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

May 2012

Quick Facts

Spring has brought both change and clarity to our local market. Some sellers are seeing competing bids on their properties which have lead to modest price gains. Buyers have fewer options from which to choose in many submarkets. Headlines and sound bites can often mask regional variability. With fewer distressed properties selling, prices are effectively “melting up” due to less downward pressure. May looked pretty good all around. New Listings in the Coastal Carolinas region were up 14.9 percent for detached homes and 6.9 percent for condos. Pending Sales increased 42.1 percent for singlefamily homes and 31.5 percent for condos. The Median Sales Price was up 0.6 percent to $161,000 for single-family properties but decreased 3.6 percent to $106,000 for condo units. Months Supply of Inventory decreased 26.6 percent for single-family units and 18.5 percent for townhousecondo units. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60day National Flood Insurance Program extension. But with campaign season upon us, major housing-related bills or policy shifts are unlikely.

+ 11.2%

+ 12.5%

+ 9.9%

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 5-2009

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

3,781

- 2.2%

385

547

+ 42.1%

1,836

2,212

+ 20.5%

360

405

+ 12.5%

1,584

1,716

+ 8.3%

161

185

+ 15.0%

176

181

+ 2.9%

$160,000

$161,000

+ 0.6%

$161,770

$161,000

- 0.5%

$196,421

$201,515

+ 2.6%

$208,978

$202,997

- 2.9%

93.9%

95.2%

+ 1.4%

94.3%

95.1%

+ 0.8%

138

154

+ 11.5%

138

154

+ 11.5%

4,810

4,077

- 15.2%

--

--

--

14.7

10.8

- 26.6%

--

--

--

5-2012

Months Supply of Homes for Sale 5-2009

3,868

5-2012

Inventory of Homes for Sale 5-2009

+ 14.9%

5-2012

Housing Affordability Index 5-2009

792

5-2012

Percent of List Price Received 5-2009

689

5-2012

Average Sales Price 5-2009

+/–

5-2012

Median Sales Price 5-2009

YTD 2011 YTD 2012

5-2012

Days on Market Until Sale 5-2009

+/–

5-2012

Closed Sales 5-2009

5-2012

5-2012

Pending Sales 5-2009

5-2011

5-2012

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 5-2009

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

5-2010

5-2011

3,166

- 4.6%

317

417

+ 31.5%

1,692

1,945

+ 15.0%

353

388

+ 9.9%

1,553

1,567

+ 0.9%

187

171

- 8.7%

178

174

- 2.1%

$110,000

$106,000

- 3.6%

$105,000

$104,900

- 0.1%

$149,441

$145,596

- 2.6%

$138,877

$136,260

- 1.9%

93.8%

93.7%

- 0.1%

93.8%

93.6%

- 0.2%

195

224

+ 0.6%

195

224

+ 0.6%

4,720

3,999

- 15.3%

--

--

--

15.6

12.7

- 18.5%

--

--

--

5-2012

Months Supply of Homes for Sale 5-2009

3,320

5-2012

Inventory of Homes for Sale 5-2009

+ 6.9%

5-2012

Housing Affordability Index 5-2009

592

5-2012

Percent of List Price Received 5-2009

554

5-2012

Average Sales Price 5-2009

+/–

5-2012

Median Sales Price 5-2009

YTD 2011 YTD 2012

5-2012

Days on Market Until Sale 5-2009

+/–

5-2012

Closed Sales 5-2009

5-2012

5-2012

Pending Sales 5-2009

5-2011

5-2012

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.

May

Year to Date

807

4,448

792 689

3,868

650

2010

2011

2012

-14.6%

+14.9%

Single-Family

2010

3,781

3,855 3,320

592

554

2011

2012

-14.8%

+6.9%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

735

- 7.7%

597

- 10.0%

July

649

- 18.7%

551

- 6.1%

August

715

- 5.3%

562

- 14.6%

September

607

- 14.1%

508

- 14.0%

October

636

- 4.9%

545

- 2.3%

November

603

- 2.0%

551

+ 5.2%

December

454

- 8.5%

443

+ 2.8%

January

758

- 1.2%

693

+ 6.6%

February

698

- 9.4%

610

- 2.1%

March

800

- 11.3%

663

- 12.6%

April

733

- 0.9%

608

- 17.2%

May

792

+ 14.9%

592

+ 6.9%

Total

8,180

- 6.0%

7,058

- 5.6%

Month

2011

2012

-13.0%

-2.2%

Single-Family

2010

3,166

2011

2012

-13.9%

-4.6%

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.

