Northbrook’s June Property sales were 62, down -18.4% from 76 in June of 2010 and 72.2% higher than the 36 sales last month. June 2011 sales were at a mid level compared to June of 2010 and 2009. June YTD sales of 218 are running -15.5% behind last year's year-to-date sales of 258.

The Median Sales Price in June was $352,500, down -4.1% from $367,500 in June of 2010 and down -3.0% from $363,295 last month. The Average Sales Price in June was $413,144, down -0.9% from $416,774 in June of 2010 and up 2.6% from $402,641 last month. June 2011 ASP was at the lowest level compared to June of 2010 and 2009.

The Total Inventory of Properties available for sale as of June was 399, down -5.9% from 424 last month and down -23.9% from 524 in June of last year. June 2011 Inventory was at the lowest level compared to June of 2010 and 2009.

The June 2011 Months Supply of Inventory of 6.4 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 107, up 30.5% from 82 days last month and down -14.4% from 125 days in June of last year.
The June 2011 DOM was at its lowest level 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 86.1% was down from 89.1% last month and down from 86.4% in June of last year.

The number of New Listings in June 2011 was 107, equal to 107 last month and down -14.4% from 125 in June of last year.