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®

June 2018 Quick Facts

Housing markets across the nation are most assuredly active this summer, and
buyer competition is manifesting itself into several quick sales above asking price. - 6.9% - 6.0% + 2.6%
While the strength of the U.S. economy has helped purchase offers pile up, the Fed
recently increased the federal funds rate by 0.25 percent, marking the second rate
1-Year Change in 1-Year Change in 1-Year Change in
hike this year and seventh since late 2015. Although the 30-year mortgage rate did Closed Sales Homes for Sale Median Sales Price
not increase, buyers often react by locking in at the current rate ahead of assumed All Properties All Properties All Properties
higher rates later. When this happens, accelerated price increases are possible,
causing further strain on affordability.
Detached Single-Family Overview 2
New Listings in the City of Chicago were down 5.4 percent for detached homes but Attached Single-Family Overview 3
were up 2.7 percent for attached properties. Listings Under Contract increased 12.8
percent for detached homes but decreased 2.4 percent for attached properties. New Listings 4
Closed Sales 5
The Median Sales Price remained flat for detached homes but was up 3.2 percent to
$336,500 for attached properties. Months Supply of Inventory decreased 24.1
Under Contract (contingent and pending) 6
percent for detached units but increased 10.0 percent for attached units. Median Sales Price 7
Average Sales Price 8
Inventory may be persistently lower in year-over-year comparisons, and home prices
are still more likely to rise than not, but sales and new listings may finish the summer Average List Price 9
on the upswing. The housing supply outlook in several markets is beginning to show Percent of Original List Price Received 10
an increase in new construction and a move by builders away from overstocked
rental units to new developments for sale. These are encouraging signs in an already Housing Affordability Index 11
healthy marketplace. Market Time 12
Months Supply of Inventory 13
Inventory of Homes for Sale 14
All Properties Market Overview 15

Current as of July 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 6-2017 6-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 2,178 2,061 - 5.4% 11,948 11,468 - 4.0%

6-2015 6-2016 6-2017 6-2018

Closed Sales 1,166 1,118 - 4.1% 5,431 5,388 - 0.8%

6-2015 6-2016 6-2017 6-2018

Under Contract 991 1,118 + 12.8% 5,946 6,246 + 5.0%

(Contingent and Pending)
6-2015 6-2016 6-2017 6-2018

Median Sales Price $260,000 $260,000 0.0% $231,400 $235,000 + 1.6%

6-2015 6-2016 6-2017 6-2018

Average Sales Price $395,469 $387,987 - 1.9% $355,852 $357,534 + 0.5%

6-2015 6-2016 6-2017 6-2018

Average List Price $454,892 $459,221 + 1.0% $489,910 $481,111 - 1.8%

6-2015 6-2016 6-2017 6-2018

Percent of Original List Price

96.5% 97.2% + 0.7% 95.7% 95.9% + 0.2%
Received
6-2015 6-2016 6-2017 6-2018

Housing Affordability Index 119 114 - 4.4% 134 126 - 6.1%

6-2015 6-2016 6-2017 6-2018

Market Time 81 75 - 7.4% 99 93 - 6.1%

6-2015 6-2016 6-2017 6-2018

Months Supply of Inventory 5.1 3.9 - 24.1% -- -- --

6-2015 6-2016 6-2017 6-2018

Inventory of Homes for Sale 4,585 3,663 - 20.1% -- -- --

6-2015 6-2016 6-2017 6-2018

Current as of July 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 6-2017 6-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 3,149 3,233 + 2.7% 17,455 18,707 + 7.2%

6-2015 6-2016 6-2017 6-2018

Closed Sales 2,212 2,028 - 8.3% 9,283 8,814 - 5.1%

6-2015 6-2016 6-2017 6-2018

Under Contract 1,669 1,629 - 2.4% 10,564 10,103 - 4.4%

(Contingent and Pending)
6-2015 6-2016 6-2017 6-2018

Median Sales Price $325,960 $336,500 + 3.2% $325,000 $340,000 + 4.6%

6-2015 6-2016 6-2017 6-2018

Average Sales Price $396,127 $406,993 + 2.7% $392,070 $418,107 + 6.6%

6-2015 6-2016 6-2017 6-2018

Average List Price $486,140 $472,962 - 2.7% $490,041 $491,339 + 0.3%

6-2015 6-2016 6-2017 6-2018

Percent of Original List Price

97.9% 97.7% - 0.2% 97.2% 97.4% + 0.1%
Received
6-2015 6-2016 6-2017 6-2018

Housing Affordability Index 101 93 - 8.1% 102 92 - 9.8%

6-2015 6-2016 6-2017 6-2018

Market Time 50 55 + 9.9% 68 73 + 6.3%

6-2015 6-2016 6-2017 6-2018

Months Supply of Inventory 3.5 3.8 + 10.0% -- -- --

6-2015 6-2016 6-2017 6-2018

Inventory of Homes for Sale 5,080 5,423 + 6.8% -- -- --

6-2015 6-2016 6-2017 6-2018

Current as of July 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.

