Deerfield IL Real Estate Market Action Report May 2013

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

By Art Wilson, Realtor

 

Deerfield's April Property sales were 31, up 55.0% from 20 in April of 2012 and -8.8% lower than the 34 sales last month. April 2013 sales were at their highest level compared to April of 2012 and 2011. April YTD sales of 93 are running 40.9% ahead of last year's year-to-date sales of 66. 

 

The Median Sales Price in April was $250,000, down -4.2% from $261,000 in April of 2012 and down -28.1% from $347,500 last month. The Average Sales Price in April was $430,846, up 9.8% from $392,552 in April of 2012 and up 17.2% from $367,691 last month. April 2013 ASP was at highest level compared to April of 2012 and 2011.

 

The Total Inventory of Properties available for sale as of April was 93, up 3.3% from 90 last month and down -43.3% from 164 in April of last year. April 2013 Inventory was at the lowest level compared to April of 2012 and 2011.

 

The April 2013 Months Supply of Inventory of 3.0 months was at its lowest level compared with April 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 move towards more of a Seller's market. The DOM for April was 66, down -12.0% from 75 days last month and down -33.3% from 99 days in April of last year. The April 2013 DOM was at its lowest level compared with April 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 April 2013 Selling Price vs List Price of 96.5% was up from 96.3% last month and up from 95.0% in April of last year.

 

The number of New Listings in April 2013 was 60, up 27.7% from 47 last month and up 30.4% from 46 in April 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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Illinois Lake County Deerfield
Groups:
Posts to Localism
Chicagoland and Northern Illinois Real Estate
Illinois Real Estate
City and State
Local Expert
Tags:
deerfield il market conditions
deerfield il real estate sales

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
399,997

Art Wilson

Realtor - Chicago's North Shore
Contact me now for available homes
*
*
*
*
Spam prevention

Additional Information