Highland Park’s September Property sales were 33, up 37.5% from 24 in September of 2010 and -23.3% lower than the 43 sales last month. September 2011 sales were at their highest level compared to September of 2010 and 2009. September YTD sales of 266 are running -6.7% behind last year's year-to-date sales of 285.

The Median Sales Price in September was $440,000, down -18.1% from $537,500 in September of 2010 and down -2.2% from $450,000 last month. The Average Sales Price in September was $444,569, down -38.3% from $720,615 in September of 2010 and down -11.1% from $499,817 last month. September 2011 ASP was at the lowest level compared to September of 2010 and 2009.

The Total Inventory of Properties available for sale as of September was 364, down -1.9% from 371 last month and down -16.5% from 436 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 11.0 months was at its lowest level 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 118, down -3.3% from 122 days last month and up 10.3% from 107 days in September of last year. The September 2011 DOM was at its highest 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 83.2% was down from 87.5% last month and down from 85.5% in September of last year.

The number of New Listings in September 2011 was 62, down -10.1% from 69 last month and up 5.1% from 59 in September of last year.