Deerfield IL Real Estate Market Action Report February 2013

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Deerfield's January Property sales were 12, down -7.7% from 13 in January of 2012 and -58.6% lower than the 29 sales last month. January 2013 sales were at a mid level compared to January of 2012 and 2011. January YTD sales of 12 are running -7.7% behind last year's year-to-date sales of 13.

The Median Sales Price in January was $227,500, down -11.7% from $257,500 in January of 2012 and down -31.8% from $333,750 last month.

The Average Sales Price in January was $287,867, down -10.4% from $321,406 in January of 2012 and down -28.2% from $400,832 last month. January 2013 ASP was at the lowest level compared to January of 2012 and 2011.

The Total Inventory of Properties available for sale as of January was 101, up 5.2% from 96 last month and down -39.2% from 166 in January of last year. January 2013 Inventory was at the lowest level compared to January of 2012 and 2011.

The January 2013 Months Supply of Inventory of 8.4 months was at its lowest level compared with January of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a more towards more of a Seller's market. The DOM for January was 108, up 18.7% from 91 days last month and down -12.9% from 124 days in January of last year. The January 2013 DOM was at its lowest level compared with January of 2012 and 2011.

The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The January 2013 Selling Price vs List Price of 93.2% was up from 92.4% last month and up from 90.2% in January of last year.

The number of New Listings in January 2013 was 52, up 225.0% from 16 last month and up 33.3% from 39 in January of last year.

Posted by

Art Wilson, Broker, ABR, CRP, CRS
Coldwell Banker Residential Brokerage        
552 Lincoln Ave.Winnetka, IL 60093              

Cell: 847-363-1599

Serving Chicago's North Shore Suburbs

Art.Wilson@cbexchange.com 
www.NorthShoreHomesOnline.com

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