May

Year to Date 547

2,212

417

1,787

1,945

1,836 1,692

385

1,549

300

2010

291

2011

2012

+28.3%

+42.1%

Single-Family

2010

317

2011

2012

+8.9%

+31.5%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

365

+ 11.6%

279

- 12.3%

July

391

+ 23.0%

272

0.0%

Month

2011

2012

+2.7%

+20.5%

Single-Family

2010

2011

2012

+9.2%

+15.0%

Condo

August

361

+ 10.7%

330

+ 1.9%

September

345

+ 22.3%

263

- 10.2%

October

326

0.0%

264

- 14.8%

November

294

+ 5.4%

232

- 5.3%

December

248

+ 3.8%

189

+ 6.8%

January

331

+ 12.6%

320

+ 18.1%

February

400

+ 16.3%

346

+ 4.2%

March

474

+ 11.0%

414

+ 4.3%

April

460

+ 19.2%

448

+ 19.5%

May

547

+ 42.1%

417

+ 31.5%

Total

4,542

+ 15.5%

3,826

+ 4.2%

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.

May

Year to Date 405

384

388

360

353 327

2010

2011

2012

-6.3%

+12.5%

Single-Family

2010

1,716 1,527

2011

2012

+8.0%

+9.9%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

405

- 11.6%

355

+ 6.6%

July

349

+ 10.8%

284

0.0%

August

390

+ 18.2%

288

- 8.6%

September

353

+ 9.6%

298

- 2.0%

Month

1,584

1,553

1,567

1,437

2011

2012

+3.7%

+8.3%

Single-Family

2010

2011

2012

+8.1%

+0.9%

Condo

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%

210

0.0%

February

293

+ 16.3%

270

+ 13.0%

March

382

+ 5.2%

350

- 7.7%

April

363

- 0.8%

349

- 6.2%

May

405

+ 12.5%

388

+ 9.9%

Total

4,213

+ 8.5%

3,597

- 1.4%

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.

May

Year to Date 187

185 162

2010

171

164

161

2011

2012

-0.4%

+15.0%

Single-Family

2010

2011

2012

+13.8%

-8.7%

173

2010

Condo

176

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

184

+ 13.9%

183

+ 2.2%

July

182

+ 7.8%

185

+ 8.9%

Month 181

178 167

2011

2012

+1.6%

+2.9%

Single-Family

2010

174

2011

2012

+6.2%

-2.1%

Condo

August

174

+ 8.8%

176

+ 1.5%

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

- 2.1%

February

186

+ 17.1%

184

+ 5.0%

March

177

- 4.2%

167

- 2.2%

April

176

- 3.0%

171

- 0.4%

May

185

+ 15.0%

171

- 8.7%

Total

182

+ 5.6%

178

+ 0.2%

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.

May

Year to Date

$166,500

$160,000 $161,000

$172,900 $161,770 $161,000 $121,000 $110,000

$120,000

$106,000

$105,000 $104,900

2010

2011

2012

-3.9%

+0.6%

2010

Single-Family

2011

2012

-9.1%

-3.6%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

178,000

+ 8.3%

117,500

- 4.9%

July

162,250

- 13.1%

110,000

- 4.3%

August

163,000

- 16.4%

99,950

- 13.1%

September

164,250

- 3.4%

108,750

- 5.4%

Month

2011

2012

-6.4%

-0.5%

2010

Single-Family

2011

2012

-12.5%

-0.1%

Condo

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%

93,500

- 13.0%

February

170,500

+ 3.3%

95,000

- 5.0%

March

160,000

- 10.6%

104,500

- 5.0%

April

159,000

+ 0.7%

115,500 + 15.5%

May

161,000

+ 0.6%

106,000

- 3.6%

Median

164,000

- 3.5%

108,000

- 6.1%

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.