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

Family Change Family Change

Jul-2017 2,005 + 1.7% 2,868 + 7.8%

3,233 18,707
3,149 Aug-2017 2,076 + 5.1% 2,918 + 16.5%
17,455
2,895 16,648
Sep-2017 2,072 + 6.3% 2,943 + 8.2%
Oct-2017 1,937 + 9.2% 2,395 + 18.9%
2,274
2,178 Nov-2017 1,365 - 1.7% 1,582 + 0.6%
2,061 11,948 11,468
11,386
Dec-2017 969 + 2.9% 945 + 0.7%
Jan-2018 1,556 - 6.6% 2,393 + 8.0%
Feb-2018 1,559 - 10.8% 2,641 - 0.2%
Mar-2018 2,032 - 7.2% 3,294 + 1.3%
Apr-2018 2,035 + 6.2% 3,496 + 18.6%
May-2018 2,225 - 1.2% 3,650 + 12.6%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 2,061 - 5.4% 3,233 + 2.7%
-4.2% -5.4% +8.8% +2.7% +4.9% -4.0% +4.8% +7.2% Average 1,824 - 0.3% 2,697 + 8.4%
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 July 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.

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

Family Change Family Change

Jul-2017 935 - 9.6% 1,763 + 1.2%

9,283 Aug-2017 1,056 - 1.3% 1,735 - 2.0%
2,212 8,856 8,814
2,159 Sep-2017 942 + 1.6% 1,412 - 3.8%
2,028
Oct-2017 883 + 2.6% 1,225 + 3.3%
Nov-2017 859 + 1.5% 1,099 + 0.9%

5,257 5,431 5,388 Dec-2017 935 + 14.9% 1,124 - 2.9%

1,158 1,166 1,118 Jan-2018 680 0.0% 764 - 14.2%
Feb-2018 626 + 1.6% 907 - 0.7%
Mar-2018 843 - 14.0% 1,498 - 4.3%
Apr-2018 1,009 + 8.4% 1,691 - 1.4%
May-2018 1,112 + 5.1% 1,926 - 3.1%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 1,118 - 4.1% 2,028 - 8.3%
+0.7% -4.1% +2.5% -8.3% +3.3% -0.8% +4.8% -5.1% Average 917 + 0.1% 1,431 + 8.4%
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 July 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.

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

Family Change Family Change

Jul-2017 888 + 0.5% 1,483 + 3.9%

Aug-2017 980 + 2.8% 1,385 - 0.6%
1,788 10,533 10,564
1,669 10,103 Sep-2017 831 + 7.2% 1,157 - 2.4%
1,629
Oct-2017 910 + 7.9% 1,154 + 0.9%
Nov-2017 797 + 9.0% 942 - 4.9%
1,118 Dec-2017 651 + 8.3% 831 - 4.9%
1,016 6,006 5,946 6,246
991
Jan-2018 790 + 1.7% 1,248 - 0.8%
Feb-2018 821 - 10.8% 1,431 - 11.9%
Mar-2018 1,194 + 5.9% 1,992 - 5.0%
Apr-2018 1,161 + 10.9% 1,937 - 0.2%
May-2018 1,162 + 7.2% 1,866 - 5.5%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 1,118 + 12.8% 1,629 - 2.4%
-2.5% +12.8% -6.7% -2.4% -1.0% +5.0% +0.3% -4.4% Average 942 + 5.3% 1,421 - 3.0%
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 July 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.

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

Family Change Family Change

Jul-2017 $250,000 + 4.8% $325,000 + 1.6%

Aug-2017 $228,700 + 1.8% $316,000 + 4.3%
$336,500 $340,000 Sep-2017 $226,000 + 5.1% $312,250 + 4.4%
$325,000 $325,960 $325,000
$312,500
Oct-2017 $220,000 + 1.6% $314,000 + 5.4%
$260,000 $260,000 Nov-2017 $220,000 + 4.8% $302,450 - 1.8%
$245,000
$231,400 $235,000
$215,000
Dec-2017 $219,000 + 9.5% $320,000 + 3.7%
Jan-2018 $207,750 + 9.3% $320,500 + 3.0%
Feb-2018 $207,500 + 13.1% $340,500 + 14.3%
Mar-2018 $231,000 - 1.7% $355,000 + 7.9%
Apr-2018 $245,000 + 4.3% $340,000 + 3.5%
May-2018 $250,500 - 1.8% $330,000 0.0%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 $260,000 0.0% $336,500 + 3.2%
+6.1% 0.0% +0.3% +3.2% +7.6% +1.6% +4.0% +4.6% Median $230,000 + 2.2% $327,000 + 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 July 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.

