MARKET ACTION REPORT March 2010

Fowler Home Connection

County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection.com
fowlerhomeconnection@cbmoves.com
Price Range: All | Properties: Single Family
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $599,900 -3% -8%
Average List Price of all Current Listings $1,088,761 -3% -3%
March Median Sales Price $411,000 3% -3% 7% -5% $420,000 12% -2%
March Average Sales Price $605,600 2% -3% -0% -2% $629,419 11% 1%
Total Properties Currently for Sale (Inventory) 5,311 7% -7%
March Number of Properties Sold 404 36% 31% 1,040 42%
March Average Days on Market (Solds) 121 2% 7% -2% 9% 116 0% 5%
Asking Price per Square Foot (based on New Listings) $290 12% 16% 5% 10% $256 -8% -3%
March Sold Price per Square Foot $230 -0% -3% 1% -4% $233 4% -2%
March Month's Supply of Inventory 13.1 -21% -9% -29% -11% 14.5 -34% -2%
March Sale Price vs List Price Ratio 90.7% 1.1% 2.9% 4.9% 3.8% 88.0% 4.2% .7%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

1,000
Property Sales 900
924

March Property sales were 404, up 30.7% from 309 800

833
821

in March of 2009 and 36.0% higher than the 297 700

700

sales last month. March 2010 sales were at their 600

633
625
620

609

579
500

548
highest level compared to March of 2009 and 2008.

546

509
508
480
471

471
469

March YTD sales of 1,040 are running 41.9% ahead 400

431

423
411

404
400

390
387

380
379

364

300

339
of last year's year-to-date sales of 733.

309

297
294
282
272
264

200

220
204
100
0
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 1,000
The Median Sales Price in March was $411,000, up 900
6.8% from $385,000 in March of 2009 and up
800
2.8% from $400,000 last month. The Average Sales
Price in March was $605,600, down -0.4% from 700
$607,806 in March of 2009 and up 2.1% from 600
$593,136 last month. March 2010 ASP was at the 500
lowest level compared to March of 2009 and 2008. 400
300
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
8,000 25
The Total Inventory of Properties available for sale as of
March was 5,311, up 7.3% from 4,948 last month and 7,000
7,039
7,014
6,860

20
6,769
6,727

6,647
6,609

6,536

6,538

down -6.7% from 5,690 in March of last year. March

6,508

6,000
6,435

6,381
6,330
6,169
6,154

6,137
6,024

6,007
5,845

5,841
5,805
5,735

2010 Inventory was at its lowest level compared with

5,690

5,582

5,000
5,406
5,377

5,311

15
5,188
4,971

March of 2009 and 2008.

4,943

4,948
4,838
4,735

4,629
4,591

4,000
4,182

3,000 10
A comparatively lower MSI is more beneficial for sellers 2,000
while a higher MSI is better for buyers. The March 2010 5
1,000
MSI of 13.1 months was at its lowest level compared with
March of 2009 and 2008. 0 0
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT March 2010
Fowler Home Connection
County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection.com
fowlerhomeconnection@cbmoves.com
Price Range: All | Properties: Single Family

Days On Market for Sold Properties

Market Time 150
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 123 121
130
sells. An upward trend in DOM tends to indicate a move 120
towards more of a Buyer's market, a downward trend a 110 102
move towards more of a Seller's market. The DOM for 100
March was 121, up 1.7% from 119 days last month and 90
down -1.6% from 123 days in March of last year. The 80
March 2010 DOM was at a mid level compared with 70
March of 2009 and 2008. 60
50
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for 340
the direction of Property values. Since Median Sales 320
Price and Average Sales price can be impacted by the
300
'mix' of high or low end Properties in the market, the 276
selling price per square foot is a more normalized 280
indicator on the direction of Property values. The 260
March 2010 Selling Price per Square Foot of $230 was 227 230
240
down -0.4% from $230 last month and up 1.3% from
227 in March of last year. 220
200
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
95%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 93% 92.4%
average amount that Sellers are agreeing to come down
90.7%
from their original list price. The lower the ratio is 91%
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market.
89%
The March 2010 Selling Price vs Original List Price of
90.7% was up from 89.7% last month and up from 86.5%
86.5% in March of last year. 87%

85%
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 8,000 Inventory New Listings Sales
This last view of the market combines monthly 7,000
7,039
7,014
6,860

