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
May 2020
Quick Facts
While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May. New Listings in the City of Chicago were down 33.1 percent for detached homes and 28.5 percent for attached properties. Listings Under Contract decreased 8.5 percent for detached homes and 18.9 percent for attached properties. The Median Sales Price was down 2.5 percent to $256,500 for detached homes but was up 2.5 percent to $353,750 for attached properties. Months Supply of Inventory decreased 24.0 percent for detached units and 8.0 percent for attached units. Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.
- 43.1%
- 22.1%
- 0.8%
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 June 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 5-2017
5-2018
5-2019
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
Under Contract (Contingent and Pending)
Median Sales Price
Average Sales Price 5-2018
5-2019
5-2018
5-2019
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
Housing Affordability Index
Market Time
Months Supply of Inventory 5-2018
5-2019
5-2018
5-2019
+/–
2,118
1,416
- 33.1%
9,240
7,098
- 23.2%
1,071
727
- 32.1%
3,969
3,508
- 11.6%
1,053
964
- 8.5%
4,653
4,075
- 12.4%
$263,000
$256,500
- 2.5%
$241,000
$254,000
+ 5.4%
$385,501
$379,700
- 1.5%
$358,949
$362,945
+ 1.1%
$471,231
$493,323
+ 4.7%
$490,796
$479,921
- 2.2%
96.4%
95.7%
- 0.7%
95.4%
95.5%
+ 0.1%
117
129
+ 10.4%
127
132
+ 3.8%
79
87
+ 10.7%
97
95
- 2.1%
4.3
3.2
- 24.0%
--
--
--
3,720
2,659
- 28.5%
--
--
--
5-2020
Inventory of Homes for Sale 5-2017
YTD 2019 YTD 2020
5-2020
Percent of Original List Price Received
5-2017
+/–
5-2020
Average List Price 5-2017
5-2020
5-2020
Closed Sales
5-2017
5-2019
5-2020
Current as of June 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 5-2017
5-2018
5-2019
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
Under Contract (Contingent and Pending)
Median Sales Price
Average Sales Price 5-2018
5-2019
5-2018
5-2019
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
Housing Affordability Index
Market Time
Months Supply of Inventory 5-2018
5-2019
5-2018
5-2019
+/–
3,941
2,819
- 28.5%
16,657
12,948
- 22.3%
1,881
952
- 49.4%
6,435
5,298
- 17.7%
1,721
1,396
- 18.9%
7,967
6,163
- 22.6%
$345,000
$353,750
+ 2.5%
$330,000
$349,894
+ 6.0%
$416,039
$415,655
- 0.1%
$409,014
$405,608
- 0.8%
$474,985
$493,926
+ 4.0%
$494,197
$508,325
+ 2.9%
97.4%
96.8%
- 0.7%
96.8%
96.6%
- 0.1%
94
100
+ 6.6%
97
101
+ 4.1%
70
80
+ 14.0%
85
94
+ 10.6%
4.7
4.4
- 8.0%
--
--
--
6,302
5,152
- 18.2%
--
--
--
5-2020
Inventory of Homes for Sale 5-2017
YTD 2019 YTD 2020
5-2020
Percent of Original List Price Received
5-2017
+/–
5-2020
Average List Price 5-2017
5-2020
5-2020
Closed Sales
5-2017
5-2019
5-2020
Current as of June 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.
May
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
16,657 3,941
15,543
3,681
12,948 2,819 2,237
9,430 2,118
9,240 7,098
1,416
2018
2019
2020
-5.3%
-33.1%
Detached Single-Family
2018
2019
2020
+7.1%
-28.5%
2018
Attached Single-Family
2019
2020
-2.0%
-23.2%
Detached Single-Family
2018
2019
2020
+7.2%
-22.3%
Jun-2019
2,062
- 0.7%
3,463
+ 6.6%
Jul-2019
2,088
+ 0.1%
3,331
+ 5.6%
Aug-2019
1,946
- 4.9%
2,823
- 0.7%
Sep-2019
2,014
- 4.5%
3,368
+ 6.6%
Oct-2019
1,882
- 4.7%
2,846
+ 3.9%
Nov-2019
1,254
- 9.8%
1,600
- 2.4%
Dec-2019
932
- 5.7%
1,069
+ 12.1%
Jan-2020
1,490
+ 2.6%
2,698
+ 7.1%
Feb-2020
1,546
+ 1.5%
3,040
+ 4.1%
Mar-2020
1,543
- 21.4%
2,695
- 21.7%
Apr-2020
1,103
- 49.5%
1,696
- 55.8%
May-2020
1,416
- 33.1%
2,819
- 28.5%
Average
1,606
- 12.0%
2,621
- 8.6%
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 June 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.
