Deerfield IL Real Estate Market Action Report October 2010
September Property sales were 16, down 33.3% from 24 in September of 2009 and 14.3% higher than the 14 sales last month. September 2010 sales were at their lowest level compared to September of 2009 and 2008. September YTD sales of 172 are running 9.6% ahead of last year's year-to-date volume. The Total Inventory of Properties available for sale as of September was 226, down 7.8% from 245 last month and down 13.4% from 261 in September of last year. September 2010 Inventory was at its lowest level compared with September of 2009 and 2008.
The Median Sales Price in September was $300,500, down 8.4% from $328,000 in September of 2009 and down 1.5% from $305,000 last month. The Average Sales Price in September was $382,206, up 19.5% from $319,719 in September of 2009 and up 7.5% from $355,629 last month. September 2010 ASP was at a mid range compared to September of 2009 and 2008.
The September 2010 Months Supply of Inventory of 14.1 months was at its highest level compared with September of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The Selling Price vs Original Listing Price gives 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 September 2010 Selling Price vs Original List Price of 83.2% was down from 87.4% last month and up from 82.5% in September 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 September was 84, down 7.7% from 91 days last month and down 43.2% from 148 days in September of last year. The September 2010 DOM was at its lowest level compared with September of 2009 and 2008.


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