The Market in SIMPLE English

Eagles,

Click here and you will find an updated graphic that I believe paints a good picture of our LOCAL real estate market.

In this attachment, you see the relationship between two items - The number of agent in our company - RE/MAX Regency, and the number of closings we have each month, since January 2000.

The average RE/MAX agent produces about 24 transactions per year - or two closings a month. You see this average stand on this chart from it beginning till September 2005. This is when our real estate market really fell off, and you can see this clearly happening in our company, as it did in our industry.

You can see just how we were experiencing real recovery last summer, and we were beginning to take off last July and August - but then we had our nations leadership last fall saying we need "700 Billion Dollars by Friday, or else...." While our sales did drop again last fall, and into the January and February, our real estate market is still much stronger this year than it was last year.

As of April, our settlement activity is back up to an average of every agent having one closing a month. Over the past few weeks, we have experienced our contract activity DOUBLE in our company, and as those contracts work their way to closings, we should see our settlement activity be back to near the two closings per agent per month level in the next couple of months.

I think this is a great graphic for you to see and understand our market, and just how our market has and continues to improve. Further, this is a great indicator to show your clients the history of our real estate market and to show the recovery we are currently experiencing.

Please let me know what questions or comments you have.

Thanks,

Chuck