MARKET ACTION REPORT

May 2011
Lorey and Meig Walz
Realtor 203-996-7209 203-619-4029 meig.walz@cbmoves.com Trending versus*: Trending versus*:
LY

City: Madison
Price Range: All | Properties: Single Family - Condo - TwnHm

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings May Median Sales Price May Average Sales Price Total Properties Currently for Sale (Inventory) May Number of Properties Sold May Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) May Sold Price per Square Foot May Month's Supply of Inventory May Sale Price vs List Price Ratio

Month
$574,900 $842,109 $465,000 $696,062 277 20 149 $270 $224 13.9 94.6%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$417,500 $609,151 78 136 $264 $227 14.9 92.3%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
May Property sales were 20, down 16.7% from 24 in May of 2010 and 4.8% lower than the 21 sales last month. May 2011 sales were at their lowest level compared to May of 2010 and 2009. May YTD sales of 78 are running 15.2% behind last year's year-todate sales of 92.

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Prices
The Median Sales Price in May was $465,000, up 29.7% from $358,500 in May of 2010 and up 2.2% from $455,000 last month. The Average Sales Price in May was $696,062, up 65.7% from $420,064 in May of 2010 and up 32.6% from $524,755 last month. May 2011 ASP was at the highest level compared to May of 2010 and 2009.

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Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

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J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 08 09 10 11

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 277, up 8.6% from 255 last month and down 1.8% from 282 in May of last year. May 2011 Inventory was at its lowest level compared with May of 2010 and 2009.

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MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

Total Inventory & Month's Supply of Inventory (MSI)

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J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 08 09 10 11

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2011 MSI of 13.9 months was at its highest level compared with May of 2010 and 2009.

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Copyright Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Connecticut Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

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MARKET ACTION REPORT

May 2011
Lorey and Meig Walz
Realtor 203-996-7209 203-619-4029 meig.walz@cbmoves.com Days On Market for Sold Properties

City: Madison
Price Range: All | Properties: Single Family - Condo - TwnHm

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for May was 149, up 47.5% from 101 days last month and up 30.7% from 114 days in May of last year. The May 2011 DOM was at a mid level compared with May of 2010 and 2009. 190 170 150 130 110 90 70 50

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

149 114 83

J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 08 09 10 11

Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The May 2011 Selling Price per Square Foot of $224 was down 3.7% from $233 last month and down 0.9% from 226 in May of last year.

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Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

226 182

224

J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 08 09 10 11

Selling Price versus Listing Price Ratio

100%
Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The May 2011 Selling Price vs Original List Price of 94.6% was down from 96.2% last month and up from 94.5% in May of last year.

99% 98% 97% 96% 95% 94% 93% 92% 91% 90% J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 08 09 10 11 94.1% 94.5% 94.6%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in May 2011 was 61, down 19.7% from 76 last month and down 1.6% from 62 in May of last year.

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Inventory

New Listings

Sales

J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M 08 09 10 11

Copyright Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Connecticut Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

249 238 242 249 246 216 201 201 219 259 279 297 295 289 278 268 259 237 206 210 228 248 260 282 284 282 281 281 255 224 192 185 193 215 255 277

Inventory / Listings / Sales

May 2011
Lorey and Meig Walz Realtor 203-996-7209 203-619-4029 meig.walz@cbmoves.com

City: Madison
Price Range: All | Properties: Single Family - Condo - TwnHm

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in May 2011 was 61, down 19.7% from 76 last month and down 1.6% from 62 in May of last year. 350 300
279 259

Inventory
297 295

New Listings

Sales

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Copyright Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Connecticut Multiple Listing Service, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

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