Highland Park’s February Property sales were 12, down -7.7% from 13 in February of 2010 and -20.0% lower than the 15 sales last month. February 2011 sales were at a mid level compared to February of 2010 and 2009. February YTD sales of 27 are running -20.6% behind last year's year-to-date sales of 34.

The Median Sales Price in February was $352,500, up 14.6% from $307,500 in February of 2010 and down -8.4% from $385,000 last month. The Average Sales Price in February was $463,333, down -14.0% from $538,462 in February of 2010 and up 18.1% from $392,177 last month. February 2011 ASP was at the lowest level compared to February of 2010 and 2009.

The Total Inventory of Properties available for sale as of February was 367, equal to 367 last month and down -14.1% from 427 in February of last year. February 2011 Inventory was at the lowest level compared to February of 2010 and 2009.

The February 2011 Months Supply of Inventory of 30.6 months was at its lowest level compared with February of 2010 and 2009. 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 February was 84, down -53.6% from 181 days last month and down -14.3% from 98 days in February of last year. The February 2011 DOM was at a mid range compared with February of 2010 and 2009.

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 February 2011 Selling Price vs Original List Price of 88.3% was up from 81.5% last month and down from 88.6% in February of last year.

The number of New Listings in February 2011 was 64, down - 14.7% from 75 last month and down -20.0% from 80 in February of last year.