Spotsylvania county feb 2011

Local Market Update – February 2011A RESEARCH TOOL PROVIDED BY REALESTATE BUSINESS INTELLIGENCE – AN MRIS COMPANY + 11.0% - 3.6% - 6.2% Spotsylvania Change in New Listings Change in Closed Sales Change in Median Sales Price County February Year to Date 2010 2011 +/– 2010 2011 +/–New Listings 209 232 + 11.0% 450 452 + 0.4%Closed Sales 110 106 - 3.6% 224 211 - 5.8%Pending Sales 160 200 + 25.0% 300 343 + 14.3%Median Sales Price* $176,000 $165,075 - 6.2% $184,500 $170,000 - 7.9%Percent of Original List Price Received* 95.0% 91.6% - 3.6% 93.5% 90.6% - 3.1%Days on Market Until Sale 64 78 + 21.3% 66 86 + 29.3%Inventory – Single-Family Detached 696 693 - 0.4% -- -- --Inventory – Townhouse-Condo 87 69 - 20.7% -- -- --* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. 2010 2011 2010 2011 February Year to Date 232 450 452 209 110 106 224 211 + 11.0% - 3.6% + 0.4% - 5.8% New Listings Closed Sales New Listings Closed SalesChange in Median Sales Price from Prior Year (6-Month Average)** All MLS b Spotsylvania County a + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 **Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. All data provided by RealEstate BusinessIntelligence, LLC, an MRIS Company. This report may be reproduced by MRIS members. Data current as of March 9, 2011. Powered by 10K Research.

Spotsylvania county feb 2011

by Jennifer Rathbun on Mar 12, 2011

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