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Grand Strand Market Report June 2012 June represented another solid month of real estate sales activity and some improving performance indicators. As anticipated, Single Family Residential (SFR) inventory declined in June to 4,724 homes, a 6.3% decline from prior year levels. It is anticipated that the inventory will continue to decline throughout the year. Distressed SFR inventory fell for the third consecutive month. Although SFR sales were flat to prior month and prior year levels, Year-to-Date (YTD) sales are up 8.7% as compared to 2011 levels. Offsetting solid sales activity, the median sales price fell to $164,000 in June. Year to date, SFR median sales price is down 3.1% versus 2011. This decline is anticipated as it is forecasted that 2012 median sales price will be down 3 – 5%. Condo inventory continues to decline as June was the third consecutive month of declining inventory. As compared to prior year levels, inventory is down 11% and almost at a 24 month low (since tracking began). Additionally, distressed condo inventory fell for the third straight month and the lowest level since tracking began (over 24 months). Similar to 2011, June condo sales fell from May to 352 units which is flat to June, 2011. Year to date, condo sales are up 2.2% from 2011 while the median sales price is $106,000, a 3.6% decline from 2011. Residential lot sales continue to outpace 2011 levels as they are up 62%. This increase in sales activity is at the expense of sales price with an YTD median sales price of $30,000 which is a decline of 19.4% as compared to 2011.

Research powered by SiteTech Systems

Contents Active Inventory

2

SFR Inventory Trends

3

Condo Inventory Trends

4

Closed Sales – SFR

5

Avg. Sales Price – SFR

6

Median Sales Price – SFR

7

Median Sales Price – SFR (Distressed & Non-Distressed)

8

Median Sales Price – SFR (Cash & Conventional Transactions)

9

SFR Sales – (% Cash vs. % Conventional)

10

Sales to List Price Ratio – SFR

11

Closed Sales – Condo

12

Avg. Sales Price – Condo

13

Median Sales Price – Condo

14

Median Sales Price–Condo (Distressed & Non-Distressed)

15

Median Sales Price – Condo (Cash & Conventional Transactions)

16

Condo Sales – (% Cash vs. % Conventional)

17

Sales to List Price Ratio – Condo

18

Closed Sales – Residential Lot

19

Avg. Sales Price – Residential Lot

20

Median Sales Price – Residential Lot

21

Median Sales Price – Res. Lot (Non-Distressed)

22

Sold to List Price Ratio – Residential Lot

23

Distressed Inventory

24

Distressed Sales

25


Grand Strand Active Inventory Single Family Residential

Condo/Townhome # Listings

# Listings Horry Co.

Horry Co.

3,878

Georgetown Co. Total

4,132

Georgetown Co.

846

Residential Lot Horry Co.

422 Total

4,724

# Listings 1,902

Georgetown Co.

737 Total

4,554

2,639

Average List Price

$341,150

Average List Price

$188,516

Average List Price

$131,455

Median List Price

$224,900

Median List Price

$133,250

Median List Price

$63,500

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

1,111

94

$150k - $250k

1,375

149

$250k - $500k

1,001

321

$500k - $1.0 MM $1 MM +

298 93

Horry Co.

G’town Co.

Less than $100k

1,439

61

$100k - $150k

1,029

82

$150k - $200k

598

73

$200k - $400k

773

109

181 101

$400k -$750k

243

67

$750+

50

30

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

349

52

$25k - $50k

629

88

$50k - $75k

277

75

$75k-100k

200

95

$100k-175k

212

151

$175k -250k

102

119

$250k+

133

157

2


Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,600 5,400

# of Listings

5,200 5,000

June 2011 5,042

4,800

June 2012 4,724

4,600 4,400 4,200 4,000

Grand Strand Distressed SFR Listings # of Distressed Listings

950 900

June 2011 875

850

June 2012 800

800 750 700 650 600

Research performed by SiteTech Systems

3


Grand Strand Condo Inventory Trends

# of Listings

Grand Strand Condo Inventory 6,000 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000

June 2011 5,119 June 2012 4,554

Grand Strand Distressed Condo Listings 1000

900

June 2011 864

850

June 2012 771

800 750 700 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12

# of Distressed

950

Research performed by SiteTech Systems

4


Closed Sales - SFR Year to Date

June

1,990

414

374

2010

2011

383

1,817

1,830

2012

2010

2011

2012

Historical Activity 600 550 500 450 400 350 300 250 200 150 100 Jan 05

June 2012 383

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Jan 10

Research performed by SiteTech Systems

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

5


Average Sales Price - SFR Year to Date

June $238,846

$229,461

$232,630

$227,591

$227,568

$218,240

2010

2011

2012

2010

2011

2012

Historical Activity $375,000 $345,000 $315,000 $285,000 June 2012 $232,630

$255,000 $225,000 $195,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

6


Median Sales Price - SFR Year to Date

June

$180,000

$185,250 $174,435

$174,847

$164,000

2010

2011

$169,410

2012

2010

2011

2012

Historical Activity $250,000 $240,000 $230,000 $220,000

$210,000 $200,000

$190,000

June 2012 $164,000

$180,000 $170,000 $160,000 $150,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

