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®

July 2018 Quick Facts

Housing price bubble chatter has increased this summer, as market observers
attempt to predict the next residential real estate shift. It is too early to predict a + 2.9% - 5.0% + 1.7%
change from higher prices and lower inventory, but the common markers that
caused the last housing cooldown are present. Wages are up but not at the same
1-Year Change in 1-Year Change in 1-Year Change in
pace as home prices, leading to the kind of affordability concerns that can cause Closed Sales Homes for Sale Median Sales Price
fewer sales at lower prices. At the same time, demand is still outpacing what is All Properties All Properties All Properties
available for sale in many markets.

New Listings in the City of Chicago were up 3.6 percent for detached homes and 9.4 Detached Single-Family Overview 2
percent for attached properties. Listings Under Contract increased 16.0 percent for Attached Single-Family Overview 3
detached homes but decreased 1.4 percent for attached properties.
New Listings 4
The Median Sales Price was up 2.0 percent to $255,000 for detached homes and 3.1 Closed Sales 5
percent to $335,000 for attached properties. Months Supply of Inventory decreased
22.9 percent for detached units but increased 11.5 percent for attached units.
Under Contract (contingent and pending) 6
Median Sales Price 7
Consumer spending on home goods and renovations are up, and more people are
Average Sales Price 8
entering the workforce. Employed people spending money is good for the housing
market. Meanwhile, GDP growth was 4.1% in the second quarter, the strongest Average List Price 9
showing since 2014. Housing starts are down, but that is more reflective of low Percent of Original List Price Received 10
supply than anything else. With a growing economy, solid lending practices and the
potential for improved inventory from new listing and building activity, market Housing Affordability Index 11
balance is more likely than a bubble. Market Time 12
Months Supply of Inventory 13
Inventory of Homes for Sale 14
All Properties Market Overview 15

Current as of August 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 7-2017 7-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 2,005 2,077 + 3.6% 13,953 13,559 - 2.8%

7-2015 7-2016 7-2017 7-2018

Closed Sales 936 1,035 + 10.6% 6,367 6,435 + 1.1%

7-2015 7-2016 7-2017 7-2018

Under Contract 887 1,029 + 16.0% 6,833 7,179 + 5.1%

(Contingent and Pending)
7-2015 7-2016 7-2017 7-2018

Median Sales Price $249,950 $255,000 + 2.0% $235,000 $239,900 + 2.1%

7-2015 7-2016 7-2017 7-2018

Average Sales Price $380,517 $380,985 + 0.1% $359,478 $361,430 + 0.5%

7-2015 7-2016 7-2017 7-2018

Average List Price $440,429 $433,607 - 1.5% $482,797 $472,815 - 2.1%

7-2015 7-2016 7-2017 7-2018

Percent of Original List Price

96.6% 96.8% + 0.2% 95.8% 96.0% + 0.2%
Received
7-2015 7-2016 7-2017 7-2018

Housing Affordability Index 124 116 - 6.4% 132 123 - 6.6%

7-2015 7-2016 7-2017 7-2018

Market Time 75 81 + 8.0% 96 91 - 5.2%

7-2015 7-2016 7-2017 7-2018

Months Supply of Inventory 5.2 4.0 - 22.9% -- -- --

7-2015 7-2016 7-2017 7-2018

Inventory of Homes for Sale 4,669 3,803 - 18.5% -- -- --

7-2015 7-2016 7-2017 7-2018

Current as of August 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 7-2017 7-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 2,868 3,138 + 9.4% 20,323 21,858 + 7.6%

