Deerfield’s August Property sales were 31, up 121.4% from 14 in August of 2010 and -8.8% lower than the 34 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 181 are running 16.0% ahead of last year's year-to-date sales of 156.

The Median Sales Price in August was $410,000, up 34.4% from $305,000 in August of 2010 and up 9.8% from $373,500 last month. The Average Sales Price in August was $471,218, up 32.5% from $355,629 in August of 2010 and up 5.4% from $447,063 last month. August 2011 ASP was at a mid range compared to August of 2010 and 2009.

The Total Inventory of Properties available for sale as of August was 182, down -7.6% from 197 last month and down -27.2% from 250 in August of last year. August 2011 Inventory was at the lowest level compared to August of 2010 and 2009.

The August 2011 Months Supply of Inventory of 5.9 months was at its lowest level compared with August 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 August was 92, down -5.2% from 97 days last month and up 1.1% from 91 days in August of last year. The August 2011 DOM was at its highest level compared with August 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 August 2011 Selling Price vs Original List Price of 87.5% was down from 88.4% last month and up from 87.4% in August of last year.

The number of New Listings in August 2011 was 49, up 22.5% from 40 last month and up 14.0% from 43 in August of last year.