Deerfield IL Real Estate Market Action Report May 2010
April property sales were 22, up 69.2% from 13 in April of 2009 and 10.0% higher than the 20 sales last month. April 2010 sales were at their highest level compared to April of 2009 and 2008. April YTD sales of 63 are running 53.7% ahead of last year's year-to-date sales of 41.
The median sales price in April was $320,000, down -2.1% from $327,000 in April of 2009 and up 1.6% from $315,000 last month. The average sales price in April was $346,364, down -1.5% from $351,615 in April of 2009 and down -16.9% from $416,913 last month. April 2010 ASP was at the lowest level compared to April of 2009 and 2008.
The total inventory of properties available for sale as of April was 253, up 7.2% from 236 last month and down - 1.6% from 257 in April of last year. April 2010 inventory was at its lowest level compared with April of 2009 and 2008.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2010 MSI of 11.5 months was at its lowest level compared with April of 2009 and 2008.


Comments