SAINT CHARLES

River City Real Estate's

Sunday January 11, 2009

market update

THIS WEEK

Median List PriceReal-Time Market ProfileTrend$ 239,000157Average Days on MarketAsking Price per Square Foot$ 131Percent of Properties with Price Decrease45 %Percent Relisted (reset DOM)15 %Percent Flip (price increased)6 %

The median single family homeprice in SAINT CHARLES thisweek is $239,000.

Market Action Index*14Cold! Buyer'sMedian Number of BedroomsMedian Number of BathroomsMedian House Size (sq ft)Median Lot Size1,8793.02.50.25 - 0.50 acre

Inventory has been decreasinglately but the Market Action Indexis falling also. With days-on-marketclimbing, these are relativelynegative implications for themarket.

* see below for details on the Market Action Index

PRICE

This week prices remainedrelatively flat. However the recenttrends have us pulling back fromthe market’s high points. TheMarket Action Index is a goodleading indicator for the durabilityof this trend.

SUPPLY AND DEMAND

The Market Action Index answers the question "How's the Market?" By measuring thecurrent rate of sale versus the amount of the inventory.

Local conditions are currently quitestrongly in the Buyer's Market zone(below 30). The 90-day MarketAction Index stands at 14. Withseveral months of inventoryavailable at the current sales rate,buyers should find ample choice.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor thebuyer.