March 2010

Contents

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

Property Type Analysis
Inventory
Months Supply
Home Sales
Pct. of Original List Price Received
Median Sales Price
Days on Market Until Sale

2
2
3
3
4
4

Price Range Analysis
Inventory
Months Supply
Home Sales
Pct. of Original List Price Received
Days on Market Until Sale

5
6
7
8
9
1

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

2

Housing Supply Outlook
March 2010
Inventory of Homes for Sale
3-2009

3-2010

March 2009

Change

All
Previously Owned
New Construction
Single-Family

4,976
4,690
286
2,184

3,792
3,650
142
1,658

- 23.8%
- 22.2%
- 50.3%
- 24.1%

Previously Owned
New Construction

2,025
159

1,584
74

- 21.8%
- 53.5%

Condo - Fee Simple

2,366

1,770

- 25.2%

Previously Owned
New Construction

2,241
125

1,703
67

- 24.0%
- 46.4%

Condo - Leasehold

426

364

- 14.6%

Previously Owned
New Construction

424
2

363
1

- 14.4%
- 50.0%

March 2010

4,976

3,792

2,366

2,184

1,770

1,658

426

- 23.8%

- 24.1%

- 25.2%

All

Single-Family

Condo - Fee Simple

- 14.6%
Condo - Leasehold

Months Supply of Inventory
3-2009

3-2010

Change

All
Previously Owned
New Construction
Single-Family

9.7
9.7
9.8
10.3

7.0
6.9
11.3
7.2

- 27.8%
- 28.8%
+ 15.4%
- 29.9%

Previously Owned
New Construction

10.0
15.6

7.1
10.4

- 29.0%
- 33.2%

Condo - Fee Simple

8.7

6.2

- 28.9%

Previously Owned
New Construction

8.9
6.6

6.1
12.4

- 31.5%
+ 88.8%

Condo - Leasehold

14.3

13.4

- 5.8%

Previously Owned
New Construction

14.2
0.0

13.4
#NUM!

- 5.4%
NA

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

364

March 2009
March 2010
14.3

13.4

10.3

9.7

8.7
7.0

7.2
6.2

- 27.8%

- 29.9%

- 28.9%

- 5.8%

All

Single-Family

Condo - Fee Simple

Condo - Leasehold

3

Housing Supply Outlook
March 2010
Pending Home Sales Last Twelve Months
3-2008
through
2-2009

3-2009
through
2-2010

Change

All
Previously Owned
New Construction
Single-Family

6,000
5,664
336
2,483

6,232
6,089
143
2,633

+ 3.9%
+ 7.5%
- 57.5%
+ 6.0%

Previously Owned
New Construction

2,377
106

2,549
84

+ 7.2%
- 20.8%

Condo - Fee Simple

3,176

3,284

+ 3.4%

Previously Owned
New Construction

2,946
230

3,225
59

+ 9.5%
- 74.4%

Condo - Leasehold

341

315

- 7.6%

Previously Owned
New Construction

341
0

315
0

- 7.6%
NA

March 2008 through February 2009

6,232

6,000

March 2009 through February 2010

3,176
2,483

3,284

2,633

341

+ 3.9%
All

315

+ 6.0%

+ 3.4%

- 7.6%

Single-Family

Condo - Fee Simple

Condo - Leasehold

Percent Of Original List Price Received Last Twelve Months
March 2008 through February 2009

3-2008
through
2-2009

3-2009
through
2-2010

Change

All
Previously Owned
New Construction
Single-Family

93.1%
93.1%
94.7%
92.6%

93.5%
93.5%
91.7%
93.9%

+ 0.4%
+ 0.5%
- 3.1%
+ 1.4%

Previously Owned
New Construction

92.5%
94.1%

93.9%
93.1%

+ 1.5%
- 1.1%

Condo - Fee Simple

94.1%

93.8%

- 0.3%

Previously Owned
New Construction

94.1%
95.2%

93.8%
89.7%

- 0.2%
- 5.7%

Condo - Leasehold

88.6%

87.4%

- 1.3%

Previously Owned
New Construction

88.6%
0.0%

87.4%
0.0%

- 1.3%
NA

March 2009 through February 2010
93.5%

93.1%

93.9%

94.1%

93.8%
88.6%

+ 0.4%
All
All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

92.6%

+ 1.4%
Single-Family

87.4%

- 0.3%

- 1.3%

Condo - Fee Simple

Condo - Leasehold

4

Housing Supply Outlook
March 2010
Median Sales Price Last Twelve Months
3-2008
through
2-2009