May

Year to Date

$220,657

$216,837 $196,421

$201,515

$208,978

$202,997

$148,742 $149,441 $145,596

2010

2011

2012

- 11.0%

+ 2.6%

2010

Single-Family

2011

2012

+ 0.5%

- 2.6%

Condo

$149,408

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

225,291

+ 6.5%

146,627

- 1.1%

July

203,465

- 6.1%

145,251

- 8.6%

Month

2011

2012

- 3.6%

- 2.9%

2010

Single-Family

$138,877 $136,260

2011

2012

- 7.0%

- 1.9%

Condo

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%

November

205,868

- 11.5%

132,004

- 17.3%

December

221,155 + 12.9%

132,909

- 4.8%

January

203,310

+ 5.2%

123,429

- 14.0%

February

205,635

- 1.6%

129,473

+ 3.1%

March

210,484

- 9.1%

131,147

- 8.8%

April

194,523

- 7.0%

143,895 + 10.8%

May

201,515

+ 2.6%

145,596

- 2.6%

Average

191,856

- 2.5%

137,779

- 4.5%

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.

May

Year to Date 94.6%

95.3%

2010

93.9%

95.2%

2011

2012

-1.5%

+1.4%

94.3%

2010

Single-Family

93.8%

94.3%

95.1%

94.2%

93.8%

93.6%

93.7%

2011

2012

-0.5%

-0.1%

Condo

2010

2011

2012

-0.3%

+0.8%

Single-Family

2010

2011

2012

-0.4%

-0.2%

Condo

Month

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

94.4%

- 0.4%

93.3%

- 0.2%

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%

92.7%

- 1.7%

February

95.3%

+ 0.8%

93.3%

- 0.4%

March

94.6%

- 0.7%

93.0%

- 0.5%

April

95.0%

+ 1.2%

94.7%

+ 0.9%

May

95.2%

+ 1.4%

93.7%

- 0.1%

Average

89.3%

+ 0.7%

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.

May

Year to Date 224

224

195

195

173

173

154 128

2010

154

138

128

2011

2012

+7.5%

+11.5%

Single-Family

2010

2011

2012

+17.5%

+0.6%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

128

+ 8.1%

187

+ 12.6%

July

138

- 3.3%

196

+ 7.4%

Month

138

2011

2012

+7.5%

+11.5%

Single-Family

2010

2011

2012

+17.5%

+0.6%

Condo

Historical Housing Affordability Index

August

141

+ 13.5%

216

+ 4.5%

September

142

+ 18.8%

206

+ 13.7%

October

138

+ 6.6%

210

+ 8.0%

November

147

+ 10.7%

232

+ 10.9%

December

143

+ 14.4%

208

+ 20.4%

January

148

+ 5.3%

235

+ 5.6%

February

144

+ 7.8%

238

+ 21.6%

March

150

+ 10.4%

220

+ 17.2%

April

153

+ 22.3%

207

+ 15.7%

May

154

+ 11.5%

224

+ 0.6%

Average

144

+ 10.5%

215

+ 11.5%

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.

May 5,566

5,334 4,810

4,720 4,077

2010

2011 -9.8% Single-Family

3,999

2010

2012

2011 -15.2% Condo

-15.2%

2012 -15.3%

Month

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

4,804

- 9.3%

4,696

- 13.8%

July

4,707

- 11.1%

4,634

- 14.3%

August

4,662

- 10.8%

4,544

- 14.3%

September

4,552

- 11.6%

4,470

- 13.4%

October

4,528

- 10.5%

4,427

- 11.1%

November

4,497

- 10.1%

4,439

- 9.6%

December

4,233

- 10.6%

4,283

- 9.0%

January

4,290

- 9.8%

4,338

- 7.2%

February

4,276

- 11.4%

4,339

- 7.4%

March

4,239

- 13.8%

4,273

- 9.4%

April

4,207

- 13.6%

4,109

- 13.5%

May

4,077

- 15.2%

3,999

- 15.3%

Average

3,273

- 15.8%

4,083

- 15.0%

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.

May

SingleFamily

YoY Chg.

Condo

YoY Chg.

