Lake Bluff’s October Property sales were 8, down -11.1% from 9 in October of 2010 and -20.0% lower than the 10 sales last month. October 2011 sales were at their lowest level compared to October of 2010 and 2009. October YTD sales of 101 are running 6.3% ahead of last year's year-to-date sales of 95.

The Median Sales Price in October was $335,000, down -44.9% from $607,500 in October of 2010 and down -23.6% from $438,250 last month. The Average Sales Price in October was $319,863, down -51.7% from $661,944 in October of 2010 and down -13.3% from $369,050 last month. October 2011 ASP was at a mid range compared to October of 2010 and 2009.

The Total Inventory of Properties available for sale as of October was 117, down -14.0% from 136 last month and down -8.6% from 128 in October of last year. October 2011 Inventory was at the lowest level compared to October of 2010 and 2009.

The October 2011 Months Supply of Inventory of 14.6 months was at a mid range compared with October 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 October was 107, down -32.3% from 158 days last month and down -52.0% from 223 days in October of last year. The October 2011 DOM was at its lowest level compared with October 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 October 2011 Selling Price vs Original List Price of 84.6% was up from 84.1% last month and up from 82.7% in October of last year.

The number of New Listings in October 2011 was 17, down - 51.4% from 35 last month and down -29.2% from 24 in October of last year.