7


Median Sales Price – SFR Distressed & Non-Distressed $250,000

$225,000

$200,000

Non-Distressed

$175,000

Distressed Combined $150,000

$125,000

Research performed by SiteTech Systems

Jun-12

Apr-12

May-12

Mar-12

Feb-12

Jan-12

Dec-11

Nov-11

Oct-11

Sep-11

Aug-11

Jul-11

Jun-11

May-11

Apr-11

Mar-11

Feb-11

Jan-11

Dec-10

Nov-10

Oct-10

Sep-10

Jul-10

Aug-10

Jun-10

May-10

Apr-10

Mar-10

Feb-10

$100,000

8


Median Sales Price – SFR Cash & Conventional Transactions $225,000

$215,000

$205,000

$195,000

$185,000 Cash

$175,000

Conventional Combined

$165,000

$155,000

$145,000

$135,000

$125,000 Feb-10

May-10

Aug-10

Nov-10

Feb-11

May-11

Aug-11

Nov-11

Research performed by SiteTech Systems

Feb-12

May 12

9


Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Oct 11-Nov Dec-11 12-Jan 12-Feb 12-Mar Apr-12 May-12 Jun-12

SFR Sales % Cash vs. % Conventional 80.0%

70.0%

60.0%

50.0%

40.0% % Cash

30.0% % Conventional

20.0%

10.0%

0.0%

Research performed by SiteTech Systems 10


Sold to List Price Ratio - SFR June

Year to Date 91%

88%

90%

71%

89% 88%

2010

2011

2010

2012

2011

2012

Historical Activity 99 97 95 June 2012 91%

93 91 89

87 85 83 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Jan 10

Research performed by SiteTech Systems

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

11


Closed Sales - Condo June

Year to Date

355

1,937

1,896

352

1,767 332

2010

2011

2012

2010

2011

2012

Historical Activity 1050 850 June 2012 352

650 450 250

50 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Jan 10

Research performed by SiteTech Systems

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

12


Average Sales Price - Condo June

Year to Date $148,651

$149,645 $146,779

$146,188

$140,798

$136,878

2010

2011

2010

2012

2011

2012

Historical Activity $400,000 $350,000

$300,000 $250,000 June 2012 $146,779

$200,000 $150,000

$100,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

10-Jan

10-Jul

11-Jan

11-Jul

Jan 12 Jun 12

13


Median Sales Price - Condo June

Year to Date $121,990 $125,000 $120,000

$109,950

$106,000

$110,000

2010

2011

2010

2012

2011

2012

Historical Activity $275,000 $225,000

$175,000 June 2012 $110,000

$125,000

$75,000 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

Jun

14


Median Sales Price – Condo Distressed & Non-Distressed $140,000

$130,000

$120,000

$110,000

Non-Distressed

$100,000

Distressed Combined

$90,000

$80,000

$70,000

Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12

$60,000

Research performed by SiteTech Systems

15


Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12

Median Sales Price – Condo Cash & Conventional Transactions $170,000

$150,000

$130,000

$110,000 Cash

Conventional

Combined

$90,000

$70,000

$50,000

Research performed by SiteTech Systems 16


Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Sep 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12

Condo Sales % Cash vs. % Conventional 80.0%

70.0%

60.0%

50.0%

40.0% % Cash

30.0% % Conventional

20.0%

10.0%

0.0%

Research performed by SiteTech Systems 17


Sold to List Price Ratio - Condo June

Year to Date 88% 88%

86%

86%

85%

2010

85%

2011

2012

2010

2011

2012

Historical Activity 105 100 95

June 2012 88 %

90 85

80 75 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Jan 10

Research performed by SiteTech Systems

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

18


Closed Sales – Residential Lot June

Year to Date 90

541

70

65

333

302

2010

2011

2010

2012

2011

2012

Historical Activity 310

260 210

June 2012 90

160 110 60

10 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

19


Average Sales Price – Residential Lot June

Year to Date

$89,547

$81,150 $65,265

$73,235

$63,540

$54,651

2010

2011

2010

2012

2011

2012

Historical Activity $300,000 $250,000

$200,000 June 2012 $65,265

$150,000 $100,000 $50,000

$0 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

20


Median Sales Price – Residential Lot June

Year to Date $44,900

$44,000

$37,200

$32,400

$30,000 $20,000

2010

2011

2012

2010

2011

2012

Historical Activity $150,000 $125,000

$100,000 $75,000 June 2012 $20,000

$50,000 $25,000

$0 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Research performed by SiteTech Systems

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

21


Median Sales Price – Res. Lot (Non-Distressed) June

Year to Date $55,000

$45,500

$52,500

$38,000

$34,500

$50,000

2010

2011

2012

2010

2011

2012

Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-

June 2012 $38,000

Jan 10

Apr 10

Jul 10

Oct 10

Jan 11

Apr 11

Jul 11

Research performed by SiteTech Systems

Oct 10

Jan 12

Jun 12

22


Sold to List Price Ratio – Residential Lot May

Year to Date 76%

75%

76% 73% 65%

2010

2011

68%

2012

2010

2011

2012

Historical Activity 110 100

90 June 2012 65%

80 70 60 50 40 Jan 05

Jul 05

Jan 06

Jul 06

Jan 07

Jul 07

Jan 08

Jul 08

Jan 09

Jul 09

Jan 10

Research performed by SiteTech Systems

Jul 10

Jan 11

Jul 11

Jan 12 Jun 12

23


Grand Strand Distressed Inventory Single Family Residential

Condo/Townhome

# Listings

Residential Lot # Listings

# Listings

Horry Co.

