October Property sales were 20, up 5.3% from 19 in October of 2009 and 5.3% higher than the 19 sales last month. October 2010 sales were at a mid level compared to October of 2009 and 2008. October YTD sales of 296 are running 42.3% ahead of last year's year-to-date sales of 208.

The Median Sales Price in October was $541,750, down 3.2% from $559,500 in October of 2009 and up 11.7% from $485,000 last month. The Average Sales Price in October was $606,575, down 10.4% from $676,895 in October of 2009 and down 12.3% from $691,455 last month. October 2010 ASP was at the lowest level compared to October of 2009 and 2008.

The Total Inventory of Properties available for sale as of October was 240, down 4.0% from 250 last month and down 10.8% from 269 in October of last year. October 2010 Inventory was at its lowest level compared with October of 2009 and 2008. The October 2010 Months Supply of Inventory of 12.0 months was at its lowest level compared with October of 2009 and 2008. 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 79, down 41.5% from 135 days last month and down 23.3% from 103 days in October of last year. The October 2010 DOM was at its lowest level compared with October of 2009 and 2008.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2010 Selling Price vs Original List Price of 87.4% was down from 87.7% last month and up from 87.2% in October of last year.

The number of New Listings in October 2010 was 58, up 26.1% from 46 last month and up 45.0% from 40 in October of last year.