Page 1

Grand Strand Market Report November 2012 The sales momentum from the third quarter and October carried into November. For November, Single Family Residential (SFR) sale activity was strong as sales volume was up 12.6% as compared to November, 2011. Year to date (YTD), SFR sales are up 15.6% versus comparable 2011 levels. Coupled with strong sales, SFR inventory continued its seasonal decline and is flat to last year’s inventory level. Distressed SFR listings continued to decline, falling for the seventh straight month. Offsetting strong sales, the median sales price of SFR sales fell to $154,950 for November. For 2012, the median sales price of SFRs is off 3.15% as compared to 2011. Similar to SFR, condo sales activity was very strong. For November, condo sales were up 28.4% as compared to November, 2011. The recent strong months of sales have resulted in condo sales being up 10.5% versus YTD 2011. Condo inventory continued to decline, falling for the eight straight month. The current inventory of condos is down 12.3% versus 2011 levels. Condo sales prices have stabilized and were up slightly in November at $105,500. YTD, condo sales prices are at $104,000, a 3.7% drop since 2011. The affordability of residential lots resulted in 114 lot sales in November. YTD, residential lot sales are up 40% while the median sales price is flat 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.

3,724

Georgetown Co. Total

3,748

Georgetown Co.

842

Residential Lot Horry Co.

380 Total

4,566

# Listings 1,819

Georgetown Co.

742 Total

4,128

2,561

Average List Price

$338,474

Average List Price

$188,441

Average List Price

$126,425

Median List Price

$224,900

Median List Price

$132,950

Median List Price

$60,000

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

1,052

88

Less than $100k

$150k - $250k

1,347

188

$250k - $500k

977

291

$500k - $1.0 MM $1 MM +

260 88

Horry Co.

G’town Co.

1,305

49

$100k - $150k

914

81

$150k - $200k

593

67

$200k - $400k

684

93

159 116

$400k -$750k

200

61

$750+

52

29

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

322

58

$25k - $50k

654

85

$50k - $75k

261

79

$75k-100k

180

107

$100k-175k

190

142

$175k -250k

93

129

$250k+

119

142

2


Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,200

November 2012 4,566

# of Listings

5,000

4,800

November 2011 4,568

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

Grand Strand Distressed SFR Listings # of Distressed Listings

950 900 850 800

November 2011 760

November 2012 689

750 700 650 600

Research performed by SiteTech Systems

3


Grand Strand Condo Inventory Trends # of Listings

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

November 2011 4,710

November 2012 4,128

Grand Strand Distressed Condo Listings 1000 950 # of Distressed

900 850

November 2011 783

800

November 2012 626

750 700 650 600

Research performed by SiteTech Systems

4


Closed Sales - SFR Year to Date

November 356

316 243

2010

2011

2012

3,213

3,447

2010

2011

3,986

2012

Historical Activity 550 500

450

March 2005 500

November 2012 356

400 350

300 250 200

January 2009 149

150

100 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

5


Average Sales Price - SFR November

Year to Date

$246,602

$212,797

$232,900 $200,137

$224,184 $213,890

2010

2011

2012

2010

2011

2012

Historical Activity $375,000

March 2007 $346,428

$345,000 $315,000 $285,000

September 2012 $197,947

$255,000

November 2012 $200,137

$225,000 $195,000 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

6


Median Sales Price - SFR Year to Date

November $188,345

$163,800

$185,000

$154,950

$172,425

2010

2011

2010

2012

2011

$167,000

2012

Historical Activity $250,000 $240,000

June 2006 $242,310

$230,000 $220,000 $210,000 $200,000

September 2012 November 2012 $154,950 $159,900

$190,000

$180,000 $170,000 $160,000

$150,000 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 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

