Total Market Overview

GREATER SPRINGFIELD BOARD OF REALTORS

Monday, January 10, 2010
Market
Currently Currently Pending In the Last 6 Months
Months of
Avg. Currently In
Price Range Active Pending Ratio Expired Sold Inventory LP/SP DOM Favor of:
$80,000 - $89,999 263 41 13.5% 141 154 10.25 95.72% 73 Buyer
$90,000 - $99,999 284 32 10.1% 138 163 10.45 96.39% 80 Buyer
$100,000 - $119,999 474 59 11.1% 256 323 8.80 96.10% 83 Buyer
$120,000 - $139,999 468 42 8.2% 254 262 10.72 97.36% 88 Buyer
$140,000 - $159,999 343 36 9.5% 168 176 11.69 97.07% 104 Buyer
$160,000 - $179,999 253 12 4.5% 147 137 11.08 96.72% 89 Buyer
$180,000 - $199,999 221 20 8.3% 124 108 12.28 96.59% 104 Buyer
$200,000 - $249,999 304 23 7.0% 180 156 11.69 95.76% 96 Buyer
$250,000 - $299,999 227 13 5.4% 144 81 16.81 95.72% 115 Buyer
$300,000 - $349,999 118 7 5.6% 68 52 13.62 95.67% 136 Buyer
$350,000 - $399,999 121 3 2.4% 61 31 23.42 95.36% 118 Buyer
$400,000 - $449,999 52 4 7.1% 27 18 17.33 97.50% 113 Buyer
$450,000 - $499,999 38 6 13.6% 24 7 32.57 95.70% 101 Buyer
$500,000 and up 134 10 6.9% 84 23 34.96 93.11% 129 Buyer
Total 3300 308 9% 1816 1691 11.71 96.06% 102 Buyer

Active - Number of homes currently on the market. For sellers it is the competition and for buyers it is number homes of available.

Pending - The number of homes which are currently under contract and scheduled to close.

Pending Ratio - This number is valuable to both buyers and sellers. Between 22%-24% indicates a balanced market. When the
number falls below 22% it is considered a "buyers market" and when it rises above 24% it is a "sellers market".

Expired - The homes which were rejected by buyers within the past six months due to price, location, or condition of property.

Sold - The number of closed transactions during the past six months. Month's supply of inventory is based upon rate of sale.

List price / sales price - This number indicates what percentage of asking price the seller's received.

DOM - Average number of days a home is on the market before a contract is accepted.