735 247,742 202,303 77 146 175 56 MOUNT PROSPECT 180,050 205,603 182,839 165,333 192,493 162,574 83 153 197 60 MUNDELEIN 155,322 161,823 192,420 147,341 160,132 173,213 111 84 83 61 VERNON HILLS 191,094 192,054 194,880 180,894 182,053 176,482 67 115 112 Avg OLP Avg SP Avg MT
Area City 2006 2007 2008 2006 2007 2008 2006 2007 2008 62 NORTHBROOK 323,667 331,212 297,643 302,519 299,298 253,034 103 156 208 67 PALATINE 165,825 171,743 166,922 159,889 162,983 151,302 90 117 129 69 LINCOLNSHIRE 404,290 368,813 367,425 385,950 327,625 314,475 184 175 266 73 ROUND LAKE 143,121 156,843 153,780 135,435 146,571 124,900 89 108 161 73 ROUND LAKE BEACH 122,461 123,502 125,241 118,985 119,478 117,000 82 62 143 76 SKOKIE 262,831 278,593 237,792 254,249 262,122 213,370 75 146 209 84 WAUCONDA 176,170 185,300 184,261 167,348 174,508 165,167 101 132 193 85 WAUKEGAN 103,440 109,467 102,183 103,322 106,126 88,283 77 90 151 89 BUFFALO GROVE 184,850 187,819 190,440 175,739 174,300 169,856 105 142 151 90 WHEELING 181,124 191,417 220,661 173,465 181,331 188,590 93 122 134 91 WILMETTE 368,947 442,735 508,060 346,831 413,867 477,960 108 152 98 93 WINNETKA 463,806 561,623 600,857 427,823 535,682 541,714 123 96 237 102 ALGONQUIN 194,086 202,860 207,900 186,700 189,614 196,750 100 136 78 156 LAKE IN THE HILLS 132,073 134,729 135,680 127,875 128,168 131,605 54 112 98 178 SYCAMORE 146,871 155,245 156,017 144,717 149,859 151,754 40 129 113 193 SCHAUMBURG 169,862 166,692 170,275 163,623 163,840 161,358 67 65 90 194 HOFFMAN ESTATES 129,386 128,377 119,985 124,300 121,258 106,882 74 114 155 201 EVANSTON 311,678 330,095 319,525 299,978 313,428 293,706 126 149 172 645 LINCOLNWOOD 341,352 357,676 358,960 314,967 312,250 302,500 164 291 389 7193 NORTHFIELD 311,871 372,653 497,092 300,248 354,518 475,769 44 114 117 8001 CHICAGO 226,454 235,402 233,264 224,178 227,444 217,587 108 147 183 8002 CHICAGO 222,896 230,305 194,236 216,318 221,829 176,192 112 137 179 8006 CHICAGO 356,706 368,812 377,929 347,245 358,766 361,991 91 101 107 8008 CHICAGO 503,303 545,793 594,530 487,487 530,042 572,096 90 112 129 Average 320,054 354,859 382,257 309,236 340,840 362,502 92 118 137 %change from previous year 10.87% 7.72% 10.22% 6.36% 28.26% 16.10% #Listed #Sold Volume
AREA CITY 2006 2007 2008 2006 2007 2008 2006 2007 2008 5 ARLINGTON HEIGHTS 971 923 794 414 338 191 74,367,693 61,780,887 36,740,154 10 BARRINGTON 61 42 37 39 11 6 10,647,854 2,689,388 1,565,500 10 LAKE BARRINGTON 42 39 45 19 15 18 5,535,300 4,299,100 4,049,150 14 CRYSTAL LAKE 232 293 187 131 115 84 19,918,335 16,459,904 12,247,786 15 DEERFIELD 72 72 53 41 45 22 11,987,200 12,609,149 5,386,000 16 DES PLAINES 1563 1525 1146 549 363 250 97,996,935 63,368,622 40,520,590 22 GLENCOE 14 16 8 7 8 2 2,186,000 2,421,400 776,000 25 GLENVIEW 388 373 312 159 132 76 38,254,525 31,510,813 15,911,400 30 GRAYSLAKE 127 66 78 58 19 10 11,093,460 4,308,488 1,851,050 30 HAINESVILLE 18 11 5 5 2 2 831,500 324,000 282,500 30 WILDWOOD 110 27 21 35 9 2 4,864,959 1,172,775 268,800 31 GURNEE 140 108 89 90 51 27 12,366,049 7,502,139 3,380,750 35 HIGHLAND PARK 148 120 119 76 53 31 33,116,550 25,582,460 15,172,350 40 HIGHWOOD 7 9 9 2 5 1 509,900 1,705,900 372,500 42 ISLAND LAKE 2 2 4 1 1 2 276,000 176,000 255,000 44 LAKE BLUFF 56 43 29 46 10 10 9,258,432 1,812,500 1,807,000 45 LAKE FOREST 43 91 50 24 37 17 9,015,000 31,091,284 7,899,362 47 LAKE ZURICH 16 19 24 9 7 11 1,824,400 1,584,180 2,680,005 48 LIBERTYVILLE 78 75 62 45 38 27 9,986,050 8,222,400 4,998,450 50 MCHENRY 90 119 83 64 62 40 8,090,759 7,839,480 5,274,200 53 MORTON GROVE 153 201 167 49 44 35 11,355,010 10,900,650 7,080,619 56 MOUNT PROSPECT 461 441 366 306 115 70 50,592,003 22,136,687 11,380,175 60 MUNDELEIN 48 98 71 18 17 15 2,652,137 2,722,250 2,598,200 61 VERNON HILLS 207 191 153 108 87 47 19,536,590 15,838,625 8,294,674