718

Horry Co.

733

Horry Co.

310

Georgetown Co.

82

Georgetown Co.

38

Georgetown Co.

79

Total

Total

800

Total

771

Average List Price

$195,612

Average List Price

$119,348

Median List Price

$139,900

Median List Price

$89,900

389

Average List Price

$73,016

Median List Price

$34,900

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

421

35

$150k - $250k

175

18

$250k - $500k

93

17

$500k - $1.0 MM

27

10

$1 MM +

2

2

Horry Co.

G’town Co.

Less than $100k

442

18

$100k - $150k

120

9

$150k - $200k

75

2

$200k - $400k

84

2

$400k -$750k

12

7

-

-

$750+

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

124

9

$25k - $50k

96

15

$50k - $75k

35

10

$75k-100k

19

16

$100k-175k

18

13

$175k -250K

9

11

$250K +

9

5

24


Distressed Sales SFR

Total

June

August

Oct

Dec

Feb

Apr

June

Condo

June

August

Dec

Feb

Apr

June

% Total Sales 29 30 29 28

June

Oct

August

Oct

Dec

Feb

Apr

June

June

August

Research performed by SiteTech Systems

32 33

Oct

37 30

Dec

32 33

Feb

28 28 29

Apr

June

25


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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®

June 2012

Quick Facts

We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been selfpowered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, a few indicators showed improvement. Let's see what the rest of our local data has to say. New Listings in the Coastal Carolinas region were down 1.8 percent for detached homes and 17.8 percent for condos. Pending Sales increased 44.4 percent for singlefamily homes and 34.9 percent for condos. The Median Sales Price was down 11.2 percent to $158,000 for single-family properties and 6.4 percent to $110,000 for condo units. Months Supply of Inventory decreased 28.0 percent for single-family units and 22.0 percent for townhousecondo units. We seem to be at a critical inflection point in our attempts to spur more hiring. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There's also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013.

+ 3.8%

+ 4.7%

+ 2.8%

Change in Closed Sales All Properties

Change in Closed Sales Single-Family Only

Change in Closed Sales Condo Only

Single-Family Market Overview Condo Market Overview New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory

2 3 4 5 6 7 8 9 10 11 12 13

Click on desired metric to jump to that page.

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1


Single-Family Market Overview Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.

Key Metrics

Historical Sparklines

New Listings 6-2009

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

4,516

- 1.9%

363

524

+ 44.4%

2,197

2,673

+ 21.7%

405

424

+ 4.7%

1,989

2,162

+ 8.7%

184

174

- 5.2%

178

179

+ 0.9%

$178,000

$158,000

- 11.2%

$165,250

$160,000

- 3.2%

$225,291

$218,661

- 2.9%

$212,291

$206,033

- 2.9%

94.4%

96.0%

+ 1.8%

94.3%

95.3%

+ 1.0%

129

155

+ 8.4%

129

155

+ 8.4%

4,808

4,049

- 15.8%

--

--

--

14.5

10.5

- 28.0%

--

--

--

6-2012

Months Supply of Homes for Sale 6-2009

4,603

6-2012

Inventory of Homes for Sale 6-2009

- 1.8%

6-2012

Housing Affordability Index 6-2009

722

6-2012

Percent of List Price Received 6-2009

735

6-2012

Average Sales Price 6-2009

+/–

6-2012

Median Sales Price 6-2009

YTD 2011 YTD 2012

6-2012

Days on Market Until Sale 6-2009

+/–

6-2012

Closed Sales 6-2009

6-2012

6-2012

Pending Sales 6-2009

6-2011

6-2012

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2


Condo Market Overview Key market metrics for the current month and year-to-date figures for Condo Properties Only.

Key Metrics

Historical Sparklines

New Listings 6-2009

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

6-2010

6-2011

3,660

- 6.5%

281

379

+ 34.9%

1,974

2,267

+ 14.8%

355

365

+ 2.8%

1,908

1,949

+ 2.1%

183

188

+ 2.5%

179

176

- 1.3%

$117,500

$110,000

- 6.4%

$107,500

$105,000

- 2.3%

$146,627

$145,985

- 0.4%

$140,319

$137,652

- 1.9%

93.3%

93.8%

+ 0.5%

93.7%

93.6%

- 0.1%

189

216

+ 13.0%

189

216

+ 13.0%

4,691

3,885

- 17.2%

--

--

--

15.7

12.2

- 22.0%

--

--

--

6-2012

Months Supply of Homes for Sale 6-2009

3,916

6-2012

Inventory of Homes for Sale 6-2009

- 17.8%

6-2012

Housing Affordability Index 6-2009

491

6-2012

Percent of List Price Received 6-2009

597

6-2012

Average Sales Price 6-2009

+/–

6-2012

Median Sales Price 6-2009

YTD 2011 YTD 2012

6-2012

Days on Market Until Sale 6-2009

+/–

6-2012

Closed Sales 6-2009

6-2012

6-2012

Pending Sales 6-2009

6-2011

6-2012

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3


New Listings A count of the properties that have been newly listed on the market in a given month.

