February 2007 saw a 23% increase in the number of listings over February 2006. Plainfield had 344 single family homes listed for February  2007 with a average list price of $361,511. Of the 344 listings, 78 were new with a average price of $374,370 . During the month there were 23 sales with an average sales price of $339,239. 

One could infer significant price reductions were taken, before these sales were consummated. Sales were down by 13% in comparison to February 2006. However, the average sales price to list price was a strong 98%. Keep in mind this is adjusted list price to sales price. Reductions were taken before contracts were entered into.

Another interesting factor is that the February 2007 list price on new listings, was up by 9% over February 2006. That's better than January's 20.84%. Sellers are becoming more realistic about what the market will bare.