Lake Bluff’s December Property sales were 4, down -42.9% from 7 in December of 2009 and 33.3% higher than the 3 sales last month. December 2010 sales were at a mid level compared to December of 2009 and 2008. December YTD sales of 93 are running 3.3% ahead of last year's year-to-date sales of 90.

The Median Sales Price in December was $395,000, down -45.6% from $726,000 in December of 2009 and up 21.5% from $325,000 last month. The Average Sales Price in December was $413,250, down -48.6% from $804,601 in December of 2009 and up 21.0% from $341,667 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 103, down -11.2% from 116 last month and down -24.3% from 136 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 25.8 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 115, up 360.0% from 25 days last month and down -3.4% from 119 days in December of last year. The December 2010 DOM was at its lowest level 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 79.8% was down from 105.8% last month and down from 82.0% in December of last year.

The number of New Listings in December 2010 was 12, down

-7.7% from 13 last month and down -14.3% from 14 in December of last year.