Glencoe’s September Property sales were 5, down -16.7% from 6 in September of 2010 and -64.3% lower than the 14 sales last month. September 2011 sales were at their lowest level compared to September of 2010 and 2009. September YTD sales of 104 are running 31.6% ahead of last year's year-to-date sales of 79.

The Median Sales Price in September was $909,000, down -7.0% from $977,500 in September of 2010 and down -1.2% from $920,000 last month. The Average Sales Price in September was $1,283,700, up 31.1% from $979,000 in September of 2010 and up 20.1% from $1,068,786 last month. September 2011 ASP was at highest level compared to September of 2010 and 2009.

The Total Inventory of Properties available for sale as of September was 106, down -15.9% from 126 last month and down -20.3% from 133 in September of last year. September 2011 Inventory was at the lowest level compared to September of 2010 and 2009.

The September 2011 Months Supply of Inventory of 21.2 months was at a mid range compared with September 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 September was 73, down -27.7% from 101 days last month and down -47.1% from 138 days in September of last year. The September 2011 DOM was at its lowest level compared with September 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 September 2011 Selling Price vs Original List Price of 86.7% was up from 85.7% last month and up from 80.3% in September of last year.

The number of New Listings in September 2011 was 16, down -27.3% from 22 last month and down -30.4% from 23 in September of last year.