Farmington Inventory Summary

Year to Date Data Through August, 2010

2010 Listing Activity

Farmington Davis County

Counts % Counts %
New Listings 404 100% 5,100 100%
Sold/Closed 118 29% 1,329 26%
Under Contract 35 9% 329 6%
Expired/No Sale 116 29% 1,444 28%
Still Active 135 33% 1,998 39%

Current Listing Inventory by Price Range

A Month's Inventory level of approximately six monts is considered a "neutral" market. Less than six months is
referred to as a Seller's market and more than six months is referred to as a Buyer's market. This data is also referred
to as the "Absorption Rate." It refers to the time needed to liquidate current inventory levels based on past sales
activity assuming no new listings were to come on the market.

Current Avg Days Sales Past Avg Days Months

Price Range
Listings* on Market 12 Months on Market Inventory
Up to - $199,999 36 165 47 85 9

$200,000 - $299,999 65 126 112 78 7

$300,000 - $399,999 27 136 50 110 6

$400,000 - $499,999 13 90 14 116 11

Over $500,000 20 222 13 264 18

Totals 161 145 236 98 8

* includes all current listings including those with original list dates in the prior calendar year

Buyer Demand vs. Inventory Supply

Annual Comparison Through August

Farmington Davis County

YTD 2009 2010 % Chg 2009 2010 % Chg
New Listings 309 404 30.7% 4,839 5,100 5.4%
Closed Sales 107 160 49.5% 2,187 2,064 -5.6%
Average Sale $311,776 $289,918 -7.0% $232,559 $228,219 -1.9%
Median Sale $275,995 $256,495 -7.1% $209,000 $203,550 -2.6%
Avg Days on Market 160 87 -45.6% 119 112 -5.9%
August Listings 37 38 2.7% 620 607 -2.1%
August Closed 13 18 38.5% 328 216 -34.1%
August Avg Sale $265,847 $342,953 29.0% $233,105 $242,225 3.9%
August Median Sale $265,000 $258,995 -2.3% $207,701 $206,475 -0.6%

Data compiled from the Wasatch Front Regional Multiple Listing Service as of September 7, 2010