Deerfield IL Real Estate Market Action Report July 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

By Art Wilson, Realtor

 

Deerfield's June Property sales were 54, up 17.4% from 46 in June of 2014 and 63.6% higher than the 33 sales last month. June 2015 sales were at a mid level compared to June of 2014 and 2013. June YTD sales of 184 are running 1.7% ahead of last year's year-to-date sales of 181.

The Median Sales Price in June was $460,625, up 16.9% from $394,000 in June of 2014 and down -11.4% from $520,000 last month. The Average Sales Price in June was $534,986, up 12.6% from $474,943 in June of 2014 and down -3.1% from $551,836 last month. June 2015 ASP was at highest level compared to June of 2014 and 2013.

The Total Inventory of Properties available for sale as of June was 213, up 1.9% from 209 last month and up 49.0% from 143 in June of last year. June 2015 Inventory was at highest level compared to June of 2014 and 2013.

The June 2015 Months Supply of Inventory of 3.9 months was at its highest level compared with June of 2014 and 2013.  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 June was 52, down -11.9% from 59 days last month and up 4.0% from 50 days in June of last year. The June 2015 DOM was at a mid range compared with June of 2014 and 2013.

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 June 2015 Selling Price vs List Price of 95.5% was down from 96.0% last month and down from 96.9% in June of last year.

The number of New Listings in June 2015 was 86, up 1.2% from 85 last month and up 6.2% from 81 in June 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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