June

14.5

- 9.6%

16

- 17.2%

July

14.0

- 12.8%

15.5

- 18.3%

Month

19.7 16.3

15.6

14.7

12.7 10.8

2010

2011 -10.0% Single-Family

2012

2010

-26.6%

2011 -21.0% Condo

2012 -18.5%

Historical Months Supply of Inventory

August

13.7

- 13.8%

15.2

- 17.8%

September

13.2

- 17.0%

15.0

- 16.4%

October

13.1

- 16.3%

15.1

- 12.7%

November

13.0

- 15.8%

15.2

- 9.8%

December

12.2

- 16.7%

14.6

- 9.9%

January

12.2

- 16.8%

14.6

- 9.8%

February

12.0

- 18.9%

14.5

- 8.5%

March

11.8

- 21.2%

14.2

- 9.4%

April

11.5

- 24.1%

13.4

- 15.2%

May

10.8

- 26.6%

12.7

- 18.5%

Average

9.9

- 26.4%

12.8

- 18.4%

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


Grand Strand Market Report May 2012 After a sluggish SFR and Condo sales performance in April, May’s performance marked a solid improvement. For the month, SFR sales surged 16.6% from April and 22.3% from May, 2011. Year to date, SFR sales are up 8.7% from 2011 levels. Consistent with prior levels, SFR Median Sales Price remains at $170,000. SFR inventory continues to seasonally increase, however the current inventory is down approximately 6% from 2011 levels. It is anticipated that the inventory has peaked and will begin declining in June. For the fourth consecutive month, condo sales activity improved and experienced one of its strongest months since 2007 with 383 sales. This performance is 9.4% better than May, 2011. Condo inventory continues to remain flat in 2012 and down 9.3% as compared to prior year levels. Sales continue to improve at the expense of Median Sales Price. Driven by cash transactions and distressed sales prices, the median sale price continues to hover around $106,000. Residential lot sales activity continues to improve as lot prices continue sell at historically low prices. YTD, there have been 442 lot sales, a 68% increase over 2011, with a median sales price of $32,000.

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.

3,921

Georgetown Co. Total

4,282

Georgetown Co.

856

Residential Lot Horry Co.

434 Total

4,777

# Listings 1,939

Georgetown Co.

751 Total

4,716

2,690

Average List Price

$339,456

Average List Price

$189,779

Average List Price

$131,319

Median List Price

$220,900

Median List Price

$134,500

Median List Price

$63,450

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

1,148

104

$150k - $250k

1,376

151

$250k - $500k

1,002

323

$500k - $1.0 MM $1 MM +

298 97

Horry Co.

G’town Co.

