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Deerfield IL Real Estate Market Action Report August 2016
By Art Wilson, Realtor
Deerfield's July Property sales were 56, up 36.6% from 41 in July of 2015 and 5.7% higher than the 53 sales last month. July 2016 sales were at their highest level compared to July of 2015 and 2014. July YTD sales of 244 are running 141.6% ahead of last year's year-to-date sales of 101.
The Median Sales Price in July was $433,000, up 8.3% from $400,000 in July of 2015 and down -0.5% from $435,000 last month. The Average Sales Price in July was $516,452, down -7.6% from $559,222 in July of 2015 and up 4.0% from $496,818 last month. July 2016 ASP was at a mid range compared to July of 2015 and 2014.
The Total Inventory of Properties available for sale as of July was 264, down -7.0% from 284 last month and up 12.8% from 234 in July of last year. July 2016 Inventory was at highest level compared to July of 2015 and 2014.
The July 2016 Months Supply of Inventory of 4.7 months was at a mid range compared with July of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average ... more

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