June

Year to Date

796

5,243 735

722

4,603

663

4,516

4,518

597

3,916

3,660

491

2010

2011

2012

-7.7%

-1.8%

Single-Family

2010

2011

2012

-10.0%

-17.8%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

648

- 18.6%

553

- 5.8%

August

715

- 5.3%

562

- 14.6%

September

607

- 14.1%

507

- 14.2%

October

636

- 4.9%

545

- 2.3%

November

603

- 2.0%

552

+ 5.3%

December

454

- 8.3%

444

+ 3.0%

January

759

- 1.0%

690

+ 6.2%

February

700

- 9.1%

609

- 2.2%

March

803

- 11.0%

663

- 12.6%

April

735

- 0.7%

609

- 16.9%

Month

2011

2012

-12.2%

-1.9%

Single-Family

2010

May

797

+ 15.7%

598

+ 7.9%

2011

2012

June

722

- 1.8%

491

- 17.8%

-13.3%

-6.5%

Total

8,179

- 5.3%

6,956

- 6.1%

Condo

Historical New Listing Activity

Single-Family

Condo

1,250

1,000

750

500

250

0 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4


Pending Sales A count of the properties on which contracts have been accepted in a given month.

June

Year to Date 2,673

524

2,113

2,267

2,197

379

363 327

1,867

1,974

318 281

2010

2011

2012

+11.0%

+44.4%

Single-Family

2010

2011

2012

-11.6%

+34.9%

2010

Condo

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

392

+ 23.3%

271

- 0.4%

August

358

+ 10.2%

330

+ 1.9%

September

345

+ 22.3%

263

- 10.2%

October

328

+ 0.6%

262

- 15.5%

Month

2011

2012

+4.0%

+21.7%

Single-Family

2010

November

292

+ 4.7%

233

- 4.9%

December

252

+ 5.4%

189

+ 6.8%

January

335

+ 13.9%

313

+ 15.5%

February

400

+ 16.6%

341

+ 2.7%

March

470

+ 10.3%

406

+ 2.3%

April

441

+ 14.2%

445

+ 18.4%

May

503

+ 30.6%

383

+ 20.8%

2011

2012

June

524

+ 44.4%

379

+ 34.9%

+5.7%

+14.8%

Total

4,640

+ 17.0%

3,868

+ 6.4%

Condo

Historical Pending Sales Activity

Single-Family

Condo

1,250

1,000

750

500

250

0 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 5


Closed Sales A count of the actual sales that have closed in a given month.

June

Year to Date

458 405

2,162

424 1,985 333

2010

2011

2012

-11.6%

+4.7%

Single-Family

2010

1,989

1,908

365

355

2011

2012

+6.6%

+2.8%

Condo

1,949

1,770

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

349

+ 10.8%

284

0.0%

August

390

+ 18.2%

288

- 8.6%

Month

2011

2012

+0.2%

+8.7%

Single-Family

2010

September

353

+ 9.6%

298

- 2.0%

October

341

+ 18.0%

265

- 2.9%

November

336

+ 31.8%

239

- 4.4%

December

323

- 1.8%

259

- 11.3%

January

273

+ 12.3%

211

+ 0.5%

February

295

+ 17.1%

270

+ 13.0%

March

383

+ 5.5%

353

- 6.9%

April

363

- 0.8%

351

- 5.6%

May

424

+ 17.8%

399

+ 13.0%

2011

2012

June

424

+ 4.7%

365

+ 2.8%

+7.8%

+2.1%

Total

4,254

+ 11.1%

3,626

- 1.1%

Condo

Historical Closed Sales Activity

Single-Family

Condo

1,250

1,000

750

500

250

0 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6


Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

June

Year to Date 184 174

179

188

183

171

161

2010

2011

2012

+13.9%

-5.2%

Single-Family

2010

2011

2012

+2.2%

+2.5%

2010

Condo

178

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

182

+ 7.8%

185

+ 8.9%

August

174

+ 8.8%

176

+ 1.5%

Month 179 170

2011

2012

+4.2%

+0.9%

Single-Family

2010

179

176

September

178

+ 3.1%

196

+ 13.8%

October

200

+ 10.0%

195

+ 8.2%

November

183

+ 7.1%

169

- 7.7%

December

176

+ 0.3%

165

- 10.7%

January

183

- 6.7%

183

- 1.9%

February

185

+ 16.7%

184

+ 5.0%

March

177

- 4.2%

167

- 2.5%

April

176

- 3.0%

170

- 0.6%

May

183

+ 13.5%

171

- 8.8%

2011

2012

June

174

- 5.2%

188

+ 2.5%

+5.3%

-1.3%

Total

181

+ 3.4%

179

+ 0.2%

Condo

Historical Days on Market Until Sale

Single-Family

Condo

400 350 300 250 200 150 100 50 0 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7


Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

June

Year to Date $170,000 $178,000

$164,350

$165,250

$160,000

$158,000 $120,000 $123,500

2010

2011

2012

+8.3%

-11.2%

2010

Single-Family

$117,500

$107,500 $105,000

$110,000

2011

2012

-4.9%

-6.4%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

162,250

- 13.1%

110,000

- 4.3%

August

163,000

- 16.4%

99,950

- 13.1%

Month

2011

2012

2010

-2.8%

-3.2%

Single-Family

2011

2012

-10.4%

-2.3%

Condo

September

164,250

- 3.4%

108,750

- 5.4%

October

167,498

- 9.2%

105,000

- 10.3%

November

157,500

- 12.9%

92,000

- 20.0%

December

162,248

- 1.7%

107,500

- 2.3%

January

159,900

+ 2.5%

91,750

- 14.6%

February

170,400

+ 3.3%

95,000

- 5.0%

March

160,000

- 10.6%

104,000

- 5.4%

April

159,000

+ 0.7%

115,000 + 15.0%

May

161,500

+ 0.9%

105,000

- 4.5%

June

158,000

- 11.2%

110,000

- 6.4%

Median

162,000

- 5.8%

108,000

- 5.3%

Historical Median Sales Price

Single-Family

Condo

$275,000 $250,000 $225,000 $200,000 $175,000 $150,000 $125,000 $100,000 $75,000 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 8


Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

June

Year to Date $225,291

$211,617

$218,661

$215,624 $212,291

$206,033

$149,184

$148,224 $146,627 $145,985

2010

2011

2012

+ 6.5%

- 2.9%

2010

Single-Family

2011

2012

- 1.1%

- 0.4%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

203,465

- 6.1%

145,251

- 8.6%

August

195,946

- 16.9%

123,658

- 16.2%

September

207,648

- 1.7%

137,638

+ 0.3%

October

220,292

+ 0.0%

154,308

+ 1.9%

Month

2011

2012

2010

- 1.5%

- 2.9%

Single-Family

$140,319 $137,652

2011

2012

- 5.9%

- 1.9%

Condo

November

205,868

- 11.5%

132,004

- 17.3%

December

221,155 + 12.9%

132,909

- 4.8%

January

203,310

+ 5.2%

123,018

- 14.3%

February

205,042

- 1.9%

129,473

+ 3.1%

March

210,571

- 9.0%

130,685

- 9.1%

April

194,523

- 7.0%

143,473 + 10.4%

May

201,592

+ 2.6%

144,258

- 3.5%

June

218,661

- 2.9%

145,985

- 0.4%

Average

190,753

- 3.6%

137,500

- 4.6%

Historical Average Sales Price

Single-Family

Condo

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 9


Percent of List Price Received Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

June

94.7%

2010

Year to Date

94.4%

96.0%

2011

2012

-0.4%

+1.8%

Single-Family

93.5%

2010

93.8%

93.3%

2011

2012

-0.2%

+0.5%

Condo

94.6%

2010

94.3%

95.3%

2011

2012

-0.3%

+1.0%

Single-Family

94.0%

2010

93.7%

93.6%

2011

2012

-0.4%

-0.1%

Condo

Month

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

94.3%

- 0.6%

91.9%

- 2.6%

August

94.0%

- 0.6%

94.9%

+ 1.5%

September

94.7%

+ 0.1%

93.2%

+ 0.4%

October

94.2%

- 0.8%

92.0%

- 1.5%

November

94.2%

+ 0.3%

93.7%

+ 1.1%

December

94.1%

- 0.2%

93.2%

- 0.5%

January

95.5%

+ 1.6%

92.6%

- 1.8%

February

95.3%

+ 0.8%

93.3%

- 0.4%

March

94.6%

- 0.7%

92.9%

- 0.6%

April

95.0%

+ 1.2%

94.7%

+ 0.9%

May

95.2%

+ 1.4%

93.7%

- 0.1%

June

96.0%

+ 1.8%

93.8%

+ 0.5%

Average

89.6%

+ 1.3%

87.8%

+ 1.0%

Historical Percent of List Price Received

Single-Family

Condo

100%

98%

96%

94%

92%

90% 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10


Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

June

Year to Date 216 181

216

189

181

155 138

2010

129

2011

2012

+2.8%

+8.4%

Single-Family

189

155 138

2010

2011

2012

+7.1%

+13.0%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

139

- 6.2%

198

+ 4.0%

August

140

+ 13.6%

215

+ 4.6%

September

140

+ 15.6%

204

+ 10.7%

October

140

+ 2.0%

211

+ 3.4%

Month

129

2011

2012

+2.8%

+8.4%

Single-Family

2010

2011

2012

+7.1%

+13.0%

Condo

Historical Housing Affordability Index

November

147

+ 9.8%

233

+ 10.0%

December

144

+ 12.3%

208

+ 18.2%

January

148

+ 3.2%

238

+ 3.5%

February

144

+ 6.2%

237

+ 21.4%

March

151

+ 8.9%

222

+ 15.6%

April

151

+ 21.5%

205

+ 15.4%

May

150

+ 9.7%

220

- 0.7%

June

155

+ 8.4%

216

+ 13.0%

Average

146

+ 8.7%

217

+ 9.9%

Single-Family

Condo

250 225 200 175 150 125 100 75 1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 11


Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.

