Lake Bluff’s February Property sales were 4, down -33.3% from 6 in February of 2010 and 33.3% higher than the 3 sales last month. February 2011 sales were at a mid level compared to February of 2010 and 2009. February YTD sales of 7 are running -30.0% behind last year's year-to-date sales of 10.

The Median Sales Price in February was $235,000, down -69.1% from $760,000 in February of 2010 and down -39.7% from $390,000 last month. The Average Sales Price in February was $266,250, down -65.0% from $760,417 in February of 2010 and down -28.4% from $371,667 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 105, down -9.5% from 116 last month and down -21.1% from 133 in February of last year. February 2011 Inventory was at the lowest level compared to February of 2010 and 2009.

The February 2011 MSI of 26.3 months was at a mid range 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 70, up 9.4% from 64 days last month and down -53.3% from 150 days in February of last year. The February 2011 DOM was at its lowest level 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 82.5% was down from 92.2% last month and down from 82.7% in February of last year.

The number of New Listings in February 2011 was 16, down - 30.4% from 23 last month and down -44.8% from 29 in February of last year.