1. Absorption Months to absorb current inventory at current sales rate. Mar-10
Smithfield/
Price Range ($000's) Chesapeake Norfolk Hampton Newport Portsmouth Suffolk York/ South North
News Isle of Wight Poquoson Va. Beach Va. Beach
150-200 7.4 11.2 7.4 7.5 12.0 10.1 12.5 9.0 6.8 6.8
201-250 6.4 11.6 11.8 8.6 12.4 14.2 7.5 8.4 6.1 9.1
251-300 9.4 14.8 13.0 13.0 22.9 20.5 11.1 9.9 6.1 8.8
301-350 13.5 16.5 8.6 16.6 20.0 19.3 9.2 13.2 9.5 9.5
351-400 18.1 25.8 14.8 27.0 27.0 14.3 21.1 18.8 9.2 12.9
401-450 13.0 21.0 7.2 28.5 * 16.4 23.1 14.6 14.9 11.8
451-500 15.7 19.4 54.0 * 3.0 32.4 21.3 15.9 16.2 26.5
501-550 24.0 81.0 * 36.0 24.0 10.0 12.9 22.0 23.5 14.8
551-600 38.0 36.0 18.0 12.0 * 10.8 26.0 12.0 40.7 28.0
601-700 93.0 22.0 30.0 36.0 * 54.0 28.8 34.5 63.4 25.4
701-800 21.6 25.0 48.0 8.0 * * 20.0 15.0 20.4 18.5
801-900 * 78.0 * * * 8.0 * 24.0 114.0 21.0
901-1000 * 72.0 * * * * 12.0 6.0 * 26.3
1001+ * 144.0 * * * 30.0 * 7.2 58.0 30.3
* No Sold Properties
Current Inventory as of 3/31/2010
Newport Smithfield/ York/ South North
Price Range ($000's) Chesapeake Norfolk Hampton Portsmouth Suffolk
News Isle of Wight Poquoson Va. Beach Va. Beach
150-200 353 495 254 313 265 32 150 66 406 246
201-250 286 249 209 250 149 64 141 83 413 207
251-300 270 163 117 139 80 65 185 84 272 159
301-350 274 99 36 58 20 58 118 66 167 113
351-400 292 86 37 36 9 38 81 75 135 138
401-450 150 49 6 19 13 30 50 51 107 63
451-500 97 42 9 8 1 27 32 37 70 75
501-550 44 27 5 6 4 5 15 22 47 47
551-600 38 36 6 2 3 9 13 30 61 56
601-700 31 44 5 6 4 9 24 23 74 93
701-800 18 25 8 2 1 4 10 10 34 68
801-900 13 13 2 1 1 5 13 8 19 56
901-1000 3 12 2 1 0 4 2 2 10 35
1001+ 10 24 4 8 1 5 15 6 35 145

2. Total Absorption Rate All Areas for March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 2580 1850 308.3 8.4
201-250 2051 1492 248.7 8.2
251-300 1534 924 154.0 10.0
301-350 1009 512 85.3 11.8
351-400 927 357 59.5 15.6
401-450 538 212 35.3 15.2
451-500 398 124 20.7 19.3
501-550 222 62 10.3 21.5
551-600 254 59 9.8 25.8
601-700 313 55 9.2 34.1
701-800 180 51 8.5 21.2
801-900 131 20 3.3 39.3
901-1000 71 12 2.0 35.5
1001+ 253 31 5.2 49.0
Months to Absorb
60.0
50.0
40.0
30.0
20.0
10.0
0.0

3. Chesapeake (Area 31, 32, and 33)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 353 288 48.0 7.4
201-250 286 267 44.5 6.4
251-300 270 172 28.7 9.4
301-350 274 122 20.3 13.5
351-400 292 97 16.2 18.1
401-450 150 69 11.5 13.0
451-500 97 37 6.2 15.7
501-550 44 11 1.8 24.0
551-600 38 6 1.0 38.0
601-700 31 2 0.3 93.0
701-800 18 5 0.8 21.6
801-900 13 0 0.0
901-1000 3 0 0.0
1001+ 10 0 0.0
Months to Absorb
100.0
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0

4. Norfolk (Area 11, 12, and 13)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 495 266 44.3 11.2
201-250 249 129 21.5 11.6
251-300 163 66 11.0 14.8
301-350 99 36 6.0 16.5
351-400 86 20 3.3 25.8
401-450 49 14 2.3 21.0
451-500 42 13 2.2 19.4
501-550 27 2 0.3 81.0
551-600 36 6 1.0 36.0
601-700 44 12 2.0 22.0
701-800 25 6 1.0 25.0
801-900 13 1 0.2 78.0
901-1000 12 1 0.2 72.0
1001+ 24 1 0.2 144.0
Months to Absorb
90.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0

5. Hampton (Areas 101-105)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 254 206 34.3 7.4
201-250 209 106 17.7 11.8
251-300 117 54 9.0 13.0
301-350 36 25 4.2 8.6
351-400 37 15 2.5 14.8
401-450 6 5 0.8 7.2
451-500 9 1 0.2 54.0
501-550 5 0 0.0
551-600 6 2 0.3 18.0
601-700 5 1 0.2 30.0
701-800 8 1 0.2 48.0
801-900 2 0 0.0
901-1000 2 0 0.0
1001+ 4 0 0.0
Months to Absorb
60.0
50.0
40.0
30.0
20.0
10.0
0.0
150-200 201-250 251-300 301-350 351-400 401-450 451-500 501-550 551-600 601-700