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

Family Change Family Change

Jul-2017 $380,896 + 3.5% $394,033 + 1.1%

$418,107
$395,469 $396,127
$406,993 Aug-2017 $327,496 - 0.5% $390,388 + 6.1%
$387,988 $387,987 $386,556 $392,070
$374,020
$355,852 $357,534 Sep-2017 $328,781 + 5.1% $388,850 + 2.9%
$340,046
Oct-2017 $312,068 - 0.5% $387,193 + 8.4%
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 $332,601 - 2.6% $431,279 + 11.4%
Apr-2018 $378,287 + 3.1% $425,110 + 8.3%
May-2018 $373,377 - 5.1% $412,701 + 5.8%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 $387,987 - 1.9% $406,993 + 2.7%
+1.9% -1.9% +2.5% +2.7% +4.6% +0.5% +4.8% +6.6% Average $345,651 + 1.8% $407,103 + 6.1%
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 July 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.

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

Family Change Family Change

Jul-2017 $440,390 - 7.0% $447,934 + 5.1%

Aug-2017 $402,334 - 0.3% $441,028 + 4.1%
$486,140 $489,910 $481,111 $490,041 $491,339 Sep-2017 $457,303 - 8.4% $504,932 - 0.3%
$468,105 $472,962 $468,007
$454,892 $459,221
$441,105 $444,034
Oct-2017 $456,790 - 9.7% $481,494 + 6.3%
Nov-2017 $389,688 - 3.6% $493,115 + 12.5%
Dec-2017 $547,168 + 52.7% $535,539 + 28.2%
Jan-2018 $468,478 - 6.6% $540,132 + 6.2%
Feb-2018 $513,376 - 4.6% $492,461 - 1.7%
Mar-2018 $456,368 - 8.4% $493,716 + 2.8%
Apr-2018 $513,764 + 7.6% $484,801 - 0.8%
May-2018 $480,336 - 0.0% $478,969 - 0.9%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 $459,221 + 1.0% $472,962 - 2.7%
- 2.8% + 1.0% + 10.2% - 2.7% + 4.7% - 1.8% + 10.4% + 0.3% Average $462,741 - 1.9% $484,843 + 2.5%
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 July 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.

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

Family Change Family Change

Jul-2017 96.6% + 0.6% 97.5% + 0.1%

Aug-2017 95.2% - 0.4% 97.3% + 0.6%
96.5% 96.5% 97.2% 97.3% 97.9% 97.7% 95.4% 95.7% 95.9% 96.6% 97.2% 97.4% Sep-2017 94.8% - 0.4% 96.8% + 0.7%
Oct-2017 94.3% - 0.1% 96.2% + 0.4%
Nov-2017 94.7% + 1.2% 96.6% + 0.8%
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 96.7% + 0.6% 97.8% - 0.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 97.2% + 0.7% 97.7% - 0.2%
+0.0% +0.7% +0.7% -0.2% +0.3% +0.2% +0.6% +0.1% 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 July 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.

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

Family Change Family Change

129 147 Jul-2017 124 - 6.8% 102 - 4.2%

119 134
114 Aug-2017 140 - 3.1% 105 - 6.6%
126
106 Sep-2017 141 - 6.6% 106 - 5.7%
101
93 110
102 Oct-2017 143 - 5.6% 104 - 10.4%
92 Nov-2017 145 - 3.0% 108 + 0.4%
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 + 0.4% 89 - 9.6%
Apr-2018 119 - 8.4% 91 - 9.4%
May-2018 118 - 2.9% 94 - 7.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 114 - 4.4% 93 - 8.1%
-7.5% -4.4% -4.1% -8.1% -9.1% -6.1% -7.2% -9.8% Average 134 - 5.7% 99 - 6.5%
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 July 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.