$100,000

Research performed by SiteTech Systems

8


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

$215,000

$205,000

$195,000

$185,000

$175,000

Cash Conventional Combined

$165,000

$155,000

$145,000

$135,000

$125,000

Research performed by SiteTech Systems

9


SFR Sales % Cash vs. % Conventional 80.0%

70.0%

60.0%

50.0%

40.0%

% Cash % Conventional

30.0%

20.0%

10.0%

0.0%

Research performed by SiteTech Systems

10


Sold to List Price Ratio - SFR November

Year to Date 91%

91% 88%

89%

87%

2010

2011

88%

2010

2012

2011

2012

Historical Activity 99 97

Nov '05- Jan '06 98% November 2012 91%

95 93 91 89 87

April 2011 86%

85 83 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

11


Closed Sales - Condo November

Year to Date 3,604 303

250

236

3,192

2010

2011

2012

2010

3,263

2011

2012

Historical Activity 1050 850

May 2006 845

November 2012 303

650

January 2009 117

450 250 50 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

12


Average Sales Price - Condo November

Year to Date

$156,626 $130,017

$149,616

$135,000

$139,319

$134,080

2010

2011

2010

2012

2011

2012

Historical Activity $400,000

June 2007 $348,053

$350,000

$300,000 $250,000

December 2010 $105,000

$200,000

November 2012 $135,000

$150,000

$100,000 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

13


Median Sales Price - Condo November

Year to Date

$120,000 $115,000

2010

$94,900

2011

$105,500

$108,000

2010

2012

$104,000

2011

2012

Historical Activity $275,000

June 2007 $249,921

$225,000

$175,000

November 2011 $93,450

$125,000

$75,000 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

November 2012 $105,500

Nov 12

14


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

$130,000

$120,000

$110,000

$100,000

Non-Distressed Distressed Combined

$90,000

$80,000

$70,000

$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

$50,000

Research performed by SiteTech Systems

16


Condo Sales % Cash vs. % Conventional 80.0%

70.0%

60.0%

50.0%

40.0%

% Cash % Conventional

30.0%

20.0%

10.0%

0.0%

Research performed by SiteTech Systems

17


Sold to List Price Ratio - Condo November

Year to Date 88% 88%

86%

87%

85% 84%

2010

2011

2012

2010

2011

2012

Historical Activity 105

100

Nov & Dec 2005 98%

November 2012 87%

95

April & May 2009 81%

90 85

80 75 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

18


Closed Sales – Residential Lot November

Year to Date 114

991

89

708 532 42

2010

2011

2010

2012

2011

2012

Historical Activity 310 260

April 2006 266

210

November 2012 114

160

January 2009 11

110 60

10 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

19


Average Sales Price – Residential Lot November

Year to Date

$85,520

$114,210 $63,350

$64,427

2011

2012

$56,000

$38,122

2010

2011

2010

2012

Historical Activity July 2008 $275,614

$300,000 $250,000

November 2012 October 2011 $56,000

$200,000 $150,000

$35,780

$100,000 $50,000 $0 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

20


Median Sales Price – Residential Lot November

Year to Date $44,900

$40,000 $24,000

$30,000

$30,000

2011

2012

$15,500

2010

2011

2012

2010

Historical Activity $150,000 $125,000

November 2005 $136,770

$100,000

November 2011 $15,000

$75,000

November 2012 $24,000

$50,000 $25,000

$0 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

21


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

Year to Date $55,000

$43,750

2010

$25,500

$25,750

2011

2012

2010

$46,500

$42,900

2011

2012

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

January 2011 $85,000

October 2011 $23,250

Research performed by SiteTech Systems

November 2012 $25,750

22


Sold to List Price Ratio – Residential Lot November

Year to Date

72%

70% 75%

47%

71% 67%

2010

2011

2012

2010

2011

2012

Historical Activity 110 100

November 2005 101%

November 2012 70%

90 80 70 60

November 2011 47%

50

40 Nov 05

Nov 06

Nov 07

Nov 08

Nov 09

Research performed by SiteTech Systems

Nov 10

Nov 11

Nov 12

23


Grand Strand Distressed Inventory Single Family Residential

Condo/Townhome

# Listings

Residential Lot # Listings

# Listings

Horry Co.

614

Horry Co.

