Glencoe’s June Property sales were 15, up 66.7% from 9 in June of 2010 and 25.0% higher than the 12 sales last month. June 2011 sales were at their highest level compared to June of 2010 and 2009. June YTD sales of 75 are running 41.5% ahead of last year's year-to-date sales of 53.

The Median Sales Price in June was $1,295,000, up 43.9% from $900,000 in June of 2010 and up 36.3% from $950,000 last month. The Average Sales Price in June was $1,194,607, up 36.0% from $878,248 in June of 2010 and down -10.1% from $1,328,833 last month. June 2011 ASP was at a mid range compared to June of 2010 and 2009.

The Total Inventory of Properties available for sale as of June was 117, down -7.1% from 126 last month and down -20.9% from 148 in June of last year. June 2011 Inventory was at the lowest level compared to June of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The June 2011 Months Supply of Inventory of 7.8 months was at its lowest level compared with June 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 June was 145, down -16.7% from 174 days last month and down -3.3% from 150 days in June of last year. The June 2011 DOM was at a mid range compared with June 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 June 2011 Selling Price vs Original List Price of 81.8% was down from 85.9% last month and down from 85.0% in June of last year.

The number of New Listings in June 2011 was 18, down - 45.5% from 33 last month and down -50.0% from 36 in June of last year.