Total Market Overview

GREATER SPRINGFIELD BOARD OF REALTORS

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 - $89,999 273 38 12.2% 124 170 9.64 95.69% 178 Buyer
$90,000 - $99,999 305 39 11.3% 122 181 10.11 96.72% 204 Buyer
$100,000 - $119,999 513 63 10.9% 239 343 8.97 96.44% 191 Buyer
$120,000 - $139,999 503 56 10.0% 229 280 10.78 97.32% 172 Buyer
$140,000 - $159,999 357 34 8.7% 162 198 10.82 96.91% 181 Buyer
$160,000 - $179,999 272 17 5.9% 145 149 10.95 96.72% 203 Buyer
$180,000 - $199,999 236 21 8.2% 106 114 12.42 96.62% 201 Buyer
$200,000 - $249,999 337 24 6.6% 172 170 11.89 95.71% 201 Buyer
$250,000 - $299,999 241 16 6.2% 140 92 15.72 95.71% 227 Buyer
$300,000 - $349,999 116 9 7.2% 65 52 13.38 95.42% 204 Buyer
$350,000 - $399,999 131 8 5.8% 51 32 24.56 96.01% 187 Buyer
$400,000 - $449,999 59 8 11.9% 21 17 20.82 98.26% 269 Buyer
$450,000 - $499,999 45 4 8.2% 22 8 33.75 95.29% 202 Buyer
$500,000 over 143 9 5.9% 77 21 40.86 92.96% 198 Buyer
Total 3531 346 9% 1675 1827 11.60 96.13% 201 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.