By Art Wilson, Realtor
Deerfield’s October Property sales were 34, up 3300.0% from 1 in October of 2014 and 9.7% higher than the 31 sales last month. October 2015 sales were at their highest level compared to October of 2014 and 2013. October YTD sales of 204 are running 5000.0% ahead of last year's year-to-date sales of 4.
The Median Sales Price in October was $412,500, down -45.0% from $750,000 in October of 2014 and down -4.3% from $431,000 last month. The Average Sales Price in October was $602,327, down -19.7% from $750,000 in October of 2014 and up 21.2% from $497,015 last month. October 2015 ASP was at a mid range compared to October of 2014 and 2013.
The Total Inventory of Properties available for sale as of October was 241, up 6.6% from 226 last month and up 588.6% from 35 in October of last year. October 2015 Inventory was at highest level compared to October of 2014 and 2013.
The October 2015 Months Supply of Inventory of 7.1 months was at a mid range compared with October 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 October was 48, up 9.1% from 44 days last month and up 33.3% from 36 days in October of last year. The October 2015 DOM was at its highest level compared with October of 2014 and 2013.
The Selling Price vs Listing Price reveals 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 October 2015 Selling Price vs List Price of 93.9% was down from 96.2% last month and equal to 93.9% in October of last year.
The number of New Listings in October 2015 was 72, down -2.7% from 74 last month and up 1100.0% from 6 in October of last year.