Deerfield IL Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 259, up 1.6% from 255 last month and down -

6.5% from 277 in June of last year. June 2010 Inventory was at its lowest level compared with June of 2009 and

2008.

The Median Sales Price in June was $502,000, up 13.8% from $441,000 in June of 2009 and up 13.0% from $444,150 last month. The Average Sales Price in June was $502,330, down -5.9% from $534,050 in June of 2009 and up 24.6% from $403,152 last month. June 2010 ASP was at a mid range compared to June of 2009 and 2008.

June Property sales were 30, up 30.4% from 23 in June of 2009 and 25.0% higher than the 24 sales last month. June 2010 sales were at their highest level compared to June of 2009 and 2008. June YTD sales of 119 are running 41.7% ahead of last year's year-to-date sales of 84.

A comparatively lower Months Supply of Inventory is more beneficial for sellers while a higher MSI is better for buyers. The June 2010 MSI of 8.6 months was at its lowest level compared with June of 2009 and 2008.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market.


The June 2010 Selling Price vs Original List Price of
89.8% was up from 88.3% last month and up from 88.6% in June of last year.


The average Days On Market (DOM) shows how many
days the average Property is on the market before it

sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a

move towards more of a Seller's market. The DOM for June was 95, down -35.8% from 148 days last month

and down -12.8% from 109 days in June of last year. The June 2010 DOM was at its lowest level compared

with June of 2009 and 2008

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.