June 5,445

5,296 4,808

4,691 4,049

2010

2011 -9.2% Single-Family

3,885

2010

2012

2011 -13.8% Condo

-15.8%

2012 -17.2%

Month

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

4,710

- 11.0%

4,632

- 14.3%

August

4,669

- 10.7%

4,542

- 14.4%

September

4,560

- 11.4%

4,467

- 13.4%

October

4,535

- 10.3%

4,426

- 11.1%

November

4,507

- 9.8%

4,438

- 9.6%

December

4,241

- 10.4%

4,284

- 9.0%

January

4,297

- 9.6%

4,345

- 7.0%

February

4,290

- 11.1%

4,352

- 7.1%

March

4,257

- 13.4%

4,298

- 8.8%

April

4,249

- 12.8%

4,138

- 12.9%

May

4,177

- 13.2%

4,072

- 13.7%

June

4,049

- 15.8%

3,885

- 17.2%

Average

3,252

- 16.4%

3,971

- 16.7%

Historical Inventory of Homes for Sale

Single-Family

Condo

6,500

5,500

4,500

3,500

2,500

1,500

500 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 12


Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

June

SingleFamily

YoY Chg.

Condo

YoY Chg.

July

14.0

- 12.6%

15

- 18.4%

August

13.8

- 13.6%

15.1

- 17.9%

Month

18.9 16.1

15.7

14.5

12.2 10.5

2010

2011 -9.4% Single-Family

2012

2010

-28.0%

2011

2012

-17.3% Condo

-22.0%

Historical Months Supply of Inventory

September

13.2

- 16.8%

15.0

- 16.5%

October

13.2

- 16.1%

15.1

- 12.7%

November

13.0

- 15.5%

15.2

- 9.9%

December

12.2

- 16.5%

14.6

- 9.9%

January

12.3

- 16.6%

14.6

- 9.5%

February

12.1

- 18.7%

14.6

- 7.9%

March

11.9

- 20.9%

14.4

- 8.3%

April

11.7

- 23.1%

13.6

- 14.0%

May

11.2

- 23.8%

13.1

- 15.6%

June

10.5

- 28.0%

12.2

- 22.0%

Average

9.6

- 28.0%

12.3

- 21.8%

Single-Family

Condo

30

25

20

15

10

5

0 1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 13


Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速

June 2012

Quick Facts

After a few head fakes, even cynical commentators agree that residential real estate may finally be clawing out from a multi-year valley. For the 12month period spanning July 2011 through June 2012, Closed Sales in the C lC li i were up 5.1 1 1 percent overall. ll The Th price i range with ih Coastal Carolinas region the largest gain in sales was the $150,000 and Below range, where they increased 12.2 percent. The overall Median Sales Price was down 5.1 percent to $137,625. The property type with the smallest price decline was the Condo segment, where prices decreased 5.7 percent to $107,000. The price range that tended to sell the quickest was the $150,000 and Below range at 168 days; the price range that tended to sell the slowest was the $300,001 and Above range at 210 days. Market-wide, inventory levels were down 16.5 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.8 percent. That amounts to 10.5 months supply for SingleFamily homes and 12.2 months supply for Condos.

+ 12.2%

+ 8.4%

+ 10.7%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$150,000 and Below

4 Bedrooms or More

Single-Family Homes

Closed Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory

2 3 4 5 6 7

Click on desired metric to jump to that page.

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1


Closed Sales A count of the actual sales that have closed. Based on a rolling 12-month total.