Less than $100k

1,448

63

$100k - $150k

1,097

85

$150k - $200k

613

76

$200k - $400k

819

114

173 105

$400k -$750k

250

64

$750+

55

32

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

358

51

$25k - $50k

640

93

$50k - $75k

295

76

$75k-100k

193

96

$100k-175k

198

147

$175k -250k

109

126

$250k+

146

162

2


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

May 2011 5,087

# of Listings

5,200 5,000 4,800

May 2012 4,777

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

Grand Strand Distressed SFR Listings # of Distressed Listings

950 900

May 2011 880

850 800

May 2012 807

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

May 2011 5,198 May 2012 4,716

Grand Strand Distressed Condo Listings 1000

May 2011 889

900

May 2012 801

850

800 750

Research performed by SiteTech Systems

May-12

Apr-12

Mar-12

Feb-12

Jan-12

Dec-11

Nov-11

Oct-11

Sep-11

Jul-11

Aug-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

700 May-10

# of Distressed

950

4


Closed Sales - SFR Year to Date

May 373

356

1,582

320

1,455 1,404

2010

2011

2012

2010

2011

2012

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

May 2012 373

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

5


Average Sales Price - SFR Year to Date

May $231,848

$230,105

$224,731 $218,507

$215,225

$211,146

2010

2011

2012

2010

2011

2012

Historical Activity $375,000 $345,000 $315,000 $285,000

May 2012 $211,146

$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

6


Median Sales Price - SFR Year to Date

May

$180,000

$175,000

$174,000 $170,000

2010

2011

2012

2010

$170,000

$169,900

2011

2012

Historical Activity $250,000 $240,000 $230,000 $220,000 $210,000

$200,000

May 2012 $170,000

$190,000 $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

7


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

$225,000

$200,000

Non-Distressed

$175,000

Distressed Combined $150,000

$125,000

May-12

Apr-12

Mar-12

Research performed by SiteTech Systems

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

Aug-10

Jul-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


Research performed by SiteTech Systems May-12

Apr-12

12-Mar

12-Feb

12-Jan

Dec-11

11-Nov

11-Oct

Aug-11

Jul-11

Jun-11

May-11

Apr-11

Mar-11

Feb-11

Jan-11

Dec-10

Nov-10

Oct-10

Sep-10

Aug-10

Jul-10

Jun-10

May-10

Apr-10

Mar-10

Feb-10

Jan-10

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%

10


Sold to List Price Ratio - SFR May

Year to Date 91%

90% 89%

90%

88% 89%

2010

2011

2010

2012

2011

2012

Historical Activity 99 97 95

May 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

11


Closed Sales - Condo May

Year to Date

1,541

383

1,561

350 327

1,435

2010

2011

2010

2012

2011

2012

Historical Activity 1050 850

May 2012 383

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

12


Average Sales Price - Condo May

Year to Date $149,155

$148,700

$149,876

$139,552

$145,017

2010

2011

$135,146

2012

2010

2011

2012

Historical Activity $400,000 $350,000 $300,000

$250,000

May 2012 $145,017

$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

13


Median Sales Price - Condo May

Year to Date

$120,000

$122,000 $110,000

2010

2011

$106,900 $106,000

2010

2012

$105,000

2011

2012

Historical Activity $275,000 $255,000 $235,000 $215,000 $195,000 $175,000 $155,000 $135,000 $115,000 $95,000 $75,000 Jan 05

May 2012 $106,000

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

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

$60,000

Research performed by SiteTech Systems

15


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

$150,000

$130,000

Cash

$110,000

Conventional Combined $90,000

$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 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12

$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

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 May

Year to Date

88%

89%

86%

87% 86%

2010

85%

2011

2012

2010

2011

2012

Historical Activity 105 100

May 2012 89%

95 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

18


Closed Sales – Residential Lot May

Year to Date 85

442

51

2010

263

237

43

2011

2010

2012

2011

2012

Historical Activity 310 260 210

May 2012 85

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

19


Average Sales Price – Residential Lot May

Year to Date

$88,812

$78,182

$74,944

2010

$63,347

$59,060

$56,767

2011

2012

2010

2011

2012

Historical Activity $300,000 $250,000 $200,000

May 2012 $59,060

$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

20


Median Sales Price – Residential Lot May

Year to Date

$44,900

$50,000

$38,000 $32,000

$30,000

2010

$26,175

2011

2012

2010

2011

2012

Historical Activity $150,000 $125,000 $100,000

May 2012 $26,175

$75,000 $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

21


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

Year to Date $59,000

$72,000 $57,400

$56,550

$56,250

$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 $-

May 2012 $56,250

Jan 10

Apr 10

Jul 10

Oct 10

Jan 11

Apr 11

Research performed by SiteTech Systems

Jul 11

Oct 10

Jan 12

22


Sold to List Price Ratio – Residential Lot May

Year to Date

77%

76% 76% 72%

70%

69%

2010

2011

2012

2010

2011

2012

Historical Activity 110 100

May 2012 70%

90 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

23


Grand Strand Distressed Inventory Single Family Residential

Condo/Townhome

# Listings

Residential Lot # Listings

# Listings

Horry Co.

726

Horry Co.

767

Horry Co.

325

Georgetown Co.

81

Georgetown Co.

34

Georgetown Co.

74

Total

Total

807

Total

801

Average List Price

$199,917

Average List Price

$119,857

Median List Price

$139,900

Median List Price

$89,900

399

Average List Price

$72,382

Median List Price

$30,000

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

428

33

$150k - $250k

179

18

$250k - $500k

89

17

$500k - $1.0 MM

26

9

$1 MM +

4

4

Horry Co.

G’town Co.

