October 2010 Price Range: All | Proper ties: Condo - T wnHm Market Profile & Trends Overview LM L3M PYM LY Pri or YTD Pr ior Ye ar Median List Price of all Current Listings Average List Price of all Current Listings October Median Sales Price October Average Sales Price Total Properties Currently for Sale (Inventory) October Number of Properties Sold October Average Days on Market (Solds) October Month's Supply of Inventory October Sale Price vs List Price Ratio Property Sales Prices Inventory & MSI The Total Inventory of Properties available for sale as of October was 1,552, down 1.5% from 1,576 last month and down 11.9% from 1,761 in October of last year. October 2010 Inventory was at its lowest level compared with October of 2009 and 2008. The Median Sales Price in October was $310,000, down 4.6% from $325,000 in October of 2009 and up 12.2% from $276,400 last month. The Average Sales Price in October was $336,447, down 8.8% from $369,058 in October of 2009 and down 2.1% from $343,710 last month. October 2010 ASP was at the lowest level compared to October of 2009 and 2008. Trending versus*: * LM=Last Month / L3M=Last 3 Months / PYM=Sa me Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are highe r (up), lower (down) or unchanged (flat) Number of Properties Sold October Property sales were 79, down 4.8% from 83 in October of 2009 and 3.9% higher than the 76 sales last month. October 2010 sales were at a mid level compared to October of 2009 and 2008. October YTD sales of 716 are running 6.9% ahead of last year's year-to-date sales of 670. 88.0% 24.5 Copyright © Coldwell Banker Re sidential Br okerage | Price Ra nge: All | Property Types: Condo - TwnHm Data is provided courtesy of Metropolitan Regional Information Services Incorpor ated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker Residenti he accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction Total Inventory & Month's Supply of Inventory (MSI) A comparatively lower MSI is more beneficial for sellers while a higher MSI is better fo r buyers. The October 2010 MSI of 19.6 months was at its lowest level compared with October of 2009 and 2008. 19.6 Month YTD 201 $295,000 $335,617 79 163 Trending versus*: 716 City: Ocean City Median Sales Price and Average Sales Price MARKET ACTION REPORT 92.1% $325,000 $381,363 $310,000 $336,447 1,552 7 0 4 9 3 6 3 9 7 8 7 9 7 9 6 9 4 8 6 0 6 3 3 9 4 7 2 6 4 1 8 0 6 4 6 8 7 5 8 3 7 5 7 5 6 1 6 2 3 8 5 7 8 1 7 7 8 2 8 1 8 4 6 1 7 6 5 7 8 3 7 9 0 10 20 30 40 50 60 70 80 90 N 07 D J 08 FMA MJ J ASO NDJ 09 FM AMJJ ASON DJ 10 FMA MJ JASO 200 250 300 350 400 450 500 550 600 N 07 D J 08 FMA MJ JA SO NDJ 09 FMA MJ J ASON DJ 10 FMA MJ J ASO Median means Middle (the same # of properties sold above and below the Median) MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace 2 , 1 6 8 2 , 0 9 6 2 , 1 1 3 2 , 1 9 0 2 , 2 4 9 2 , 2 6 8 2 , 2 4 0 2 , 0 7 2 2 , 0 4 9 2 , 0 3 8 2 , 0 3 7 1 , 9 6 0 1 , 8 4 5 1 , 8 0 9 1 , 8 2 5 1 , 8 5 4 1 , 8 2 5 1 , 7 8 2 1 , 7 2 4 1 , 7 1 2 1 , 6 6 0 1 , 6 2 1 1 , 7 6 7 1 , 7 1 8 1 , 6 9 3 1 , 6 7 9 1 , 7 1 5 1 , 7 3 3 1 , 7 2 0 1 , 6 6 1 1 , 6 3 9 1 , 6 0 6 1 , 5 7 6 1 , 5 5 2 1 , 7 6 1 2 , 0 1 4 0 500 1,000 1,500 2,000 2,500 N 07 D J 08 FM AMJJ ASO NDJ 09 FM AMJJ ASO NDJ 10 FM AMJJ ASO 0 10 20 30 40 50 60 70 80 (000's) 3 Mo Avg 3 Mo Avg Kevin & Monica McNamara Associate Broker www.Ocean-CitySales.com 410-723-6200 www.Facebook.com/OceanCityMdRealEstate