Long & Foster Real Estate Launches Market Minute Reports
Comprehensive Data Offers Snapshot of Local Real Estate Markets

CHANTILLY, VA, May 21, 2010 /24-7PressRelease/ -- Long & Foster Real Estate, Inc., the largest independently-held residential real estate company in the United States, has released the April update to The Long & Foster Market Minute , an innovative report aimed to deliver local knowledge based on county-level data. A leader in providing real estate market data, Long & Foster will produce the reports every month, currently covering 100 counties it serves in the Mid-Atlantic region.

The Long & Foster Market Minute is an overview of market statistics presented at the county level. The easy-to-read and easy-to-share reports include information about each county's units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. In addition to the 100 counties in seven states it currently covers, The Long & Foster Market Minute will include more counties in future releases.

"Real estate is a local business and buyers and sellers need fresh, county-specific data to help them make informed decisions," explained Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Companies. "The Long & Foster Market Minute report will be updated each month around mid-month in order to inform consumers and provide another tool for Long & Foster sales associates to showcase their expertise at the local market level.

The Long & Foster Market Minute reports are available at no charge on the Long & Foster Web site, http://www.longandfoster.com/. In the future, real estate agents will be able to customize the reports with their own contact information, focusing on the counties they serve. The reports aim to educate both agents and consumers, and are formatted so sales associates can easily share this expertise with customers via electronic means and social media sites.

"We have received widespread positive feedback about The Long & Foster Market Minute," said Barry Redler, chief marketing officer of The Long & Foster Companies. "Our customers and Long & Foster Agents throughout the Mid-Atlantic region are enjoying such easy access to the information and actively sharing The Long & Foster Market Minute reports via many social media sites, helping educate more and more people on the housing market."

For more information about Long & Foster Real Estate visit www.longandfoster.com.


About Long & Foster Real Estate, Inc.
Long & Foster Real Estate, Inc. is the largest independently-held residential real estate company in the United States. The company is part of The Long & Foster Companies, which also includes Prosperity Mortgage Company; Walker Jackson Mortgage Corporation; Long & Foster Insurance Agency, Inc.; and Long & Foster Settlement Services. Long & Foster Real Estate, Inc. represents more than 12,000 agents in seven Mid-Atlantic states, plus the District of Columbia. The company sold more than $25.3 billion worth of homes and helped people buy and sell homes 78,281times in 2009. The Long & Foster Companies 2009 combined sales for the year were in excess of $51.5 billion. Visit us at longandfoster.com.

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