By Price Range 6-2011

By Bedroom Count

6-2012

6-2011

By Property Type 6-2011

6-2012

4,221 3,763

3,687

2,252

6-2012 3,735

3,846

2,345

3,440 3,380

3,373 1,309

1,334 819

796

1,017 547

1,268

1,374

912

573

+ 12.2%

+ 1.9%

- 2.8%

+ 4.8%

- 10.3%

+ 4.1%

+ 4.3%

+ 8.4%

+ 10.7%

- 1.7%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

6-2011

Single-Family Homes

Condos

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

$150,000 and Below

3,763

4,221

+ 12.2%

1,420

1,801

+ 26.8%

2,343

2,420

+ 3.3%

$150,001 to $200,000

1,309

1,334

+ 1.9%

813

858

+ 5.5%

496

476

- 4.0%

$200,001 to $250,000

819

796

- 2.8%

542

535

- 1.3%

277

261

- 5.8%

$250,001 to $300,000

547

573

+ 4.8%

355

394

+ 11.0%

192

179

- 6.8%

$300,001 and Above

1,017

912

- 10.3%

699

666

- 4.7%

318

246

- 22.6%

All Price Ranges

7,455

7,836

+ 5.1%

3,373

3,735

+ 10.7%

3,440

3,380

- 1.7%

By Bedroom Count

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

2 Bedrooms or Less

2,252

2,345

+ 4.1%

231

279

+ 20.8%

2,021

2,066

+ 2.2%

3 Bedrooms

3,687

3,846

+ 4.3%

2,458

2,734

+ 11.2%

1,229

1,112

- 9.5%

4 Bedrooms or More

1,268

1,374

+ 8.4%

1,139

1,241

+ 9.0%

129

133

+ 3.1%

All Bedroom Counts

7,455

7,836

+ 5.1%

3,373

3,735

+ 10.7%

3,440

3,380

- 1.7%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 2


Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

By Price Range 6-2011

166

By Bedroom Count

6-2012

168

6-2011

180

188

174

188

200

214

By Property Type 6-2011

6-2012 196

196

6-2012 181

210

181

179 178 176

177

176 171

175

+ 1.2%

+ 4.9%

+ 7.7%

+ 10.3%

- 2.1%

- 0.0%

+ 3.5%

+ 0.1%

+ 3.4%

+ 0.5%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

6-2011

6-2012

Single-Family Homes

Condos

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

$150,000 and Below

166

168

+ 1.2%

161

171

+ 6.4%

170

166

- 2.2%

$150,001 to $200,000

180

188

+ 4.9%

170

175

+ 2.7%

195

214

+ 9.9%

$200,001 to $250,000

174

188

+ 7.7%

166

185

+ 11.2%

190

193

+ 1.8%

$250,001 to $300,000

181

200

+ 10.3%

172

197

+ 14.6%

200

207

+ 3.4%

$300,001 and Above

214

210

- 2.1%

223

207

- 7.3%

193

220

+ 13.7%

All Price Ranges

176

180

+ 2.0%

175

181

+ 3.4%

178

179

+ 0.5%

By Bedroom Count

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

2 Bedrooms or Less

176

176

- 0.0%

165

184

+ 11.5%

177

175

- 1.4%

3 Bedrooms

171

177

+ 3.5%

167

174

+ 4.5%

179

183

+ 2.1%

4 Bedrooms or More

196

196

+ 0.1%

194

194

+ 0.1%

215

217

+ 0.9%

All Bedroom Counts

176

180

+ 2.0%

175

181

+ 3.4%

178

179

+ 0.5%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 3


Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

By Bedroom Count 6-2011

By Property Type 6-2011

6-2012 $269,995

6-2012

$172,000

$251,516 $145,000

$155,000 $97,500

$162,000

$137,625 $113,500

$107,000

$148,900

$90,000

- 7.7%

- 3.9%

- 6.8%

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

- 5.1%

All Properties

- 5.8%

All Properties p

Single-Family g y Homes

Single-Family Homes

- 5.7% Condos

Condos

By Bedroom Count

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

2 Bedrooms or Less

$97,500

$90,000

- 7.7%

$110,000

$92,000

- 16.4%

$96,000

$90,000

- 6.3%

3 Bedrooms

$155,000

$148,900

- 3.9%

$155,000

$147,000

- 5.2%

$157,000

$157,500

+ 0.3%

4 Bedrooms or More

$269,995

$251,516

- 6.8%

$264,000

$249,100

- 5.6%

$305,000

$310,000

+ 1.6%

All Bedroom Counts

$145,000

$137,625

- 5.1%

$172,000

$162,000

- 5.8%

$113,500

$107,000

- 5.7%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4


Percent of List Price Received Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.

