Real Estate Production, Data, and Market Trends

Data Compiled 9/1/2009

Active Inventory: 31,009 a 3.9 month inventory supply overall.

REO inventory continues to decline @ 4410 total units (14%); Short Sales 7,569 (24%)

AWC/Pending: 16,756; Short Sales, 7,526 (45%); REO 5,249 (31%)

Sales last 30 days: 7,982; under $350,000 = 92%

Short Sales, 19%; REO's 50%; Institutional sales 69%; Private sales 31%

Market Inventory Supply Segmentation (Single Family Detached)

Price Range                Active                         Avg.  6/1-8/31                         Mos.

                                                                        mo. sales                                 Inventory       

<$200,000                   10,661                         5,994                                       1.78

$200,001-350,000       5,227                           1,075                                       4.86

$350,001-500,000       2,618                           278                                          9.4

$500,001-750,000       1,939                           141                                          13.75

$750,001-1,000,000    1,164                           42                                            27.7

$1,000,001- 2 mil        1,409                           42                                            33.5

$2,000,000+                808                              12                                            67.3

Closed Sales 1/1-8/31

2009    61,690 -62% over YTD 2008 sales!; 84% of 2005 sales

2008    38,170

2007    40,818

2006    52,598

2005    73,570

Short Sale and REO listings new to market

                        SS                    REO

April                 2,877               3,893

May                 2,876               3,680

June                 3,272               4,740

July                  3,316               4,502

August              2,951               3,119

REO (Foreclosure Notices of Sales are averaging 8,500 per month; 13,000+ in July)