May
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
6,793 1,931
6,435
1,881 5,298 4,276
1,115
3,969 3,508
1,071
952 727
2018
2019
2020
-3.9%
-32.1%
Detached Single-Family
2018
2019
2020
-2.6%
-49.4%
2018
2019
2020
-7.2%
-11.6%
Detached Single-Family
Attached Single-Family
2018
2019
2020
-5.3%
-17.7%
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
740
- 10.7%
931
- 8.9%
Dec-2019
800
+ 1.0%
1,092
+ 19.9%
Jan-2020
671
+ 6.5%
789
+ 10.0%
Feb-2020
610
+ 4.8%
883
+ 1.8%
Mar-2020
770
- 0.9%
1,352
+ 5.2%
Apr-2020
730
- 19.7%
1,322
- 21.5%
May-2020
727
- 32.1%
952
- 49.4%
Average
823
- 7.1%
1,229
- 9.1%
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 June 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.
May
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
8,450
1,859
7,967
1,721 1,396 1,126
2018
1,053
6,163 5,020
964
2019
2020
-6.5%
-8.5%
Detached Single-Family
4,653 4,075
2018
2019
2020
-7.4%
-18.9%
2018
2019
2020
-7.3%
-12.4%
Detached Single-Family
Attached Single-Family
2018
2019
2020
-5.7%
-22.6%
Jun-2019
994
- 0.1%
1,565
- 0.9%
Jul-2019
902
- 2.0%
1,372
- 2.2%
Aug-2019
911
- 0.1%
1,230
- 3.6%
Sep-2019
796
- 0.6%
1,049
+ 0.3%
Oct-2019
866
- 1.9%
1,089
+ 2.5%
Nov-2019
718
+ 3.8%
954
+ 11.3%
Dec-2019
567
- 4.7%
750
- 0.9%
Jan-2020
773
+ 5.7%
1,231
+ 7.5%
Feb-2020
838
+ 11.1%
1,496
+ 10.7%
Mar-2020
867
- 13.2%
1,236
- 31.2%
Apr-2020
633
- 43.3%
804
- 58.8%
May-2020
964
- 8.5%
1,396
- 18.9%
Average
819
- 6.0%
1,181
- 11.1%
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 June 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.
May
Year to Date
$345,000
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
$353,750 $340,000
$330,000
$250,000
$263,000
$256,500 $230,485
2018
2019
2020
+5.2%
-2.5%
Detached Single-Family
2018
2019
2020
+4.5%
+2.5%
Attached Single-Family
2018
$241,000
$349,894 $330,000
$254,000
2019
2020
+4.6%
+5.4%
Detached Single-Family
2018
2019
2020
-2.9%
+6.0%
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%
$312,000
+ 1.3%
Feb-2020
$240,000
+ 6.9%
$325,000
+ 3.6%
Mar-2020
$257,000
+ 9.4%
$355,000
+ 11.6%
Apr-2020
$287,950
+ 15.6%
$365,000
+ 6.6%
May-2020
$256,500
- 2.5%
$353,750
+ 2.5%
Median
$250,000
+ 4.2%
$335,000
+ 3.7%
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 June 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.
May
Year to Date $412,599
$372,808
$385,501
$416,039
$421,384
$415,655
$409,014
$405,608
$379,700 $349,222
2018
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
2019
2020
+3.4%
-1.5%
Detached Single-Family
2018
2019
2020
+0.8%
-0.1%
Attached Single-Family
2018
$358,949
$362,945
2019
2020
+2.8%
+1.1%
Detached Single-Family
2018
2019
2020
-2.9%
-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
$327,664
+ 4.8%
$396,587
+ 0.8%
Dec-2019
$362,508
+ 22.0%
$386,091
- 6.6%
Jan-2020
$318,029
+ 5.4%
$386,597
- 4.3%
Feb-2020
$336,663
- 0.8%
$402,404
+ 3.9%
Mar-2020
$372,125
+ 2.7%
$410,728
+ 4.9%
Apr-2020
$399,786
+ 6.0%
$406,621
- 4.9%
May-2020
$379,700
- 1.5%
$415,655
- 0.1%
Average
$364,545
+ 2.5%
$412,043
+ 0.4%
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 June 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.
