Deerfield IL Real Estate Market Action Report December 2011
Deerfield’s November Property sales were 21, up 133.3% from 9 in November of 2010 and 16.7% higher than the 18 sales last month. November 2011 sales were at their highest level compared to November of 2010 and 2009. November YTD sales of 241 are running 21.7% ahead of last year's year-to-date sales of 198.
The Median Sales Price in November was $267,500, down -0.6% from $269,000 in November of 2010 and down -28.7% from $375,000 last month. The Average Sales Price in November was $297,879, up 7.1% from $278,222 in November of 2010 and down -27.6% from $411,581 last month. November 2011 ASP was at a mid range compared to November of 2010 and 2009.
The Total Inventory of Properties available for sale as of November was 171, down -8.6% from 187 last month and down -20.1% from 214 in November of last year. November 2011 Inventory was at the lowest level compared to November of 2010 and 2009.
The November 2011 Months Supply of Inventory of 8.1 months was at its lowest level compared with November 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) 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 November was 74, up 2.8% from 72 days last month and down -65.9% from 217 days in November of last year. The November 2011 DOM was at its lowest level compared with November of 2010 and 2009.
The Selling Price vs Original Listing Price reveals 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 November 2011 Selling Price vs Original List Price of 87.0% was down from 88.6% last month and up from 79.5% in November of last year.
The number of New Listings in November 2011 was 28, down -26.3% from 38 last month and down -17.6% from 34 in November of last year.


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