EigenGraphs

FOR IMMEDIATE RELEASE February 24, 2006

Montgomery County Housing Prices Jumped 8.2 Percent in the
Fourth Quarter of 2005

The county also saw a 2.2 percent decrease in the number of
residential homes sold

DEVON, PA - Montgomery County median home prices jumped 8.2
percent to $265,000 in the fourth quarter of 2005, according to
Prudential Fox & Roach REALTORS® HomExpert Market Report ©. The
median sale price of homes in the fourth quarter of 2004 was
$245,000.

In the fourth quarter of 2005, the county saw 2,767 homes sold,
a 2.2 percent decrease, compared to 2,829 homes sold in 2004.
The average number of days a home remained on the market
increased from 26 days in the fourth quarter of 2004 to 32 days
in the fourth quarter of 2005.

The median price of new listings of homes in Montgomery County
also increased in the fourth quarter by 9.3 percent to $284,000
in 2005 from $259,000 in 2004, according to the HomExpert Market
Report.

Montgomery County averaged 4,892 homes per month available for
sale in the fourth quarter of 2005, an increase of 23.5 percent
from 3,960 homes per month during the same time in 2004.

Other fourth quarter HomExpert Market Report© findings:

- Chester County led with the highest median sale price in the
five-county region at $295,500, followed by Bucks County
($287,658), Montgomery County ($265,000), Delaware County
($198,500) and Philadelphia County ($131,000).

- Philadelphia County led the five-county region in median price
increase with a jump of 19.1 percent. Bucks County posted an
increase of 10.6 percent followed by Delaware County at 9.5
percent, Montgomery County at 8.2 percent and Chester County at
7.5 percent.

- Philadelphia County sold 4,564 homes in the fourth quarter of
2005, a decrease of 6.5 percent. Montgomery County sold 2,767
homes, a decrease of 2.2 percent, Delaware County sold 1,936
homes a decrease of 5.8 percent, Bucks County sold 1,785 a
decrease of 8.7 percent, and Chester County sold 1,595, a
decrease of 10.9 percent.

About Prudential Fox and Roach REALTORS

Prudential Fox and Roach, REALTORS®, the nation’s fourth
largest provider of home services, is an independently owned and
operated member of the Prudential Real Estate Affiliate, Inc.
and the largest Prudential affiliate in the country. As the
Tri-State area’s real estate leader, the company has more than
64 sales locations and 3,700 associates. Through its affiliate,
the Trident Group, the company provides one-stop shopping and
facilitated services to its clients including mortgage financing
and title, property and casualty insurance.

About HomExpert The 2006 HomExpert Market Report is a product of
the Prudential Fox & Roach Realtors’ Research Division. Findings
were compiled using the company’s exclusive HomExpert service,
which analyzes TreND Multiple Listing Service (MLS) data and
provides up-to-the-minute statistics. HomExpert offers exclusive
analysis of real estate activity regionally, by county, MLS area
or zip code across the Prudential Fox & Roach service area.

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