May
$475,946
Year to Date
$493,323 $471,231
2018
2019
2020
- 1.0%
+ 4.7%
Detached Single-Family
$475,372
2018
$474,985
$493,926
2019
2020
- 0.1%
+ 4.0%
Attached Single-Family
$483,953
2018
$490,796
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
$479,921
2019
2020
+ 1.4%
- 2.2%
Detached Single-Family
$492,704
2018
$494,197
$508,325
2019
2020
+ 0.3%
+ 2.9%
Jun-2019
$487,211
+ 7.4%
$478,759
+ 2.2%
Jul-2019
$454,946
+ 6.4%
$469,850
- 1.5%
Aug-2019
$393,542
- 6.6%
$456,189
+ 1.0%
Sep-2019
$474,485
- 1.7%
$513,124
+ 2.6%
Oct-2019
$420,209
- 4.8%
$476,263
+ 3.7%
Nov-2019
$370,399
- 2.4%
$462,655
- 4.7%
Dec-2019
$380,757
+ 19.7%
$470,913
+ 7.5%
Jan-2020
$460,234
- 4.4%
$529,219
- 3.6%
Feb-2020
$533,373
+ 0.4%
$519,865
+ 1.6%
Mar-2020
$465,349
- 3.3%
$481,837
+ 3.0%
Apr-2020
$434,823
- 12.4%
$520,438
+ 6.6%
May-2020
$493,323
+ 4.7%
$493,926
+ 4.0%
Average
$450,980
- 0.8%
$490,328
+ 1.6%
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 June 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.
May
96.6%
2018
Year to Date
96.4%
95.7%
2019
2020
-0.2%
-0.7%
Detached Single-Family
97.8%
2018
97.4%
96.8%
2019
2020
-0.4%
-0.7%
95.5%
2018
95.4%
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
95.5%
2019
2020
-0.1%
+0.1%
Detached Single-Family
Attached Single-Family
97.3%
2018
96.8%
96.6%
2019
2020
-0.5%
-0.1%
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%
+ 0.2%
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%
Apr-2020
96.7%
+ 0.9%
97.4%
+ 0.2%
May-2020
95.7%
- 0.7%
96.8%
- 0.7%
Average
95.7%
+ 0.0%
96.5%
- 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 June 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.
May
Year to Date 129
118
127
127
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
132
117 100 94
2018
2019
2020
-1.0%
+10.4%
Detached Single-Family
2018
97
94
101
91
2019
2020
+0.2%
+6.6%
2018
2019
2020
-0.4%
+3.8%
Detached Single-Family
Attached Single-Family
2018
2019
2020
+7.0%
+4.1%
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
135
- 4.9%
105
+ 3.6%
Jan-2020
147
+ 5.7%
110
+ 9.5%
Feb-2020
139
+ 3.9%
107
+ 5.2%
Mar-2020
125
- 2.6%
96
- 4.5%
Apr-2020
118
- 3.7%
99
+ 5.4%
May-2020
129
+ 10.4%
100
+ 6.6%
Average
130
+ 4.7%
102
+ 6.1%
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 June 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.
May
Year to Date
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
87 81
98
80
79
97
95
94 85
70 78
62
2018
2019
2020
-2.0%
+10.7%
Detached Single-Family
2018
2019
2020
+12.1%
+14.0%
2018
2019
2020
-1.0%
-2.1%
Detached Single-Family
Attached Single-Family
2018
2019
2020
+9.5%
+9.7%
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
- 3.4%
83
+ 1.6%
Dec-2019
96
+ 16.1%
98
+ 10.9%
Jan-2020
93
- 8.2%
109
+ 10.7%
Feb-2020
100
- 5.5%
108
- 1.0%
Mar-2020
105
- 5.5%
103
+ 7.8%
Apr-2020
91
- 7.6%
75
- 2.3%
May-2020
87
+ 10.7%
80
+ 14.0%
Average
83
- 3.8%
81
+ 11.9%
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 June 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.
