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Deerfield IL Real Estate Market Action Report July 2015

By Art Wilson, Realtor
 
Deerfield's June Property sales were 54, up 17.4% from 46 in June of 2014 and 63.6% higher than the 33 sales last month. June 2015 sales were at a mid level compared to June of 2014 and 2013. June YTD sales of 184 are running 1.7% ahead of last year's year-to-date sales of 181.
The Median Sales Price in June was $460,625, up 16.9% from $394,000 in June of 2014 and down -11.4% from $520,000 last month. The Average Sales Price in June was $534,986, up 12.6% from $474,943 in June of 2014 and down -3.1% from $551,836 last month. June 2015 ASP was at highest level compared to June of 2014 and 2013.
The Total Inventory of Properties available for sale as of June was 213, up 1.9% from 209 last month and up 49.0% from 143 in June of last year. June 2015 Inventory was at highest level compared to June of 2014 and 2013.
The June 2015 Months Supply of Inventory of 3.9 months was at its highest level compared with June of 2014 and 2013.  A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days ... more

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