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September '09 Real Estate Market Statistics

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September '09 Real Estate Market Statistics

  1. 1. Campbell Surveys September Reward for Respondents  www.campbellsurveys.com      Average Sales Price to List Price—September 2009 100% 99% 98% 96% Percent of Listing Price 95% 95% 94% 93% 92% 90% 88% Move-In Ready REO Damaged REO Non-Distressed Short Sales     Move-in ready REO has the highest sales price to list price ratio, indicating high demand for this property type. Homebuyers must wait several months for responses to short sale offers; the sales price to list price ratio is much lower for this property type.      
  2. 2. Campbell Surveys September Reward for Respondents  www.campbellsurveys.com      Average Number of Offers—September 2009 4.5 4.0 4.0 3.7 3.5 Number of Offers per Transaction 3.0 2.8 2.5 2.0 1.8 1.5 1.0 0.5 0.0 Move-In Ready REO Damaged REO Short Sales Non-Distressed     Move-in ready REO has the highest average number of offers, indicating high demand for this property type. Non-distressed properties, typically priced much higher, receive far fewer offers.      
  3. 3. Campbell Surveys September Reward for Respondents  www.campbellsurveys.com      Average Buy-Side Commissions—September 2009 3.0% 2.9% 2.84% 2.83% 2.82% 2.8% 2.78% 2.7% 2.6% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% Non-Distressed Move-In Ready REO Damaged REO Short Sales   Buy-side commissions are lower for short sales because mortgage servicers often demand concessions of agents to make the transaction close.    
  4. 4. Campbell Surveys September Reward for Respondents  www.campbellsurveys.com      Average Listing-Side Commissions—September 2009 3.0% 2.9% 2.84% 2.81% 2.8% 2.7% 2.66% 2.6% 2.55% 2.5% 2.4% 2.3% 2.2% 2.1% 2.0% Short Sales Non-Distressed Damaged REO Move-In Ready REO   Listing-side commissions for REO properties are typically lower because mortgage servicers demand this concession in return for REO listings.

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