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Lender-Mediated Report – December 2017 A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC FOR MEMBERS OF THE OAK PARK AREA ASSOCIATION OF REALTORS® Lender-mediated properties are those marked in MRED as "Foreclosed," "REO," "Pre-Foreclosure" or "Short Sale." Residential activity only.

Share of Closed Sales that were Lender-Mediated: 2.7%

Closed Sales

60%

50%

40%

30%

20%

10%

0% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

12-2016

12-2017

+/–

Traditional

69

71

+2.9%

REO

7

2

-71.4%

Short Sales

4

0

-100.0%

Total Market*

80

73

-8.8%

Median Sales Price

12-2016

12-2017

+/–

Traditional

$356,900

$250,180

-29.9%

REO

$84,900

$241,000

+183.9%

Short Sales

$264,500

$0

-100.0%

Total Market*

$344,250

$250,180

-27.3%

1-2017

*Total Market is not a sum of traditional, REO and short sale activity, as some lender-mediated homes can be listed both as REO and short sale.

Median Sales Prices

Traditional

Lender-Mediated

$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Data current as of January 14, 2018. All data from Midwest Real Estate Data. Powered by ShowingTime 10K.


Lender-Mediated Report – Activity by Area A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC FOR MEMBERS OF THE OAK PARK AREA ASSOCIATION OF REALTORS® Lender-mediated properties are those marked in MRED as "Foreclosed," "REO," "Pre-Foreclosure" or "Short Sale." Residential activity only. | Total represents all traditional and lendermediated activity. Share represents the market share of lender-mediated activity for each area. | Inventory counts are based on one month of activity for the current month. Closed Sales, Median Sales Price and Average Sales Price figures are based on a rolling 12-month timeframe through the month indicated.

Homes for Sale

Closed Sales

Median Sales Price

Average Sales Price

Current Month

Last 12 Months

For the 12 Months Ending…

For the 12 Months Ending…

December 2017

12-2016 Total

LenderMediated

Share

Forest Park

39

2

Oak Park

189

River Forest

57

+/–

12-2017

12-2016

12-2017

+/–

12-2016

12-2017

+/–

12-2016

12-2017

+/–

Total

LenderMediated

Share

5.1%

260

18

6.9%

$91,500

$92,310

+0.9%

$218,000 $220,000

+0.9%

$103,004 $116,429

+13.0%

$223,968

$227,332

+1.5%

17

9.0%

914

45

4.9%

$195,000 $130,000

-33.3%

$360,000 $345,500

-4.0%

$216,291 $182,177

-15.8%

$384,631

$366,670

-4.7%

0

0.0%

218

13

6.0%

$167,750 $395,000

+135.5%

$495,000 $518,000

+4.6%

$254,586 $468,976

+84.2%

$547,944

$535,417

-2.3%

Traditional Properties

Lender-Mediated

Lender-Mediated

Traditional Properties

All data provided by Midwest Real Estate Data LLC. Powered by ShowingTime 10K.


Monthly Indicators A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC FOR MEMBERS OF THE OAK PARK AREA ASSOCIATION OF REALTORSÂŽ RESIDENTIAL REAL ESTATE ACTIVITY ONLY

December 2017 The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons in a majority of the country for the entirety of 2017, as was housing affordability. And although total sales volumes were mixed, prices were consistently up in most markets. Buyers may not benefit from higher prices, but sellers do, and there should be more listing activity by more confident sellers in 2018. At least that would be the most viable prediction for an economic landscape pointing toward improved conditions for sellers. New Listings in the Oak Park region increased 33.3 percent to 76. Listings Under Contract were up 1.4 percent to 70. Inventory levels rose 0.4 percent to 285 units. Prices were a tad soft. The Median Sales Price decreased 27.3 percent to $250,180. Market Times were down 1.4 percent to 101 days. Buyers felt empowered as Months Supply of Inventory was up 3.4 percent to 2.4 months. Unemployment rates have remained low throughout 2017, and wages have shown improvement, though not always to levels that match home price increases. Yet housing demand remained incredibly strong in 2017, even in the face of higher mortgage rates that are likely to increase further in 2018. Home building and selling professionals are both cautiously optimistic for the year ahead. Housing and economic indicators give reason for this optimism, with or without new federal tax legislation.

