Craig Frazer

Farmington Inventory Summary CRS, CLHMS, GRI

RE/MAX Metro

Calendar Year 2010 801.699.6046

cfrazer@remax.net

2010 Listing Activity

Status, at time of the report, of new listings coming on the market in calendar year 2010

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Farmington Davis County
Counts % Counts %

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New Listings 554 100% 6,996 100%
Sold/Closed 192 35% 2,164 31%

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Under Contract 23 4% 271 4%
Expired/No Sale 213 38% 2,742 39%
Still Active 126 23% 1,819 26%

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Current Listing Inventory by Price Range
A Month's Inventory level of approximately six monts is considered a "neutral" market. Less than six months is
referred to as a Seller's market and more than six months is referred to as a Buyer's market. This data is also referred

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to as the "Absorption Rate." It refers to the time needed to liquidate current inventory levels based on past sales
activity assuming no new listings were to come on the market.

Price Range
E/
Current
Listings*
Avg Days Sales Past Avg Days Months
on Market 12 Months on Market Inventory
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Up to - $199,999 38 189 52 81 9

$200,000 - $299,999 52 126 107 85 6

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$300,000 - $399,999 19 119 52 121 4

$400,000 - $499,999 16 76 14 167 14

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Over $500,000 12 208 12 158 12

Totals 137 143 237 100 7

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* includes all current listings including those with original list dates in the prior calendar year
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Buyer Demand vs. Inventory Supply

Annual Comparison Through December
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Farmington Davis County

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YTD 2009 2010 % Chg 2009 2010 % Chg

New Listings 434 554 27.6% 6,829 6,996 2.4%
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Closed Sales 183 237 29.5% 3,406 2,938 -13.7%

Average Sale $305,379 $288,157 -5.6% $230,975 $228,420 -1.1%
Median Sale $270,000 $255,000 -5.6% $206,233 $201,500 -2.3%
Avg Days on Market 144 100 -30.6% 117 116 -0.9%
Decem ber Listings 27 24 -11.1% 336 348 3.6%
Decem ber Closed 10 20 100.0% 232 202 -12.9%
Decem ber Avg Sale $406,475 $268,695 -33.9% $244,769 $225,047 -8.1%
Decem ber Median Sale $332,450 $234,151 -29.6% $217,450 $195,000 -10.3%

Data compiled from the Wasatch Front Regional Multiple Listing Service as of January 10, 2011