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®

March 2018 Quick Facts

New residential real estate activity has been relatively slow in the first quarter of
2018, yet housing is proving its resiliency in a consistently improving economy. - 9.0% - 9.2% + 5.8%
Some markets have had increases in signed contracts, but the vast majority of the
nation continues to experience fewer closed sales and lower inventory compared to
1-Year Change in 1-Year Change in 1-Year Change in
last year at this time. Despite there being fewer homes for sale, buyer demand has Closed Sales Homes for Sale Median Sales Price
remained strong enough to keep prices on the rise, which should continue for the All Properties All Properties All Properties
foreseeable future.

New Listings in the City of Chicago were down 7.5 percent for detached homes but Detached Single-Family Overview 2
were up 0.9 percent for attached properties. Listings Under Contract increased 14.6 Attached Single-Family Overview 3
percent for detached homes but decreased 3.1 percent for attached properties.
New Listings 4
The Median Sales Price was down 1.3 percent to $232,000 for detached homes but Closed Sales 5
was up 7.9 percent to $355,000 for attached properties. Months Supply of Inventory
decreased 22.8 percent for detached units but increased 4.5 percent for attached
Under Contract (contingent and pending) 6
units. Median Sales Price 7
Average Sales Price 8
The Federal Reserve raised its key short-term interest rate by .25 percent in March,
citing concerns about inflation. It is the sixth rate increase by the Fed since Average List Price 9
December 2015, and at least two more rate increases are expected this year. Percent of Original List Price Received 10
Borrowing money will be more expensive, particularly for home equity loans, credit
cards and adjustable rate mortgages, but rising wages and a low national Housing Affordability Index 11
unemployment rate that has been at 4.1 percent for five months in a row would Market Time 12
seem to indicate that we are prepared for this. And although mortgage rates have
risen to their highest point in four years, they have been quite low for several years. Months Supply of Inventory 13
Inventory of Homes for Sale 14
All Properties Market Overview 15

Current as of April 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 3-2017 3-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 2,190 2,025 - 7.5% 5,603 5,129 - 8.5%

3-2015 3-2016 3-2017 3-2018

Closed Sales 980 832 - 15.1% 2,276 2,134 - 6.2%

3-2015 3-2016 3-2017 3-2018

Under Contract 1,128 1,293 + 14.6% 2,826 2,959 + 4.7%

(Contingent and Pending)
3-2015 3-2016 3-2017 3-2018

Median Sales Price $235,000 $232,000 - 1.3% $201,750 $215,000 + 6.6%

3-2015 3-2016 3-2017 3-2018

Average Sales Price $341,364 $334,875 - 1.9% $313,528 $324,673 + 3.6%

3-2015 3-2016 3-2017 3-2018

Average List Price $498,323 $461,483 - 7.4% $511,660 $481,453 - 5.9%

3-2015 3-2016 3-2017 3-2018

Percent of Original List Price

96.9% 95.7% - 1.2% 95.2% 94.7% - 0.6%
Received
3-2015 3-2016 3-2017 3-2018

Housing Affordability Index 130 130 - 0.1% 149 139 - 6.9%

3-2015 3-2016 3-2017 3-2018

Market Time 114 114 - 0.0% 106 108 + 1.9%

3-2015 3-2016 3-2017 3-2018

Months Supply of Inventory 4.6 3.5 - 22.8% -- -- --

3-2015 3-2016 3-2017 3-2018

Inventory of Homes for Sale 4,140 3,286 - 20.6% -- -- --

3-2015 3-2016 3-2017 3-2018

Current as of April 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 3-2017 3-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 3,252 3,281 + 0.9% 8,115 8,305 + 2.3%

3-2015 3-2016 3-2017 3-2018

Closed Sales 1,566 1,485 - 5.2% 3,369 3,155 - 6.4%

3-2015 3-2016 3-2017 3-2018

Under Contract 2,101 2,035 - 3.1% 4,987 4,728 - 5.2%

(Contingent and Pending)
3-2015 3-2016 3-2017 3-2018

Median Sales Price $328,950 $355,000 + 7.9% $318,000 $345,000 + 8.5%

3-2015 3-2016 3-2017 3-2018

Average Sales Price $387,135 $431,923 + 11.6% $390,404 $425,057 + 8.9%

3-2015 3-2016 3-2017 3-2018

Average List Price $480,504 $495,940 + 3.2% $494,811 $508,101 + 2.7%

3-2015 3-2016 3-2017 3-2018

Percent of Original List Price

97.0% 97.2% + 0.2% 96.2% 96.8% + 0.6%
Received
3-2015 3-2016 3-2017 3-2018

Housing Affordability Index 99 89 - 9.6% 101 91 - 9.4%

3-2015 3-2016 3-2017 3-2018

Market Time 83 88 + 6.1% 90 90 + 0.3%

3-2015 3-2016 3-2017 3-2018

Months Supply of Inventory 3.0 3.1 + 4.5% -- -- --

3-2015 3-2016 3-2017 3-2018

Inventory of Homes for Sale 4,411 4,480 + 1.6% -- -- --

3-2015 3-2016 3-2017 3-2018

Current as of April 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.

