2011 2012 + / – 2011 2012 + / –

New Listings 134 100 - 25.4% 1,176 1,044 - 11.2%

Closed Sales 92 80 - 13.0% 701 777 + 10.8%

Median Sales Price* $175,000 $205,100 + 17.2% $155,000 $170,500 + 10.0%

Average Sales Price* $206,183 $220,507 + 6.9% $183,527 $201,778 + 9.9%

Price Per Square Foot* $92 $98 + 5.5% $88 $94 + 6.7%

Percent of Original List Price Received* 94.0% 97.2% + 3.4% 92.0% 95.7% + 4.0%

Days on Market Until Sale 108 88 - 18.4% 137 101 - 26.8%

Inventory of Homes for Sale 416 241 - 42.1% -- -- --

Months Supply of Inventory 5.5 2.7 - 50.9% -- -- --

Local Market Update – September 2012 A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS®

- 25.4% - 13.0% + 17.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

September Year to Date

Blaine

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

1,1761,044

Year to Date 2011 2012

134

September 2011 2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales

during that period | Current as of October 8 2012 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union www rcu org

Twin Cities Region

Blaine

- 30%

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

701 777

New Listings Closed Sales+ 10.8%- 11.2%

9210080

New Listings Closed Sales- 13.0%- 25.4%

during that period. | Current as of October 8, 2012. All data from Regional Multiple Listing Service, Inc. | Powered by 10K Research and Marketing. | Sponsored by Royal Credit Union www.rcu.org