Lake Forest’s November Property sales were 15, down -11.8% from 17 in November of 2009 and -16.7% lower than the 18 sales last month. November 2010 sales were at a mid level compared to November of 2009 and 2008. November YTD sales of 231 are running 40.0% ahead of last year's year-to-date sales of 165.

The Median Sales Price in November was $527,000, down -15.0% from $620,000 in November of 2009 and down -26.6% from $717,500 last

month. The Average Sales Price in November was $814,999, down -10.6% from $911,176 in November of 2009 and down -9.9% from $904,472 last month. November 2010 ASP was at the lowest level compared to November of 2009 and 2008.

The Total Inventory of Properties available for sale as of November was 328, down -13.0% from 377 last month and down -17.4% from 397 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 21.9 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 171, up 56.9% from 109 days last month and up 47.4% from 116 days in November of last year. The November 2010 DOM was at its highest 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 83.1% was down from 83.5% last month and down from 85.8% in November of last year.

The number of New Listings in November 2010 was 24, down -35.1% from 37 last month and down -22.6% from 31 in November of last year.