Monthly Indicators A RESEARCH TOOL REFLECTING RESIDENTIAL REAL ESTATE ACTIVITY WITHIN THE 77 OFFICIALLY DEFINED CHICAGO COMMUNITY AREAS PROVIDED BY THE CHICAGO ASSOCIATION OF REALTORSÂŽ
April 2020
Quick Facts
While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people filed initial unemployment claims according to the United States Department of Labor, fueled by stay at home orders and a slowdown of economic activity across the country. Added to the unemployment claims from March, more than 30 million people have become unemployed since COVID-19 has become widespread in the U.S. In the face of these challenging times, real estate activity in April slowed significantly. New Listings in the City of Chicago were down 49.7 percent for detached homes and 56.0 percent for attached properties. Listings Under Contract decreased 39.6 percent for detached homes and 58.5 percent for attached properties. The Median Sales Price was up 15.7 percent to $288,000 for detached homes and 6.6 percent to $365,000 for attached properties. Months Supply of Inventory decreased 20.3 percent for detached units and 7.0 percent for attached units. While the effect of COVID-19 continues to vary widely across the country, it is expected that social distancing, higher unemployment, and lower overall economic activity is likely to continue to constrain real estate activity in the near term. At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges.
- 21.4%
- 19.1%
+ 9.2%
1-Year Change in Closed Sales All Properties
1-Year Change in Homes for Sale All Properties
1-Year Change in Median Sales Price All Properties
Detached Single-Family Overview
2
Attached Single-Family Overview
3
New Listings
4
Closed Sales
5
Under Contract (contingent and pending)
6
Median Sales Price
7
Average Sales Price
8
Average List Price
9
Percent of Original List Price Received
10
Housing Affordability Index
11
Market Time
12
Months Supply of Inventory
13
Inventory of Homes for Sale
14
All Properties Market Overview
15
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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
New Listings 4-2017
4-2018
4-2019
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
Under Contract (Contingent and Pending)
Median Sales Price
Average Sales Price 4-2018
4-2019
4-2018
4-2019
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
Housing Affordability Index
Market Time
Months Supply of Inventory 4-2018
4-2019
4-2018
4-2019
+/–
2,183
1,099
- 49.7%
7,122
5,660
- 20.5%
909
729
- 19.8%
2,898
2,776
- 4.2%
1,117
675
- 39.6%
3,601
3,199
- 11.2%
$249,000
$288,000
+ 15.7%
$230,000
$252,000
+ 9.6%
$377,106
$398,510
+ 5.7%
$349,133
$358,187
+ 2.6%
$496,729
$436,240
- 12.2%
$496,774
$477,621
- 3.9%
95.8%
96.6%
+ 0.8%
95.1%
95.4%
+ 0.3%
122
118
- 3.6%
132
134
+ 1.0%
99
91
- 7.7%
104
98
- 5.8%
4.1
3.3
- 20.3%
--
--
--
3,600
2,730
- 24.2%
--
--
--
4-2020
Inventory of Homes for Sale 4-2017
YTD 2019 YTD 2020
4-2020
Percent of Original List Price Received
4-2017
+/–
4-2020
Average List Price 4-2017
4-2020
4-2020
Closed Sales
4-2017
4-2019
4-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2020 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
New Listings 4-2017
4-2018
4-2019
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
Under Contract (Contingent and Pending)
Median Sales Price
Average Sales Price 4-2018
4-2019
4-2018
4-2019
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
Housing Affordability Index
Market Time