7-2015 7-2016 7-2017 7-2018

Closed Sales 1,763 1,741 - 1.2% 11,046 10,573 - 4.3%

7-2015 7-2016 7-2017 7-2018

Under Contract 1,483 1,462 - 1.4% 12,043 11,492 - 4.6%

(Contingent and Pending)
7-2015 7-2016 7-2017 7-2018

Median Sales Price $325,000 $335,000 + 3.1% $325,000 $339,500 + 4.5%

7-2015 7-2016 7-2017 7-2018

Average Sales Price $394,033 $426,248 + 8.2% $392,383 $419,340 + 6.9%

7-2015 7-2016 7-2017 7-2018

Average List Price $447,932 $481,825 + 7.6% $484,089 $489,238 + 1.1%

7-2015 7-2016 7-2017 7-2018

Percent of Original List Price

97.5% 97.7% + 0.2% 97.3% 97.4% + 0.2%
Received
7-2015 7-2016 7-2017 7-2018

Housing Affordability Index 102 93 - 9.3% 102 92 - 9.9%

7-2015 7-2016 7-2017 7-2018

Market Time 51 54 + 5.9% 66 69 + 4.5%

7-2015 7-2016 7-2017 7-2018

Months Supply of Inventory 3.5 3.9 + 11.5% -- -- --

7-2015 7-2016 7-2017 7-2018

Inventory of Homes for Sale 5,154 5,530 + 7.3% -- -- --

7-2015 7-2016 7-2017 7-2018

Current as of August 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.

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

Family Change Family Change

Aug-2017 2,076 + 5.1% 2,918 + 16.5%

3,138 21,858 Sep-2017 2,073 + 6.4% 2,943 + 8.2%
2,868 20,323 Oct-2017 1,937 + 9.2% 2,395 + 18.9%
2,661 19,309
Nov-2017 1,365 - 1.7% 1,583 + 0.7%
Dec-2017 969 + 2.9% 945 + 0.7%
2,005 2,077
1,972
13,358 13,953 13,559 Jan-2018 1,555 - 6.7% 2,393 + 8.0%
Feb-2018 1,559 - 10.8% 2,641 - 0.2%
Mar-2018 2,029 - 7.4% 3,295 + 1.3%
Apr-2018 2,039 + 6.4% 3,498 + 18.7%
May-2018 2,231 - 0.9% 3,654 + 12.7%
Jun-2018 2,069 - 5.0% 3,239 + 2.9%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 2,077 + 3.6% 3,138 + 9.4%
+1.7% +3.6% +7.8% +9.4% +4.5% -2.8% +5.3% +7.6% Average 1,832 - 0.0% 2,720 + 8.5%
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 August 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.

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

Family Change Family Change

Aug-2017 1,056 - 1.3% 1,735 - 2.0%

11,046 Sep-2017 942 + 1.6% 1,412 - 3.8%
1,763 10,598 10,573
1,742 1,741 Oct-2017 883 + 2.6% 1,225 + 3.3%
Nov-2017 859 + 1.5% 1,099 + 0.9%
Dec-2017 935 + 14.9% 1,124 - 2.9%

6,367 6,435 Jan-2018 680 0.0% 764 - 14.2%

1,034 1,035 6,291
936 Feb-2018 626 + 1.6% 907 - 0.7%
Mar-2018 844 - 13.9% 1,499 - 4.3%
Apr-2018 1,009 + 8.4% 1,691 - 1.4%
May-2018 1,113 + 5.2% 1,930 - 2.9%
Jun-2018 1,128 - 3.3% 2,041 - 7.7%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 1,035 + 10.6% 1,741 - 1.2%
-9.5% +10.6% +1.2% -1.2% +1.2% +1.1% +4.2% -4.3% Average 926 + 2.1% 1,431 + 8.5%
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 August 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.

