Knoxville Association of REALTORŪs                                        
     609 Weisgarber Road                                                      
     Knoxville, TN 37919                                                      
     PH# 865-584-8647                                                         
                                                                              
                    ***  S A L E S     R E P O R T  ***                       
                                                                              
          BEGINNING DATE  1May99                  ENDING DATE 31May99         
==============================================================================
  SINGLE-FAMILY UNIT SALES -- RESIDENTIAL =          OTHER STATISTICS         
                                          =                                   
          ====================            =           ==============          
                 -------BEDROOMS------    =                                   
                   2 OR      3      4 OR  =    CONDO  RESIDENTIAL    CONDO    
   PRICE CLASS     LESS             MORE  =     SOLD     ACTIVE      ACTIVE   
------------------------------------------------------------------------------
$ 19999 OR UNDER      3      0         0  =       0        36           0     
$ 20000-$ 29999       2      1         0  =       0       104          10     
$ 30000-$ 39999       4      4         2  =       1       173           9     
$ 40000-$ 49999      12     11         0  =       4       222          19     
$ 50000-$ 59999      25     10         8  =       3       329          30     
$ 60000-$ 69999      18     41         1  =      21       437          84     
$ 70000-$ 79999       4     65         2  =      13       506          98     
$ 80000-$ 89999       2     70        17  =      16       560          82     
$ 90000-$ 99999       7     65         7  =      19       470          84     
$100000-$119999       2     84        29  =      20       868         137     
$120000-$139999       4     64        22  =       6       828         107     
$140000-$159999       3     30        23  =       3       539          71     
$160000-$179999       3     26        18  =       4       518          59     
$180000-$199999       1     10        20  =       2       356          29     
$200000-$249999       1     19        35  =       3       522          47     
$250000-$299999       0     11        24  =       1       359          20     
$300000-$399999       0      4        19  =       1       401          18     
$400000-$499999       0      1         4  =       0       177           4     
$500000 OR OVER       2      2         4  =       0       216           4     
------------------------------------------------------------------------------
TOTALS               93    518       235  =     117      7621         912     
------------------------------------------------------------------------------
AVERAGE PRICE      82.9  114.7     189.2  =     99.4       164.4       126.0  
(IN THOUSANDS $)                                                              
------------------------------------------------------------------------------
MEDIAN PRICE       60.0   99.0     167.5  =     90.0       124.9       109.9  
(IN THOUSANDS $)                                                              
------------------------------------------------------------------------------
     TIME  ON  MARKET   #UNITS            TYPES  OF  FINANCING   #UNITS       
===================================     ===================================== 
     1-30 DAYS           341             CONV                     589         
    31-60 DAYS           162             CASH                      83         
    61-90 DAYS           142             OWNR                      11         
    91-120 DAYS           74             ASSM                       0         
    121-180 DAYS         115             VA                        40         
    MORE THAN 180 DAYS   127             FHA                      224         
                        ----             OTH                       16         
TOTAL UNITS SOLD         961             NO FINANCING REPORTED      0         
AVERAGE MARKET TIME    89.03                                     ----         
                                         TOTAL                    963         
                                                                              
                                                                              
                                                                              
                                                                              
         ***  N E W     L I S T I N G S      R E P O R T  ***                 
                                                                              
          BEGINNING DATE  1May99                  ENDING DATE 31May99         
==============================================================================
                                                                              
   PRICE CLASS     RESIDENTIAL    CONDO                                       
------------------------------------------------------------------------------
$ 19999 OR UNDER      4             0                                         
$ 20000-$ 29999      18             0                                         
$ 30000-$ 39999      26             0                                         
$ 40000-$ 49999      49             6                                         
$ 50000-$ 59999      60             5                                         
$ 60000-$ 69999      84            14                                         
$ 70000-$ 79999     123            13                                         
$ 80000-$ 89999     138            14                                         
$ 90000-$ 99999     102            25                                         
$100000-$119999     153            26                                         
$120000-$139999     189            16                                         
$140000-$159999      99             9                                         
$160000-$179999     108             5                                         
$180000-$199999      54             5                                         
$200000-$249999      83             6                                         
$250000-$299999      55             5                                         
$300000-$399999      68             4                                         
$400000-$499999      25             1                                         
$500000 OR OVER      21             0                                         
------------------------------------------------------------------------------
TOTALS             1459           154                                         
------------------------------------------------------------------------------
AVERAGE PRICE     146.9          122.4                                        
(IN THOUSANDS $)                                                              
------------------------------------------------------------------------------
MEDIAN PRICE      119.5          101.9                                        
(IN THOUSANDS $)                                                              
------------------------------------------------------------------------------