Glencoe November Property sales were 11, up 37.5% from 8 in November of 2009 and 10.0% higher than the 10 sales last month. November 2010 sales were at their highest level compared to November of 2009 and 2008. November YTD sales of 93 are running -1.1% behind last year's year-to-date sales of 94.

The Median Sales Price in November was $650,000, up 11.2% from $584,736 in November of 2009 and down -18.4% from $797,000 last month. The Average Sales Price in November was $1,035,005, up 37.5% from $752,934 in November of 2009 and up 23.6% from $837,650

last month. November 2010 ASP was at highest level compared to November of 2009 and 2008. The Total Inventory of Properties available for sale as of November was 113, down -13.7% from 131 last month and down -5.0% from 119 in November of last year. November 2010 Inventory was at the lowest level compared to November of 2009 and 2008.

The November 2010 Months Supply of Inventory of 10.3 months was at its lowest level compared with November 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

November was 118, up 16.8% from 101 days last month and down -22.4% from 152 days in November of last year. The November 2010 DOM was at its lowest level compared with November 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

November 2010 Selling Price vs Original List Price of 82.2% was down from 86.4% last month and down from 85.9% in November of last year.

The number of New Listings in November 2010 was 18, down -10.0% from 20 last month and up 20.0% from 15 in November of last year.