By Art Wilson, Realtor
Deerfield's April Property sales were 29, down -6.5% from 31 in April of 2013
and 45.0% higher than the 20 sales last month. April 2014 sales were at a mid
level compared to April of 2013 and 2012. April YTD sales of 84 are running
-9.7% behind last year's year-to-date sales of 93.
The Median Sales Price in April was $382,500, up 53.0% from $250,000 in
April of 2013 and up 25.8% from $304,000 last month. The Average Sales
Price in April was $422,841, down -1.9% from $430,846 in April of 2013 and
down -4.6% from $443,075 last month. April 2014 ASP was at a mid range
compared to April of 2013 and 2012.
The Total Inventory of Properties available for sale as ofApril was 108, up
22.7% from 88 last month and down -1.8% from 110 in April oflast year.
April 2014 Inventory was at the lowest level compared to April of 2013 and
2012.
The April 2014 Months Supply of Inventory of 3.7 months was at a mid range compared with April of 2013 and 2012. 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 April was 38, down -22.4% from 49 days last month and down -42.4% from 66 days in April of last year. The April 2014 DOM was at its lowest level compared with April of 2013 and 2012.
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 April 2014 Selling Price vs List Price of 96.1% was up from 96.0% last month and down from 96.5% in April of last year.
The number of New Listings in April 2014 was 68, up 4.6% from 65 last month and up 11.5% from 61 in April of last year.
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