Northbrook’s March Property sales were 29, down -25.6% from 39 in March of 2010 and 20.8% higher than the 24 sales last month. March 2011 sales were at a mid level compared to March of 2010 and 2009. March YTD sales of 80 are running -14.9% behind last year's year-to-date sales of 94.

The Median Sales Price in March was $325,000, up 35.4% from $240,000 in March of 2010 and up 20.1% from $270,500 last month. The Average Sales Price in March was $461,267, up 33.4% from $345,765 in March of 2010 and up 24.8% from $369,736 last month. March 2011 ASP was at a mid range compared to March of 2010 and 2009.

The Total Inventory of Properties available for sale as of March was 378, down -2.6% from 388 last month and down -18.0% from 461 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 13.0 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 153, up 34.2% from 114 days last month and up 22.4% from 125 days in March of last year. The March 2011 DOM was at its highest 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 84.3% was down from 89.2% last month and up from 83.3% in March of last year.

The number of New Listings in March 2011 was 104, up 42.5% from 73 last month and down -18.8% from 128 in March of last year.