SEPTEMBER 2006 CURRENT RMLS STATISTICS MARKET UPDATE

80       Average days on market

43%    More listing on the market than 1 year ago totaling 60663.

41%    Of the inventory that has sold in last 30 days has had a price adjustment

5.3    Months Absorption Rate=the time it would take for all the listings to sell if no more homes were put on the market

8      For every sale that takes place, there are 6 more homes that haven’t sold 
 
18     Showings for every home that sells (From Edina Realty appt center statistics)