2011 2012 + / – 2011 2012 + / –

New Listings 64 52 - 18.8% 64 52 - 18.8%

Closed Sales 29 22 - 24.1% 29 22 - 24.1%

Median Sales Price* $100,000 $142,250 + 42.3% $100,000 $142,250 + 42.3%

Average Sales Price* $136,767 $155,542 + 13.7% $136,767 $155,542 + 13.7%

Price Per Square Foot* $69 $77 + 10.7% $69 $77 + 10.7%

Percent of Original List Price Received* 87.7% 94.3% + 7.6% 87.7% 94.3% + 7.6%

Days on Market Until Sale 149 133 - 10.8% 149 133 - 10.8%

Inventory of Homes for Sale 227 145 - 36.1% -- -- --

Months Supply of Inventory 6.7 4.0 - 40.5% -- -- --

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

- 18.8% - 24.1% + 42.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

January Year to Date

Farmington

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

64

52

Year to Date 2011 2012

64

52

January 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 February 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

Farmington

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

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

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

a

2922

New Listings Closed Sales- 24.1%- 18.8%

2922

New Listings Closed Sales- 24.1%- 18.8%

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