590

Horry Co.

261

Georgetown Co.

75

Georgetown Co.

36

Georgetown Co.

87

Total

Total

689

Total

626

Average List Price

$196,967

Average List Price

$118,214

Median List Price

$145,000

Median List Price

$89,900

348

Average List Price

$67,901

Median List Price

$35,350

Distribution by Price Range Horry Co.

G’town Co.

Less than $150k

347

25

$150k - $250k

162

28

$250k - $500k

77

15

$500k - $1.0 MM

24

6

$1 MM +

4

1

Horry Co.

G’town Co.

Less than $100k

356

15

$100k - $150k

103

7

$150k - $200k

62

6

$200k - $400k

60

2

$400k -$750k

8

6

$750+

1

-

Research performed by SiteTech Systems

Horry Co.

G’town Co.

Less than $25k

86

17

$25k - $50k

97

21

$50k - $75k

34

9

$75k-100k

13

16

$100k-175k

15

12

$175k -250K

10

8

$250K +

6

4

24


Distressed Sales SFR

Total

Nov

Jan

Mar

May

Jul

Sept

Nov

Nov

Condo

Jan

Mar

May

Jul

Sept

Nov

% Total Sales 33

37

30

32 33

28 28 29 29 29 29 23

Nov

Jan

Mar

May

Jul

Sept

Nov

Nov

Jan

Research performed by SiteTech Systems

Mar

May

Jul

Sept

25

Nov

25


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

November 2012

Quick Facts

This November, there was a lot to be thankful for. Home buyers were thankful for historically low mortgage rates and still-affordable prices. Sellers were thankful for increased sales, less competition and faster market times. Both parties can be thankful for the slow yet steady economic recovery. Challenges persist, to be sure, going into 2013, but there's more reason for optimism than pessimism. Here's the local scoop. New Listings in the Coastal Carolinas region were up 5.0 percent for detached homes but decreased 18.4 percent for condos. Pending Sales increased 53.8 percent for single-family homes and 32.8 percent for condos. The Median Sales Price was down 4.4 percent to $150,250 for single-family properties but increased 13.6 percent to $104,500 for condo units. Months Supply of Inventory decreased 30.3 percent for single-family units and 32.9 percent for townhouse-condo units. There are three primary avenues to housing recovery: better market fundamentals, improved market composition and more jobs. Many communities are enjoying better fundamentals, such as higher demand and less supply. But many areas are also experiencing a lower overall share of distressed sales activity. In the month ahead, continue to watch hiring and unemployment trends.

+ 18.9%

+ 13.4%

+ 26.8%

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速 Multiple Listing Service. Provided by South Carolina REALTORS速. 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 11-2009

