Lake Forest’s May Property sales were 32, up 52.4% from 21 in May of 2010 and 77.8% higher than the 18 sales last month. May 2011 sales were at their highest level compared to May of 2010 and 2009. May YTD sales of 85 are running -12.4% behind last year's year-to-date sales of 97.

The Median Sales Price in May was $730,750, up 23.9% from $590,000 in May of 2010 and down -13.3% from $843,013 last month. The Average Sales Price in May was $1,171,594, up 65.1% from $709,709 in May of 2010 and up 4.8% from $1,117,890 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 390, up 10.2% from 354 last month and down -6.7% from 418 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 12.2 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 167, up 15.2% from 145 days last month and up 28.5% from 130 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 83.6% was down from 84.5% last month and down from 83.8% in May of last year.

The number of New Listings in May 2011 was 85, up 30.8% from 65 last month and up 25.0% from 68 in May of last year.