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Total Market Overview

GREATER SPRINGFIELD BOARD OF REALTORS - NEW CONST.


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 2 2 50.0% 1 6 2.00 99.48% 110 Seller
$90,000 - $99,999 23 3 11.5% 10 27 5.11 99.52% 94 Buyer
$100,000 - $119,999 43 13 23.2% 10 33 7.82 100.14% 82 Balanced
$120,000 - $139,999 47 4 7.8% 17 28 10.07 99.63% 93 Buyer
$140,000 - $159,999 20 4 16.7% 8 17 7.06 99.00% 128 Buyer
$160,000 - $179,999 17 0.0% 2 14 7.29 98.30% 102 Buyer
$180,000 - $199,999 15 2 11.8% 5 11 8.18 100.18% 138 Buyer
$200,000 - $249,999 13 0.0% 6 7 11.14 101.19% 44 Buyer
$250,000 - $299,999 12 1 7.7% 9 7 10.29 98.77% 120 Buyer
$300,000 - $349,999 4 0.0% 5 1 24.00 102.94% 151 Buyer
$350,000 - $399,999 5 0.0% 1 1 30.00 96.80% 113 Buyer
$400,000 - $449,999 1 0.0% 2 1 6.00 105.60% 41 Buyer
$450,000 - $499,999 1 0.0% #DIV/0! Buyer
$500,000 and up 3 1 25.0% 4 1 18.00 88.35% 104 Seller
Total 206 29 12% 80 154 8.03 99.22% 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.