Quick Facts - 8.8%

- 27.3%

+ 0.4%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview New Listings Closed Sales Under Contract Median Sales Price Average Sales Price Average List Price Percent of Original List Price Received Housing Affordability Index Market Time Months Supply of Inventory Inventory of Homes for Sale

2 3 4 5 6 7 8 9 10 11 12 13

Data current as of January 14, 2018. All data from Midwest Real Estate Data. Report Š 2018 ShowingTime.


Market Overview Key market metrics for the current month and year-to-date figures.

Key Metrics

Historical Sparklines

New Listings 12-2014

12-2015

12-2016

12-2015

12-2016

(Contingent and Pending) 12-2015

12-2016

12-2015

12-2016

12-2015

12-2016

12-2015

12-2016

12-2015

12-2016

12-2015

12-2016

12-2015

12-2016

2,241

2,421

+ 8.0%

80

73

- 8.8%

1,425

1,392

- 2.3%

69

70

+ 1.4%

1,442

1,399

- 3.0%

$344,250

$250,180

- 27.3%

$305,000

$306,635

+ 0.5%

$378,952

$323,313

- 14.7%

$359,075

$359,053

- 0.0%

$321,713

$417,091

+ 29.6%

$424,259

$434,233

+ 2.4%

93.3%

94.3%

+ 1.0%

94.4%

95.4%

+ 1.0%

87

123

+ 41.4%

98

100

+ 2.0%

103

101

- 1.4%

89

77

- 13.8%

2.4

2.4

+ 3.4%

--

--

--

284

285

+ 0.4%

--

--

--

12-2017

Market Time 12-2014

+ 33.3%

12-2017

Housing Affordability Index 12-2014

76

12-2017

Percent of Original List Price Received 12-2014

57

12-2017

Average List Price 12-2014

+/–

12-2017

Average Sales Price 12-2014

YTD 2016 YTD 2017

12-2017

Median Sales Price 12-2014

+/–

12-2017

Under Contract 12-2014

12-2017

12-2017

Closed Sales 12-2014

12-2016

12-2017

Months Supply of Homes for Sale 12-2014

12-2015

12-2016

12-2017

12-2014

12-2015

12-2016

12-2017

Inventory of Homes for Sale

All data from Midwest Real Estate Data LLC. Report © 2018 ShowingTime. | 2


New Listings A count of the properties that have been newly listed on the market in a given month.

December

Year To Date 76

74

Current Year

+/–

141

157

+11.3%

February

209

227

+8.6%

March

284

276

-2.8%

April

294

225

-23.5%

May

232

294

+26.7%

June

232

256

+10.3%

July

190

222

+16.8%

August

205

194

-5.4%

September

195

213

+9.2%

October

126

173

+37.3%

November

76

108

+42.1%

December

57

76

+33.3%

12-Month Avg

187

202

+8.0%

January

2,254

57

-23.0%

+33.3%

2016

2017

2015

Prior Year

Month

2015

2,421

2,241

-0.6%

+8.0%

2016

2017

Historical New Listing Activity 400 350 300 250 200 150 100 50 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 3


Closed Sales A count of the actual sales that have closed in a given month.

December

Year To Date

95

1,425 80

-15.8%

-8.8%

2016

2017

2015

1,392

1,228

73

2015

Prior Year

Current Year

+/–

January

64

78

+21.9%

February

67

63

-6.0%

March

91

94

+3.3%

April

131

148

+13.0%

May

170

157

-7.6%

June

206

200

-2.9%

July

165

138

-16.4%

August

140

158

+12.9%

September

131

107

-18.3%

October

94

91

-3.2%

November

86

85

-1.2%

December

80

73

-8.8%

12-Month Avg

119

116

-1.1%

Month

+16.0%

-2.3%

2016

2017

Historical Closed Sales Activity 220 200 180 160 140 120 100 80 60 40 20 0 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 4


Under Contract A count of the properties in either a contingent or pending status in a given month.

