By Art Wilson, Realtor
Deerfield's June Property sales were 53, down -1.9% from 54 in June of 2015 and 51.4% higher than the 35 sales last month. June 2016 sales were at a mid level compared to June of 2015 and 2014. June YTD sales of 188 are running 213.3% ahead of last year's year-to-date sales of 60.
The Median Sales Price in June was $435,000, down -5.6% from $460,625 in June of 2015 and up 5.7% from $411,500 last month. The Average Sales Price in June was $496,818, down -7.1% from $534,986 in June of 2015 and up 4.8% from $474,091 last month. June 2016 ASP was at a mid range compared to June of 2015 and 2014.
The Total Inventory of Properties available for sale as of June was 280, up 6.1% from 264 last month and up 27.3% from 220 in June of last year. June 2016 Inventory was at highest level compared to June of 2015 and 2014.
The June 2016 Months Supply of Inventory of 5.3 months was at its highest level compared with June of 2015 and 2014. 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 51, down -12.1% from 58 days last month and down -1.9% from 52 days in June of last year. The June 2016 DOM was at a mid range compared with June of 2015 and 2014.
The Selling Price vs Listing Price is the average amount that Sellersare 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 2016 Selling Price vs List Price of 96.2% was down from 96.9% last month and up from 95.5% in June of last year.
The number of New Listings in June 2016 was 111, up 8.8% from 102 last month and up 30.6% from 85 in June of last year.
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