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

Family Change Family Change

Aug-2017 979 + 2.7% 1,385 - 0.6%

1,483 1,462 Sep-2017 831 + 7.2% 1,157 - 2.4%
1,428
11,961 12,043 Oct-2017 910 + 7.9% 1,154 + 0.9%
11,492
Nov-2017 795 + 8.8% 942 - 4.9%
1,029 Dec-2017 651 + 8.3% 829 - 5.1%
884 887 Jan-2018 788 + 1.4% 1,247 - 0.8%
6,890 6,833 7,179
Feb-2018 820 - 10.9% 1,430 - 11.9%
Mar-2018 1,190 + 5.5% 1,990 - 5.1%
Apr-2018 1,156 + 10.5% 1,929 - 0.6%
May-2018 1,146 + 5.7% 1,853 - 6.0%
Jun-2018 1,050 + 6.0% 1,581 - 5.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 1,029 + 16.0% 1,462 - 1.4%
+0.3% +16.0% +3.9% -1.4% -0.8% +5.1% +0.7% -4.6% Average 945 + 5.7% 1,413 - 3.8%
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 August 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.

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

Family Change Family Change

Aug-2017 $228,700 + 1.8% $316,000 + 4.3%

Sep-2017 $226,000 + 5.1% $312,250 + 4.4%
$335,000 $339,500 Oct-2017 $220,000 + 1.6% $314,000 + 5.4%
$320,000 $325,000 $325,000
$315,000
Nov-2017 $220,000 + 4.8% $302,450 - 1.8%

$255,000 Dec-2017 $219,000 + 9.5% $320,000 + 3.7%

$249,950
$238,500 $235,000 $239,900
$220,000 Jan-2018 $207,750 + 9.3% $320,500 + 3.0%
Feb-2018 $207,500 + 13.1% $340,500 + 14.3%
Mar-2018 $230,500 - 1.9% $355,000 + 7.9%
Apr-2018 $245,000 + 4.3% $340,000 + 3.5%
May-2018 $250,000 - 2.0% $330,000 0.0%
Jun-2018 $260,000 0.0% $337,000 + 3.4%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 $255,000 + 2.0% $335,000 + 3.1%
+4.8% +2.0% +1.6% +3.1% +6.8% +2.1% +3.2% +4.5% Median $232,000 + 3.1% $329,000 + 3.8%
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 August 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.

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

Family Change Family Change

Aug-2017 $327,496 - 0.5% $390,388 + 6.1%

$426,248 $419,340
$394,033
Sep-2017 $328,781 + 5.1% $388,850 + 2.9%
$389,781 $392,383
$380,517 $380,985 $376,611
$367,989 $361,430 Oct-2017 $312,068 - 0.5% $387,193 + 8.4%
$359,478
$344,641
Nov-2017 $306,060 + 3.0% $394,706 + 8.4%
Dec-2017 $347,522 + 12.1% $423,887 + 11.0%
Jan-2018 $338,989 + 12.5% $420,673 + 5.6%
Feb-2018 $295,273 + 4.4% $417,492 + 7.5%
Mar-2018 $332,272 - 2.7% $431,235 + 11.4%
Apr-2018 $378,287 + 3.1% $425,110 + 8.3%
May-2018 $373,069 - 5.2% $412,611 + 5.8%
Jun-2018 $388,987 - 1.6% $406,625 + 2.7%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 $380,985 + 0.1% $426,248 + 8.2%
+3.4% +0.1% +1.1% +8.2% +4.3% +0.5% +4.2% +6.9% Average $346,062 + 1.7% $410,332 + 6.9%
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 August 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.

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

Family Change Family Change

Aug-2017 $402,310 - 0.3% $441,001 + 4.1%

Sep-2017 $457,075 - 8.5% $504,695 - 0.3%

$473,601 $481,825 $482,797 $472,815 $484,089 $489,238 Oct-2017 $456,669 - 9.7% $481,430 + 6.3%
$468,830
$440,429 $447,932 $441,581
$433,607 $426,229 Nov-2017 $389,605 - 3.6% $493,086 + 12.5%
Dec-2017 $547,163 + 52.7% $535,372 + 28.2%
Jan-2018 $468,716 - 6.5% $539,941 + 6.2%
Feb-2018 $512,929 - 4.7% $492,301 - 1.8%
Mar-2018 $456,249 - 8.4% $493,254 + 2.7%
Apr-2018 $512,733 + 7.4% $484,103 - 0.9%
May-2018 $478,233 - 0.5% $477,971 - 1.1%
Jun-2018 $456,122 + 0.3% $470,671 - 3.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 $433,607 - 1.5% $481,825 + 7.6%
- 7.0% - 1.5% + 5.1% + 7.6% + 3.0% - 2.1% + 9.6% + 1.1% Average $461,369 - 1.6% $487,271 + 2.7%
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 August 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.

