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Deerfield IL Real Estate Market Action Report August 2014


By Art Wilson, Realtor
 
Deerfield's July Property sales were 42, down -20.8% from 53 in July of 2013 and 2.4% higher than the 41 sales last month. July 2014 sales were at a mid level compared to July of 2013 and 2012. July YTD sales of 195 are running -21.7% behind last year's year-to-date sales of 249.
The Median Sales Price in July was $426,000, up 17.5% from $362,500 in July of 2013 and up 12.8% from $377,500 last month. The Average Sales Price in July was $482,115, up 20.7% from $399,441 in July of 2013 and up 6.6% from $452,302 last month. July 2014 ASP was at highest level compared to July of 2013 and 2012.
The Total Inventory of Properties available for sale as of July was 117, down -0.8% from 118 last month and up 7.3% from 109 in July of last year. July 2014 Inventory was at a mid range compared to July of 2013 and 2012.
The July 2014 Months Supply of Inventory of 2.8 months was at a mid range compared with July of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher ... more

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