3-2009
through
2-2010

Change

All
Previously Owned
New Construction
Single-Family

$430,000
$420,000
$640,000
$615,000

$408,000
$401,000
$650,000
$580,000

- 5.1%
- 4.5%
+ 1.6%
- 5.7%

Previously Owned
New Construction

$610,000
$715,000

$575,000
$700,000

- 5.7%
- 2.1%

Condo - Fee Simple

$330,000 $315,000

- 4.5%

Previously Owned
New Construction

$325,000
$610,000

$313,500
$519,000

- 3.5%
- 14.9%

Condo - Leasehold

$215,000 $185,000

- 14.0%

Previously Owned
New Construction

$215,000
$0

- 14.0%
NA

$185,000
$0

$615,000

$430,000

March 2008 through February 2009
March 2009 through February 2010

$580,000

$408,000
$330,000 $315,000
$215,000

- 5.1%

- 5.7%

- 4.5%

All

Single-Family

Condo - Fee Simple

$185,000

- 14.0%
Condo - Leasehold

Days on Market Until Sale Last Twelve Months
March 2008 through February 2009

3-2008
through
2-2009

3-2009
through
2-2010

Change

All
Previously Owned
New Construction
Single-Family

72
73
53
77

74
74
98
76

+ 3.0%
+ 0.7%
+ 84.5%
- 1.8%

Previously Owned
New Construction

77
80

75
102

- 2.7%
+ 27.6%

Condo - Fee Simple

67

72

+ 8.1%

Previously Owned
New Construction

69
39

72
92

+ 4.2%
+ 137.6%

Condo - Leasehold

89

89

+ 0.4%

Previously Owned
New Construction

89
0

89
0

+ 0.4%
NA

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

March 2009 through February 2010
89
74

72

77

76
67

89

72

+ 3.0%

- 1.8%

+ 8.1%

+ 0.4%

All

Single-Family

Condo - Fee Simple

Condo - Leasehold

5

Housing Supply Outlook
March 2010
Inventory of Homes for Sale
All
Price Range

3-2009

Under $125,000

3-2010

Previously Owned
Change

3-2009

New Construction

3-2010

Change

3-2009

3-2010

Change

625

552

- 11.7%

614

549

- 10.6%

11

3

- 72.7%

$125,001 - $175,000

1,480

1,114

- 24.7%

1,454

1,103

- 24.1%

26

11

- 57.7%

$175,001 - $225,000

1,135

824

- 27.4%

1,082

797

- 26.3%

53

27

- 49.1%

$225,001 - $400,000

1,031

716

- 30.6%

921

681

- 26.1%

110

35

- 68.2%

$400,001 and above

705

586

- 16.9%

619

521

- 15.8%

86

65

- 24.4%

4,976

3,792

- 23.8%

4,690

3,651

- 22.2%

286

141

- 50.7%

All Price Ranges

1,480

March 2009
March 2010
1,114

1,135
1,031
824
716

625

586

552

- 11.7%
Under $125,000

705

- 24.7%
$125,001 - $175,000

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

- 27.4%
$175,001 - $225,000

- 30.6%

- 16.9%

$225,001 - $400,000

$400,001 and above

6

Housing Supply Outlook
March 2010
Months Supply of Inventory
All
Price Range

3-2009

3-2010

Under $200,000

13.6

$200,001 - $300,000

7.8

Previously Owned

New Construction

Change

3-2009

3-2010

Change

3-2009

3-2010

Change

9.8

- 28.2%

15.2

9.8

- 35.6%

1.6

3.0

+ 85.5%

5.5

- 30.0%

8.0

5.5

- 31.3%

3.7

5.0

+ 35.0%
+ 25.6%

$300,001 - $400,000

8.4

5.7

- 32.5%

8.4

5.6

- 33.7%

8.2

10.2

$400,001 - $500,000

9.2

6.8

- 26.4%

8.9

6.9

- 22.9%

13.5

5.7

- 57.9%

$500,001 - $1,000,000

22.0

18.2

- 17.3%

20.9

17.0

- 18.4%

26.7

35.8

+ 33.9%

All Price Ranges

9.7

7.0

- 27.8%

9.7

6.9

- 28.8%

9.8

11.3

+ 15.4%

March 2009
22.0

March 2010

18.2

13.6

9.8

9.2

8.4

7.8

6.8
5.5

5.7

- 28.2%

- 30.0%

- 32.5%

- 26.4%

- 17.3%

Under $200,000

$200,001 - $300,000

$300,001 - $400,000

$400,001 - $500,000

$500,001 - $1,000,000

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

7

Housing Supply Outlook
March 2010
Pending Home Sales Last Twelve Months
All
3-2008
through
2-2009
572

