The document analyzes housing market dynamics in Bucks County, Pennsylvania over a two year period from February 2008 to February 2010. It shows that the months supply of inventory, a measure of how long it would take to sell all listed homes at the current sales rate, remained stable at 8 months for both February 2008 and February 2010, with no change over the period. The number of homes listed for sale, under contract, and sold each month is also detailed to provide context for the months supply of inventory statistic.

1. Market Dynamics Prudential Fox & Roach
Months Supply of Inventory (BrokerMetrics® Calculation)
2 Years (Monthly) 02/01/08 - 02/28/10
KEY INFORMATION
Feb-08 Feb-10 Change Percent Change
MSI 8 8 0 4.3
MLS: TReND Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Residential: (Single Family, Twin/Semi-Detached, Unit/Flat, Row/Townhouse/Cluster, Mobile, Other) Sq Ft: All
Counties: Bucks
BrokerMetrics® 1 of 2 03/29/10
Information not guaranteed. © 2010 - 2011 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

2. Market Dynamics Prudential Fox & Roach
Months Supply of Inventory (BrokerMetrics® Calculation)
2 Years (Monthly) 02/01/08 - 02/28/10
Time # For Sale Last # Under
Period MSI NAR MSI Day of Month Contract # Sold
Feb-10 8.3 13.3 3,546 426 267
Jan-10 8.8 13.0 3,458 395 265
Dec-09 12.0 8.9 3,299 276 370
Nov-09 11.2 6.4 3,684 329 579
Oct-09 7.5 7.1 3,902 517 552
Sep-09 7.1 8.0 4,044 570 508
Aug-09 7.7 6.8 4,130 533 607
Jul-09 7.7 6.9 4,272 555 623
Jun-09 6.9 7.2 4,354 634 601
May-09 8.3 10.4 4,430 536 426
Apr-09 7.9 11.1 4,335 551 391
Mar-09 8.9 11.6 4,196 471 363
Feb-09 11.1 17.3 3,983 360 230
Jan-09 13.1 16.9 3,843 293 228
Dec-08 15.0 10.3 3,735 249 362
Nov-08 14.1 12.8 4,048 288 316
Oct-08 13.5 9.8 4,269 317 435
Sep-08 10.3 9.2 4,323 419 470
Aug-08 9.7 7.7 4,439 456 573
Jul-08 9.3 7.4 4,455 478 600
Jun-08 7.7 7.3 4,508 589 621
May-08 7.9 9.0 4,529 575 506
Apr-08 7.3 9.0 4,325 591 480
Mar-08 8.4 9.6 4,063 486 424
Feb-08 8.0 10.9 3,807 477 349
BrokerMetrics® 2 of 2 03/29/10
Information not guaranteed. © 2010 - 2011 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).