1 month			1 year			15 months
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Feb 09	Apr 10	% Change
For Sale	427	440	3%	478	440	-7.9%	437	440	0.7%
Sold	6	8	33.3%	3	8	166.7%	4	8	100%
Pended	7	15	114.3%	5	15	200%	6	15	150%

The below graph depicts the average DOM (days on market) and the average sold to list price ratio.  In other words based on April data, sellers of vacant land might expect to receive, on average, 90% of the list price when their property sells.

1 month			1 year			15 months
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Feb 09	Apr 10	% Change
Days on Market	111	195	75.7%	213	195	-8.5%	87	195	124.1%
Sold/List Diff. %	87	90	3.4%	90	90	0%	88	90	2.3%

The next graph reflects the average CDOM (cumulative days on market) and the sales price to original list price ratio.  As you can see according to April sales data, sellers of vacant land received, on average, 84% of the list price when their property sold.  This tells us that the longer the property remains on the market, the less the seller might expect to receive when their property sells.  The key is to price it right at the beginning.

  

1 month			1 year			15 months
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Feb 09	Apr 10	% Change
Avg CDOM	139	194	39.6%	208	194	-6.7%	330	194	-41.2%
Sold/Orig LP Diff. %	88	84	-4.5%	58	84	44.8%	55	84	52.7%

The following chart shows the average list price and the average sold price of vacant land listings.

The following graph shows the median price of vacant land listings which have been sold in the past 15 months.  Simply stated, the median price is the price in the middle, as opposed to the "average" price which takes the selling prices of all vacant land sold, adds them together and divides the total by the number of vacant land sales.

The next graph shows Months of Inventory based on "Pended" sales, if no new listings come on the market.  We are still looking at an almost 2 1/2-year supply of vacant land listings.  If you are considering selling vacant land, you may want to wait for a better market if you can.  If you can't wait, you will want to price it right to sell in the market in which we currently find ourselves. 

The final graph shows Months of Inventory based on "Closed Sales" information, if no new listings come on the market.  Though the number of "Active" listings in February was only six more than January, because there was only one closed sale in February it really skews the months of inventory for that month!  Thankfully "Pending" sales have increased and the number of listings has decreased, thereby dropping the months of inventory on hand based on April's sales figures.