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Monday November 16, 2009

Fidelity's Executive Summary

SHERWOOD, OR Single Family Homes

This Week The median list price in SHERWOOD, OR this week is $399,900.

Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Real-Time Market Profile

Trend

Median List Price $ 399,900 Asking Price Per Square Foot $ 167 Average Days on Market (DOM) 156 Percent of Properties with Price Decrease 37 % Percent Relisted (reset DOM) 14 % Percent Flip (price increased) 3% Median House Size (sq ft) 2442 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 4.0

≠≠ ±+ ≠≠

Median Number of Bathrooms

Supply and Demand

Market Action Index

±+

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

No change

2.5

Strong Buyer's

14.7

==

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Price

Market Action Index

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles

7-Day Rolling Average

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Top/First

$ 999,999

4292

Upper/Second

$ 475,000

Lower/Third Bottom/Fourth

Lot Size

90-Day Rolling Average

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Beds

Baths

Age Inventory New Absorbed DOM

5.0 - 10 acres

4.0

3.5

16

43

0

0

252

Most expensive 25% of properties

2871

0.50 - 1.0 acre

4.0

2.5

18

43

1

1

144

Upper-middle 25% of properties

$ 349,900

2335

4,501 6,500 sqft

4.0

2.5

10

43

3

2

122

Lower-middle 25% of properties

$ 259,900

1620

4,501 6,500 sqft

3.0

2.0

12

43

1

3

108

Least expensive 25% of properties

Compliment of Fidelity National Title Company

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Sherwood Market Update