MARKET ACTION REPORT May 2010

County: Howard
Price Range: All | Properties: Single Family - Condo - TwnHm
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 $449,900
Average List Price of all Current Listings $557,202
May Median Sales Price $345,000 $341,000
May Average Sales Price $395,946 $394,218
Total Properties Currently for Sale (Inventory) 1,495
May Number of Properties Sold 287 1,115
May Average Days on Market (Solds) 58 66
May Month's Supply of Inventory 5.2 6.3
May Sale Price vs List Price Ratio 97.6% 97.1%
* 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

450
Property Sales 400
411

May Property sales were 287, up 22.1% from 235 in

377

350
May of 2009 and 4.0% higher than the 276 sales last

341
330
300
313

308

303
month. May 2010 sales were at their highest level

287
281
250

276
273

273
272

269
261
252
compared to May of 2009 and 2008. May YTD sales
245

238
235
200
222
212

212
209

205
202
of 1,115 are running 25.4% ahead of last year's year-
188

183
182

181
150

174

168
146
to-date sales of 889.
144

138
136
100

123
50
0
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 A M
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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 500
The Median Sales Price in May was $345,000, down 480
-2.8% from $355,000 in May of 2009 and up 1.6% 460
440
from $339,500 last month. The Average Sales Price
420
in May was $395,946, up 4.4% from $379,355 in 400
May of 2009 and down -2.6% from $406,620 last 380
month. May 2010 ASP was at a mid range 360
compared to May of 2009 and 2008. 340
320
300
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 A M
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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
2,500 14
The Total Inventory of Properties available for sale as of
May was 1,495, up 5.0% from 1,424 last month and down - 12
2,000
2,100

8.3% from 1,631 in May of last year. May 2010 Inventory

2,032
2,023

2,023
2,006
2,006

1,990
1,951

1,935

10
1,904
1,888
1,872
1,859

1,859

was at its lowest level compared with May of 2009 and

1,712
1,711
1,708

1,695

1,652

1,500
1,631
1,596

1,590
1,577

2008. 8
1,537

1,530
1,529

1,495
1,488

1,424
1,420
1,399

1,365
1,296

1,224

6
1,211
1,204

1,000
A comparatively lower MSI is more beneficial for sellers 4
while a higher MSI is better for buyers. The May 2010 500
2
MSI of 5.2 months was at its lowest level compared with
May of 2009 and 2008. 0 0
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 A M
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated and The Coastal Association of Realtors 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 May 2010
County: Howard
Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 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 120
sells. An upward trend in DOM tends to indicate a move 87
100 83
towards more of a Buyer's market, a downward trend a
move towards more of a Seller's market. The DOM for 80 58
May was 58, up 1.8% from 57 days last month and down 60
-33.3% from 87 days in May of last year. The May 2010 40
DOM was at its lowest level compared with May of 2009
20
and 2008.
0
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 A 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
100%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 99%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is 98% 97.6%
below 100% the more of a Buyer's market exists, a ratio 97.1%
at or above 100% indicates more of a Seller's market. 96.9%
97%
The May 2010 Selling Price vs Original List Price of
97.6% was down from 97.7% last month and up from
96.9% in May of last year. 96%

95%
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 A M
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Inventory / New Listings / Sales

Inventory / New Listings / Sales 2,500 Inventory New Listings Sales
This last view of the market combines monthly
2,000
2,100

inventory of Properties for sale along with New Listings

2,032
2,023

2,023
2,006
2,006

1,990
1,951

1,935

1,904
1,888
1,872
1,859

1,859

and Sales. The graph shows the basic annual

1,712
1,711
1,708

1,695

1,652

1,500
1,631
1,596

1,590
1,577

seasonality of the market as well as the relationship

1,537
1,529

1,530

1,495
1,488

1,424
1,420
1,399

1,365
between these items. The number of New Listings in
1,296

1,224
1,211
1,204
1,000
May 2010 was 507, down -29.4% from 718 last month
and up 3.3% from 491 in May of last year.
500

0
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 A M
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated and The Coastal Association of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or
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.