Market Trend Reports

“One of our goals at The Schimmel Group Home Selling Team is to help our clients make better decisions with respect to important things like buying or selling a home by having all the facts and information they need at hand and that includes keeping them well informed about current market conditions in their area. As part of our effort to accomplish that goal, please find below a copy of our latest Lehigh Valley Market Trends report. We publish this data to provide detailed insight into the inner workings and trends for the real estate marketplace in the Lehigh Valley area."

If you have any questions about this report (see the definitions below), the housing market in general or more information about your specific home buying or selling needs, please give me a call at (610) 428-1444.

	Active Listing	New Const	Pendings	Pending Ratio	Number of Expired Listings Last Twelve Mos.	Number of Closings Last Twelve Months	Sold /Mo	Invent. (Mos.)	Average List Price (Sold Homes)	Average Sold Price	List to Sales Ratio Overall	Days on Mkt.
0-49,999	69	0	20	29.0%	57	134	11.17	6.2	$41,565.00	$ 34,743.00	83.6%	98
50,000- 74,999	168	0	24	14.3%	156	195	16.25	10.3	$67,786.00	$ 61,824.00	91.2%	102
75,000- 99,999	268	0	54	20.1%	333	248	20.67	13.0	$92,820.00	$87,523.00	94.3%	104
100,000- 124,999	269	2	53	19.7%	314	402	33.50	8.0	$118,110.00	$113,228.00	95.9%	94
125,000- 149,999	335	2	70	20.9%	380	550	45.83	7.3	$142,029.00	$137,700.00	97.0%	88
150,000- 174,999	336	14	74	22.0%	400	629	52.42	6.4	$167,360.00	$162,246.00	96.9%	88
175,000- 199,999	376	21	86	22.9%	502	711	59.25	6.3	$192,783.00	$186,739.00	96.9%	103
200,000- 249,999	608	61	121	19.9%	693	939	78.25	7.8	$230,415.00	$222,794.00	96.7%	112
250,000- 299,999	433	72	66	15.2%	574	547	45.58	9.5	$282,194.00	$273,007.00	96.7%	124
300,000- 349,999	345	84	55	15.9%	374	394	32.83	10.5	$332,783.00	$321,766.00	96.7%	130
350,000- 399,999	312	98	29	9.3%	358	264	22.00	14.2	$383,342.00	$371,374.00	96.9%	147
400,000- 449,999	144	37	14	9.7%	162	137	11.42	12.6	$436,947.00	$419,591.00	96.0%	169
450,000- 499,999	134	41	13	9.7%	183	81	6.75	19.9	$488,964.00	$471,476.00	96.4%	184
500+	388	138	30	7.7%	386	188	15.67	24.8	$698,996.00	$663,781.00	95.0%	204
Market Totals	4185	570	709	16.9%	4872	5419	452	9.3	$3,676,094.00	$ 3,527,792.00	96.0%	124.786
Information obtained from the Lehigh Valley Association of Realtors MLS deemed reliable but not guaranteed										The Schimmel Group 2/23/2009

If you or someone you know is interested in becoming a Real Estate Professional and joing one of the Top Real Estate Teams, check out www.StartingACareerInRealEstate.com

If you know of anyone that would benefit from this report please have them check out www.LehighValleyMarketTrend.com

Thanks,

Anthony Schimmel

This information is obtained from the LVAR MLS and deemed reliable but not guaranteed. We publish the Lehigh Valley Market Overview weekly to provide detailed insight into the inner workings and trends for the real estate marketplace in the Lehigh Valley area. If you have any questions or comments, please send us an e-mail.

The Schimmel Group Report - Lehigh Valley Total Market Overview Report Definitions

Active Listings: Active listings in Lehigh Valley (MLS).

Pendings: Listings which have received an acceptable offer from a buyer and are on the way to closing.

Pending Ratio: Pendings / Active Listings (by price range)

Expired Listings: Listings which have been ‘rejected by the market’ in the past six months. This is a rolling twelve-month (we calculate by going back 365 days from the date of the report) set of listings which were listed for sale and ‘rejected’ by the market and the sellers decided to pull or withdraw them and take them off the market.

Closings: These are homes which were listed for sale, received an offer and closed with a new buyer. This is a twelve-month rolling total (365 days back) of all homes sold.

Sold/Mo: Number of houses sold over twelve-months (365 day period).

Months Inventory: Active Listings divided by Sold/Month. Note: Although many months of listings show for any price range, the average days on the market is normally significantly lower. This is due to the fact that there are normally a substantial amount of homes that are mis-priced or grossly overpriced. Days on Market is driven by the homes that actually sell vs. Months of Inventory.

Average List / Sold Price: These are the averages for all homes that have sold in the past 365 days. MLS Data calculated for the average list and sales price for every home sold in the respective price range.

List to Sales Ratio: Average List Price / Average Sales Price

Days on Mkt.: Average days the homes in the price range that sold over the 365 day period.