Months Supply of Inventory 4-2018
4-2019
4-2018
4-2019
+/–
3,835
1,688
- 56.0%
12,716
10,108
- 20.5%
1,685
1,310
- 22.3%
4,554
4,328
- 5.0%
1,953
811
- 58.5%
6,246
4,801
- 23.1%
$342,500
$365,000
+ 6.6%
$324,000
$349,000
+ 7.7%
$427,699
$406,921
- 4.9%
$406,112
$403,699
- 0.6%
$488,349
$522,008
+ 6.9%
$500,151
$513,505
+ 2.7%
97.3%
97.4%
+ 0.2%
96.5%
96.6%
+ 0.1%
94
99
+ 5.4%
99
102
+ 3.3%
76
75
- 2.2%
92
97
+ 5.4%
4.4
4.1
- 7.0%
--
--
--
5,841
4,906
- 16.0%
--
--
--
4-2020
Inventory of Homes for Sale 4-2017
YTD 2019 YTD 2020
4-2020
Percent of Original List Price Received
4-2017
+/–
4-2020
Average List Price 4-2017
4-2020
4-2020
Closed Sales
4-2017
4-2019
4-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2020 ShowingTime. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
April
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
12,716 3,835
11,862
3,528 10,108
2,043
7,193
2,183
7,122 5,660
1,688 1,099
2018
2019
2020
+6.9%
-49.7%
Detached Single-Family
2018
2019
2020
+8.7%
-56.0%
2018
Attached Single-Family
2019
2020
-1.0%
-20.5%
Detached Single-Family
2018
May-2019
2,118
- 5.3%
3,941
+ 7.1%
Jun-2019
2,062
- 0.7%
3,461
+ 6.6%
Jul-2019
2,088
+ 0.1%
3,330
+ 5.6%
Aug-2019
1,946
- 4.9%
2,823
- 0.7%
Sep-2019
2,014
- 4.5%
3,368
+ 6.6%
Oct-2019
1,881
- 4.7%
2,846
+ 3.9%
Nov-2019
1,254
- 9.8%
1,598
- 2.6%
Dec-2019
930
- 5.9%
1,068
+ 11.9%
Jan-2020
1,487
+ 2.4%
2,696
+ 7.0%
Feb-2020
1,543
+ 1.3%
3,033
+ 3.9%
Mar-2020
1,531
- 22.0%
2,691
- 21.8%
2019
2020
Apr-2020
1,099
- 49.7%
1,688
- 56.0%
+7.2%
-20.5%
Average
1,663
- 9.4%
2,712
- 4.7%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 ShowingTime. | 4
Closed Sales A count of the actual sales that have closed in a given month.
April
Year to Date 1,691
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
1,685 4,862 4,554
1,310 1,010
3,161
909
2,898
4,328
2,776
729
2018
2019
2020
-10.0%
-19.8%
Detached Single-Family
2018
2019
2020
-0.4%
-22.3%
2018
Attached Single-Family
2019
2020
-8.3%
-4.2%
Detached Single-Family
2018
May-2019
1,071
- 3.9%
1,881
- 2.6%
Jun-2019
1,028
- 9.5%
1,821
- 11.4%
Jul-2019
1,049
+ 0.5%
1,659
- 5.6%
Aug-2019
984
- 10.8%
1,617
- 2.0%
Sep-2019
827
- 0.8%
1,179
- 2.2%
Oct-2019
934
+ 2.0%
1,150
- 3.4%
Nov-2019
739
- 10.9%
931
- 8.9%
Dec-2019
799
+ 0.9%
1,092
+ 19.9%
Jan-2020
671
+ 6.5%
788
+ 9.9%
Feb-2020
610
+ 4.8%
883
+ 1.8%
Mar-2020
766
- 1.4%
1,347
+ 4.8%
2019
2020
Apr-2020
729
- 19.8%
1,310
- 22.3%
-6.3%
-5.0%
Average
851
- 4.3%
1,305
- 3.8%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 ShowingTime. | 5
Under Contract A count of the properties in either a contingent or pending status in a given month.
April
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
6,592 6,246 1,950
1,953 4,801 3,894
1,134
3,601 3,199
1,117 811 675
2018
2019
2020
-1.5%
-39.6%
Detached Single-Family
2018
2019
2020
+0.2%
-58.5%
2018
Attached Single-Family
2019
2020
-7.5%
-11.2%
Detached Single-Family
2018
May-2019
1,055
- 6.3%
1,719
- 7.5%
Jun-2019
995
0.0%
1,565
- 0.9%
Jul-2019
902
- 2.0%
1,374
- 2.1%
Aug-2019
912
0.0%
1,230
- 3.6%
Sep-2019
797
- 0.5%
1,050
+ 0.4%
Oct-2019
867
- 1.8%
1,088
+ 2.4%
Nov-2019
720
+ 4.0%
954
+ 11.3%
Dec-2019
570
- 4.2%
752
- 0.7%
Jan-2020
776
+ 6.2%
1,231
+ 7.5%
Feb-2020
856
+ 13.5%
1,506
+ 11.5%
1,253
- 30.3%
Mar-2020
892
- 10.7%
2019
2020
Apr-2020
675
- 39.6%
811
- 58.5%
-5.2%
-23.1%
Average
835
- 4.8%
1,211
- 9.7%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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.
