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Deerfield IL Real Estate Market Action Report May 2017
By Art Wilson, Realtor
Deerfield’s March Property sales were 28, up 33.3% from 21 in March of 2016 and 16.7% higher than the 24 sales last month. March 2017 sales were at their highest level compared to March of 2016 and 2015. March YTD sales of 76 are running 40.7% ahead of last year's year-to-date sales of 54.
The Median Sales Price in March was $452,750, up 1.7% from $445,000 in March of 2016 and down -9.2% from $498,700 last month. The Average Sales Price in March was $486,030, up 4.3% from $466,060 in March of 2016 and down -11.5% from $548,896 last month. March 2017 ASP was at highest level compared to March of 2016 and 2015.
The Total Inventory of Properties available for sale as of March was 227, up 9.1% from 208 last month and down -11.0% from 255 in March of last year. March 2017 Inventory was at a mid range compared to March of 2016 and 2015. The March 2017 Month’s Supply of Inventory of 8.1 months was at a mid range compared with March of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On ... more

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