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Deerfield IL Real Estate Market Action Report September 2017
By Art Wilson, Realtor
Deerfield’s August Property sales were 41, down -34.9% from 63 in August of 2016 and 28.1% higher than the 32 sales last month. August 2017 sales were at a mid level compared to August of 2016 and 2015. August YTD sales of 285 are running -7.2% behind last year's year-to-date sales of 307.
The Median Sales Price in August was $498,000, up 13.2% from $440,000 in August of 2016 and down -5.5% from $527,000 last month. The Average Sales Price in August was $628,413, up 30.1% from $483,001 in August of 2016 and up 8.3% from $579,997 last month. August 2017 ASP was at highest level compared to August of 2016 and 2015.
The Total Inventory of Properties available for sale as of August was 291, down -2.0% from 297 last month and up 9.0% from 267 in August of last year. August 2017 Inventory was at highest level compared to August of 2016 and 2015.
The August 2017 Month’s Supply of Inventory of 7.1 months was at its highest level compared with August 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 Market (DOM) is ... more
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