By Art Wilson, Realtor
Deerfield's December Property sales were 38, up 31.0% from 29 in December of 2012 and 192.3% higher than the 13 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011. December YTD sales of 412 are running 36.0% ahead of last year's year-to-date sales of 303.
The Median Sales Price in December was $417,500, up 25.1% from $333,750 in December of 2012 and up 7.9% from $387,000 last month. The Average Sales Price in December was $506,760, up 26.4% from $400,832 in December of 2012 and up 25.6% from $403,512 last month. December 2013 ASP was at highest level compared to December of 2012 and 2011.
The Total Inventory of Properties available for sale as of December was 62, down -20.5% from 78 last month and down -41.0% from 105 in December of last year. December 2013 Inventory was at the lowest level compared to December of 2012 and 2011.
The December 2013 Months Supply of Inventory of 1.6 months was at its lowest level compared with December of 2012 and 2011. 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 December was 34, down -30.6% from 49 days last month and down -62.6% from 91 days in December of last year. The December 2013 DOM was at its lowest level compared with December of 2012 and 2011.
The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their 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 December 2013 Selling Price vs List Price of 96.4% was down from 98.9% last month and up from 92.4% in December of last year.
The number of New Listings in December 2013 was 17, down -26.1% from 23 last month and up 6.3% from 16 in December of last year.
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