Deerfield IL Real Estate Market Action Report September 2010

The Total Inventory of Properties available for sale as of August was 150, down 8.5% from 164 last month and

down 14.3% from 175 in August of last year. August 2010 Inventory was at its lowest level compared with August of 2009 and 2008.

The August 2010 MSI of 15.0 months was at a mid level compared with August of 2009 and 2008. A comparatively lower Months Supply of Inventory is more beneficial for sellers while a higher MSI is better for buyers.

The Median Sales Price in August was $435,000, down 20.9% from $550,000 in August of 2009 and down 26.4% from $591,000 last month. The Average Sales Price in August was $401,730, down 30.6% from $578,620 in August of 2009 and down 33.6% from $605,039 last month. August 2010 ASP was at the lowest level compared to August of 2009 and 2008.

August Property sales were 10, down 56.5% from 23 in August of 2009 and 44.4% lower than the 18 sales

last month. August 2010 sales were at their lowest level compared to August of 2009 and 2008. August YTD sales of 111 are running 23.3% ahead of last year's year-to-date sales of 90.

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 August was 109, down 34.7% from 167 days last month

and up 84.7% from 59 days in August of last year. The August 2010 DOM was at a mid level compared with

August of 2009 and 2008.

 

 

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