Here is the Sales and Inventory history for January, 2008. This includes all single family homes between Destin and Inlet Beach. In my 2008 forecast I said that January would be a key indicator as to where we are headed this year.

As you can see we jumped up 6 sales over January, 2007. I think that's a great sign for what's to come this year. You can see a dramatic decrease in the average sales price. The lower end market is really beginning to move and I think the other markets will soon follow. Please let me know if you have any questions.

Josh

Sales and Inventory ReportCategory - Detached Single Family
Statistics for Entire MLS from 1/1/2007 - 12/31/2008
MonthYearMonthly SalesAvg List $Avg Sale $Avg DOMDiscountCurrent InventoryMonths InventoryJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberTotal:MonthYearMonthly SalesAvg List $Avg Sale $Avg DOMDiscountCurrent InventoryMonths InventoryJanuaryTotal:Grand Total:

2007	35	$986,548	$878,286	196.51	12.32%	2232	63.77
2007	45	$872,323	$755,832	217.13	15.41%	2310	51.33
2007	61	$927,461	$849,824	208.06	9.13%	2410	39.50
2007	66	$927,835	$851,846	176.06	8.92%	2523	38.22
2007	66	$973,392	$862,040	235.29	12.91%	2643	40.04
2007	74	$1,169,505	$1,051,423	192.72	11.23%	2691	36.36
2007	72	$991,276	$885,040	210.56	12.00%	2727	37.87
2007	66	$1,021,511	$905,199	215.36	12.84%	2699	40.89
2007	46	$864,355	$797,813	160.47	8.34%	2666	57.95
2007	49	$830,587	$749,496	209.86	10.81%	2560	52.24
2007	39	$1,011,455	$891,039	162.83	13.51%	2532	64.92
2007	49	$850,256	$763,407	220.29	11.37%	2450	50.00
668	$962,190	$863,116	200.43	11.57%	2536	47.76
2008	41	$762,417	$701,000	214.20	8.76%	2326	56.73
41	$762,417	$701,000	107.10	0.73%	193	4.72
2007 - 2008	709	$950,638	$853,741	201.49	12.30%	2730