Deerfield's May Property sales were 31, up 19.2% from 26 in May of 2011 and 55.0% higher than the 20 sales last month. May 2012 sales were at their highest level compared to May of 2011 and 2010. May YTD sales of 97 are running 7.8% ahead of last year's year-to-date sales of 90.
The Median Sales Price in May was $230,000, down -24.3% from $303,750 in May of 2011 and down -11.9% from $261,000 last month. The Average Sales Price in May was $293,378, down -23.0% from $380,846 in May of 2011 and down -25.3% from $392,552 last month. May 2012 ASP was at the lowest level compared to May of 2011 and 2010.
The Total Inventory of Properties available for sale as of May was 129, down -11.6% from 146 last month and down -34.8% from 198 in May of last year. May 2012 Inventory was at the lowest level compared to May of 2011 and 2010.
The May 2012 Months Supply of Inventory of 4.2 months was at its lowest level compared with May of 2011 and 2010. 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 May was 129, up 30.3% from 99 days last month and up 29.0% from 100 days in May of last year. The May 2012 DOM was at a mid range compared with May of 2011 and 2010.
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 May 2012 Selling Price vs Original List Price of 92.9% was down from 95.0% last month and down from 94.8% in May of last year.
The number of New Listings in May 2012 was 52, up 13.0% from 46 last month and up 15.6% from 45 in May of last year.
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