Northbrook’s July Property sales were 56, up 30.2% from 43 in July of 2010 and -11.1% lower than the 63 sales last month. July 2011 sales were at their highest level compared to July of 2010 and 2009. July YTD sales of 276 are running -8.3% behind last year's year-to-date sales of 301.

The Median Sales Price in July was $378,750, down -10.9% from $425,000 in July of 2010 and up 5.2% from $360,000 last month. The Average Sales Price in July was $436,604, up 1.5% from $430,085 in July of 2010 and up 5.9% from $412,300 last month. July 2011 ASP was at a mid range compared to July of 2010 and 2009.

The Total Inventory of Properties available for sale as of July was 377, down -8.0% from 410 last month and down -30.6% from 543 in July of last year. July 2011 Inventory was at the lowest level compared to July of 2010 and 2009.

The July 2011 Months Supply of Inventory of 6.7 months was at its lowest level compared with July 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 July was 88, down -16.2% from 105 days last month and down -16.2% from 105 days in July of last year. The July 2011 DOM was at its lowest level compared with July 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 July 2011 Selling Price vs Original List Price of 87.5% was up from 86.2% last month and up from 85.5% in July of last year.

The number of New Listings in July 2011 was 68, down - 36.4% from 107 last month and down -35.2% from 105 in July of last year.