Glencoe’s May Property sales were 12, down -14.3% from 14 in May of 2010 and -14.3% lower than the 14 sales last month. May 2011 sales were at a mid level compared to May of 2010 and 2009. May YTD sales of 60 are running 36.4% ahead of last year's year-to-date sales of 44.

The Median Sales Price in May was $950,000, up 35.7% from $700,000 in May of 2010 and up 22.6% from $775,000 last month. The Average Sales Price in May was $1,328,833, up 39.7% from $950,967 in May of 2010 and up 24.0% from $1,071,804 last month. May 2011 ASP was at highest level compared to May of 2010 and 2009.

The Total Inventory of Properties available for sale as of May was 123, up 7.9% from 114 last month and down -14.6% from 144 in May of last year. May 2011 Inventory was at the lowest level compared to May of 2010 and 2009.

The May 2011 Months Supply of Inventory of 10.3 months was at its lowest level compared with May 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 May was 174, up 55.4% from 112 days last month and up 32.8% from 131 days in May of last year. The May 2011 DOM was at a mid range compared with May 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 May 2011 Selling Price vs Original List Price of 85.9% was up from 84.1% last month and up from 84.4% in May of last year.

The number of New Listings in May 2011 was 33, down - 13.2% from 38 last month and up 120.0% from 15 in May of last year.