6,769
6,727

6,647
6,609

inventory of Properties for sale along with New Listings

6,536

6,538
6,508

6,000
6,435

6,381
6,330
6,169
6,154

6,137
6,024

6,007
5,845

5,841
5,805

and Sales. The graph shows the basic annual

5,735

5,690

5,582

5,000
5,406
5,377

5,311
5,188
4,971

seasonality of the market as well as the relationship

4,948
4,943
4,838
4,735

4,629
4,591

4,000
4,182

between these items. The number of New Listings in

March 2010 was 1,439, up 21.7% from 1,182 last month 3,000
and down -2.4% from 1,474 in March of last year. 2,000
1,000
0
A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
 County: Fairfield
Price Range: All | Property Types: Single Family

A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Homes Sold 620 700 924 821 833 471 480 469 387 379 264 364 380 431 609 625 548 411 400 272 282 204 220 309 294 390 546 633 579 423 508 509 471 339 297 404
3 Mo. Roll Avg 748 815 859 708 595 473 445 412 343 336 336 392 473 555 594 528 453 361 318 253 235 244 274 331 410 523 586 545 503 480 496 440 369 347

(000's) A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Median Sale Price 540 620 615 600 580 525 517 518 500 478 464 481 480 500 550 615 521 500 471 428 415 368 385 385 420 399 461 470 474 445 430 420 432 435 400 411
3 Mo. Roll Avg 592 612 598 568 541 520 512 499 480 474 475 487 510 555 562 545 497 466 438 403 389 379 397 401 427 443 468 463 450 432 427 429 422 415

A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Inventory 6609 7039 7014 6860 6536 6727 6508 6024 4735 4971 5377 5845 6538 6769 6647 6435 6154 6007 5735 5406 4591 4838 5188 5690 6169 6381 6330 6137 5841 5805 5582 4943 4182 4629 4948 5311
MSI 11 10 8 8 8 14 14 13 12 13 20 16 17 16 11 10 11 15 14 20 16 24 24 18 21 16 12 10 10 14 11 10 9 14 17 13

A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Days on Market 104 98 88 92 92 102 96 106 97 115 112 102 99 104 101 94 103 103 104 110 112 108 114 123 116 113 97 112 106 113 117 112 108 108 119 121
3 Mo. Roll Avg 97 93 91 95 97 101 100 106 108 110 104 102 101 100 99 100 103 106 109 110 111 115 118 117 109 107 105 110 112 114 112 109 112 116

A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Price per Sq Ft 293 319 317 312 298 298 288 283 295 271 273 276 267 278 281 288 283 264 257 243 238 221 223 227 226 230 247 249 249 236 239 228 241 241 230 230
3 Mo. Roll Avg 310 316 309 303 295 290 289 283 280 273 272 274 275 282 284 278 268 255 246 234 227 224 225 227 234 242 248 245 241 234 236 236 237 234

A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Sale to List Price 0.944 0.948 0.947 0.936 0.936 0.929 0.920 0.914 0.913 0.904 0.905 0.924 0.923 0.920 0.926 0.925 0.918 0.906 0.906 0.901 0.877 0.872 0.877 0.865 0.878 0.889 0.899 0.894 0.896 0.902 0.902 0.901 0.909 0.906 0.897 0.907
3 Mo. Roll Avg 0.946 0.944 0.940 0.934 0.928 0.921 0.916 0.910 0.907 0.911 0.917 0.922 0.923 0.924 0.923 0.916 0.910 0.904 0.895 0.883 0.875 0.871 0.873 0.877 0.889 0.894 0.896 0.897 0.900 0.902 0.904 0.905 0.904 0.903

A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
New Listings 1892 1966 1673 1507 1297 1732 1385 985 518 1632 1280 1496 1734 1553 1336 1284 994 1341 1101 762 543 1175 1208 1474 1459 1297 1312 1144 959 1219 1030 706 490 1322 1182 1439
Inventory 6609 7039 7014 6860 6536 6727 6508 6024 4735 4971 5377 5845 6538 6769 6647 6435 6154 6007 5735 5406 4591 4838 5188 5690 6169 6381 6330 6137 5841 5805 5582 4943 4182 4629 4948 5311
Sales 620 700 924 821 833 471 480 469 387 379 264 364 380 431 609 625 548 411 400 272 282 204 220 309 294 390 546 633 579 423 508 509 471 339 297 404

(000's) A 07 M J J A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M
Avg Sale Price 764 900 868 891 812 774 779 774 765 729 736 748 696 776 784 790 799 677 623 618 576 504 566 608 545 569 628 653 680 644 658 580 606 690 593 606
3 Mo. Roll Avg 844 886 857 826 788 776 773 756 743 738 727 740 752 784 791 756 700 639 605 566 549 559 573 574 581 617 654 659 661 627 615 625 629 629

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.