Lake Bluff’s August Property sales were 11, down -15.4% from 13 in August of 2010 and 57.1% higher than the 7 sales last month. August 2011 sales were at their lowest level compared to August of 2010 and 2009. August YTD sales of 81 are running equal to last year's year-to-date sales of 81.

The Median Sales Price in August was $450,000, up 19.2% from $377,500 in August of 2010 and down -48.6% from $875,000 last month. The Average Sales Price in August was $600,545, up 45.9% from $411,670 in August of 2010 and down -29.2% from $848,071 last month. August 2011 ASP was at highest level compared to August of 2010 and 2009.

The Total Inventory of Properties available for sale as of August was 119, down -3.3% from 123 last month and down -14.4% from 139 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 of Inventory of 10.8 months was at a mid range 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 36, down -79.9% from 179 days last month and down -43.8% from 64 days in August of last year. The August 2011 DOM was at its lowest level 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 91.6% was up from 82.2% last month and down from 93.3% in August of last year.

The number of New Listings in August 2011 was 22, up 22.2% from 18 last month and up 4.8% from 21 in August of last year.