May
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
4.7 4.4
4.3
4.2
3.8 3.2
2019
2018
+1.6%
2018
2020
2019 +24.8%
-24.0%
Detached Single-Family
Jun-2019
4.4
+ 1.9%
4.8
+ 20.4%
Jul-2019
4.5
+ 1.6%
4.8
+ 18.7%
Aug-2019
4.5
- 0.6%
4.8
+ 15.3%
Sep-2019
4.5
- 3.4%
4.9
+ 11.0%
Oct-2019
4.4
- 3.4%
4.7
+ 9.7%
Nov-2019
4.0
- 6.3%
4.1
+ 6.2%
Dec-2019
3.5
- 5.4%
3.3
+ 4.8%
Jan-2020
3.4
- 5.1%
3.4
+ 4.1%
Feb-2020
3.5
- 6.0%
3.7
+ 0.7%
Mar-2020
3.5
- 11.7%
3.9
- 2.1%
Apr-2020
3.5
- 15.8%
4.1
- 5.5%
2020
May-2020
3.2
- 24.0%
4.4
- 8.0%
-8.0%
Average
3.9
- 6.4%
4.2
+ 6.2%
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 June 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.
May
Detached Single- Year-Over-Year Attached Single- Year-Over-Year Family Change Family Change
6,302 5,394 3,870
5,152
3,720 2,659
2018
2019
2020
-3.9%
-28.5%
2018
Detached Single-Family
2019
2020
+16.8%
-18.2%
Jun-2019
3,821
- 3.7%
6,389
+ 13.2%
Jul-2019
3,923
- 4.4%
6,412
+ 11.8%
Aug-2019
3,913
- 5.9%
6,289
+ 9.0%
Sep-2019
3,931
- 8.4%
6,434
+ 5.6%
Oct-2019
3,812
- 8.3%
6,175
+ 5.1%
Nov-2019
3,476
- 10.0%
5,400
+ 2.9%
Dec-2019
3,025
- 9.0%
4,353
+ 1.9%
Jan-2020
2,980
- 7.9%
4,566
+ 2.4%
Feb-2020
3,044
- 7.6%
4,982
+ 0.4%
Mar-2020
2,999
- 12.9%
5,143
- 4.8%
Apr-2020
2,857
- 20.7%
4,978
- 14.8%
May-2020
2,659
- 28.5%
5,152
- 18.2%
Average
3,370
- 10.5%
5,523
+ 1.0%
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 June 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 5-2017
5-2018
5-2019
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
Under Contract (Contingent and Pending)
Median Sales Price
Average Sales Price 5-2018
5-2019
5-2018
5-2019
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
5-2017
5-2018
5-2019
5-2020
Housing Affordability Index
Market Time
Months Supply of Inventory 5-2018
5-2019
5-2018
5-2019
+/–
6,059
4,235
- 30.1%
25,897
20,046
- 22.6%
2,952
1,679
- 43.1%
10,404
8,806
- 15.4%
2,774
2,360
- 14.9%
12,620
10,238
- 18.9%
$315,000
$312,500
- 0.8%
$295,000
$307,000
+ 4.1%
$404,960
$400,087
- 1.2%
$389,917
$388,615
- 0.3%
$473,673
$493,725
+ 4.2%
$492,985
$498,276
+ 1.1%
97.1%
96.3%
- 0.8%
96.3%
96.2%
- 0.1%
109
120
+ 9.6%
117
121
+ 3.5%
73
83
+ 13.7%
90
94
+ 4.9%
4.6
3.9
- 15.2%
--
--
--
10,022
7,811
- 22.1%
--
--
--
5-2020
Inventory of Homes for Sale 5-2017
YTD 2019 YTD 2020
5-2020
Percent of Original List Price Received
5-2017
+/–
5-2020
Average List Price 5-2017
5-2020
5-2020
Closed Sales
5-2017
5-2019
5-2020
Current as of June 14, 2020. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2020 ShowingTime. | 15