3-2009
through
2-2010
669

$200,001 - $300,000

2,233

2,318

$300,001 - $400,000

1,582

1,675

$400,001 - $500,000

1,272
371
6,030

6,249

Price Range
Under $200,000

$500,001 - $1,000,000
All Price Ranges

2,233

Previously Owned

+ 16.9%

3-2008
through
2-2009
492

3-2009
through
2-2010
657

+ 3.8%

2,142

2,297

+ 5.9%

1,514

1,643

1,210

- 4.9%

1,180

377

+ 1.7%

336

+ 3.6%

5,664

Change

+ 33.5%

3-2008
through
2-2009
80

3-2009
through
2-2010
12

+ 7.2%

91

21

- 76.8%

+ 8.5%

68

32

- 52.4%

1,138

- 3.6%

92

72

- 21.7%

354

+ 5.4%

35

23

- 34.2%

6,089

+ 7.5%

366

160

- 56.2%

Change

Change
- 85.1%

March 2008 through February 2009

2,318

March 2009 through February 2010

1,582

1,675

1,272

572

New Construction

1,210

669
371

+ 16.9%
Under $200,000

+ 3.8%
$200,001 - $300,000

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

+ 5.9%
$300,001 - $400,000

- 4.9%
$400,001 - $500,000

377

+ 1.7%
$500,001 - $1,000,000

8

Housing Supply Outlook
March 2010
Percent of Original List Price Received Last Twelve Months
All
3-2008
through
2-2009
90.1%

3-2009
through
2-2010
89.0%

$200,001 - $300,000

94.0%

94.4%

$300,001 - $400,000

94.0%

94.9%

Price Range
Under $200,000

Previously Owned

- 1.1%

3-2008
through
2-2009
90.0%

3-2009
through
2-2010
89.1%

+ 0.4%

94.0%

94.4%

+ 0.9%

93.9%

Change

New Construction

- 1.0%

3-2008
through
2-2009
93.9%

3-2009
through
2-2010
75.9%

+ 0.4%

97.7%

96.5%

- 1.2%

94.9%

+ 1.1%

96.7%

94.7%

- 2.1%

Change

Change
- 19.2%

$400,001 - $500,000

93.6%

93.9%

+ 0.3%

93.4%

94.0%

+ 0.6%

95.1%

92.1%

- 3.2%

$500,001 - $1,000,000

86.9%

87.9%

+ 1.2%

86.9%

88.1%

+ 1.3%

86.2%

83.8%

- 2.9%

All Price Ranges

93.1%

93.5%

+ 0.4%

93.1%

93.5%

+ 0.5%

94.7%

91.7%

- 3.1%

March 2008 through February 2009
March 2009 through February 2010
94.0%
90.1%

94.4%

94.0%

94.9%

93.6%

93.9%

89.0%

86.9%

87.9%

- 1.1%

+ 0.4%

+ 0.9%

+ 0.3%

+ 1.2%

Under $200,000

$200,001 - $300,000

$300,001 - $400,000

$400,001 - $500,000

$500,001 - $1,000,000

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

9

Housing Supply Outlook
March 2010
Days on Market Until Sale Last Twelve Months
All
3-2008
through
2-2009
73

3-2009
through
2-2010
85

$200,001 - $300,000

68

70

$300,001 - $400,000

73

72

Price Range
Under $200,000

Previously Owned

+ 17.2%

3-2008
through
2-2009
81

3-2009
through
2-2010
85

+ 3.1%

69

70

- 1.7%

73

72

Change

New Construction

+ 4.4%

3-2008
through
2-2009
11

3-2009
through
2-2010
127

+ 1038.6%

+ 0.7%

17

43

+ 153.8%

- 2.1%

70

80

+ 15.2%

Change

Change

$400,001 - $500,000

71

73

+ 2.0%

71

71

- 0.0%

79

103

+ 31.0%

$500,001 - $1,000,000

99

106

+ 7.1%

98

103

+ 5.3%

109

162

+ 48.9%

All Price Ranges

72

74

+ 3.0%

73

74

+ 0.7%

53

98

+ 84.5%

March 2008 through February 2009
March 2009 through February 2010
106
99
85
73

68

70

73

72

71

73

+ 17.2%

+ 3.1%

- 1.7%

+ 2.0%

+ 7.1%

Under $200,000

$200,001 - $300,000

$300,001 - $400,000

$400,001 - $500,000

$500,001 - $1,000,000

All data from the HiCentral MLS, Ltd. Powered by 10K Research Marketing.

10

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