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

Family Change Family Change

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

3,252 3,281 8,305
3,084 8,115 May-2017 2,251 + 6.4% 3,242 + 7.2%
7,680
Jun-2017 2,178 - 4.2% 3,149 + 8.8%
Jul-2017 2,002 + 1.5% 2,868 + 7.8%
2,190 5,603 Aug-2017 2,075 + 5.1% 2,915 + 16.4%
2,025 5,033 5,129
1,929 Sep-2017 2,072 + 6.3% 2,943 + 8.2%
Oct-2017 1,936 + 9.1% 2,395 + 18.9%
Nov-2017 1,364 - 1.7% 1,582 + 0.6%
Dec-2017 967 + 2.7% 944 + 0.6%
Jan-2018 1,550 - 7.0% 2,390 + 7.9%
Feb-2018 1,554 - 11.0% 2,634 - 0.5%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 2,025 - 7.5% 3,281 + 0.9%
+13.5% -7.5% +5.4% +0.9% +11.3% -8.5% +5.7% +2.3% Average 1,824 - 0.3% 2,608 + 6.1%
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 April 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.

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

Family Change Family Change

Apr-2017 931 + 0.1% 1,715 - 3.4%

May-2017 1,058 + 1.3% 1,987 + 2.7%
1,566 3,369 Jun-2017 1,165 + 0.6% 2,212 + 2.5%
1,485 3,155
2,987 Jul-2017 935 - 9.6% 1,763 + 1.2%
1,317
Aug-2017 1,056 - 1.3% 1,735 - 2.0%
2,276 Sep-2017 943 + 1.7% 1,412 - 3.8%
980 2,125 2,134
833 832 Oct-2017 883 + 2.6% 1,224 + 3.2%
Nov-2017 859 + 1.5% 1,099 + 0.9%
Dec-2017 934 + 14.7% 1,124 - 2.9%
Jan-2018 678 - 0.3% 764 - 14.2%
Feb-2018 624 + 1.3% 906 - 0.8%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 832 - 15.1% 1,485 - 5.2%
+17.6% -15.1% +18.9% -5.2% +7.1% -6.2% +12.8% -6.4% Average 908 - 0.6% 1,452 + 6.1%
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 April 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.

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

Family Change Family Change

Apr-2017 1,047 - 7.8% 1,943 - 7.6%

May-2017 1,085 - 1.1% 1,974 + 4.7%
2,101 2,035 4,987 Jun-2017 994 - 2.3% 1,669 - 6.7%
2,002 4,760 4,728
Jul-2017 891 + 0.8% 1,484 + 3.9%
Aug-2017 981 + 2.8% 1,389 - 0.4%
Sep-2017 835 + 7.7% 1,161 - 2.0%
1,293 2,959
1,128 2,759 2,826 Oct-2017 911 + 8.1% 1,155 + 0.9%
1,110
Nov-2017 805 + 10.1% 943 - 4.8%
Dec-2017 665 + 10.6% 835 - 4.8%
Jan-2018 810 + 4.2% 1,256 - 0.4%
Feb-2018 856 - 7.1% 1,437 - 11.6%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 1,293 + 14.6% 2,035 - 3.1%
+1.6% +14.6% +4.9% -3.1% +2.4% +4.7% +4.8% -5.2% Average 931 + 2.9% 1,440 - 2.8%
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 April 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.

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

Family Change Family Change

Apr-2017 $235,000 + 4.4% $328,500 + 2.3%

May-2017 $255,000 + 11.8% $330,000 + 2.1%
$355,000
$345,000 Jun-2017 $260,000 + 6.1% $325,960 + 0.3%
$328,950
$318,000
$305,000 Jul-2017 $250,000 + 4.8% $325,000 + 1.6%
$290,000
Aug-2017 $228,700 + 1.8% $316,000 + 4.3%
$235,000 $232,000
$215,000
Sep-2017 $226,000 + 5.1% $312,250 + 4.4%
$205,000 $201,750
$189,900 Oct-2017 $220,000 + 1.6% $313,750 + 5.3%
Nov-2017 $220,000 + 4.8% $302,450 - 1.8%
Dec-2017 $219,000 + 9.5% $320,000 + 3.7%
Jan-2018 $207,750 + 9.3% $320,500 + 3.0%
Feb-2018 $208,500 + 13.7% $340,250 + 14.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 $232,000 - 1.3% $355,000 + 7.9%
+14.6% -1.3% +7.9% +7.9% +6.2% +6.6% +9.7% +8.5% Median $230,000 + 4.5% $325,000 + 3.2%
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 April 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.