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

Family Change Family Change

Aug-2017 95.2% - 0.4% 97.3% + 0.6%

Sep-2017 94.8% - 0.4% 96.8% + 0.7%
96.0% 96.6% 96.8% 97.4% 97.5% 97.7% 95.5% 95.8% 96.0% 96.8% 97.3% 97.4% Oct-2017 94.3% - 0.1% 96.2% + 0.4%
Nov-2017 94.7% + 1.2% 96.6% + 0.8%
Dec-2017 94.7% + 1.7% 96.2% + 0.6%
Jan-2018 94.5% + 0.2% 96.2% + 0.9%
Feb-2018 93.6% - 0.1% 96.6% + 0.9%
Mar-2018 95.3% - 1.6% 97.2% + 0.2%
Apr-2018 96.5% + 1.3% 97.7% + 0.2%
May-2018 96.6% + 0.5% 97.8% - 0.2%
Jun-2018 97.2% + 0.7% 97.7% - 0.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 96.8% + 0.2% 97.7% + 0.2%
+0.6% +0.2% +0.1% +0.2% +0.3% +0.2% +0.5% +0.2% Average 95.5% + 0.3% 97.1% + 0.3%
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 August 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.

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

Family Change Family Change

144 Aug-2017 140 - 3.1% 105 - 6.6%

133 132 Sep-2017 141 - 6.6% 106 - 5.7%
124 123
116 Oct-2017 143 - 5.6% 104 - 10.4%
107 109
102 102 Nov-2017 145 - 3.0% 108 + 0.4%
93 92 Dec-2017 139 - 6.6% 100 - 2.2%
Jan-2018 141 - 8.4% 97 - 2.5%
Feb-2018 147 - 11.0% 93 - 12.6%
Mar-2018 131 + 0.5% 89 - 9.6%
Apr-2018 119 - 8.4% 91 - 9.4%
May-2018 118 - 2.7% 94 - 7.2%
Jun-2018 114 - 4.5% 93 - 8.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 116 - 6.4% 93 - 9.3%
-6.7% -6.4% -4.2% -9.3% -8.2% -6.6% -6.1% -9.9% Average 133 - 5.6% 98 - 6.9%
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 August 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.

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

Family Change Family Change

Aug-2017 80 + 0.3% 51 - 15.6%

80 81 Sep-2017 79 + 4.6% 56 - 21.3%
75
96 Oct-2017 82 + 1.7% 68 - 3.2%
93 91
Nov-2017 89 - 1.3% 76 + 7.3%
58 Dec-2017 99 + 14.1% 79 + 0.2%
54 73
51 69
66 Jan-2018 99 + 7.1% 86 - 11.3%
Feb-2018 110 + 3.1% 98 + 2.2%
Mar-2018 114 + 0.1% 88 + 6.1%
Apr-2018 96 - 11.0% 73 + 6.7%
May-2018 81 - 18.3% 62 + 19.1%
Jun-2018 75 - 8.0% 55 + 9.4%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jul-2018 81 + 8.5% 54 + 5.3%
-6.0% +8.5% -12.2% +5.3% +3.2% -5.2% -10.6% +5.9% Average 89 - 1.4% 67 + 0.6%
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 August 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.

