Highland Park’s December Property sales were 19, down -29.6% from 27 in December of 2009 and -24.0% lower than the 25 sales last month. December 201 sales were at their lowest level compared to December of 2009 and 2008. December YTD sales of 338 are running 38.5% ahead of last year's year-to-date sales of 244.

The Median Sales Price in December was $370,000, down -12.9% from $425,000 in December of 2009 and down -5.1% from $390,000 last month. The Average Sales Price in December was $426,079, down -31.9% from $625,217 in December of 2009 and down -10.0% from $473,190 last month. December 2010 ASP was at the lowest level compared to December of 2009 and 2008.

The Total Inventory of Properties available for sale as of December was 344, down -7.5% from 372 last month and down -19.4% from 427 in December of last year. December 2010 Inventory was at the lowest level compared to December of 2009 and 2008.

The December 2010 Months Supply of Inventory of 18.1 months was at a mid range compared with December 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 December was 132, up 21.1% from 109 days last month and up 3.9% from 127 days in December of last year. The December 2010 DOM was at a mid range compared with December 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 December 2010 Selling Price vs Original List Price of 82.9% was down from 84.1% last month and up from 82.2% in December of last year.

The number of New Listings in December 2010 was 34, down -2.9% from 35 last month and up 17.2% from 29 in December of last year.