The Total Inventory of Properties available for sale as of May was 428, down -1.8% from 436 last month and down -15.9% from 509 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 $349,375, down - 30.1% from $500,000 in May of 2009 and down - 20.8% from $441,250 last month. The Average Sales Price in May was $532,784, up 2.3% from $520,781 in May of 2009 and down -7.4% from $575,438 last month. May 2010 ASP was at a mid range compared to May of 2009 and 2008. May Property sales were 40, up 48.1% from 27 in May of 2009 and -16.7% lower than the 48 sales last month. May 2010 sales were at their highest level compared to May of 2009 and 2008. May YTD sales

of 151 are running 128.8% ahead of last year's yearto- date sales of 66.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2010 MSI of 10.7 months was at its lowest level compared with May of 2009 and 2008.

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 83.2% was down from 84.6% last month and down from 83.3% in May of last year.

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 151, up 12.7% from 134 days last month and up 42.5% from 106 days in May of last year. The May 2010 DOM was at a mid level compared with May of 2009 and 2008.

MARKET ACTION REPORT