6. Newport News (Areas 106-110)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 313 249 41.5 7.5
201-250 250 175 29.2 8.6
251-300 139 64 10.7 13.0
301-350 58 21 3.5 16.6
351-400 36 8 1.3 27.0
401-450 19 4 0.7 28.5
451-500 8 0 0.0
501-550 6 1 0.2 36.0
551-600 2 1 0.2 12.0
601-700 6 1 0.2 36.0
701-800 2 0 0.0
801-900 1 0 0.0
901-1000 1 0 0.0
1001+ 8 0 0.0
Months to Absorb
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
150-200 201-250 251-300 301-350 351-400 401-450 451-500 501-550 551-600 601-700

7. Portsmouth ( Area 21, 22)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 265 133 22.2 12.0
201-250 149 72 12.0 12.4
251-300 80 21 3.5 22.9
301-350 20 6 1.0 20.0
351-400 9 2 0.3 27.0
401-450 13 0 0.0
451-500 1 2 0.3 3.0
501-550 4 1 0.2 24.0
551-600 3 0 0.0
601-700 4 0 0.0
701-800 1 0 0.0
801-900 1 0 0.0
901-1000 0 0 0.0
1001+ 1 0 0.0
Months to Absorb
30.0
25.0
20.0
15.0
10.0
5.0
0.0

8. Smithfield-Isle of Wight (Areas 64-66)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 32 19 3.2 10.1
201-250 64 27 4.5 14.2
251-300 65 19 3.2 20.5
301-350 58 18 3.0 19.3
351-400 38 16 2.7 14.3
401-450 30 11 1.8 16.4
451-500 27 5 0.8 32.4
501-550 5 3 0.5 10.0
551-600 9 5 0.8 10.8
601-700 9 1 0.2 54.0
701-800 4 0 0.0
801-900 5 0 0.0
901-1000 4 0 0.0
1001+ 5 1 0.2 30.0
Months to Absorb
60.0
50.0
40.0
30.0
20.0
10.0
0.0

9. Suffolk (Areas 61-63)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 150 72 12.0 12.5
201-250 141 113 18.8 7.5
251-300 185 100 16.7 11.1
301-350 118 77 12.8 9.2
351-400 81 23 3.8 21.1
401-450 50 13 2.2 23.1
451-500 32 9 1.5 21.3
501-550 15 7 1.2 12.9
551-600 13 3 0.5 26.0
601-700 24 5 0.8 28.8
701-800 10 3 0.5 20.0
801-900 13 0 0.0
901-1000 2 1 0.2 12.0
1001+ 15 0 0.0
Months to Absorb
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0

10. York, Poquoson ( Area 111-113 )
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 66 44 7.3 9.0
201-250 83 59 9.8 8.4
251-300 84 51 8.5 9.9
301-350 66 30 5.0 13.2
351-400 75 24 4.0 18.8
401-450 51 21 3.5 14.6
451-500 37 14 2.3 15.9
501-550 22 6 1.0 22.0
551-600 30 15 2.5 12.0
601-700 23 4 0.7 34.5
701-800 10 4 0.7 15.0
801-900 8 2 0.3 24.0
901-1000 2 2 0.3 6.0
1001+ 6 5 0.8 7.2
Months to Absorb
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0

11. South Virginia Beach ( Areas 44-48)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 406 356 59.3 6.8
201-250 413 407 67.8 6.1
251-300 272 268 44.7 6.1
301-350 167 106 17.7 9.5
351-400 135 88 14.7 9.2
401-450 107 43 7.2 14.9
451-500 70 26 4.3 16.2
501-550 47 12 2.0 23.5
551-600 61 9 1.5 40.7
601-700 74 7 1.2 63.4
701-800 34 10 1.7 20.4
801-900 19 1 0.2 114.0
901-1000 10 0 0.0
1001-2000 29 3 0.5 58.0
2001+ 6 0 0.0
Months to Absorb
120.0
100.0
80.0
60.0
40.0
20.0
0.0

12. North Virginia Beach ( Areas 41-43)
Absorption Rates March 2010
Price Range Active Listings Sold Properties Transactions Months to Absorb
($000's) 10/1/09-3/31/10 Per Month
150-200 246 217 36.2 6.8
201-250 207 137 22.8 9.1
251-300 159 109 18.2 8.8
301-350 113 71 11.8 9.5
351-400 138 64 10.7 12.9
401-450 63 32 5.3 11.8
451-500 75 17 2.8 26.5
501-550 47 19 3.2 14.8
551-600 56 12 2.0 28.0
601-700 93 22 3.7 25.4
701-800 68 22 3.7 18.5
801-900 56 16 2.7 21.0
901-1000 35 8 1.3 26.3
1001-2000 106 21 3.5 30.3
2001+ 39 4 0.7 58.5
Months to Absorb
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0