MARKET ACTION REPORT

March 2012
Sandra Schmidt
CT Licensed REALTOR 203-994-9976 sandra.schmidt@cbmoves.com www.SandraSchmidt.net Trending versus*: Trending versus*:
LY

City: Danbury
Price Range: All | Properties: Single Family

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings March Median Sales Price March Average Sales Price Total Properties Currently for Sale (Inventory) March Number of Properties Sold March Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) March Sold Price per Square Foot March Month's Supply of Inventory March Sale Price vs List Price Ratio

Month
$299,000 $338,354 $236,250 $258,849 302 36 144 $163 $135 8.4 93.1%
45 40 35 30 25 20 15 10 5 0

LM
0% 0% 0% -2% 8% 57% 1% -4% -3%

L3M PYM
-7% -14% 2% 4% 4% -4% 44% 10% -10% -2% -16% -2%

YTD
$232,500 $250,592 78 138 $167 $139 11.8 95.0%

Prior YTD

Prior Year

-6%

-5% -12% 28% 4% -10% -7% -22% 1.2%

-7% -14%

-1% -11%

23% -6%

18% -3% -9% -15% 1.3%

-4% -11% .6% -.7%

-31% -29% -33% -39% -2.9% -1.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2011) / 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

Property Sales
March Property sales were 36, up 44.0% from 25 in March of 2011 and 56.5% higher than the 23 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 78 are running 27.9% ahead of last year's year-to-date sales of 61.

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 J J A S O N D J F M 09 10 11 12

Prices
The Median Sales Price in March was $236,250, up 3.6% from $228,000 in March of 2011 and up 0.1% from $235,900 last month. The Average Sales Price in March was $258,849, down 0.7% from $260,588 in March of 2011 and down 1.5% from $262,876 last month. March 2012 ASP was at the lowest level compared to March of 2011 and 2010.

(000's)

400 350 300 250 200 150

Inventory & MSI

The Total Inventory of Properties available for sale as of March was 302, up 8.2% from 279 last month and down 3.8% from 314 in March of last year. March 2012 Inventory was at its lowest level compared with March of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2012 MSI of 8.4 months was at its lowest level compared with March of 2011 and 2010.

450 400 350 300 250 200 150 100 50 0

311 321 332 342 322 318 311 298 256 273 292 325 362 367 393 406 403 381 348 326 279 288 289 314 330 356 371 357 337 338 329 305 268 282 279 302

Copyright | Price Range: All | Property Types: Single Family

Data is provided courtesy of Greater Fairfield County CMLS, Inc. and may not reflect all relevant real estate activity. 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 consumers real estate transaction.

25 28 38 29 33 24 27 42 22 20 16 32 30 29 31 27 37 28 37 17 31 21 15 25 18 27 33 29 42 28 23 13 36 19 23 36

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

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 J J A S O N D J F M 09 10 11 12

Total Inventory & Month's Supply of Inventory (MSI)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

25 20 15 10 5 0

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 J J A S O N D J F M 09 10 11 12

MARKET ACTION REPORT

March 2012
Sandra Schmidt
CT Licensed REALTOR 203-994-9976 sandra.schmidt@cbmoves.com www.SandraSchmidt.net Days On Market for Sold Properties

City: Danbury
Price Range: All | Properties: Single Family

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 144, up 1.4% from 142 days last month and down 10.0% from 160 days in March of last year. The March 2012 DOM was at a mid level compared with March of 2011 and 2010. 190 170 150 130 110 90 70 50

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

160 144 128

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 J J A S O N D J F M 09 10 11 12

Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The March 2012 Selling Price per Square Foot of $135 was down 3.2% from $140 last month and down 4.5% from 141 in March of last year. 240 220 200 180 160 140 120 100

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

170 141 135

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 J J A S O N D J F M 09 11 10 12

Selling Price versus Listing Price Ratio

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2012 Selling Price vs Original List Price of 93.1% was down from 95.9% last month and up from 92.5% in March of last year.

100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90%

Avg Selling Price divided by Avg Listing Price for sold properties during the month

3 Mo Avg

94.1% 92.5% 93.1%

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 J J A S O N D J F M 09 10 11 12

Inventory / New Listings / Sales

450 This last view of the market combines monthly inventory 400 of Properties for sale along with New Listings and Sales. 350 The graph shows the basic annual seasonality of the 300 market as well as the relationship between these items. 250 The number of New Listings in March 2012 was 83, up 200 48.2% from 56 last month and equal to 83 in March of 150 last year. 100 50 0

Inventory / New Listings / Sales

Inventory

New Listings

Sales

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 J J A S O N D J F M 09 10 11 12

Copyright | Price Range: All | Property Types: Single Family

Data is provided courtesy of Greater Fairfield County CMLS, Inc. and may not reflect all relevant real estate activity. 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 consumers real estate transaction.

311 321 332 342 322 318 311 298 256 273 292 325 362 367 393 406 403 381 348 326 279 288 289 314 330 356 371 357 337 338 329 305 268 282 279 302

Inventory / Listings / Sales

March 2012
Sandra Schmidt CT Licensed REALTOR 203-994-9976 sandra.schmidt@cbmoves.com www.SandraSchmidt.net

City: Danbury
Price Range: All | Properties: Single Family

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in March 2012 was 83, up 48.2% from 56 last month and equal to 83 in March of last year. 450
406 403

Inventory
393

New Listings

Sales

400
362 367

381

342

348

356

357

350
332 321 322 311 311

371

330

337

338

314

305

298

292

288

289

279

282

273

200 150 100

96 95 99 91 84 83 93 65 62 63 57 58 56 21 49 15 55 65

256

250

50
25

0
A 09 M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S O N D J 12 F M

Copyright | Price Range: All | Property Types: Single Family

Data is provided courtesy of Greater Fairfield County CMLS, Inc. and may not reflect all relevant real estate activity. does not warrant or guarantee 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 consumers real estate transaction.

56 42 70 28 58 23 44 13 47 36 66 19 56 23 83 36

80

81

79

75

80

73

74

70

42 27 22

38

37

66

28

29

33

24

27

20

16

32

30

29

31

27

28

37

17 33 31

25

18

27

33

75

29

268

279

302

300

318

325

326

329