Less than $100k

455

16

$100k - $150k

132

8

$150k - $200k

74

3

$200k - $400k

93

1

$400k -$750k

13

6

-

-

$750+

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

136

8

$25k - $50k

98

14

$50k - $75k

34

8

$75k-100k

17

17

$100k-175k

20

9

$175k -250K

9

12

$250K +

11

6

24


Distressed Sales SFR

Total 228219 213 210 210 189191170177 185 180 170 165 165 161 159 154157 116

Nov

Feb

May

August

Nov

Feb

May

Condo

116 106

100 84

81

82 81 80

Feb

May

August

67

55

Nov

99

111

102

89 95

87

78

72

Nov

77

Feb

May

% Total Sales 44

110

112113108 92 101 92

61

Nov

Feb

May

88 96 81 87 76 75 82 70

August

Nov

Feb

37 38

111103 99

34 34

26

May

Nov

Feb

Research performed by SiteTech Systems

32 33 30 29 29 30 29 28

May

August

Nov

37

32 33

Feb

28 28

May

25


Be sure to check out our new website for daily updates and breaking news in the real estate and financial markets, also… “Like” us on Facebook – www.facebook.com/SiteTechSystems Follow us on Twitter – @SiteTechSystems www.sitetechsystems.com


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

May 2012

Quick Facts

We're nearly through the spring market. Did you blink and miss it? Important changes have taken place that will set the scene for the coming months and years. For the 12-month period spanning June 2011 through May 2012, Closed Sales in the Coastal Carolinas region were up 3.8 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 9.2 percent. The overall Median Sales Price was down 4.8 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.5 percent to $164,000. 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 216 days. Market-wide, inventory levels were down 15.3 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.2 percent. That amounts to 10.8 months supply for SingleFamily homes and 12.7 months supply for Condos.