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2009

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

8,054

+ 3.2%

299

460

+ 53.8%

3,917

4,838

+ 23.5%

337

382

+ 13.4%

3,761

4,326

+ 15.0%

182

161

- 12.0%

180

170

- 5.7%

$157,090

$150,250

- 4.4%

$165,000

$160,000

- 3.0%

$205,641

$191,356

- 6.9%

$209,355

$202,018

- 3.5%

94.2%

95.6%

+ 1.5%

94.3%

95.2%

+ 1.0%

147

167

+ 13.9%

147

167

+ 13.9%

4,509

3,854

- 14.5%

--

--

--

13.0

9.1

- 30.3%

--

--

--

11-2012

Months Supply of Homes for Sale 11-2009

7,802

11-2012

Inventory of Homes for Sale 11-2009

+ 5.0%

11-2012

Housing Affordability Index +

635

11-2012

Percent of List Price Received 11-2009

605

11-2012

Average Sales Price 11-2009

+/–

11-2012

Median Sales Price 11-2009

YTD 2011 YTD 2012

11-2012

Days on Market Until Sale 11-2009

+/–

11-2012

Closed Sales 11-2009

11-2012

11-2012

Pending Sales 11-2009

11-2011

11-2012

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 11-2009

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

11-2009

11-2010

11-2011

11-2010

11-2011

11-2010

11-2011

6,169

- 7.1%

235

312

+ 32.8%

3,330

3,902

+ 17.2%

239

303

+ 26.8%

3,284

3,604

+ 9.7%

169

188

+ 11.5%

181

175

- 3.2%

$92,000

$104,500

+ 13.6%

$106,000

$103,100

- 2.7%

$132,004

$135,447

+ 2.6%

$139,507

$134,932

- 3.3%

93.7%

93.4%

- 0.3%

93.5%

93.7%

+ 0.3%

233

233

+ 11.2%

233

233

+ 11.2%

4,461

3,491

- 21.7%

--

--

--

15.3

10.2

- 32.9%

--

--

--

11-2012

Months Supply of Homes for Sale 11-2009

6,639

11-2012

Inventory of Homes for Sale 11-2009

- 18.4%

11-2012

Housing Affordability Index +

456

11-2012

Percent of List Price Received 11-2009

559

11-2012

Average Sales Price 11-2009

+/–

11-2012

Median Sales Price 11-2009

YTD 2011 YTD 2012

11-2012

Days on Market Until Sale 11-2009

+/–

11-2012

Closed Sales 11-2009

11-2012

11-2012

Pending Sales 11-2009

11-2011

11-2012

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.

November 615

605

Year to Date 635

8,781 524

559

7,802

8,054 7,433 6,639

456

2010

2011

2012

-1.6%

+5.0%

Single-Family

2010

2011

2012

+6.7%

-18.4%

2010

Condo

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

456

- 7.7%

444

+ 3.5%

January

761

- 0.7%

697

+ 7.2%

February

702

- 8.8%

608

- 2.3%

March

804

- 10.9%

658

- 13.4%

Month

2011

2012

-11.1%

+3.2%

Single-Family

2010

6,169

2011

2012

-10.7%

-7.1%

April

742

+ 0.3%

617

- 15.8%

May

805

+ 17.2%

601

+ 8.5%

June

752

+ 2.3%

503

- 15.9%

July

691

+ 6.6%

521

- 5.8%

August

756

+ 6.2%

502

- 10.5%

September

682

+ 13.1%

455

- 9.9%

October

724

+ 14.2%

551

+ 1.3%

November

635

+ 5.0%

456

- 18.4%

8,510

+ 2.6%

6,730

- 6.6%

Total

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.

November

Year to Date 460 4,838

280

312

299

3,917

3,902 3,311

244

2010

3,643

2011

2012

+6.8%

+53.8%

Single-Family

2010

3,330

235

2011

2012

-3.7%

+32.8%

2010

Condo

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

258

+ 7.9%

191

+ 7.9%

January

336

+ 14.3%

304

+ 12.2%

Month

2011

2012

+7.5%

+23.5%

Single-Family

2010

2011

2012

+0.6%

+17.2%

February

411

+ 20.5%

337

+ 1.5%

March

471

+ 10.6%

396

- 0.3%

April

434

+ 12.4%

427

+ 13.9%

May

474

+ 23.1%

357

+ 13.0%

June

455

+ 24.7%

345

+ 23.7%

July

432

+ 9.6%

340

+ 25.5%

August

447

+ 25.6%

369

+ 11.8%

September

405

+ 18.8%

353

+ 34.2%

October

513

+ 55.5%

362

+ 38.7%

November

460

+ 53.8%

312

+ 32.8%

5,096

+ 22.6%

4,154

+ 17.0%

Total

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.

