Jim Duncan's Market Report market update

CHARLOTTESVILLE
Sunday May 9, 2010
Real-Time Market Profile Trend
Median List Price THIS WEEK
$ 249,900 The median condo/townhome price
Asking Price per Square Foot $ 169 in CHARLOTTESVILLE this week is
Average Days on Market 201 $249,900.
Percent of Properties with Price Decrease 46 %
Percent Relisted (reset DOM) 35 %
Percent Flip (price increased) 23 %
Median Size (sq ft) 1,305
Inventoris tightening and days-on-
Median Number of Bedrooms 2.8 market is falling. But demand as
Median Number of Bathrooms 2.0 measured by the Market Action Index is
Market Action Index* Cool. Buyer's Market 22 also trending down. The market is not
* see below for details on the Market Action Index giving strong up or down signals from
these data.

PRICE
Prices continue their climb again this
week. We're a long way from the
market's price high-point so watch the
Market Action Index as an indicator of
how long this trend will last.

The Market Action Index answers the question "How's the Market?" By measuring the SUPPLY AND DEMAND
current rate of sale versus the amount of the inventory.
Local conditions are currently in the
Buyer's Market zone (below 30), though
not strongly so. The 90-day Market
Action Index stands this week at 22 so
buyers should expect find reasonable
levels of selection.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor the
buyer.
QUARTILES
Characteristics per Quartile Investigate the market in
Med. Ab- Avg.
quartiles—where each quartile is 25%
Quartile Median Price Med. Sqft Bed Bath Age Inven. New sorbed DoM of the homes listed.

1 $ 489,500 2,055 3.0 3.0 2 59 1 3 234 Most expensive 25% of homes

2 $ 287,000 1,798 3.0 3.0 3 59 0 7 178 Upper-middle 25% of homes

3 $ 213,900 1,315 3.0 2.0 10 59 0 24 180 Lower-middle 25% of homes

4 $ 149,900 940 2.0 2.0 28 60 4 9 215 Least expensive 25% of homes

Jim Duncan | www.RealCentralVA.com | 434.242.7140 1

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information contained herein is based on properties currently listed for sale and available publicly. When evaluating a
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