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FOR -SALE MARKET ANALYSIS <br />Months Supply <br />12 <br />10 <br />8 <br />6 <br />4 <br />2 <br />0 <br />Ramsey Active Supply of Homes for Sale <br />2005 06 07 08 09 2010 11 12 13 14 2015 16 17 18 <br />Year <br />Months Supply <br />New Construction Housing Activity <br />Homes for Sale <br />350 <br />- 300 <br />- 250 <br />- 200 <br />- 150 <br />Homes for Sale <br />Maxfield Research & Consulting, LLC obtained lot inventory and subdivision data from Metro <br />Study, a homebuilding consulting company that maintains a database of all subdivision activity <br />in the greater Metro Area. Tables FS-10 to FS-11 provide a variety of information on the new <br />construction market in Ramsey and various comparisons to the greater Twin Cities Metro Area. <br />The following terms are used in the lot inventory tables: <br />/ Annual Starts and Closings: The sum of activity for the most recent four quarters. <br />/ Closing: Defined as when a "move in" has occurred and the home is occupied. <br />/ Future Lots Inventory: Future lots are recorded after a preliminary plat or site plan has <br />been submitted for consideration by the city. <br />/ Lot Front: Range of all lot sizes within the subdivision; based on the lot front foot width <br />/ Occupied: A buyer has taken possession of the home that was previously under con- <br />struction or a model home. <br />/ Price: Range of all base home price offered within the subdivision <br />/ Starts: The housing slab or foundation has been poured. <br />MAXFIELD RESEARCH & CONSULTING, LLC 109 <br />