November

Year to Date 4,326

382 3,761

337

255

2010

250

2011

2012

+32.2%

+13.4%

Single-Family

2010

3,604

3,495

303

3,196

3,284

239

2011

2012

-4.4%

+26.8%

2010

Condo

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

323

- 1.8%

259

- 11.3%

January

273

+ 12.3%

210

0.0%

February

296

+ 17.5%

270

+ 13.0%

March

386

+ 6.6%

354

- 6.6%

Month

2011

2012

+7.6%

+15.0%

Single-Family

2010

2011

2012

+2.8%

+9.7%

April

368

+ 0.5%

355

- 4.8%

May

428

+ 18.9%

405

+ 14.7%

June

454

+ 12.1%

393

+ 10.7%

July

451

+ 29.2%

311

+ 9.5%

August

467

+ 19.4%

354

+ 22.5%

September

398

+ 12.7%

290

- 2.7%

October

423

+ 23.3%

359

+ 35.5%

November

382

+ 13.4%

303

+ 26.8%

4,649

+ 13.7%

3,920

+ 8.3%

Total

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.

November

Year to Date

171

2011

2012

+6.9%

-12.0%

Single-Family

171

169

161

2010

188

183

182

2010

2011

2012

-7.7%

+11.5%

2010

Condo

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

176

+ 0.3%

165

- 10.7%

January

183

- 6.7%

183

- 1.9%

Month

180 170

2011

2012

+5.6%

-5.7%

Single-Family

172

2010

181

175

2011

2012

+5.2%

-3.2%

Condo

February

185

+ 16.4%

184

+ 5.0%

March

177

- 3.6%

166

- 2.7%

April

176

- 3.5%

170

- 1.0%

May

182

+ 13.0%

170

- 9.3%

June

175

- 4.7%

183

- 0.2%

July

161

- 11.4%

170

- 8.3%

August

172

- 1.2%

172

- 2.5%

September

150

- 15.8%

166

- 15.1%

October

156

- 21.7%

183

- 6.4%

November

161

- 12.0%

188

+ 11.5%

Total

170

- 5.2%

175

- 3.7%

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.

November

Year to Date

$180,850

$175,000 $157,090

$165,000

$160,000

$150,250

$118,500

$115,000

$106,000 $103,100

$104,500 $92,000

2010

2011

2012

-13.1%

-4.4%

2010

Single-Family

2011

2012

-20.0%

+13.6%

2010

Condo

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

162,248

- 1.7%

107,500

- 2.3%

January

159,900

+ 2.5%

93,500

- 13.0%

February

170,450

+ 3.3%

95,000

- 5.0%

March

160,899

- 9.6%

103,550

- 5.8%

April

158,000

+ 0.0%

115,500 + 15.5%

May

161,500

+ 0.9%

105,000

- 4.5%

June

157,954

- 11.3%

110,000

- 6.4%

July

165,713

+ 2.1%

95,000

- 13.6%

August

166,550

+ 2.3%

101,000

+ 1.1%

September

154,900

- 5.7%

102,000

- 6.2% - 2.4%

Month

2011

2012

-5.7%

-3.0%

Single-Family

2010

2011

2012

-10.5%

-2.7%

Condo

Historical Median Sales Price

October

159,250

- 4.9%

102,500

November

150,250

- 4.4%

104,500 + 13.6%

Median

160,000

- 3.0%

105,000

Single-Family

- 4.1%

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.

November

Year to Date

Month

$232,638 $218,866 $205,641

$209,355

$191,356

$202,018

$159,554

$149,735 $132,004 $135,447

2010

2011

2012

- 11.6%

- 6.9%

2010

Single-Family

2011

2012

- 17.3%

+ 2.6%

2010

Condo

2011

2012

- 4.3%

- 3.5%

Single-Family

2010

$139,507 $134,932

2011

2012

- 6.8%

- 3.3%

Condo

Historical Average Sales Price

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

221,155 + 12.9%

132,909

- 4.8%

January

203,310

+ 5.2%

123,343

- 14.1%

February

205,050

- 1.9%

129,473

+ 3.1%

March

210,954

- 8.8%

130,487

- 9.2%

April

193,804

- 7.3%

143,335 + 10.5%

May

200,975

+ 2.3%

143,856

- 3.7%

June

215,079

- 4.5%

142,844

- 2.6%

July

205,680

+ 1.1%

135,300

- 6.9%

August

208,210

+ 6.4%

129,686

+ 5.1%

September

188,760

- 9.1%

128,631

- 6.5%

October

196,468

- 10.6%

132,647

- 14.0%

November

191,356

- 6.9%

135,447

+ 2.6%

Average

186,083

- 4.2%

134,807

- 3.3%

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.

