Highland Park's December Property sales were 21, up 5.0% from 20 in December of 2010 and equal to 0.0% 21 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December YTD sales of 344 are running -3.4% behind last year's year-to-date sales of 356.
The Median Sales Price in December was $270,000, down -29.5% from $383,000 in December of 2010 and down -31.3% from $393,000 last month. The Average Sales Price in December was $713,629, up 62.5% from $439,275 in December of 2010 and up 16.8% from $610,829 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 297, down -10.5% from 332 last month and down -18.2% from 363 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 14.1 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 151, up 30.2% from 116 days last month and up 18.0% from 128 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 83.0% was down from 85.6% last month and down from 83.8% in December of last year.
The number of New Listings in December 2011 was 19, down-50.0% from 38 last month and down -44.1% from 34 in December of last year.
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