Highland Park’s March Property sales were 21, down -30.0% from 30 in March of 2010 and 75.0% higher than the 12 sales last month. March 2011 sales were at a mid level compared to March of 2010 and 2009. March YTD sales of 48 are running -25.0% behind last year's year-to-date sales of 64.

The Median Sales Price in March was $412,000, down -3.3% from $426,250 in March of 2010 and up 16.9% from $352,500 last month. The Average Sales Price in March was $477,757, down -12.1% from $543,492 in March of 2010 and up 3.1% from $463,333 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 372, equal to 372 last month and down -13.9% from 432 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 17.7 months was at a mid range 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 108, up 28.6% from 84 days last month and down -27.5% from 149 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 87.4% was down from 88.3% last month and up from 83.7% in March of last year.

The number of New Listings in March 2011 was 88, up 37.5% from 64 last month and down -3.3% from 91 in March of last year.