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

Family Change Family Change

Apr-2017 $366,761 + 4.3% $392,496 + 2.5%

$425,057
May-2017 $393,641 + 14.0% $390,012 + 0.5%
$431,923 $390,404
Jun-2017 $395,543 + 1.9% $396,153 + 2.5%
$387,135 $350,528
$356,553 $313,528
$324,673 Jul-2017 $380,896 + 3.5% $394,033 + 1.1%
$341,364 $334,875 $306,215
$327,854
Aug-2017 $327,482 - 0.5% $390,388 + 6.1%
Sep-2017 $328,549 + 5.0% $388,850 + 2.9%
Oct-2017 $311,954 - 0.5% $387,235 + 8.4%
Nov-2017 $306,060 + 3.0% $394,678 + 8.4%
Dec-2017 $347,603 + 12.1% $423,887 + 11.0%
Jan-2018 $337,124 + 11.9% $420,673 + 5.6%
Feb-2018 $297,543 + 5.2% $417,516 + 7.5%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 $334,875 - 1.9% $431,923 + 11.6%
+4.1% -1.9% +8.6% +11.6% +2.4% +3.6% +11.4% +8.9% Average $347,439 + 4.4% $400,013 + 4.9%
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 April 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.

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

Family Change Family Change

Apr-2017 $477,300 + 5.8% $488,753 + 5.7%

May-2017 $480,144 - 3.8% $483,142 + 4.8%
$511,660 $508,101
$498,323 $495,940 $494,811
$480,504 $481,453 Jun-2017 $454,944 - 2.8% $486,153 + 10.2%
$450,811 $461,483 $461,382
$422,335 $431,269 Jul-2017 $439,598 - 7.2% $447,992 + 5.1%
Aug-2017 $402,075 - 0.4% $441,264 + 4.1%
Sep-2017 $457,365 - 8.4% $505,005 - 0.3%
Oct-2017 $457,247 - 9.6% $481,845 + 6.4%
Nov-2017 $389,396 - 3.7% $493,440 + 12.5%
Dec-2017 $548,839 + 53.1% $536,475 + 28.4%
Jan-2018 $472,559 - 5.8% $540,634 + 6.3%
Feb-2018 $516,354 - 4.0% $493,779 - 1.4%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 $461,483 - 7.4% $495,940 + 3.2%
+ 10.5% - 7.4% + 13.8% + 3.2% + 10.9% - 5.9% + 14.7% + 2.7% Average $459,796 - 2.7% $487,566 + 5.3%
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 April 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.

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

Family Change Family Change

Apr-2017 95.2% - 0.3% 97.5% + 0.3%

May-2017 96.1% - 0.8% 98.0% + 0.7%

95.1% 96.9% 95.7% 96.9% 97.0% 97.2% 95.2% 94.7% 95.5% 96.2% 96.8% Jun-2017 96.5% + 0.0% 97.9% + 0.7%
94.1%
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 94.7% + 1.7% 96.2% + 0.6%
Jan-2018 94.4% + 0.1% 96.2% + 0.9%
Feb-2018 93.6% - 0.1% 96.6% + 0.9%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 95.7% - 1.2% 97.2% + 0.2%
+1.8% -1.2% +0.1% +0.2% +1.2% -0.6% +0.8% +0.6% Average 95.3% - 0.0% 97.2% + 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 April 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.

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

Family Change Family Change
151
162 Apr-2017 130 - 6.4% 100 - 4.7%
130 130 149 May-2017 121 - 12.5% 101 - 3.3%
139
Jun-2017 119 - 7.5% 101 - 4.1%
111
116 Jul-2017 124 - 6.8% 102 - 4.2%
99
89 101 Aug-2017 140 - 3.1% 105 - 6.6%
91 Sep-2017 141 - 6.6% 106 - 5.7%
Oct-2017 143 - 5.6% 104 - 10.3%
Nov-2017 145 - 3.0% 108 + 0.4%
Dec-2017 139 - 6.6% 100 - 2.2%
Jan-2018 141 - 8.2% 97 - 2.5%
Feb-2018 146 - 11.5% 93 - 12.5%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 130 - 0.1% 89 - 9.6%
-13.5% -0.1% -11.1% -9.6% -8.3% -6.9% -12.8% -9.4% Average 135 - 6.6% 101 - 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 April 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.

