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Total Market Overview

GREATER SPRINGFIELD BOARD OF REALTORS - NEW CONST.


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 3 3 50.0% 1 4 4.50 99.47% 162 Seller
$90,000 - $99,999 22 2 8.3% 11 19 6.95 99.35% 86 Buyer
$100,000 - $119,999 44 9 17.0% 8 36 7.33 100.70% 81 Balanced
$120,000 - $139,999 42 7 14.3% 13 28 9.00 99.44% 90 Buyer
$140,000 - $159,999 17 7 29.2% 9 16 6.38 99.52% 127 Buyer
$160,000 - $179,999 10 3 23.1% 1 14 4.29 97.90% 108 Buyer
$180,000 - $199,999 19 2 9.5% 4 10 11.40 100.63% 133 Buyer
$200,000 - $249,999 19 1 5.0% 6 6 19.00 101.14% 64 Buyer
$250,000 - $299,999 12 1 7.7% 11 6 12.00 98.21% 108 Buyer
$300,000 - $349,999 2 1 33.3% 5 1 12.00 103.00% 151 Buyer
$350,000 - $399,999 2 0.0% 2 #DIV/0! Buyer
$400,000 - $449,999 2 0.0% 2 #DIV/0! Buyer
$450,000 - $499,999 1 0.0% #DIV/0! Buyer
$500,000 and up 4 0.0% 5 1 24.00 88.34% 104 Seller
Total 199 36 15% 78 141 8.47 98.88% 110 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.