Total Market Overview

GREATER SPRINGFIELD BOARD OF REALTORS - NEW CONST.

Wednesday, December 15, 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 4 1 20.0% 8 3.00 99.62% 91 Buyer
$90,000 - $99,999 23 4 14.8% 9 36 3.83 99.61% 78 Buyer
$100,000 - $119,999 43 11 20.4% 12 41 6.29 100.39% 61 Buyer
$120,000 - $139,999 48 3 5.9% 10 37 7.78 99.71% 78 Buyer
$140,000 - $159,999 22 3 12.0% 5 19 6.95 98.95% 119 Buyer
$160,000 - $179,999 15 1 6.3% 3 17 5.29 98.46% 91 Buyer
$180,000 - $199,999 20 0.0% 3 10 12.00 100.20% 146 Buyer
$200,000 - $249,999 13 0.0% 6 7 11.14 101.19% 44 Buyer
$250,000 - $299,999 14 0.0% 6 7 12.00 98.77% 120 Buyer
$300,000 - $349,999 5 0.0% 4 1 30.00 102.94% 151 Buyer
$350,000 - $399,999 6 0.0% 1 36.00 96.80% 113 Buyer
$400,000 - $449,999 3 0.0% 1 18.00 105.60% 41 Buyer
$450,000 - $499,999 1 0.0% #DIV/0! Buyer
$500,000 over 3 1 25.0% 4 1 18.00 88.35% 104 Seller
Total 220 24 10% 62 186 7.10 99.28% 95 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.