December

Year To Date 1,442

70

69

1,399

1,262 55

+25.5%

+1.4%

2016

2017

2015

2015

Prior Year

Current Year

+/–

January

88

81

-8.0%

February

128

131

+2.3%

March

177

167

-5.6%

April

173

164

-5.2%

May

169

163

-3.6%

June

170

147

-13.5%

July

96

119

+24.0%

August

120

115

-4.2%

September

97

82

-15.5%

October

88

91

+3.4%

November

67

69

+3.0%

December

69

70

+1.4%

12-Month Avg

120

117

-3.0%

Month

+14.3%

-3.0%

2016

2017

Historical Under Contract Activity 200 180 160 140 120 100 80 60 40 20 0 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 5


Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

December

Year To Date $305,000

$344,250

$306,635

$277,870 $275,000 $250,180

2015

+25.2%

-27.3%

2016

2017

2015

Prior Year

Current Year

+/–

January

$343,500

$268,500

-21.8%

February

$240,000

$264,500

+10.2%

March

$260,000

$297,500

+14.4%

April

$283,500

$325,000

+14.6%

May

$334,200

$321,000

-3.9%

June

$364,450

$335,000

-8.1%

July

$325,000

$307,000

-5.5%

August

$296,000

$333,500

+12.7%

September

$289,900

$310,000

+6.9%

October

$261,625

$255,000

-2.5%

November

$323,000

$260,000

-19.5%

December

$344,250

$250,180

-27.3%

12-Month Med

$305,000

$306,635

+0.5%

Month

+9.8%

+0.5%

2016

2017

Historical Median Sales Price $450,000 $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

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 6


Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

December

Year To Date $378,952

$326,666

2015

$359,075

+ 16.0%

- 14.7%

2016

2017

$359,053

$331,908

$323,313

2015

Prior Year

Current Year

+/–

January

$393,861

$327,466

-16.9%

February

$298,690

$290,206

-2.8%

March

$313,723

$375,100

+19.6%

April

$322,407

$370,689

+15.0%

May

$380,425

$374,219

-1.6%

June

$395,719

$375,722

-5.1%

July

$376,082

$359,817

-4.3%

August

$350,813

$391,152

+11.5%

September

$366,275

$363,218

-0.8%

October

$312,051

$346,839

+11.1%

November

$356,854

$311,446

-12.7%

December

$378,952

$323,313

-14.7%

12-Month Avg

$359,075

$359,053

-0.0%

Month

+ 8.2%

- 0.0%

2016

2017

Historical Average Sales Price $525,000 $475,000 $425,000 $375,000 $325,000 $275,000 $225,000 $175,000 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 7


Average List Price Average list price for all new listings in a given month.

December

Year To Date $417,091 $424,259

$434,233

$395,392

$348,471 $321,713

2015

- 7.7%

+ 29.6%

2016

2017

2015

Prior Year

Current Year

+/–

January

$411,300

$445,230

+8.2%

February

$462,869

$500,756

+8.2%

March

$431,632

$461,957

+7.0%

April

$413,297

$412,139

-0.3%

May

$423,698

$403,206

-4.8%

June

$442,568

$476,402

+7.6%

July

$440,433

$411,618

-6.5%

August

$409,305

$390,398

-4.6%

September

$467,882

$397,230

-15.1%

October

$372,834

$464,699

+24.6%

November

$353,971

$399,720

+12.9%

December

$321,713

$417,091

+29.6%

12-Month Avg

$424,259

$434,233

+2.4%

Month

+ 7.3%

+ 2.4%

2016

2017

Historical Average List Price $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 8


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.