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

Family Change Family Change

Apr-2017 108 + 7.7% 68 - 12.5%

114 114
106 108 May-2017 99 + 7.5% 52 - 19.2%
104
100
96 Jun-2017 81 + 3.0% 50 - 14.6%
91 90 90
88 Jul-2017 75 - 5.9% 51 - 12.2%
83
Aug-2017 80 + 0.3% 51 - 15.6%
Sep-2017 79 + 4.7% 56 - 21.3%
Oct-2017 82 + 1.6% 68 - 3.1%
Nov-2017 89 - 1.3% 76 + 7.3%
Dec-2017 99 + 14.2% 79 + 0.2%
Jan-2018 99 + 6.9% 86 - 11.3%
Feb-2018 110 + 3.1% 98 + 2.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 Mar-2018 114 - 0.0% 88 + 6.1%
+14.3% -0.0% -9.5% +6.1% +1.9% +1.9% -6.2% +0.3% Average 92 + 3.2% 65 - 9.0%
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 April 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.

March Detached Single- Year-Over-Year Attached Single- Year-Over-Year

Family Change Family Change

Apr-2017 4.7 + 2.2% 3.1 - 4.4%

4.5 4.6 May-2017 4.9 + 4.1% 3.2 - 5.1%
Jun-2017 5.1 + 1.2% 3.5 + 0.2%
3.5 Jul-2017 5.2 - 0.6% 3.5 - 1.6%
3.3 3.1
3.0 Aug-2017 5.1 - 2.4% 3.6 + 2.6%
Sep-2017 5.1 - 4.5% 3.7 + 3.0%
Oct-2017 4.9 - 6.1% 3.6 + 3.2%
Nov-2017 4.4 - 10.2% 3.2 + 2.2%
Dec-2017 3.8 - 13.7% 2.6 + 1.6%
Jan-2018 3.7 - 17.2% 2.7 + 3.1%
Feb-2018 3.7 - 16.2% 2.9 + 4.5%
2016 2017 2018 2016 2017 2018 Mar-2018 3.5 - 22.8% 3.1 + 4.5%
+1.6% -22.8% -9.1% +4.5% Average 4.5 - 6.9% 3.2 + 1.0%
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 April 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.

March Detached Single- Year-Over-Year Attached Single- Year-Over-Year

Family Change Family Change

Apr-2017 4,197 + 1.5% 4,576 - 4.4%

4,747
4,411 4,480 May-2017 4,421 + 2.4% 4,784 - 4.7%
4,056 4,140 Jun-2017 4,574 - 0.7% 5,060 - 0.2%
Jul-2017 4,651 - 1.6% 5,128 - 0.9%
3,286 Aug-2017 4,540 - 3.6% 5,238 + 3.3%
Sep-2017 4,590 - 4.1% 5,501 + 3.4%
Oct-2017 4,449 - 5.4% 5,268 + 3.9%
Nov-2017 4,062 - 9.0% 4,714 + 2.5%
Dec-2017 3,472 - 11.7% 3,792 + 1.5%
Jan-2018 3,389 - 15.4% 3,893 + 2.2%
Feb-2018 3,432 - 15.0% 4,258 + 2.6%
2016 2017 2018 2016 2017 2018 Mar-2018 3,286 - 20.6% 4,480 + 1.6%
+2.1% -20.6% -7.1% +1.6% Average 4,089 - 6.7% 4,724 + 0.8%
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 April 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 3-2017 3-2018 +/– YTD 2017 YTD 2018 +/–

New Listings 5,442 5,306 - 2.5% 13,718 13,434 - 2.1%

3-2015 3-2016 3-2017 3-2018

Closed Sales 2,546 2,317 - 9.0% 5,645 5,289 - 6.3%

3-2015 3-2016 3-2017 3-2018

Under Contract 3,229 3,328 + 3.1% 7,813 7,687 - 1.6%

(Contingent and Pending)
3-2015 3-2016 3-2017 3-2018

Median Sales Price $295,000 $312,000 + 5.8% $270,000 $287,000 + 6.3%

3-2015 3-2016 3-2017 3-2018

Average Sales Price $369,517 $397,044 + 7.4% $359,408 $384,539 + 7.0%

3-2015 3-2016 3-2017 3-2018

Average List Price $487,668 $482,798 - 1.0% $501,686 $497,938 - 0.7%

3-2015 3-2016 3-2017 3-2018

Percent of Original List Price

97.0% 96.7% - 0.3% 95.8% 95.9% + 0.1%
Received
3-2015 3-2016 3-2017 3-2018

Housing Affordability Index 118 110 - 6.7% 129 120 - 7.1%

3-2015 3-2016 3-2017 3-2018

Market Time 95 97 + 2.1% 96 97 + 1.2%

3-2015 3-2016 3-2017 3-2018

Months Supply of Inventory 3.6 3.3 - 8.3% -- -- --

3-2015 3-2016 3-2017 3-2018

Inventory of Homes for Sale 8,551 7,766 - 9.2% -- -- --

3-2015 3-2016 3-2017 3-2018

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