The Total Inventory of Properties available for sale as of May was 249, down -2.0% from 254 last month and down -7.8% from 270 in May of last year. May 2010 Inventory was at its lowest level compared with May of 2009 and 2008.

The Median Sales Price in May was $444,150, up 29.5% from $343,000 in May of 2009 and up 34.6% from $330,000 last month. The Average Sales Price in May was $403,152, down -3.7% from $418,500 in May of 2009 and up 12.9% from $357,083 last month. May 2010 ASP was at the lowest level compared to May of 2009 and 2008. May Property sales were 24, up 20.0% from 20 in May of 2009 and the same as the 24 sales last month. May 2010 sales were at their highest level compared to May of 2009 and 2008. May YTD sales of 89 are running 45.9% ahead of last year's year-to-date sales of 61.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2010 MSI of 10.4 months was at its lowest level compared with May of 2009 and 2008. 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 May was 148, up 89.7% from 78 days last month and down -4.5% from 155 days in May of last year. The May 2010 DOM was at its lowest level compared with May of 2009 and 2008.

MARKET ACTION REPORT

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 May 2010 Selling Price vs Original List Price of 88.3% was down from 89.4% last month and up from 85.2% in May of last year.