Lake Forest’s July Property sales were 40, up 48.1% from 27 in July of 2010 and 100.0% higher than the 20 sales last month. July 2011 sales were at their highest level compared to July of 2010 and 2009. July YTD sales of 145 are running -12.1% behind last year's year-to-date sales of 165.

The Median Sales Price in July was $909,000, up 12.2% from $810,000 in July of 2010 and up 10.0% from $826,000 last month. The Average Sales Price in July was $1,158,340, up 23.0% from $942,056 in July of 2010 and up 3.9% from $1,115,100 last month. July 2011 ASP was at highest level compared to July of 2010 and 2009.

The Total Inventory of Properties available for sale as of July was 384, down -2.3% from 393 last month and down -9.2% from 423 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 9.6 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 115, down -5.0% from 121 days last month and down -16.1% from 137 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 85.3% was up from 85.1% last month and up from 83.8% in July of last year.

The number of New Listings in July 2011 was 58, down - 3.3% from 60 last month and down -15.9% from 69 in July of last year.