+ 9.2%

+ 11.5%

+ 7.6%

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 5-2011

By Property Type

By Bedroom Count

5-2012

5-2011

5-2011

5-2012 3,736

4,136

5-2012

3,796 3,702

3,789

2,251

2,303 3,439

1,331

1,248

1,331 814

810

1,008 544

3,416 3,358

1,392

919

572

+ 9.2%

0.0%

- 0.5%

+ 5.1%

- 8.8%

+ 2.3%

+ 1.6%

+ 11.5%

+ 7.6%

- 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

Single-Family Homes

Condos

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

$150,000 and Below

3,789

4,136

+ 9.2%

1,458

1,752

+ 20.2%

2,331

2,384

+ 2.3%

$150,001 to $200,000

1,331

1,331

0.0%

836

849

+ 1.6%

495

482

- 2.6%

$200,001 to $250,000

814

810

- 0.5%

549

546

- 0.5%

265

264

- 0.4%

$250,001 to $300,000

544

572

+ 5.1%

350

392

+ 12.0%

194

180

- 7.2%

$300,001 and Above

1,008

919

- 8.8%

689

674

- 2.2%

319

245

- 23.2%

All Price Ranges

7,486

7,768

+ 3.8%

3,439

3,702

+ 7.6%

3,416

3,358

- 1.7%

By Bedroom Count

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

2 Bedrooms or Less

2,251

2,303

+ 2.3%

240

274

+ 14.2%

2,011

2,029

+ 0.9%

3 Bedrooms

3,736

3,796

+ 1.6%

2,524

2,679

+ 6.1%

1,212

1,117

- 7.8%

4 Bedrooms or More

1,248

1,392

+ 11.5%

1,117

1,260

+ 12.8%

131

132

+ 0.8%

All Bedroom Counts

7,486

7,768

+ 3.8%

3,439

3,702

+ 7.6%

3,416

3,358

- 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 5-2011

5-2011

199

192 166

168

By Property Type

By Bedroom Count

5-2012

174

176

182

211

5-2011

5-2012 195

216

196

5-2012 182

178

178

178 179 174

175 172

169

+ 1.0%

+ 10.2%

+ 3.6%

+ 12.0%

+ 2.3%

+ 0.3%

+ 5.7%

+ 0.6%

+ 5.6%

+ 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

5-2011

5-2012

$150,000 and Below

166

$150,001 to $200,000

174

$200,001 to $250,000

176

$250,001 to $300,000

178

$300,001 and Above All Price Ranges

By Bedroom Count

Single-Family Homes

Condos

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

168

+ 1.0%

159

171

+ 7.2%

171

166

- 3.0%

192

+ 10.2%

165

180

+ 9.3%

190

213

+ 12.4%

182

+ 3.6%

167

179

+ 7.4%

196

189

- 3.4%

199

+ 12.0%

172

192

+ 11.6%

190

220

+ 15.9%

211

216

+ 2.3%

219

216

- 1.5%

192

217

+ 12.8%

175

180

+ 3.2%

172

182

+ 5.6%

178

178

+ 0.5%

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

2 Bedrooms or Less

174

175

+ 0.3%

163

180

+ 10.9%

175

174

- 0.9%

3 Bedrooms

169

179

+ 5.7%

163

177

+ 8.4%

181

183

+ 1.0%

4 Bedrooms or More

195

196

+ 0.6%

194

192

- 0.9%

199

228

+ 14.7%

All Bedroom Counts

175

180

+ 3.2%

172

182

+ 5.6%

178

178

+ 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 5-2011

By Property Type 5-2011

5-2012 $266,995

5-2012 $170,000

$251,248

$145,000

$164,000

$138,000 $114,000

$155,000 $97,500

$108,000

$150,000

$90,000

- 7.7%

- 3.2%

- 5.9%

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

- 4.8%

All Properties

- 3.5%

All Properties

Single-Family Homes

Single-Family Homes

- 5.3% Condos

Condos

By Bedroom Count

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

2 Bedrooms or Less

$97,500

$90,000

- 7.7%

$109,000

$95,000

- 12.8%

$96,000

$90,000

- 6.3%

3 Bedrooms

$155,000

$150,000

- 3.2%

$155,000

$148,693

- 4.1%

$155,000

$157,475

+ 1.6%

4 Bedrooms or More

$266,995

$251,248

- 5.9%

$261,990

$249,775

- 4.7%

$290,000

$310,000

+ 6.9%

All Bedroom Counts

$145,000

$138,000

- 4.8%

$170,000

$164,000

- 3.5%

$114,000

$108,000

- 5.3%

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 5-2011

5-2011

95.2%

By Property Type

By Bedroom Count

5-2012

95.1%

5-2011

5-2012

94.6%

95.4% 95.2%

94.7%

94.5%

94.9% 94.8%

5-2012 94.6%

94.1% 93.8% 93.8%

93.5% 93.5% 93.1%

93.6% 93.1%

93.3%

93.0%

0.0%

- 0.1%

- 0.1%

- 0.2%

+ 0.8%

- 0.1%

+ 0.1%

+ 0.3%

+ 0.1%

- 0.3%