By Price Range 6-2011

By Bedroom Count

6-2012

6-2011

95.1%

6-2011

95.0% 94.9%

6-2012 94.8%

95.4%

95.3%

By Property Type

6-2012

94.9%

95.1%

94.4%

94.6% 94.3% 93.8%

93.8%

93.5% 93.6% 93.2%

93.6% 93.4%

93.1% 93.0%

+ 0.1%

+ 0.2%

- 0.1%

+ 0.3%

+ 0.6%

- 0.1%

+ 0.3%

+ 0.5%

+ 0.4%

- 0.2%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

6-2011

6-2012

Single-Family Homes Change

6-2011

6-2012

Change

Condos 6-2011

6-2012

Change

$150,000 and Below

93.5%

93.6%

+ 0.1%

93.6%

94.1%

+ 0.5%

93.4%

93.2%

- 0.2%

$150,001 to $200,000

95.1%

95.3%

+ 0.2%

95.8%

95.9%

+ 0.1%

94.1%

94.0%

- 0.1%

$200,001 to $250,000

95.0%

94.9%

- 0.1%

95.6%

95.8%

+ 0.2%

93.7%

93.1%

- 0.6%

$250,001 to $300,000

95.1%

95.4%

+ 0.3%

96.0%

96.1%

+ 0.1%

93.4%

93.7%

+ 0.3%

$300,001 and Above

93.2%

93.8%

+ 0.6%

92.8%

93.7%

+ 1.0%

94.2%

94.1%

- 0.1%

All Price Ranges

94.0%

94.1%

+ 0.1%

94.4%

94.8%

+ 0.4%

93.6%

93.4%

- 0.2%

By Bedroom Count

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

2 Bedrooms or Less

93.1%

93.0%

- 0.1%

92.2%

91.6%

- 0.7%

93.2%

93.2%

0.0%

3 Bedrooms

94.6%

94.9%

+ 0.3%

94.9%

95.3%

+ 0.4%

93.9%

93.9%

0.0%

4 Bedrooms or More

93.8%

94.3%

+ 0.5%

93.8%

94.3%

+ 0.5%

93.5%

94.1%

+ 0.6%

All Bedroom Counts

94.0%

94.1%

+ 0.1%

94.4%

94.8%

+ 0.4%

93.6%

93.4%

- 0.2%

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5


Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

By Price Range 6-2011

By Bedroom Count

6-2012

6-2011

By Property Type 6-2011

6-2012

6-2012

4,228

4,019

4,808

3,511

3,253

4,691 4,049

2,978

3,885

2,516 2,161

2,005

1,934

1,679

1,552 1,245

990

874

777

628

- 19.1%

- 19.8%

- 11.7%

- 19.2%

- 10.5%

- 15.5%

- 17.0%

- 16.3%

- 15.8%

- 17.2%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

Single-Family Homes

Condos

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

$150,000 and Below

4,019

3,253

- 19.1%

1,465

1,099

- 25.0%

2,554

2,154

- 15.7%

$150,001 to $200,000

1,552

1,245

- 19.8%

850

687

- 19.2%

702

558

- 20.5%

$200,001 to $250,000

990

874

- 11.7%

580

552

- 4.8%

410

322

- 21.5%

$250,001 to $300,000

777

628

- 19.2%

483

398

- 17.6%

294

230

- 21.8%

$300,001 and Above

2,161

1,934

- 10.5%

1,430

1,313

- 8.2%

731

621

- 15.0%

All Price Ranges

9,499

7,934

- 16.5%

4,808

4,049

- 15.8%

4,691

3,885

- 17.2%

By Bedroom Count

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

2 Bedrooms or Less

2,978

2,516

- 15.5%

297

240

- 19.2%

2,681

2,276

- 15.1%

3 Bedrooms

4,228

3,511

- 17.0%

2,745

2,320

- 15.5%

1,483

1,191

- 19.7%

4 Bedrooms or More

2,005

1,679

- 16.3%

1,765

1,488

- 15.7%

240

191

- 20.4%

All Bedroom Counts

9,499

7,934

- 16.5%

4,808

4,049

- 15.8%

4,691

3,885

- 17.2%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6


Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

By Price Range 6-2011

By Bedroom Count

6-2012

6-2011

6-2011

23.5

12.2

17.2

15.7

14.5

15.9 13.5

12.2

13.4 10.5 10.0

14.9

13.7

6-2012

18.6

26.1

12.5

By Property Type

6-2012

12.4

12.4

10.3

8.5

- 31.5%

- 24.6%

- 16.2%

- 28.0%

- 10.0%

- 23.1%

- 25.6%

- 27.6%

- 28.0%

- 22.0%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

6-2011

6-2012

Single-Family Homes Change

6-2011

6-2012

Change

Condos 6-2011

6-2012

Change

$150,000 and Below

12.5

8.5

- 31.5%

11.6

6.7

- 42.4%

13.0

10.0

- 23.7%

$150,001 to $200,000

13.7

10.3

- 24.6%

12.1

8.8

- 27.4%

16.2

13.1

- 19.3%

$200,001 to $250,000

14.9

12.4

- 16.2%

13.0

11.6

- 11.0%

18.6

14.3

- 23.2%

$250,001 to $300,000

17.2

12.4

- 28.0%

15.6

11.4

- 27.0%

20.9

14.8

- 29.3%

$300,001 and Above

26.1

23.5

- 10.0%

24.5

21.4

- 12.7%

30.0

29.8

- 0.8%

All Price Ranges

15.1

11.3

- 25.3%

14.5

10.5

- 28.0%

15.7

12.2

- 22.0%

By Bedroom Count

6-2011

6-2012

Change

6-2011

6-2012

Change

6-2011

6-2012

Change

2 Bedrooms or Less

15.9

12.2

- 23.1%

15.3

9.7

- 36.8%

16.0

12.6

- 21.2%

3 Bedrooms

13.5

10.0

- 25.6%

12.9

9.3

- 27.3%

14.8

11.7

- 21.1%

4 Bedrooms or More

18.6

13.4

- 27.6%

18.1

13.1

- 27.5%

23.0

16.6

- 27.9%

All Bedroom Counts

15.1

11.3

- 25.3%

14.5

10.5

- 28.0%

15.7

12.2

- 22.0%

All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7


June, 2012 Market Report