July Detached Single- Year-Over-Year Attached Single- Year-Over-Year

Family Change Family Change

Aug-2017 5.1 - 2.0% 3.6 + 3.3%

5.2 5.2 Sep-2017 5.1 - 3.9% 3.8 + 3.7%
Oct-2017 4.9 - 5.5% 3.6 + 3.9%
Nov-2017 4.5 - 9.3% 3.2 + 3.0%
4.0 3.9
3.5 Dec-2017 3.8 - 12.2% 2.6 + 2.5%
3.5
Jan-2018 3.8 - 15.0% 2.7 + 4.2%
Feb-2018 3.9 - 12.7% 3.0 + 5.8%
Mar-2018 3.9 - 15.9% 3.2 + 7.3%
Apr-2018 3.9 - 16.8% 3.5 + 10.5%
May-2018 4.0 - 18.2% 3.7 + 13.8%
Jun-2018 4.1 - 20.9% 3.9 + 12.3%
2016 2017 2018 2016 2017 2018 Jul-2018 4.0 - 22.9% 3.9 + 11.5%
-0.2% -22.9% -1.1% +11.5% Average 4.3 - 12.8% 3.4 + 6.9%
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 August 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.

July Detached Single- Year-Over-Year Attached Single- Year-Over-Year

Family Change Family Change

Aug-2017 4,561 - 3.2% 5,271 + 3.8%

5,530 Sep-2017 4,617 - 3.6% 5,538 + 4.0%
5,180 5,154
4,729 4,669 Oct-2017 4,477 - 4.9% 5,306 + 4.5%
Nov-2017 4,100 - 8.2% 4,751 + 3.2%
3,803 Dec-2017 3,523 - 10.5% 3,832 + 2.3%
Jan-2018 3,466 - 13.6% 3,941 + 3.1%
Feb-2018 3,551 - 12.1% 4,319 + 3.6%
Mar-2018 3,522 - 15.0% 4,602 + 3.9%
Apr-2018 3,600 - 14.3% 4,962 + 7.9%
May-2018 3,751 - 15.3% 5,280 + 9.8%
Jun-2018 3,787 - 17.4% 5,517 + 8.5%
2016 2017 2018 2016 2017 2018 Jul-2018 3,803 - 18.5% 5,530 + 7.3%
-1.3% -18.5% -0.5% +7.3% Average 3,897 - 11.3% 4,904 + 5.3%
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 August 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 7-2017 7-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 4,873 5,215 + 7.0% 34,276 35,417 + 3.3%

7-2015 7-2016 7-2017 7-2018

Closed Sales 2,699 2,776 + 2.9% 17,413 17,008 - 2.3%

7-2015 7-2016 7-2017 7-2018

Under Contract 2,370 2,491 + 5.1% 18,876 18,671 - 1.1%

(Contingent and Pending)
7-2015 7-2016 7-2017 7-2018

Median Sales Price $300,000 $305,000 + 1.7% $291,000 $300,000 + 3.1%

7-2015 7-2016 7-2017 7-2018

Average Sales Price $389,346 $409,372 + 5.1% $380,352 $397,427 + 4.5%

7-2015 7-2016 7-2017 7-2018

Average List Price $444,848 $462,632 + 4.0% $483,563 $482,956 - 0.1%

7-2015 7-2016 7-2017 7-2018

Percent of Original List Price

97.2% 97.4% + 0.2% 96.7% 96.9% + 0.2%
Received
7-2015 7-2016 7-2017 7-2018

Housing Affordability Index 118 109 - 7.2% 122 111 - 8.5%

7-2015 7-2016 7-2017 7-2018

Market Time 59 64 + 8.5% 77 78 + 1.4%

7-2015 7-2016 7-2017 7-2018

Months Supply of Inventory 4.2 4.0 - 4.8% -- -- --

7-2015 7-2016 7-2017 7-2018

Inventory of Homes for Sale 9,823 9,333 - 5.0% -- -- --

7-2015 7-2016 7-2017 7-2018

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