$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

5-2011

5-2012

$150,000 and Below

93.5%

$150,001 to $200,000

95.2%

$200,001 to $250,000 $250,001 to $300,000

Single-Family Homes

Condos

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

93.5%

0.0%

93.7%

93.8%

+ 0.1%

93.5%

93.2%

- 0.3%

95.1%

- 0.1%

95.9%

95.7%

- 0.2%

94.0%

94.0%

0.0%

94.9%

94.8%

- 0.1%

95.6%

95.7%

+ 0.1%

93.5%

93.2%

- 0.3%

95.4%

95.2%

- 0.2%

96.2%

96.0%

- 0.2%

93.7%

93.3%

- 0.4%

$300,001 and Above

93.1%

93.8%

+ 0.8%

92.7%

93.7%

+ 1.1%

94.0%

94.0%

0.0%

All Price Ranges

94.0%

94.0%

0.0%

94.5%

94.6%

+ 0.1%

93.6%

93.3%

- 0.3%

By Bedroom Count

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

2 Bedrooms or Less

93.1%

93.0%

- 0.1%

91.9%

91.6%

- 0.3%

93.3%

93.2%

- 0.1%

3 Bedrooms

94.6%

94.7%

+ 0.1%

95.0%

95.1%

+ 0.1%

93.9%

93.8%

- 0.1%

4 Bedrooms or More

93.8%

94.1%

+ 0.3%

93.9%

94.1%

+ 0.2%

93.6%

93.8%

+ 0.2%

All Bedroom Counts

94.0%

94.0%

0.0%

94.5%

94.6%

+ 0.1%

93.6%

93.3%

- 0.3%

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 5-2011

By Property Type

By Bedroom Count

5-2012

5-2011

5-2011

5-2012

5-2012

4,212

4,028

4,810

3,576

3,381

4,720 4,077

3,010

3,999

2,572 2,193

2,011

1,936

1,685

1,579 1,257 955

863

775

639

- 16.1%

- 20.4%

- 9.6%

- 17.5%

- 11.7%

- 14.6%

- 15.1%

- 16.2%

- 15.2%

- 15.3%

$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

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

$150,000 and Below

4,028

3,381

- 16.1%

1,464

1,143

- 21.9%

2,564

2,238

- 12.7%

$150,001 to $200,000

1,579

1,257

- 20.4%

873

696

- 20.3%

706

561

- 20.5%

$200,001 to $250,000

955

863

- 9.6%

559

530

- 5.2%

396

333

- 15.9%

$250,001 to $300,000

775

639

- 17.5%

471

397

- 15.7%

304

242

- 20.4%

$300,001 and Above

2,193

1,936

- 11.7%

1,443

1,311

- 9.1%

750

625

- 16.7%

All Price Ranges

9,530

8,076

- 15.3%

4,810

4,077

- 15.2%

4,720

3,999

- 15.3%

By Bedroom Count

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

2 Bedrooms or Less

3,010

2,572

- 14.6%

297

250

- 15.8%

2,713

2,322

- 14.4%

3 Bedrooms

4,212

3,576

- 15.1%

2,746

2,340

- 14.8%

1,466

1,236

- 15.7%

4 Bedrooms or More

2,011

1,685

- 16.2%

1,766

1,485

- 15.9%

245

200

- 18.4%

All Bedroom Counts

9,530

8,076

- 15.3%

4,810

4,077

- 15.2%

4,720

3,999

- 15.3%

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 5-2011

By Property Type

By Bedroom Count

5-2012

5-2011

5-2012

5-2011

5-2012

18.7 25.5

23.9

12.6 16.7 14.2

14.1

12.6

12.4

15.6

14.7

16.0

12.7

13.5

13.4

10.8 10.5

12.7

10.5

9.1

- 28.3%

- 25.3%

- 12.2%

- 24.4%

- 6.2%

- 21.5%

- 21.5%

- 27.9%

- 26.6%

- 18.5%

$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

5-2011

Single-Family Homes

Condos

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

$150,000 and Below

12.6

9.1

- 28.3%

11.8

7.1

- 39.6%

13.2

10.5

- 20.1%

$150,001 to $200,000

14.1

10.5

- 25.3%

12.7

9.0

- 29.2%

16.3

13.3

- 18.0%

$200,001 to $250,000

14.2

12.4

- 12.2%

12.6

11.2

- 10.5%

17.3

15.0

- 13.4%

$250,001 to $300,000

16.7

12.7

- 24.4%

15.1

11.5

- 23.5%

20.2

15.0

- 25.3%

$300,001 and Above

25.5

23.9

- 6.2%

24.1

21.9

- 9.1%

28.6

29.5

+ 3.3%

All Price Ranges

15.1

11.7

- 22.9%

14.7

10.8

- 26.6%

15.6

12.7

- 18.5%

By Bedroom Count

5-2011

5-2012

Change

5-2011

5-2012

Change

5-2011

5-2012

Change

2 Bedrooms or Less

16.0

12.6

- 21.5%

14.7

10.2

- 30.7%

16.2

12.9

- 20.3%

3 Bedrooms

13.4

10.5

- 21.5%

13.0

9.7

- 25.4%

14.2

12.5

- 12.0%

4 Bedrooms or More

18.7

13.5

- 27.9%

18.3

13.1

- 28.1%

22.8

17.1

- 24.8%

All Bedroom Counts

15.1

11.7

- 22.9%

14.7

10.8

- 26.6%

15.6

12.7

- 18.5%

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 | 7


May 2012 Market Reports