Wilmette’s August Property sales were 50, up 22.0% from 41 in August of 2010 and 28.2% higher than the 39 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 250 are running -2.7% behind last year's year-to-date sales of 257.

The Median Sales Price in August was $560,438, down -10.8% from $628,000 in August of 2010 and down -19.9% from $700,000 last month. The Average Sales Price in August was $611,868, down -22.7% from $791,800 in August of 2010 and down -16.8% from $735,820 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 216, down -6.9% from 232 last month and down -17.9% from 263 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 4.3 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 95, up 97.9% from 48 days last month and up 6.7% from 89 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 89.2% was down from 91.9% last month and down from 91.5% in August of last year.

The number of New Listings in August 2011 was 42, down - 23.6% from 55 last month and down -12.5% from 48 in August of last year.