The Median Sales Price in December was $527,318, down -17.3% from $637,500 in December of 2009 and up 0.1% from $527,000 last month. The Average Sales Price in December was $876,071, up 2.2% from $857,166 in December of 2009 and up 7.5% from $814,999 last month. December 2010 ASP was at a mid range compared to December of 2009 and 2008.

The Total Inventory of Properties available for sale as of December was 307, down -7.8% from 333 last month and down -15.7% from 364 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 10.2 months was at its lowest level 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 177, up 3.5% from 171 days last month and up 56.6% from 113 days in December of last year. The December 2010 DOM was at its highest 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 85.1% was up from 83.1% last month and up from 82.6% in December of last year.

The number of New Listings in December 2010 was 34, up 41.7% from 24 last month and up 126.7% from 15 in December of last year.