Northbrook’s August Property sales were 69, up 115.6% from 32 in August of 2010 and 23.2% higher than the 56 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 345 are running 3.6% ahead of last year's year-to-date sales of 333.

The Median Sales Price in August was $330,000, up 15.3% from $286,250 in August of 2010 and down -12.9% from $378,750 last month. The Average Sales Price in August was $418,744, up 4.0% from $402,586 in August of 2010 and down -4.1% from $436,604 last month. August 2011 ASP was at a mid range compared to August of 2010 and 2009.

The Total Inventory of Properties available for sale as of August was 362, down -7.2% from 390 last month and down -32.0% from 532 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 5.2 months was at 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 87, down -1.1% from 88 days last month and down -23.0% from 113 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 87.4% was down from 87.5% last month and up from 85.1% in August of last year.

The number of New Listings in August 2011 was 84, up 23.5% from 68 last month and down -9.7% from 93 in August of last year.