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Deerfield IL Real Estate Market Action Report February 2013
Deerfield's January Property sales were 12, down -7.7% from 13 in January of 2012 and -58.6% lower than the 29 sales last month. January 2013 sales were at a mid level compared to January of 2012 and 2011. January YTD sales of 12 are running -7.7% behind last year's year-to-date sales of 13.
The Median Sales Price in January was $227,500, down -11.7% from $257,500 in January of 2012 and down -31.8% from $333,750 last month.
The Average Sales Price in January was $287,867, down -10.4% from $321,406 in January of 2012 and down -28.2% from $400,832 last month. January 2013 ASP was at the lowest level compared to January of 2012 and 2011.
The Total Inventory of Properties available for sale as of January was 101, up 5.2% from 96 last month and down -39.2% from 166 in January of last year. January 2013 Inventory was at the lowest level compared to January of 2012 and 2011.
The January 2013 Months Supply of Inventory of 8.4 months was at its lowest level compared with January of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
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