STATE OF THE MARKET JANUARY 27, :30 PM

+

+5.7% (+322)

# Sold Whole Market + 5.7% Resale Market? New Construction ? +14.5% % (+332)

EXISTING HOMES SALE BY THE NUMBERS

18% - Below $50,000 (+ 561) 78% - Below $180,000 28% Foreclosure Sales Median $/S.F. - $73/S.F % (Avg $72,000 at avg $45/s.f.) Median Price - $117,000 Median S.F s.f % -0.67%

78% of all Sales Residential Sales are Below $180,000

6Months

We are selling 368 Resales/Month!

3,412 Houses for Sale Today

3,412 Houses for Sale today Selling 368 Houses/Month 3,412/368 = 9.27 Months 6 Months is a Balanced Mkt 368 X 6 = 2,172 Houses 3,412 – 2,172 = 1,213 Too Much! 56% Too Many Houses!

3,412 Actives 368 Sales Per Month 56% Too Much! SUPPLY DEMAND

Residential Resale Prices

DAYS ON MARKET Top 50% DOM Bottom 50% DOM

NEW CONSTRUCTIN BY THE NUMBERS

(- 252) 93% - Below $300,000 83% - Between 160k and $300k Median $/S.F. - $89/S.F % Median Price - $216,000 Median S.F s.f % +1.30%

93% of All New Construction Sales happen Below $300,000

New Construction Prices 2014 $89

2015

The Important Numbers!

Existing Supply! 56% Too Much!

6 Months is a Balanced Mkt 368 X 6 = 2,172 Houses 3,412 – 2,172 = 1,213 Too Much! 56% Too Many Houses!

Land Costs Development Costs Material & Labor New Construction

RealtyTrac – Gen Y (1980)

Great Prices! Historic Low Interest Rates!

Lose 16,000 military and civilian personnel by 2020 under the worst-case scenario. Fayetteville economy could lose 21,500 jobs Cause more than 40,000 people to move from the Fayetteville area according to the same study.