Market Absorption Rates for Northern Virginia & DC Regions for December

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Northern Virginia Available UC Abs Rate

< $100,000 20 18 1.11

$100,000–$199,999 164 88 1.86

$200,000-$299,999 385 149 2.58

$300,000-$399,999 515 151 3.41

$400,000-$499,999 404 82 4.93

$500,000-$599,999 351 73 4.81

$600,000-$699,999 251 49 5.12Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of

Alexandria, Fairfax & Falls Church. January 23, 2011

Northern Virginia Available UC Abs Rate

$700,000-$799,999 195 32 6.09

$800,000-$899,999 136 16 8.50

$900,000-$999,999 91 14 6.50

$1M -$1.49M 270 16 16.88

$1.5M -2.49 180 7 25.71

$2.5 million + 108 3 36.00

Overall 3,070 698 4.40Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. January 23, 2011

Avg. SP- -1.91%

Units Sold- -12.38%

DOM- +9.68% to 68 days

Source: MRIS, Inc. January 23, 2011

Avg. SP- +2% $476,085Units Sold- -13% 16,704DOM- +18% 62.50 daysInventory- -22% 3,070SP/ LP- 95.75%

Source: MRIS, Inc. January 23, 2011

PW & Loudoun Available UC Abs Rate

< $100,000 18 5 3.60

$100,000–$199,999 153 130 1.18

$200,000-$299,999 413 150 2.75

$300,000-$399,999 477 101 4.72

$400,000-$499,999 456 61 7.48

$500,000-$599,999 331 25 13.24

$600,000-$699,999 206 20 10.30Source: MRIS, Inc. January 23, 2011

PW & Loudoun Available UC Abs Rate

$700,000-$799,999 97 9 10.78

$800,000-$899,999 68 4 17.00

$900,000-$999,999 39 2 19.50

$1M -$1.49M 61 5 12.20

$1.5M -2.49 34 1 34.00

$2.5 million + 34 0 0

Overall 2,387 513 4.65Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. January 23, 2011

No. VA Current Dec 2010 VarAvailable 3,087 3,787 -18%

UC Last 30 Days 698 1,217 -43%

Sold Last 30 Days 1,286 1,465 -12%

Absorption Rate 4.42 3.11As of January 23, 2011

Fairfax Co. Current Dec 2010 VarAvailable 2,184 2,606 -16%

UC Last 30 Days 529 872 -39%

Sold Last 30 Days 932 1,068 -13%

Absorption Rate 4.13 2.99As of January 23, 2011

Avg. SP- -2.29%

Units Sold- -15.07%

DOM- +7.94% to 68 days

Source: MRIS, Inc. January 23, 2011

Alexandria City Current Dec 2010 VarAvailable 359 532 -36%

UC Last 30 Days 73 143 -29%

Sold Last 30 Days 139 157 -3%

Absorption Rate 3.89 4.28As of January 23, 2011

SELLERS

MARKET

Arlington Co. Current Dec 2010 VarAvailable 439 514 -19%

UC Last 30 Days 81 163 -49%

Sold Last 30 Days 178 206 -6%

Absorption Rate 4.85 3.08As of January 23, 2011

Fairfax Current Dec 2010 VarAvailable 248 340 -27%

UC Last 30 Days 63 128 -51%

Sold Last 30 Days 118 135 -13%

Absorption Rate 3.94 2.66As of January 23, 2011

SELLERS

MARKET

Fairfax Station Current Dec 2010 VarAvailable 64 47 +36%

UC Last 30 Days 5 12 -58%

Sold Last 30 Days 14 14 0%

Absorption Rate 12.80 3.92As of January 23, 2011

Clifton Current Dec 2010 VarAvailable 58 44 +32%

UC Last 30 Days 6 9 -33%

Sold Last 30 Days 8 13 -38%

Absorption Rate 9.67 4.89As of January 23, 2011

Herndon Current Dec 2010 VarAvailable 80 92 -13%

UC Last 30 Days 31 48 -35%

Sold Last 30 Days 69 68 +1%

Absorption Rate 2.58 1.92As of January 23, 2011

SELLERS

MARKET

Sterling Current Dec 2010 VarAvailable 130 168 -23%

UC Last 30 Days 48 112 -57%

Sold Last 30 Days 93 84 +11%

Absorption Rate 2.71 1.50As of January 23, 2011

SELLERS

MARKET

Vienna/ Oakton Current Dec 2010 VarAvailable 215 235 -9%

UC Last 30 Days 30 57 -47%

Sold Last 30 Days 69 84 -18%

Absorption Rate 7.17 4.12As of January 23, 2011

Ashburn Current Dec 2010 VarAvailable 258 270 -4%

UC Last 30 Days 43 105 -59%

Sold Last 30 Days 125 111 +13%

Absorption Rate 6.00 3.75As of January 23, 2011

Reston Current Dec 2010 VarAvailable 110 123 -11%

UC Last 30 Days 40 73 -45%

Sold Last 30 Days 62 100 -38%

Absorption Rate 2.75 1.68As of January 23, 2011

SELLERS

MARKET

Centreville Current Dec 2010 VarAvailable 95 157 -39%

UC Last 30 Days 49 74 -34%

Sold Last 30 Days 74 84 -12%

Absorption Rate 1.94 2.12As of January 23, 2011

SELLERS

MARKET

DC Current Dec 2010 VarAvailable 1,655 2,265 -27%

UC Last 30 Days 298 468 -36%

Sold Last 30 Days 514 483 +6%

Absorption Rate 5.55 4.84As of January 23, 2011

Prince William Current Dec 2010 VarAvailable 1,091 1,383 -21%

UC Last 30 Days 311 485 -36%

Sold Last 30 Days 457 493 -7%

Absorption Rate 3.51 2.85As of January 23, 2011

SELLERS

MARKET

Loudoun Co. Current Dec 2010 VarAvailable 1,295 1,280 +1%

UC Last 30 Days 201 382 -47%

Sold Last 30 Days 396 405 -2%

Absorption Rate 6.44 3.35As of January 23, 2011

GPAAR Current Dec 2010 VarAvailable 1,206 1,184 +2%

UC Last 30 Days 108 131 -18%

Sold Last 30 Days 155 159 -3%

Absorption Rate 11.17 9.04As of January 23, 2011

**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties

BRAR Current Dec 2010 VarAvailable 944 1,179 -20%

UC Last 30 Days 89 158 -44%

Sold Last 30 Days 154 169 -9%

Absorption Rate 10.61 7.46As of January 23, 2011

**Includes Clarke, Frederick, Warren Counties & Winchester City

FAAR Current Dec 2010 VarAvailable 1,365 1,863 -27%

UC Last 30 Days 220 345 -36%

Sold Last 30 Days 325 297 +9%

Absorption Rate 6.20 5.40As of January 23, 2011

**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties