Northbrook’s October Property sales were 31, down -26.2% from 42 in October of 2010 and -22.5% lower than the 40 sales last month. October 2011 sales were at their lowest level compared to October of 2010 and 2009. October YTD sales of 418 are running 4.0% ahead of last year's year-to-date sales of 402.

The Median Sales Price in October was $255,000, down -30.1% from $365,000 in October of 2010 and down -29.5% from $361,500 last month. The Average Sales Price in October was $331,578, down -23.1% from $431,357 in October of 2010 and down -16.8% from $398,505 last month. October 2011 ASP was at the lowest level compared to October of 2010 and 2009.

The Total Inventory of Properties available for sale as of October was 343, down -3.9% from 357 last month and down -29.4% from 486 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 11.1 months was at its lowest level 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 112, up 62.3% from 69 days last month and up 16.7% from 96 days in October of last year. The October 2011 DOM was at its highest 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 86.2% was down from 89.0% last month and down from 86.5% in October of last year.

The number of New Listings in October 2011 was 61, down - 20.8% from 77 last month and down -21.8% from 78 in October of last year.