Deerfield’s January Property sales were 11, up 22.2% from 9 in January of 2010 and -31.3% lower than the 16 sales last month. January 2011 sales were at their highest level compared to January of 2010 and 2009. January YTD sales of 11 are running 22.2% ahead of last year's year-to-date sales of 9.

The Median Sales Price in January was $300,000, down -42.9% from $525,000 in January of 2010 and down -2.1% from $306,500 last month. The Average Sales Price in January was $325,273, down -36.5% from $512,450 in January of 2010 and down -8.0% from $353,646 last month. January 2011 ASP was at a mid range compared to January of 2010 and 2009.

The Total Inventory of Properties available for sale as of January was 165, down -8.3% from 180 last month and down -20.3% from 207 in January of last year. January 2011 Inventory was at the lowest level compared to January of 2010 and 2009. The January 2011 MSI of 15.0 months was at its lowest level compared with January of 2010 and 2009.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is 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 January was 119, down -4.0% from 124 days last month and down -3.3% from 123 days in January of last year. The January 2011 DOM was at its lowest level compared with January of 2010 and 2009.

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 January 2011 Selling Price vs Original List Price of 84.9% was up from 82.4% last month and down from 88.6% in January of last year.

The number of New Listings in January 2011 was 35, up 94.4% from 18 last month and down -10.3% from 39 in January of last year.