Deerfield IL Real Estate Market Action Report November 2010
October Property sales were 17, equal to 17 in October of 2009 and 6.3% higher than the 16 sales last month. October 2010 sales were at their lowest level compared to October of 2009 and 2008. October YTD sales of 189 are running 8.6% ahead of last year's year-to-date sales of 174.
The Median Sales Price in October was $370,000,
up 38.6% from $267,000 in October of 2009 and up 23.1% from $300,500 last month. The Average Sales Price in October was $444,724, up 13.8% from $390,765 in October of 2009 and up 16.4% from $382,206 last month. October 2010 ASP was at a mid range compared to October of 2009 and 2008. October Property sales were 17, equal to 17 in October of 2009 and 6.3% higher than the 16 sales last month. October 2010 sales were at their lowest level compared to October of 2009 and 2008. October YTD sales of 189 are running 8.6% ahead of last year's year-to-date sales of 174 units.
The October 2010 Months Supply of Inventory of 12.3 months was at its lowest level compared with October 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 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 October 2010 Selling Price vs Original List Price of 87.3% was up from 83.2% last month and up from 87.2% in October of last year. 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 October was 80, down 4.8% from 84 days last month and down 43.7% from 142 days in October of last year. The October 2010 DOM was at its lowest level compared with October of 2009 and 2008. The number of New Listings in
The average Days On Market (DOM) shows how many days the average Property is on the market before it
October 2010 was 28, down 30.0% from 40 last month and up 47.4% from 19 in October of last year.


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