Total Market Overview

Greater Springfield MLS

08/01/10

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 - $89,999 260 43 14% 5 200 8 96.2% 66 Buyer
$90,000 - $99,999 277 37 12% 3 245 7 97.2% 71 Buyer
$100,000 - $119,999 510 64 11% 9 480 6 97.7% 71 Buyer
$120,000 - $139,999 520 49 9% 13 383 8 97.7% 75 Buyer
$140,000 - $159,999 368 47 11% 1 225 10 97.0% 83 Buyer
$160,000 - $179,999 278 42 13% 2 173 10 96.9% 77 Buyer
$180,000 - $199,999 234 31 12% 2 117 12 97.1% 79 Buyer
$200,000 - $249,999 349 35 9% 6 182 12 96.3% 94 Buyer
$250,000 - $299,999 287 19 6% 2 101 17 96.2% 107 Buyer
$300,000 - $349,999 156 15 9% 3 46 20 95.4% 151 Buyer
$350,000 - $399,999 140 8 5% 4 34 25 96.8% 87 Buyer
$400,000 - $449,999 60 7 10% 0 9 40 98.3% 154 Buyer
$450,000 - $499,999 57 3 5% 0 6 57 96.7% 126 Buyer
$500,000 over 193 9 4% 1 13 89 93.0% 104 Buyer
Total 3689 409 10% 51 2214 10 96.6% 96 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.