#Listed #Sold Volume AREA CITY 2006 2007 2008 2006 2007 2008 2006 2007 2008 62 NORTHBROOK 263 300 245 94 103 59 28,436,800 30,827,722 14,929,000 67 PALATINE 1230 1182 961 453 318 218 72,429,800 51,828,593 32,983,773 69 LINCOLNSHIRE 19 41 48 10 8 4 3,859,500 2,621,000 1,257,900 73 ROUND LAKE 27 23 16 14 7 5 1,896,090 1,026,000 624,500 73 ROUND LAKE BEACH 72 70 62 49 32 16 5,830,289 3,823,300 1,872,000 76 SKOKIE 738 677 528 292 177 89 74,240,811 46,395,571 18,989,890 84 WAUCONDA 75 49 48 53 20 15 8,869,465 3,490,150 2,477,500 85 WAUKEGAN 129 97 71 29 31 17 2,996,345 3,289,913 1,500,810 89 BUFFALO GROVE 453 356 353 189 116 83 33,214,715 20,218,799 14,098,040 90 WHEELING 435 349 313 140 107 76 24,285,068 19,402,368 14,332,848 91 WILMETTE 83 95 139 45 35 58 15,607,400 14,485,338 27,721,665 93 WINNETKA 31 26 25 16 22 7 6,845,175 11,785,000 3,792,000 102 ALGONQUIN 19 23 12 7 14 1 1,306,900 2,654,600 196,750 156 LAKE IN THE HILLS 103 90 70 52 41 21 6,649,500 5,254,900 2,763,700 178 SYCAMORE 111 118 118 71 62 36 10,274,895 9,291,255 5,463,143 193 SCHAUMBURG 421 615 452 222 315 141 36,324,356 51,609,447 22,751,534 194 HOFFMAN ESTATES 308 274 208 129 89 48 16,034,732 10,791,950 5,130,357 201 EVANSTON 1382 1242 1054 668 541 329 200,385,275 169,564,794 96,629,363 645 LINCOLNWOOD 58 48 36 15 17 5 4,724,500 5,308,250 1,512,500 7193 NORTHFIELD 40 33 46 21 17 13 6,305,200 6,026,800 6,185,000 8001 CHICAGO 1951 1928 1507 910 646 386 204,001,754 146,928,847 83,988,605 8002 CHICAGO 1691 1653 1281 471 457 238 101,885,587 101,375,718 41,933,801 8006 CHICAGO 4269 4077 3532 2,299 2,132 1,613 798,316,733 764,889,916 583,891,173 8008 CHICAGO 6213 5925 5297 2,985 2,805 2,128 1,455,148,622 1,486,768,353 1,217,421,109 Total 25,185 24,212 20,358 11,531 9,708 6,602 3,566,527,403 3,309,593,965 2,393,239,176 %change from previous year -3.86% -15.92% -15.81% -31.99% -7.20% -27.69%
Glossary of Terms and Abbreviations Absorption Rate: Absorption rates are used to determine the amount of weeks that it will take to sell the current inventory at the present rate of sales. Twenty six weeks is considered neutral. When the absorption is rate is higher than 26 weeks, it is considered a buyer's market and sale prices become stagnant. When the rate is lower, homes are selling faster and sales prices increase. To formulate Absorption Rate you need to know 2 figures. 1) How many listings are currently on the market? 2) How many listings sold last month? Then A.) Multiple the number of solds last month by 12 (months). B.) Divided by the current listings equals # of Units that would sell each week. C.) Divide the # or units that should sell each week into the number available = absorption rate. Supply Demand Ratio The amount of homes for sales divided by the amount of sold properties for a given time period. When there are six active listings for every sold listing, the market is considered to be at its equilibrium, homes are being sold at the exact right price. Listing Listing in MRED - when the current titleholders of the property have signed an exclusive or exclusive right to sell agreement and the agreement is in effect with an MRED office. Statuses for Active Listings ACTV - An A ctive listing is where an agreement and an owner of real property and a real estate agent, whereby the agent agrees to secure a buyer or tenant for specific property at a certain price and terms in return for a fee or commission. BOMK - Back on Market: A listing previously showing Off-Market (Canceled, Closed, Expired, or Rented) status is now active again. CTG - Contingent on a contract pending A valid sales contract has been signed by a Buyer and Seller with provisions to be met before a contract can become binding. CONTINGENCY FLAGS NEW - A New listing. A/I - Attorney Approval/Home Inspection CTGO - Denotes other contingency that may apply. Call Listing Agent for specifics of contingency FIN - Financing HC** - Buyer has home to close. Code is followed by number of hours in kick out period HS** - Buyer has home to sell. Code is followed by number of hours in kick out period PCHG - Price Change: A listing showing a change in list price new list price is required. RACT Reactivate: A listing that was previously showing as Contingent, Pending or Produced by NSBAR from information in MRED
Temporarily Off-Market TEMP - Active -Temporarily Off-Market (still listed) exclusive brokerage agreement in effect, property unable to be shown, except for reasonable restrictions noted on the listing in the showing instructions. BOMK, NEW, PCHG & RACT - statuses will show on MRED for 5 days (unless a status change is made to the listing) and then revert to an ACTV status. OFF-MARKET LISTING Closed property in MRED is when an active listing has been sold and the title has changed from the seller titleholder to the new title holder. Expired listing in MRED is an active listing which has reached it's expiration date and has moved from active status to expired and the listing agreement is no longer in effect. Temporary off the market/withdrawn is a listing in MRED which still has a valid listing agreement but the titleholders have asked the property be taken out of MRED. Cancelled listing in MRED is when seller titleholders and the real estate company have cancelled the listing agreement and the property is no longer for sale with that company. OFF MARKET STATUSES CANC - A Canceled listing - cancellation date is required CLSD - A Closed listing - must be reported within 72 hours of closing. Selling Price, Contract Date, Closed Date, Seller s Concessions Y/N (if Y is entered, Seller s Concessions $ amount is required (PNT)), and Selling Agent are required. EXP - An Expired listing. PEND - Pending: A fully executed purchase contract with no contingencies other than closing. Property must be placed in Pending in order to report it closed and show the correct Market Time. Requires entry/confirmation of the Contract Date and Selling Agent ID. RNTD - Rented: Property type 6 only - requires Rental Date, Selling Agent and Rented Price. Median Sale Price - The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price. Average Sale Price - The average home price is the sum of prices of all homes sold in a certain area in a certain period, divided by the number of properties sold in the same area in that period. Days On Market (DOM) or Market Time (MT) - The number of days a listing is active in a multiple listing service before it is entered into "pending" status. Pending status is when an offer has been accepted by the seller but the transaction is not yet closed. Many agents refer to "average days on market," which is derived by adding all the days on market of each listing and dividing by the number of listings. In a buyer's market, the DOM are generally higher because inventory takes longer to sell. In a seller's market, the DOM are fewer. Additional Abbreviations: FS= For Sale or Active Property UC= Under Contract, Property under contract but has not had all contingencies met. OLP = Original List Price Produced by NSBAR from information in MRED
LP = List Price LLP = Last List Price Produced by NSBAR from information in MRED