November

Year to Date 94.6%

93.8%

2010

94.2%

95.6%

2011

2012

+0.4%

+1.5%

Single-Family

92.7%

2010

93.7%

94.3%

95.2%

93.7%

93.5%

93.7%

93.4%

2011

2012

+1.1%

-0.3%

2010

Condo

2011

2012

-0.3%

+1.0%

Single-Family

2010

2011

2012

-0.3%

+0.3%

Condo

Month

SingleFamily

YoY Chg.

Condo

YoY Chg.

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

94.5%

- 0.8%

92.9%

- 0.6%

April

95.0%

+ 1.2%

94.7%

+ 0.9%

May

95.3%

+ 1.5%

93.7%

- 0.1%

June

96.1%

+ 1.9%

93.9%

+ 0.6%

July

94.9%

+ 0.6%

94.3%

+ 2.6%

August

94.6%

+ 0.7%

93.9%

- 1.1%

September

94.7%

+ 0.1%

94.0%

+ 0.9%

October

95.6%

+ 1.4%

93.9%

+ 2.1%

November

95.6%

+ 1.5%

93.4%

- 0.3%

Average

90.7%

+ 2.6%

88.4%

+ 1.4%

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.

November

Year to Date 233

233

233

197 167

167 147

131

2010

233

197

147 131

2011

2012

+9.5%

+13.9%

Single-Family

2010

2011

2012

+10.0%

+11.2%

Condo

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

144

+ 12.5%

208

+ 18.2%

January

148

+ 3.2%

235

+ 3.5%

Month

2011

2012

+9.5%

+13.9%

Single-Family

2010

2011

2012

+10.0%

+11.2%

Condo

Historical Housing Affordability Index

February

144

+ 6.2%

237

+ 19.8%

March

150

+ 8.9%

223

+ 15.6%

April

152

+ 20.4%

204

+ 15.8%

May

150

+ 10.3%

220

- 1.0%

June

155

+ 8.4%

216

+ 13.0%

July

151

+ 20.1%

244

+ 14.5%

August

151

+ 8.7%

234

+ 22.8%

September

163

+ 7.7%

237

+ 8.6%

October

159

+ 16.4%

235

+ 16.2%

November

167

+ 13.9%

233

+ 11.2%

Average

153

+ 11.4%

227

+ 13.2%

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.

November 5,000

4,909

4,509

4,461 3,854

2010

2011 -9.8% Single-Family

3,491

2010

2012

2011 -9.1% Condo

-14.5%

2012 -21.7%

Month

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

4,241

- 10.4%

4,306

- 8.5%

January

4,303

- 9.5%

4,382

- 6.2%

February

4,301

- 10.9%

4,391

- 6.3%

March

4,288

- 12.8%

4,347

- 7.8%

April

4,288

- 12.0%

4,214

- 11.4%

May

4,264

- 11.4%

4,181

- 11.5%

June

4,255

- 11.5%

4,054

- 13.8%

July

4,183

- 11.2%

3,965

- 14.6%

August

4,194

- 10.2%

3,858

- 15.3%

September

4,160

- 8.8%

3,690

- 17.6%

October

3,996

- 11.9%

3,595

- 19.1%

November

3,854

- 14.5%

3,491

- 21.7%

Average

3,040

- 17.2%

3,557

- 21.5%

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.

November 16.8 15.4

15.3 13.0 10.2

9.1

2010

SingleFamily

YoY Chg.

Condo

YoY Chg.

