Overview of Current Market Conditions

The following charts show the changes that have taken place in the Smithfield real estate market between 2006 and 2009. The first chart shows the median sale price for a single family home, both in 2006 and 2009. (The median sale price is the middle of the range of actual selling prices from the lowest to the highest. The median is used instead of an average because the average gives higher weight to the higher priced properties, the median gives equal weight to all sales.)

The second chart shows the change in the median selling price of a single-family home over the last 12 months leading up to 12/31/2009. The last chart shows the change in the number of single-family transactions over the same 12 months.



2006 vs 2009 Median Sale Price Comparison (Single Family Homes)


Changes in selling prices for Single Family Homes by Date Quarter


Changes in number of Single Family Sales by Quarter