Northbrook’s May Property sales were 36, down -25.0% from 48 in May of 2010 and -7.7% lower than the 39 sales last month. May 2011 sales were at their lowest level compared to May of 2010 and 2009. May YTD sales of 156 are running -14.3% behind last year's year-to-date sales of 182.

The Median Sales Price in May was $363,295, up 0.0% from $363,250 in May of 2010 and up 21.7% from $298,500 last month. The Average Sales Price in May was $402,666, up 2.4% from $393,123 in May of 2010 and up 16.1% from $346,929 last month. May 2011 ASP was at a mid range compared to May of 2010 and 2009.

The Total Inventory of Properties available for sale as of May was 413, equal to 413 last month and down -14.8% from 485 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 11.5 months was at a mid range 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 82, down -40.6% from 138 days last month and down -31.7% from 120 days in May of last year. The May 2011 DOM was at its lowest level 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 89.1% was up from 85.3% last month and up from 86.9% in May of last year.

The number of New Listings in May 2011 was 107, up 3.9% from 103 last month and equal to 107 in May of last year.