Supply of Homes on the Market

SUPPLY OF HOMES ON THE MARKET

November 15, 2011 to February 15, 2012

This shows how many months supply of houses are on the market. We have taken how many sold

during the past three months and then divided it by the number of homes currently on the market.

Price Range	Months Supply	Last Months Supply	Supply 3 Months Ago
$1,000-$100,000	6.3 Months	6.1 Months	4.0 Months
$100,000-$150,000	5.8 Months	5.5 Months	3.3 Months
$150,000-$200,000	8.1 Months	6.2 Months	4.2 Months
$200,000-$250,000	10.0 Months	7.3 Months	4.7 Months
$250,000-$300,000	12.2 Months	7.1 Months	4.7 Months
$300,000-$350,000	16.0 Months	10.9 Months	6.0 Months
$350,000-$400,000	9.0 Months	8.3 Months	5.3 Months
$400,000-$450,000	9.9 Months	12.7 Months	11.5 Months
$450,000-UP	18.0 Months	19.3 Months	20.0 Months

The supply of home has increased in all price ranges but 2. That is still pretty normal as it is normal for us to get more listings at this time of year. The 30-year interest rates are now 3.75% and the 15 year rates are 3.125%. FHA (low down payment with no origination fee) 30 year is 3.5%. South Dakota Housing is 4.125% for first time buyers. (Quotes from Brian Spaans of First Bank & Trust) Those are super rates; they have decreased slightly again. What are you going to do to take advantage of today’s great rates and values? Call us!

The HousesByHarlan Team is here to serve you in all of your Real Estate needs. Give us a call to see how these low mortgage rates could benefit you!!