Springboro Market Update for August 27th 2008

Out of 412 Homes currently on the market, there are still 157 homes listed from $250,000.00 to $400,000.00 thus accounting for close to 40% of all homes currently listed in the BORO. Interestingly enough if you were to look at the average home price in Springboro in 2003 and compare it to 2008 it actually shows a rate of APPRECIATION of 3%. That number is decieving however in that we're still seing price drops of $60,000.00 to $100,000.00 in homes originally priced in the $400,000.00 to $600,000.00 price range. The past few months those kind of price drops have leveled out - fortunatlely for the sellers and the market as a whole and in the Boro we seem to be at or getting close to our markets bottom. Only time will tell but I will continue to keep you informed. As always if you have any questions regarding these market numbers or if you want help pricing your home simply give me a call at 937-902-0191.

Active: 412

Pending: 42

Sold: 216

Other: 230

Total: 900

	Bedrooms	Bathrooms	Square Feet	List Price	Selling Price	Days on Market
Minimum	1	0.00	0	$0	$7,000	0
Average	4	0.00	2,731	$315,062	$270,009	136
Median	4	3.00	2,016	$269,900	$235,375	106
Maximum	8	0.00	8,707	$1,400,000	$1,275,000	892
Total Dollar Value					$58,321,972

Average DOM Breakdown and Average % of List Price received on Solds by Market time:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	10	48	33	29	96
Breakdown %	4.63	22.22	15.28	13.43	44.44
Avg SP % LP	95.70	97.86	95.84	96.72	95.53

Active Listing Price Range Quantity Average DOM $80,000 thru $89,999 1 310 $100,000 thru $119,999 5 114 $120,000 thru $139,999 25 141 $140,000 thru $159,999 8 100 $160,000 thru $179,999 25 103 $180,000 thru $199,999 25 78 $200,000 thru $249,999 77 122 $250,000 thru $299,999 64 134 $300,000 thru $349,999 57 145 $350,000 thru $399,999 36 149 $400,000 thru $449,999 15 92 $450,000 thru $499,999 21 138 $500,000 thru $549,999 8 108 $550,000 thru $599,999 11 167 $600,000 thru $649,999 7 181 $650,000 thru $699,999 2 31 $700,000 thru $749,999 5 106 $750,000 thru $799,999 6 104 $800,000 thru $849,999 5 106 $850,000 thru $899,999 5 137 $950,000 thru $999,999 2 47 $1,250,000 thru $1,499,999 2 63 412 127

Summary Price Information Minimum $84,900 Maximum $1,284,000 Average $330,638 Median $279,900

Pending Listing Price Range Quantity Average DOM $50,000 thru $59,999 1 41 $60,000 thru $69,999 1 34 $90,000 thru $99,999 1 84 $100,000 thru $119,999 3 71 $140,000 thru $159,999 3 17 $160,000 thru $179,999 2 114 $180,000 thru $199,999 5 88 $200,000 thru $249,999 9 98 $250,000 thru $299,999 6 64 $300,000 thru $349,999 6 128 $350,000 thru $399,999 1 366 $500,000 thru $549,999 1 20 $600,000 thru $649,999 2 114 $750,000 thru $799,999 1 12 42 89

Summary Price Information Minimum $58,000 Maximum $795,000 Average $259,812 Median $221,400

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2008 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 08/28/08 at 1:36pm

Property Type Residential Property Subtype Single Family Transaction Type Sale Area Spring-Clearcreek SD Statuses Active, Pending (3/1/2008 or after) , Expired (3/1/2008 or after) , Sold (3/1/2008 or after)

Sold Selling Price Range Quantity Average DOM $19,999 or under 1 101 $70,000 thru $79,999 2 41 $90,000 thru $99,999 4 117 $100,000 thru $119,999 8 104 $120,000 thru $139,999 10 113 $140,000 thru $159,999 10 113 $160,000 thru $179,999 18 83 $180,000 thru $199,999 17 135 $200,000 thru $249,999 51 126 $250,000 thru $299,999 37 141 $300,000 thru $349,999 15 202 $350,000 thru $399,999 13 138 $400,000 thru $449,999 9 166 $450,000 thru $499,999 6 112 $500,000 thru $549,999 3 132 $550,000 thru $599,999 4 189 $600,000 thru $649,999 2 497 $650,000 thru $699,999 2 96 $700,000 thru $749,999 2 199 $750,000 thru $799,999 1 24 $1,250,000 thru $1,499,999 1 65 216 134

Summary Price Information Minimum $7,000 Maximum $1,275,000 Average $270,009 Median $235,375

Expired Listing Price Range Quantity Average DOM $70,000 thru $79,999 2 99 $100,000 thru $119,999 3 207 $120,000 thru $139,999 11 79 $140,000 thru $159,999 7 104 $160,000 thru $179,999 15 138 $180,000 thru $199,999 18 120 $200,000 thru $249,999 44 169 $250,000 thru $299,999 30 157 $300,000 thru $349,999 22 155 $350,000 thru $399,999 21 168 $400,000 thru $449,999 16 163 $450,000 thru $499,999 10 240 $500,000 thru $549,999 9 195 $550,000 thru $599,999 6 252 $600,000 thru $649,999 2 183 $650,000 thru $699,999 1 326 $700,000 thru $749,999 3 131 $750,000 thru $799,999 3 377 $800,000 thru $849,999 1 508 $850,000 thru $899,999 2 108 $900,000 thru $949,999 3 195 $1,250,000 thru $1,499,999 1 319 230 165

Summary Price Information Minimum $74,900 Maximum $1,299,000 Average $329,396 Median $278,700