December

12.2

- 16.7%

15

- 9.4%

January

12.2

- 16.8%

14.8

- 8.5%

Month

2011 -15.6% Single-Family

2012

2010

-30.3%

2011 -9.3% Condo

2012 -32.9%

February

12.0

- 19.1%

14.8

- 6.8%

March

11.9

- 20.9%

14.7

- 6.8%

April

11.7

- 22.8%

14.0

- 11.5%

May

11.4

- 22.1%

13.7

- 12.0%

June

11.2

- 23.0%

13.1

- 16.7%

July

10.9

- 21.9%

12.6

- 19.0%

August

10.7

- 22.0%

12.1

- 20.4%

September

10.5

- 20.7%

11.3

- 24.9%

October

9.7

- 26.1%

10.7

- 29.2%

November

9.1

- 30.3%

10.2

- 32.9%

Average

8.2

- 32.2%

10.3

- 32.9%

Historical Months Supply of Inventory

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

November 2012

Quick Facts

There was a lot to be thankful for this November. Home buyers can be thankful for ultra-low mortgage rates while sellers can be thankful for a slow yet steady recovery. For the 12-month period spanning December 2011 through November 2012, Closed Sales in the Coastal Carolinas region were up 11.0 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 14.7 percent. The overall Median Sales Price was down 1.7 percent to $137,500. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.0 percent to $160,000. The price range that tended to sell the quickest was the $150,000 and Below range at 161 days; the price range that tended to sell the slowest was the $300,001 and Above range at 204 days. Market-wide, inventory levels were down 18.1 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 14.5 percent. That amounts to 9.1 months supply for SingleFamily homes and 10.2 months supply for Condos.

