Total Market Overview

GREATER SPRINGFIELD BOARD OF REALTORS

Wednesday, February 23, 2011
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 - $89,999 268 46 14.6% 139 156 10.31 96.24% 80 Buyer
$90,000 - $99,999 296 40 11.9% 141 156 11.38 96.02% 79 Buyer
$100,000 - $119,999 467 58 11.0% 237 306 9.16 96.11% 90 Buyer
$120,000 - $139,999 469 55 10.5% 230 241 11.68 97.08% 91 Buyer
$140,000 - $159,999 331 42 11.3% 176 154 12.90 97.07% 103 Buyer
$160,000 - $179,999 223 28 11.2% 143 121 11.06 96.47% 96 Buyer
$180,000 - $199,999 227 22 8.8% 111 87 15.66 96.96% 130 Buyer
$200,000 - $249,999 317 32 9.2% 165 149 12.77 95.71% 97 Buyer
$250,000 - $299,999 225 25 10.0% 150 69 19.57 96.50% 114 Buyer
$300,000 - $349,999 109 5 4.4% 68 46 14.22 95.87% 127 Buyer
$350,000 - $399,999 106 8 7.0% 62 27 23.56 95.02% 124 Buyer
$400,000 - $449,999 44 7 13.7% 25 15 17.60 95.95% 97 Buyer
$450,000 - $499,999 46 3 6.1% 23 7 39.43 97.82% 100 Buyer
$500,000 and up 140 7 4.8% 82 26 32.31 92.41% 128 Buyer
Total 3268 378 10% 1752 1560 12.57 96.09% 104 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.