Evanston’s August Property sales were 85, up 14.9% from 74 in August of 2010 and 3.7% higher than the 82 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 490 are running -13.9% behind last year's year-to-date sales of 569.

The Median Sales Price in August was $277,650, down -30.7% from $400,500 in August of 2010 and down -14.2% from $323,750 last month. The Average Sales Price in August was $342,875, down -23.0% from $445,460 in August of 2010 and down -12.1% from $389,970 last month. August 2011 ASP was at the lowest level compared to August of 2010 and 2009.

The Total Inventory of Properties available for sale as of August was 620, down -9.4% from 684 last month and down -16.8% from 745 in August of last year. August 2011 Inventory was at the lowest level compared to August of 2010 and 2009.

The August 2011 Months Supply f Inventory of 7.3 months was a its lowest level compared with August 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 August was 94, up 6.8% from 88 days last month and up 10.6% from 85 days in August of last year. The August 2011 DOM was at a mid range compared with August 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 August 2011 Selling Price vs Original List Price of 88.5% was down from 89.4% last month and down from 88.8% in August of last year.

The number of New Listings in August 2011 was 109, down - 29.2% from 154 last month and down -28.8% from 153 in August of last year.