Lake Forest's December Property sales were 18, down -41.9% from 31 in December of 2010 and -10.0% lower than the 20 sales last month. December 2011 sales were at their lowest level compared to December of 2010 and 2009. December YTD sales of 254 are running -9.0% behind last year's year-to-date sales of 279.

The Median Sales Price in December was $729,750, up 53.7% from $474,900 in December of 2010 and up 17.7% from $620,000 last month. The Average Sales Price in December was $963,889, up 11.9% from $861,198 in December of 2010 and down -20.2% from $1,208,050 last month. December 2011 ASP was at highest level compared to December of 2010 and 2009.

The Total Inventory of Properties available for sale as of December was 270, down -14.0% from 314 last month and down -17.4% from 327 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 15.0 months was at a mid range 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 185, down -2.6% from 190 days last month and up 5.7% from 175 days in December of last year. The December 2011 DOM was at its highest 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 76.9% was down from 82.1% last month and down from 85.1% in December of last year.

 The number of New Listings in December 2011 was 15, down -37.5% from 24 last month and down -54.5% from 33 in December of last year.