Highland Park November Property sales were 25, up 13.6% from 22 in November of 2009 and equal to 0.0% 25 sales last month. November 2010 sales were at their highest level compared to November of 2009 and 2008. November YTD sales of 319 are running 47.0% ahead of last year's year-to-date sales of 217.

The Median Sales Price in November was $390,000, up 1.3% from $385,000 in November of 2009 and up 20.0% from $325,000 last month. The Average Sales Price in November was $473,190, up 30.8% from $361,886 in November of 2009 and up 12.8% from $419,480 last month. November 2010 ASP was at a mid range compared to November of 2009 and 2008.

The Total Inventory of Properties available for sale as of November was 352, down -11.8% from 399 last month and down -24.5% from 466 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 14.1 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 109, down -18.7% from 134 days last month and down -45.8% from 201 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 84.1% was up from 80.5% last month and up from 82.1% in November of last year.

The number of New Listings in November 2010 was 35, down -34.0% from 53 last month and down -30.0% from 50 in November of last year.