Market Watch – November 2008

Commentary regarding November 2008

Quick Stats:

	2008	2007	% Change
Number of Active Listings	27,037	18,309	+ 48%
New Listings this month	9,925	10,692	– 7%
Sales this month	3,640	7,313	– 50%
Average Days on Market	41	32	+ 28
Average Price	$368,582	$393,747	– 6.4%
List Price vs. Sales Ratio	96%	98%	– 2%
Months of Inventory	7.43	2.5	+ 4.92

Number of Listings is up by 48% along with Average days on Market at 41 days

Our inventory levels have jumped to 7.43 months from 2.5 months in November 2007

List to sale price ratio has increased to 96% leading to additional 2% discounts for buyers

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