MARKET ACTION REPORT April 2010

County: Howard
Price Range: All | Properties: Single Family - Condo - TwnHm
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $459,900
Average List Price of all Current Listings $563,967
April Median Sales Price $339,500 $340,170
April Average Sales Price $389,119 $388,093
Total Properties Currently for Sale (Inventory) 1,350
April Number of Properties Sold 246 796
April Average Days on Market (Solds) 59 70
April Month's Supply of Inventory 5.5 6.6
April Sale Price vs List Price Ratio 97.8% 97.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

450
Property Sales 400
411

April Property sales were 246, up 16.0% from 212 in

377

350
April of 2009 and 4.2% higher than the 236 sales

341
333

330
300
313

308

303
last month. April 2010 sales were at their highest

281
250

273

273
272

267
261
252
level compared to April of 2009 and 2008. April

246
245

236
235
200
222
212

212
209

205
202
YTD sales of 796 are running 21.7% ahead of last
188

183
182

181
150

174

168
146
year's year-to-date sales of 654.
144

138
136
100

123
50
0
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 J J A S O N D J F M A
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 500
The Median Sales Price in April was $339,500, 480
down -5.2% from $358,000 in April of 2009 and 460
440
down -0.6% from $341,420 last month. The
420
Average Sales Price in April was $389,119, down - 400
0.6% from $391,414 in April of 2009 and up 1.4% 380
from $383,618 last month. April 2010 ASP was at 360
the lowest level compared to April of 2009 and 340
2008. 320
300
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 J J A S O N D J F M A
07 08 09 10

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

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
2,500 14
The Total Inventory of Properties available for sale as of
April was 1,350, up 1.1% from 1,335 last month and down - 12
2,000
2,100

18.3% from 1,652 in April of last year. April 2010

2,032
2,023

2,023
2,006
2,006

1,990
1,951

1,935

10
1,907

1,904
1,888
1,872
1,859

1,859

Inventory was at its lowest level compared with April of

1,712
1,711
1,708

1,695

1,652

1,500
1,631
1,596

1,590
1,577

2009 and 2008. 8

1,537
1,529

1,529
1,486
1,415
1,390

1,350
1,335
1,283

6
1,201
1,192
1,188

1,000
A comparatively lower MSI is more beneficial for sellers 4
while a higher MSI is better for buyers. The April 2010 500
2
MSI of 5.5 months was at its lowest level compared with
April of 2009 and 2008. 0 0
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 J J A S O N D J F M A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated and The Coastal Association of Realtors MLS 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 consumer’s real estate transaction.
MARKET ACTION REPORT April 2010
County: Howard
Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 120
sells. An upward trend in DOM tends to indicate a move
100 85
towards more of a Buyer's market, a downward trend a 79
move towards more of a Seller's market. The DOM for 80 59
April was 59, down -11.9% from 67 days last month and 60
down -25.3% from 79 days in April of last year. The 40
April 2010 DOM was at its lowest level compared with
20
April of 2009 and 2008.
0
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 J J A S O N D J F M A
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 99%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is 97.8%
98% 97.6%
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market. 96.9%
97%
The April 2010 Selling Price vs Original List Price of
97.8% was down from 97.9% last month and up from
96.9% in April of last year. 96%

95%
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 J J A S O N D J F M A
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 2,500 Inventory New Listings Sales
This last view of the market combines monthly
2,000
2,100

inventory of Properties for sale along with New Listings

2,032
2,023

2,023
2,006
2,006

1,990
1,951

1,935
1,907

1,904
1,888
1,872
1,859

1,859

and Sales. The graph shows the basic annual

1,712
1,711
1,708

1,695

1,652

1,500
1,631
1,596

1,590
1,577

seasonality of the market as well as the relationship

1,537
1,529

1,529
1,486
1,415
1,390

1,350
1,335
between these items. The number of New Listings in

1,283

1,201
1,192
1,188
1,000
April 2010 was 717, up 17.9% from 608 last month and
up 38.2% from 519 in April of last year.
500

0
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 J J A S O N D J F M A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated and The Coastal Association of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.