April
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
$365,000 $340,000
$342,500
$349,000
$342,750
May-2019
$263,000
+ 5.2%
$345,000
+ 4.5%
Jun-2019
$276,874
+ 6.9%
$345,000
+ 2.4%
Jul-2019
$267,000
+ 4.7%
$334,000
- 0.3%
Aug-2019
$250,000
+ 0.4%
$313,000
+ 2.6%
Sep-2019
$243,000
- 0.8%
$334,500
+ 6.2%
Oct-2019
$237,200
+ 3.1%
$327,000
+ 5.5%
Nov-2019
$235,000
+ 4.4%
$313,500
+ 2.8%
Dec-2019
$233,000
+ 8.4%
$321,000
+ 7.0%
Jan-2020
$225,000
+ 2.3%
$311,000
+ 1.0%
Feb-2020
$240,000
+ 6.9%
$325,000
+ 3.6%
Mar-2020
$257,250
+ 9.5%
$355,000
+ 11.6%
Apr-2020
$288,000
+ 15.7%
$365,000
+ 6.6%
Median
$250,000
+ 5.0%
$335,000
+ 4.7%
$324,000 $288,000 $245,000
$252,000
$249,000 $225,000
2018
2019
2020
+1.6%
+15.7%
Detached Single-Family
2018
2019
2020
+0.7%
+6.6%
Attached Single-Family
2018
$230,000
2019
2020
+2.2%
+9.6%
Detached Single-Family
2018
2019
2020
-5.5%
+7.7%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 ShowingTime. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
April
Year to Date $425,113
$427,699
$406,112
$403,699
$377,106 $340,902
2018
2019
2020
-0.2%
+5.7%
Detached Single-Family
2018
May-2019
$385,501
+ 3.4%
$416,039
+ 0.8%
Jun-2019
$413,676
+ 6.9%
$420,883
+ 3.5%
Jul-2019
$394,156
+ 3.8%
$425,586
+ 0.2%
Aug-2019
$368,855
- 0.6%
$421,334
+ 2.1%
Sep-2019
$337,777
- 12.0%
$427,607
+ 5.1%
Oct-2019
$333,345
+ 4.0%
$416,263
+ 0.7%
Nov-2019
$327,958
+ 4.9%
$396,587
+ 0.8%
Dec-2019
$362,724
+ 22.1%
$386,091
- 6.6%
Jan-2020
$318,029
+ 5.4%
$386,561
- 4.3%
Feb-2020
$336,663
- 0.8%
$402,404
+ 3.9% + 5.1%
$424,875 $406,921
$398,510 $377,967
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
2019
2020
+0.6%
-4.9%
Attached Single-Family
2018
$349,133
$358,187
2019
2020
+2.4%
+2.6%
Detached Single-Family
2018
Mar-2020
$372,101
+ 2.7%
$411,442
2019
2020
Apr-2020
$398,510
+ 5.7%
$406,921
- 4.9%
-4.4%
-0.6%
Average
$365,607
+ 3.1%
$412,394
+ 0.6%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 ShowingTime. | 8
Average List Price Average list price for all new listings in a given month.
April
$511,844
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
$522,008 $496,729
$480,201
$488,349
$486,447
$496,774
$477,621
$498,082
$500,151
2019
2020
- 3.0%
- 12.2%
Detached Single-Family
2018
2019
2020
+ 1.7%
+ 6.9%
Attached Single-Family
2018
2019
2020
+ 2.1%
- 3.9%
Detached Single-Family
2018
$471,244
- 1.0%
$475,045
- 0.1%
Jun-2019
$487,213
+ 7.4%
$478,231
+ 2.1%
Jul-2019
$455,209
+ 6.4%
$469,659
- 1.5%
Aug-2019
$393,554
- 6.6%
$456,191
+ 1.0%
Sep-2019
$474,534
- 1.7%
$513,171
+ 2.6%
Oct-2019
$420,249
- 4.7%
$476,356
+ 3.7%
Nov-2019
$370,548
- 2.3%
$462,554
- 4.7%
Dec-2019
$381,162
+ 19.8%
$471,764
+ 7.7%
Jan-2020
$459,970
- 4.4%
$529,934
- 3.4%
Feb-2020
$535,100
+ 0.7%
$521,485
+ 1.9%
Mar-2020
$466,590
- 3.1%
$482,706
+ 3.1%
$513,505
$436,240
2018
May-2019
2019
2020
Apr-2020
$436,240
- 12.2%
$522,008
+ 6.9%
+ 0.4%
+ 2.7%
Average
$450,469
- 1.1%
$488,479
+ 1.2%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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.