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

Family Change Family Change

Jul-2017 75 - 5.9% 51 - 12.2%

81 Aug-2017 80 + 0.3% 51 - 15.6%
79
75 99
95 Sep-2017 79 + 4.6% 56 - 21.3%
93
Oct-2017 82 + 1.7% 68 - 3.2%
59 76
55 73 Nov-2017 89 - 1.3% 76 + 7.3%
50 68
Dec-2017 99 + 14.1% 79 + 0.2%
Jan-2018 99 + 7.1% 86 - 11.3%
Feb-2018 110 + 3.1% 98 + 2.2%
Mar-2018 114 + 0.2% 88 + 6.1%
Apr-2018 96 - 11.0% 73 + 6.7%
May-2018 81 - 18.3% 62 + 19.3%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Jun-2018 75 - 7.4% 55 + 9.9%
+3.0% -7.4% -14.6% +9.9% +4.2% -6.1% -10.5% +6.3% Average 89 - 2.2% 67 - 0.8%
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 July 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.

June Detached Single- Year-Over-Year Attached Single- Year-Over-Year

Family Change Family Change

Jul-2017 5.2 - 0.3% 3.5 - 1.2%

Aug-2017 5.1 - 2.0% 3.6 + 3.2%
5.1 5.1
Sep-2017 5.1 - 4.0% 3.8 + 3.6%
Oct-2017 4.9 - 5.6% 3.6 + 3.8%
3.9 3.8 Nov-2017 4.5 - 9.4% 3.2 + 2.8%
3.4 3.5
Dec-2017 3.8 - 12.4% 2.6 + 2.3%
Jan-2018 3.8 - 15.1% 2.7 + 4.0%
Feb-2018 3.9 - 12.9% 3.0 + 5.7%
Mar-2018 3.8 - 16.2% 3.2 + 7.1%
Apr-2018 3.9 - 17.2% 3.4 + 10.1%
May-2018 4.0 - 19.3% 3.7 + 13.0%
2016 2017 2018 2016 2017 2018 Jun-2018 3.9 - 24.1% 3.8 + 10.0%
+1.4% -24.1% +0.5% +10.0% Average 4.3 - 11.3% 3.3 + 5.4%
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 July 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.

June Detached Single- Year-Over-Year Attached Single- Year-Over-Year

Family Change Family Change

Jul-2017 4,668 - 1.3% 5,149 - 0.6%

5,423 Aug-2017 4,559 - 3.2% 5,266 + 3.7%
5,072 5,080
Sep-2017 4,614 - 3.7% 5,533 + 3.9%
4,609 4,585
Oct-2017 4,473 - 5.0% 5,301 + 4.4%

3,663 Nov-2017 4,094 - 8.4% 4,745 + 3.1%

Dec-2017 3,517 - 10.7% 3,824 + 2.1%
Jan-2018 3,461 - 13.7% 3,934 + 3.0%
Feb-2018 3,546 - 12.2% 4,313 + 3.6%
Mar-2018 3,515 - 15.2% 4,593 + 3.7%
Apr-2018 3,584 - 14.7% 4,943 + 7.6%
May-2018 3,712 - 16.2% 5,243 + 9.1%
2016 2017 2018 2016 2017 2018 Jun-2018 3,663 - 20.1% 5,423 + 6.8%
-0.5% -20.1% +0.2% +6.8% Average 3,951 - 10.1% 4,856 + 4.2%
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 July 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 6-2017 6-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 5,327 5,294 - 0.6% 29,403 30,175 + 2.6%

6-2015 6-2016 6-2017 6-2018

Closed Sales 3,378 3,146 - 6.9% 14,714 14,202 - 3.5%

6-2015 6-2016 6-2017 6-2018

Under Contract 2,660 2,747 + 3.3% 16,510 16,349 - 1.0%

(Contingent and Pending)
6-2015 6-2016 6-2017 6-2018

Median Sales Price $307,000 $315,000 + 2.6% $290,000 $300,000 + 3.4%

6-2015 6-2016 6-2017 6-2018

Average Sales Price $395,900 $400,239 + 1.1% $378,702 $395,123 + 4.3%

6-2015 6-2016 6-2017 6-2018

Average List Price $473,379 $467,610 - 1.2% $489,988 $487,455 - 0.5%

6-2015 6-2016 6-2017 6-2018

Percent of Original List Price

97.4% 97.5% + 0.1% 96.7% 96.8% + 0.2%
Received
6-2015 6-2016 6-2017 6-2018

Housing Affordability Index 115 107 - 7.0% 121 112 - 7.4%

6-2015 6-2016 6-2017 6-2018

Market Time 61 62 + 1.6% 80 81 + 0.9%

6-2015 6-2016 6-2017 6-2018

Months Supply of Inventory 4.1 3.8 - 7.3% -- -- --

6-2015 6-2016 6-2017 6-2018

Inventory of Homes for Sale 9,665 9,086 - 6.0% -- -- --

6-2015 6-2016 6-2017 6-2018

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