South Windsor Market Report January 2010

Property Sales
January Property sales were 11, down -26.7% from 15 in January of 2009 and -50.0% lower than the 22 sales last month. January 2010 sales were at their lowest level compared to January of 2009 and 2008. January YTD sales of 11 are running -26.7% behind last year's year-to-date sales of 15.

Inventory vs MSI
The Total Inventory of Properties available for sale as of January was 130, up 6.6% from 122 last month and down - 3.0% from 134 in January of last year. January 2010 Inventory was at its lowest level compared with January of 2009 and 2008.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2010 MSI of 11.8 months was at its highest level compared with January of 2009 and 2008.

Selling Price vs Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The January 2010 Selling Price vs Original List Price of 91.8% was down from 92.6% last month and down from 93.0% in January of last year.

Inventory - New Listings - Sales
This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in January 2010 was 45, up 150.0% from 18 last month and up 32.4% from 34 in January of last year.