April
96.5%
2018
Year to Date
95.8%
96.6%
2019
2020
-0.7%
+0.8%
Detached Single-Family
97.7%
2018
97.3%
97.4%
2019
2020
-0.4%
+0.2%
95.2%
2018
Attached Single-Family
95.1%
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
95.4%
2019
2020
-0.1%
+0.3%
Detached Single-Family
97.1%
2018
96.5%
96.6%
May-2019
96.4%
- 0.2%
97.4%
- 0.4%
Jun-2019
96.4%
- 0.8%
97.3%
- 0.4%
Jul-2019
96.5%
- 0.1%
96.9%
- 0.9%
Aug-2019
96.3%
+ 0.7%
96.9%
- 0.3%
Sep-2019
96.1%
+ 0.4%
96.2%
- 0.1%
Oct-2019
95.5%
+ 0.3%
96.0%
+ 0.4%
Nov-2019
95.0%
+ 0.3%
95.9%
+ 0.3%
Dec-2019
94.1%
- 0.3%
95.1%
- 0.4%
Jan-2020
94.6%
+ 0.9%
95.0%
- 0.2%
Feb-2020
94.9%
- 0.2%
96.2%
+ 0.2%
Mar-2020
95.4%
+ 0.1%
97.0%
+ 0.5%
2019
2020
Apr-2020
96.6%
+ 0.8%
97.4%
+ 0.2%
-0.6%
+0.1%
Average
95.7%
+ 0.1%
96.6%
- 0.2%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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.
April 119
Year to Date 122
118
130
91
132
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
134
99
94
99
102
90
2018
2019
2020
+2.5%
-3.6%
Detached Single-Family
2018
2019
2020
+3.1%
+5.4%
2018
2019
2020
+1.3%
+1.0%
Detached Single-Family
Attached Single-Family
2018
May-2019
117
- 1.0%
94
+ 0.2%
Jun-2019
110
- 3.7%
94
+ 0.5%
Jul-2019
117
+ 0.5%
98
+ 5.3%
Aug-2019
130
+ 9.9%
107
+ 7.6%
Sep-2019
135
+ 17.1%
100
+ 6.4%
Oct-2019
139
+ 15.9%
104
+ 15.4%
Nov-2019
138
+ 9.9%
106
+ 12.7%
Dec-2019
134
- 4.9%
105
+ 3.6%
Jan-2020
147
+ 5.7%
110
+ 9.8%
Feb-2020
139
+ 3.9%
107
+ 5.2%
- 2.6%
96
- 4.6%
Mar-2020
125
2019
2020
Apr-2020
118
- 3.6%
99
+ 5.4%
+9.5%
+3.3%
Average
129
+ 3.8%
102
+ 5.6%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 ShowingTime. | 11
Market Time Average number of days between when a property is listed and when an offer is accepted in a given month.
April
96
Year to Date 104
99
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
104 98 92
91
97
84 73
2018
2019
2020
+2.8%
-7.7%
Detached Single-Family
2018
76
75
2019
2020
+5.3%
-2.2%
2018
2019
2020
0.0%
-5.8%
Detached Single-Family
Attached Single-Family
2018
May-2019
79
- 2.0%
70
+ 12.1%
Jun-2019
72
- 4.9%
65
+ 18.8%
Jul-2019
68
- 17.4%
64
+ 19.1%
Aug-2019
70
- 10.3%
68
+ 21.2%
Sep-2019
78
- 1.6%
77
+ 18.7%
Oct-2019
78
- 5.4%
83
+ 10.1%
Nov-2019
76
- 3.3%
83
+ 1.6%
Dec-2019
97
+ 16.2%
98
+ 10.9%
Jan-2020
93
- 8.2%
109
+ 10.8%
Feb-2020
100
- 5.5%
108
- 1.0% + 7.9%
Mar-2020
106
- 5.2%
104
2019
2020
Apr-2020
91
- 7.7%
75
- 2.2%
+9.1%
+5.6%
Average
82
- 4.8%
80
+ 11.6%
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
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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.
