By Art Wilson, Realtor
Deerfield’s September Property sales were 29, down -19.4% from 36 in September of 2016 and -29.3% lower than the 41 sales last month. September 2017 sales were at their lowest level compared to September of 2016 and 2015. September YTD sales of 314 are running -8.5% behind last year's year-to-date sales of 343.
The Median Sales Price in September was $350,000, down -21.8% from $447,500 in September of 2016 and down -29.7% from $498,000 last month. The Average Sales Price in September was $421,250, down -3.5% from $436,696 in September of 2016 and down -33.0% from $628,413 last month. September 2017 ASP was at the lowest level compared to September of 2016 and 2015.
The Total Inventory of Properties available for sale as of September was 262, down -10.6% from 293 last month and down -0.4% from 263 in September of last year. September 2017 Inventory was at a mid range compared to September of 2016 and 2015.
The September 2017 Month’s Supply of Inventory of 9.0 months was at its highest level compared with September of 2016 and 2015. 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 September was 52, equal to 52 days last month and down -3.7% from 54 days in September of last year. The September 2017 DOM was at a mid range compared with September of 2016 and 2015.
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 September 2017 Selling Price vs List Price of 92.6% was equal to 92.6% last month and equal to 92.6% in September of last year.
The number of New Listings in September 2017 was 54, down -22.9% from 70 last month and down -3.6% from 56 in September of last year.
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