Lake Bluff’s May Property sales were 15, up 87.5% from 8 in May of 2010 and 25.0% higher than the 12 sales last month. May 2011 sales were at their highest level compared to May of 2010 and 2009. May YTD sales of 39 are running -2.5% behind last year's year-to-date sales of 40.

The Median Sales Price in May was $365,000, down -44.1% from $652,500 in May of 2010 and down -11.4% from $411,750 last month. The Average Sales Price in May was $438,222, down -35.0% from $674,500 in May of 2010 and down -8.7% from $480,042 last month. May 2011 ASP was at the lowest level compared to May of 2010 and 2009.

The Total Inventory of Properties available for sale as of May was 124, up 6.0% from 117 last month and down -19.5% from 154 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 8.3 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 159, up 218.0% from 50 days last month and up 3.9% from 153 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 86.1% was down from 88.1% last month and up from 85.4% in May of last year.

The number of New Listings in May 2011 was 29, up 7.4% from 27 last month and down -6.5% from 31 in May of last year.