December 93.7%

Year To Date 94.3%

93.3%

93.1%

-0.4%

+1.0%

2016

2017

2015

2015

94.4%

95.4%

+1.5%

+1.0%

2016

2017

Month

Prior Year

Current Year

+/–

January

91.9%

91.1%

-0.9%

February

89.8%

93.8%

+4.5%

March

92.4%

95.2%

+3.0%

April

94.6%

95.3%

+0.7%

May

95.7%

96.4%

+0.8%

June

95.5%

96.7%

+1.2%

July

97.6%

96.7%

-1.0%

August

93.2%

95.5%

+2.5%

September

94.4%

95.5%

+1.2%

October

93.8%

94.8%

+1.0%

November

94.5%

95.3%

+0.8%

December

93.3%

94.3%

+1.0%

12-Month Avg

94.4%

95.4%

+1.0%

Historical Percent of Original List Price Received 100% 98% 96% 94% 92% 90% 88% 86% 84% 82% 80% 78% 76% 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report © 2018 ShowingTime. | 9


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.

December

Year To Date 108

123

100

98

110 87

-20.9%

+41.4%

2016

2017

2015

2015

Prior Year

Current Year

+/–

January

89

113

+27.0%

Month

-9.3%

+2.0%

2016

2017

February

129

115

-10.9%

March

119

102

-14.3%

April

110

95

-13.6%

May

94

97

+3.2%

June

86

92

+7.0%

July

97

101

+4.1%

August

106

93

-12.3%

September

110

100

-9.1%

October

122

121

-0.8%

November

95

118

+24.2%

December

87

123

+41.4%

12-Month Avg

104

106

+3.8%

Historical Housing Affordability Index 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

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 10


Market Time Average number of days between when a property is listed and when an offer is accepted in a given month.

December

Year To Date 103

97

89

89

101

77

2015

+6.0%

-1.4%

2016

2017

2015

Prior Year

Current Year

+/–

January

108

92

-14.7%

February

129

104

-19.4%

March

137

93

-31.9%

April

90

97

+7.2%

May

85

64

-23.9%

June

76

60

-21.7%

July

75

60

-20.0%

August

88

71

-19.7%

September

87

78

-10.3%

October

67

65

-3.4%

Month

+0.5%

-13.8%

2016

2017

November

80

87

+9.1%

December

103

101

-1.4%

12-Month Avg

89

77

-13.8%

Historical Market Times 250 230 210 190 170 150 130 110 90 70 50 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 11


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.

December

Prior Year

Current Year

+/–

January

3.8

2.6

-33.2%

February

4.0

2.8

-29.1%

March

4.3

3.3

-22.4%

April

4.7

3.3

-28.5%

May

4.6

3.7

-18.4%

June

4.3

3.9

-9.1%

July

4.2

3.8

-9.6%

August

4.1

3.6

-12.0%

September

4.1

3.9

-4.5%

October

3.7

3.7

-0.2%

November

3.1

3.0

-0.9%

December

2.4

2.4

+3.4%

12-Month Avg

3.9

3.4

-14.8%

Month

3.9

2.4

2.4

2015

-39.7%

+3.4%

2016

2017

Historical Months Supply of Inventory 19 17 15 13 11 9 7 5 3 1 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 12


Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.

December

Prior Year

Current Year

+/–

406

305

-24.9%

February

436

341

-21.8%

March

480

398

-17.1%

April

534

394

-26.2%

Month January

412 285

284

2015

-31.1%

+0.4%

2016

2017

May

529

440

-16.8%

June

507

449

-11.4%

July

500

452

-9.6%

August

489

425

-13.1%

September

491

454

-7.5%

October

443

430

-2.9%

November

366

355

-3.0%

December

284

285

+0.4%

12-Month Avg

455

394

-12.8%

Historical Inventory of Homes for Sale 1,200 1,100 1,000 900 800 700 600 500 400 300 200 1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

All data from Midwest Real Estate Data LLC. Report Š 2018 ShowingTime. | 13

December 2017 Market Stats  
December 2017 Market Stats