Lake Bluff's December Property sales were 11, up 175.0% from 4 in December of 2010 and -8.3% lower than the 12 sales last month. December 2011 sales were at their highest level compared to December of 2010 and 2009. December YTD sales of 124 are running 21.6% ahead of last year's year-to-date sales of 102.

The Median Sales Price in December was $260,000, down -34.2% from $395,000 in December of 2010 and down -18.8% from $320,250 last month. The Average Sales Price in December was $342,955, down -17.0% from $413,250 in December of 2010 and down -29.3% from $485,033 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.

The Total Inventory of Properties available for sale as of December was 104, down -11.9% from 118 last month and down -1.9% from 106 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.

The December 2011 Months supply of Inventory of  9.5 months was at its lowest level compared with December 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 December was 113, down -21.5% from 144 days last month and down -1.7% from 115 days in December of last year. The December 2011 DOM was at its lowest level compared with December 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 December 2011 Selling Price vs Original List Price of 83.5% was down from 86.6% last month and up from 79.8% in December of last year.

The number of New Listings in December 2011 was 12, down -33.3% from 18 last month and up 9.1% from 11 in December of last year.