Craig Frazer

Farmington Inventory Summary CRS, CLHMS, GRI

RE/MAX Metro
801.699.6046
cfrazer@remax.net

Year to Date Data Through September, 2010

2010 Listing Activity

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Farmington Davis County
Counts % Counts %

et
New Listings 453 100% 5,627 100%
Sold/Closed 140 31% 1,582 28%

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Under Contract 30 7% 325 6%
Expired/No Sale 150 33% 1,859 33%
Still Active 132 29% 1,861 33%

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Current Listing Inventory by Price Range
A Month's Inventory level of approximately six monts is considered a "neutral" market. Less than six months is

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referred to as a Seller's market and more than six months is referred to as a Buyer's market. This data is also referred
to as the "Absorption Rate." It refers to the time needed to liquidate current inventory levels based on past sales
activity assuming no new listings were to come on the market.

Price Range
E/
Current Avg Days Sales Past Avg Days Months
Listings* on Market 12 Months on Market Inventory
R
Up to - $199,999 40 162 51 88 9

$200,000 - $299,999 58 129 105 77 7

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$300,000 - $399,999 32 143 49 110 8

$400,000 - $499,999 17 92 13 128 16

ze

Over $500,000 16 253 15 234 13

Totals
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163 148 233 99 8

* includes all current listings including those with original list dates in the prior calendar year
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Buyer Demand vs. Inventory Supply

Annual Comparison Through September
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Farmington Davis County

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YTD 2009 2010 % Chg 2009 2010 % Chg

New Listings 346 453 30.9% 5,502 5,627 2.3%
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Closed Sales 131 182 38.9% 2,535 2,307 -9.0%

Average Sale $309,457 $292,984 -5.3% $230,691 $228,498 -1.0%
Median Sale $275,000 $256,495 -6.7% $208,000 $203,000 -2.4%
Avg Days on Market 155 95 -38.7% 117 112 -4.3%
Septem ber Listings 37 54 45.9% 615 558 -9.3%
Septem ber Closed 24 21 -12.5% 335 229 -31.6%
Septem ber Avg Sale $299,120 $298,029 -0.4% $226,601 $229,468 1.3%
Septem ber Median Sale $264,000 $249,990 -5.3% $199,500 $200,000 0.3%

Data compiled from the Wasatch Front Regional Multiple Listing Service as of October 12, 2010