MARKET ACTION REPORT

June 2011

County: Queen Annes

Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings June Median Sales Price June Average Sales Price Total Properties Currently for Sale (Inventory) June Number of Properties Sold June Average Days on Market (Solds) June Month's Supply of Inventory June Sale Price vs List Price Ratio

Month
$384,900 $669,808 $279,500 $330,468 678 42 146 16.1 94.7%
70 50
49

LM

L3M PYM

YTD

Prior YTD

Prior Year

$249,900 $334,567 197 131 20.0 94.3%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
June Property sales were 42, down 31.1% from 61 in June of 2010 and 31.3% higher than the 32 sales last month. June 2011 sales were at their lowest level compared to June of 2010 and 2009. June YTD sales of 197 are running 9.2% behind last year's year-todate sales of 217.

43

41

37 40 33 41 37

32

32

35

17 12 14 22 22 25

10 0

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 M J 08 09 10 11

Prices
The Median Sales Price in June was $279,500, down 14.0% from $325,000 in June of 2010 and up 5.3% from $265,500 last month. The Average Sales Price in June was $330,468, down 10.6% from $369,809 in June of 2010 and down 21.9% from $422,931 last month. June 2011 ASP was at the lowest level compared to June of 2010 and 2009.

(000's)

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

900 800 700 600 500 400 300 200

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 M J 08 09 10 11

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

Inventory & MSI

The Total Inventory of Properties available for sale as of June was 678, down 1.2% from 686 last month and down 14.6% from 794 in June of last year. June 2011 Inventory was at its lowest level compared with June of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2011 MSI of 16.1 months was at its highest level compared with June of 2010 and 2009.

900 800 700 600 500 400 300 200 100 0

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

24 22

22

20

26

28

668 651 660 641 621 591 608 609 629 672 691 704 699 692 683 658 630 597 607 628 682 725 775 794 764 746 728 683 624 588 553 589 611 645 686 678

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 M J 08 09 10 11

Copyright Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

32

30

37

38 39

60 50 40 30 20 10 0

42

40

46 37 35 40 34 39 41 30

61

60

MARKET ACTION REPORT

June 2011

County: Queen Annes

Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for June was 146, up 2.8% from 142 days last month and down 0.7% from 147 days in June of last year. The June 2011 DOM was at its lowest level compared with June of 2010 and 2009.

250 230 210 190 170 150 130 110 90 70 50

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

165 147 146

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 M J 08 09 10 11

300 100

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2011 Selling Price vs Original List Price of 94.7% was up from 94.6% last month and down from 96.0% in June of last year.

99% 97% 95% 93% 91% 89% 87% 85% 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 M J 08 09 10 11 94.2% 96.0% 94.7%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2011 was 108, down 21.2% from 137 last month and down 15.6% from 128 in June of last year.

900 800 700 600 500 400 300 200 100 0

Inventory

New Listings

Sales

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 M J 08 09 10 11

Copyright Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

668 651 660 641 621 591 608 609 629 672 691 704 699 692 683 658 630 597 607 628 682 725 775 794 764 746 728 683 624 588 553 589 611 645 686 678