April
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
4.4
4.1
4.0
3.5
3.3
2019
2018
+1.9%
4.1
2018
2020
2019 +23.2%
-20.3%
Detached Single-Family
May-2019
4.3
+ 1.5%
4.7
+ 24.9%
Jun-2019
4.4
+ 1.7%
4.8
+ 20.4%
Jul-2019
4.5
+ 1.4%
4.8
+ 18.6%
Aug-2019
4.5
- 0.7%
4.8
+ 15.2%
Sep-2019
4.5
- 3.6%
4.9
+ 10.9%
Oct-2019
4.4
- 3.7%
4.7
+ 9.6%
Nov-2019
4.0
- 6.7%
4.0
+ 6.0%
Dec-2019
3.5
- 5.9%
3.3
+ 4.6%
Jan-2020
3.4
- 5.9%
3.4
+ 3.9%
Feb-2020
3.4
- 7.6%
3.7
+ 0.0% - 3.3%
Mar-2020
3.4
- 14.5%
3.9
2020
Apr-2020
3.3
- 20.3%
4.1
- 7.0%
-7.0%
Average
4.0
- 5.1%
4.2
+ 8.7%
Attached Single-Family
Historical Months Supply of Inventory
Detached Single-Family
Attached Single-Family
20 18 16 14 12 10 8 6 4 2 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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.
April
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
5,841 5,054 3,695
4,906
3,600 2,730
2018
2019
2020
-2.6%
-24.2%
2018
Detached Single-Family
May-2019
3,717
- 4.0%
6,302
+ 16.9%
Jun-2019
3,817
- 3.8%
6,387
+ 13.2%
Jul-2019
3,919
- 4.5%
6,407
+ 11.8%
Aug-2019
3,908
- 6.0%
6,284
+ 9.0%
Sep-2019
3,925
- 8.5%
6,428
+ 5.6%
Oct-2019
3,804
- 8.5%
6,169
+ 5.0%
Nov-2019
3,466
- 10.3%
5,391
+ 2.7%
Dec-2019
3,011
- 9.4%
4,341
+ 1.7%
Jan-2020
2,960
- 8.5%
4,552
+ 2.1%
Feb-2020
3,003
- 8.9%
4,950
- 0.3%
Mar-2020
2,921
- 15.2%
5,089
- 5.7%
2019
2020
Apr-2020
2,730
- 24.2%
4,906
- 16.0%
+15.6%
-16.0%
Average
3,432
- 9.1%
5,601
+ 3.9%
Attached Single-Family
Historical Inventory of Homes for Sale
Detached Single-Family
Attached Single-Family
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report Š 2020 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
New Listings 4-2017
4-2018
4-2019
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
Under Contract (Contingent and Pending)
Median Sales Price
Average Sales Price 4-2018
4-2019
4-2018
4-2019
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
4-2017
4-2018
4-2019
4-2020
Housing Affordability Index
Market Time
Months Supply of Inventory 4-2018
4-2019
4-2018
4-2019
+/–
6,018
2,787
- 53.7%
19,838
15,768
- 20.5%
2,594
2,039
- 21.4%
7,452
7,104
- 4.7%
3,070
1,486
- 51.6%
9,847
8,000
- 18.8%
$310,000
$338,500
+ 9.2%
$288,000
$305,000
+ 5.9%
$409,970
$403,914
- 1.5%
$383,958
$385,919
+ 0.5%
$491,385
$488,187
- 0.7%
$498,940
$500,635
+ 0.3%
96.8%
97.1%
+ 0.4%
95.9%
96.1%
+ 0.2%
113
112
- 0.7%
120
123
+ 2.4%
84
81
- 3.6%
96
97
+ 0.6%
4.3
3.7
- 14.0%
--
--
--
9,441
7,636
- 19.1%
--
--
--
4-2020
Inventory of Homes for Sale 4-2017
YTD 2019 YTD 2020
4-2020
Percent of Original List Price Received
4-2017
+/–
4-2020
Average List Price 4-2017
4-2020
4-2020
Closed Sales
4-2017
4-2019
4-2020
Current as of May 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2020 ShowingTime. | 15