Patterson home price update.

Check out the latest trend, it seems like inventory is shrinking & price is stablizing at the current level.

Date	12/07	1/08	2/08	3/08	4/08	5/08	6/08	7/08	8/08	9/08	10/08	11/08	12/08	1/09	2/09
For Sale	316	342	347	335	329	320	309	304	294	286	281	286	247	218	207
Sold	10	16	21	31	32	48	58	70	69	76	75	73	82	65	65
Pended	26	30	36	40	84	71	81	88	87	91	90	64	82	87	92
Months of Inventory based on Closed Sales	31.6	21.4	16.5	10.8	10.3	6.7	5.3	4.3	4.3	3.8	3.7	3.9	3.0	3.4	3.2
Months of Inventory based on Pended Sales	12.2	11.4	9.6	8.4	3.9	4.5	3.8	3.5	3.4	3.1	3.1	4.5	3.0	2.5	2.3
Avg. Active Price	312	296	288	272	246	235	224	218	192	182	181	181	180	173	174
Avg. Sld Price	254	239	237	204	230	207	200	179	184	192	151	148	148	123	163
Avg. Sq. Ft. Price	133	135	129	119	121	118	110	107	107	108	95	92	88	81	90
Sold/List Diff. %	92	98	96	98	97	98	97	100	101	99	101	101	99	99	101
Sold/Orig LP Diff. %	85	88	89	87	86	87	86	91	97	90	93	96	95	94	94
Days on Market	103	71	65	82	87	66	71	48	40	52	40	35	36	43	43
Avg CDOM	0	0	0	0	130	115	105	81	58	84	55	61	65	68	70
Median Price	248	216	228	190	203	184	178	169	177	178	140	140	131	110	150

*All reports are published Mar. 2009, based on data available at the end of Feb. 2009.  All reports presented are based on data supplied by Metrolist MLS. Metrolist MLS does not guarantee or is in anyway responsible for its accuracy. Data maintained by Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.