The document provides market data and trends for residential real estate in Atlantic County, New Jersey from 2001 to 2009. It includes the following key points: - New listings have declined since peaking in 2008 while sold listings have remained relatively stable, resulting in higher inventory levels. - The median sale price peaked at $279,418 in 2007 but has since declined to $223,040 in 2009. - The number of units sold has also declined from a high of 2,607 in 2005 to 1,251 in 2009. - As of January 2010, the months of supply was estimated to be 16.82 months for residential properties and 20.63 months for condominiums based on current inventory

1. Market Report
Ending December 2009

2. 18 Month Trend - New Listings vs. Sold Listings - Residential -
SJSRMLS
1000
900 855 843 861 858
785 805
776 762 778 757
800 731
721 707
687
700
606 587
600 530
506
500
400 357 346 342
307 315 297
264 273 264 262
300 230
223 201 214
181 190 192
200
119
100
3.83 3.19 2.64 3.01 2.36 6.60 3.80 4.24 3.37 2.89 2.53 2.41 2.11 2.40 2.07 1.98 2.02 4.47
0
Listed Sold Ratio

3. Atlantic County
End of Year 2009

4. Sold Properties
Relative to Sale Price
Atlantic County Mainland - Residential
300,000
279,418 279,181
263,766
251,624 3100
250,000
223,040
215,202
200,000
180,956 2600
2607
2538
155,267
150,000 2385
136,907
2265
2177 2100
2138
100,000
1767
1600
50,000
1435
1251
0 1100
2001 2002 2003 2004 2005 2006 2007 2008 2009
Price Sold Units

5. Active Inventory – Entire County

6. Activity – Entire County – January 2010
Activity – Entire County – January – December 2009

7. Activity – Entire County – January 2010
Activity – Entire County – January 2009

8. Mainland Communities

9. Active Inventory – Mainland Communities

10. Activity – Mainland Communities– January 2010
Activity – Mainland Communities – January – December 2009

11. Activity – Mainland Communities – January 2010
Activity – Mainland Communities – January 2009

12. Absorption Rates January 2010 – Mainland –
Months of Supply
Residential – 1666 active – 99 Sold – 16.82 months supply
106 Sold – 14.86 months supply December
121 Sold – 14 months supply November
156 sold – 11 months supply October
139 sold – 12.95 months supply September
128 sold – 14.47 months supply August
127 sold – 14.66 months supply July
147 sold – 12.69 months supply June
Condominium – 392 active – 19 Sold – 20.63 months supply
15 Sold – 25.2 months supply December
45 Sold – 8.86 months supply November
31 sold – 12.32 months supply October
20 sold – 19.4 months supply September
14 sold – 29.43 months supply August
35 sold – 12.31 months supply July
32 sold – 13.59 months supply June