Glencoe’s March Property sales were 17, up 142.9% from 7 in March of 2010 and 183.3% higher than the 6 sales last month. March 2011 sales were at their highest level compared to March of 2010 and 2009. March YTD sales of 34 are running 54.5% ahead of last year's year-to-date sales of 22.

The Median Sales Price in March was $710,000, down -39.6% from $1,175,000 in March of 2010 and down -22.5% from $916,000 last month. The Average Sales Price in March was $753,912, down -35.2% from $1,162,929 in March of 2010 and down -31.9% from $1,107,000 last month. March 2011 ASP was at the lowest level compared to March of 2010 and 2009.

The Total Inventory of Properties available for sale as of March was 103, equal to 103 last month and down -20.2% from 129 in March of last year. March 2011 Inventory was at the lowest level compared to March of 2010 and 2009.

The March 2011 Months Supply of Inventory of 6.1 months was at its lowest level compared with March 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 March was 172, up 19.4% from 144 days last month and down -7.0% from 185 days in March of last year. The March 2011 DOM was at its lowest level compared with March 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 March 2011 Selling Price vs Original List Price of 86.8% was up from 86.3% last month and up from 80.4% in March of last year.

The number of New Listings in March 2011 was 20, down - 13.0% from 23 last month and down -37.5% from 32 in March of last year.