+ 14.7%

+ 12.5%

+ 13.3%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$150,000 and Below

3 Bedrooms

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 11-2011

By Property Type

By Bedroom Count

11-2012

11-2011

11-2011

11-2012 4,278

4,630

4,076

3,804

4,036

2,259

1,330

2,514

1,335 832

951 546

3,639

3,597

1,474 803

11-2012

3,406

1,452

965

611

+ 14.7%

+ 10.8%

+ 3.6%

+ 11.9%

+ 1.5%

+ 11.3%

+ 12.5%

+ 8.8%

+ 13.3%

+ 6.8%

$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

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

$150,000 and Below

4,036

4,630

+ 14.7%

1,661

2,010

+ 21.0%

2,375

2,620

+ 10.3%

$150,001 to $200,000

1,330

1,474

+ 10.8%

837

958

+ 14.5%

493

516

+ 4.7%

$200,001 to $250,000

803

832

+ 3.6%

528

547

+ 3.6%

275

285

+ 3.6%

$250,001 to $300,000

546

611

+ 11.9%

385

425

+ 10.4%

161

186

+ 15.5%

$300,001 and Above

951

965

+ 1.5%

679

709

+ 4.4%

272

256

- 5.9%

7,666

8,512

+ 11.0%

3,597

4,076

+ 13.3%

3,406

3,639

+ 6.8%

All Price Ranges

By Bedroom Count

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

2 Bedrooms or Less

2,259

2,514

+ 11.3%

241

321

+ 33.2%

2,018

2,193

+ 8.7%

3 Bedrooms

3,804

4,278

+ 12.5%

2,632

3,005

+ 14.2%

1,172

1,273

+ 8.6%

4 Bedrooms or More

1,335

1,452

+ 8.8%

1,217

1,322

+ 8.6%

118

130

+ 10.2%

All Bedroom Counts

7,666

8,512

+ 11.0%

3,597

4,076

+ 13.3%

3,406

3,639

+ 6.8%

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 11-2011

11-2011

11-2011

11-2012

189 161

174

177

184

192

181

204

197

11-2012

201

221

169

By Property Type

By Bedroom Count

11-2012

180 186 175

178

176 170

170

170

- 4.7%

- 7.8%

+ 4.2%

+ 2.6%

- 7.4%

- 4.2%

- 3.0%

- 7.5%

- 5.2%

- 3.7%

$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

11-2011

11-2012

Change

11-2011

11-2012

$150,000 and Below

169

161

- 4.7%

167

$150,001 to $200,000

189

174

- 7.8%

179

$200,001 to $250,000

177

184

+ 4.2%

$250,001 to $300,000

192

197

+ 2.6%

$300,001 and Above

221

204

All Price Ranges

181

By Bedroom Count

Condos

Change

11-2011

11-2012

Change

160

- 4.2%

171

163

- 5.0%

160

- 10.7%

206

202

- 2.2%

170

179

+ 5.3%

191

195

+ 2.0%

181

193

+ 6.5%

220

208

- 5.5%

- 7.4%

226

200

- 11.6%

206

218

+ 6.0%

172

- 4.5%

180

170

- 5.2%

181

175

- 3.7%

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

2 Bedrooms or Less

178

170

- 4.2%

174

166

- 4.5%

178

171

- 4.1%

3 Bedrooms

176

170

- 3.0%

172

165

- 3.8%

184

183

- 1.0%

4 Bedrooms or More

201

186

- 7.5%

198

183

- 7.6%

224

208

- 7.1%

All Bedroom Counts

181

172

- 4.5%

180

170

- 5.2%

181

175

- 3.7%

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 | 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 11-2011

By Property Type 11-2011

11-2012

11-2012 $165,000

$251,500

$250,000

$139,900

$160,000

$137,500 $109,000

$150,000 $94,900

$105,000

$149,385

$89,500

- 5.7%

- 0.4%

- 0.6%

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

- 1.7%

All Properties

- 3.0%

All Properties

Single-Family Homes

Single-Family Homes

- 3.7% Condos

Condos

By Bedroom Count

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

2 Bedrooms or Less

$94,900

$89,500

- 5.7%

$99,450

$92,000

- 7.5%

$94,500

$89,000

- 5.8%

3 Bedrooms

$150,000

$149,385

- 0.4%

$149,000

$148,000

- 0.7%

$155,000

$151,000

- 2.6%

4 Bedrooms or More

$251,500

$250,000

- 0.6%

$249,990

$246,500

- 1.4%

$285,000

$294,500

+ 3.3%

All Bedroom Counts

$139,900

$137,500

- 1.7%

$165,000

$160,000

- 3.0%

$109,000

$105,000

- 3.7%

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 11-2011

By Property Type

By Bedroom Count

11-2012

11-2011

11-2011

11-2012 95.1%

95.8%

95.6%

95.4%

95.2% 94.8%

11-2012

95.1%

94.9%

94.6% 94.8%

94.3% 94.3% 93.5%

93.9% 93.5%

93.3%

93.7% 93.5%

93.2% 93.1%

+ 0.6%

+ 0.4%

+ 0.6%

+ 1.1%

+ 0.9%

- 0.1%

+ 0.5%

+ 1.5%

+ 0.8%

+ 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

Single-Family Homes

Condos

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

$150,000 and Below

93.3%

93.9%

+ 0.6%

93.4%

94.3%

+ 1.0%

93.3%

93.5%

+ 0.2%

$150,001 to $200,000

95.2%

95.6%

+ 0.4%

95.8%

96.4%

+ 0.6%

94.2%

94.3%

+ 0.1%

$200,001 to $250,000

94.8%

95.4%

+ 0.6%

95.5%

96.2%

+ 0.7%

93.5%

93.9%

+ 0.4%

$250,001 to $300,000

94.8%

95.8%

+ 1.1%

95.8%

96.3%

+ 0.5%

92.2%

94.5%

+ 2.5%

$300,001 and Above

93.5%

94.3%

+ 0.9%

93.2%

94.2%

+ 1.1%

94.3%

94.3%

0.0%

All Price Ranges

93.9%

94.5%

+ 0.6%

94.3%

95.1%

+ 0.8%

93.5%

93.7%

+ 0.2%

By Bedroom Count

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

2 Bedrooms or Less

93.2%

93.1%

- 0.1%

91.7%

91.9%

+ 0.2%

93.3%

93.3%

0.0%

3 Bedrooms

94.6%

95.1%

+ 0.5%

94.9%

95.5%

+ 0.6%

94.0%

94.2%

+ 0.2%

4 Bedrooms or More

93.5%

94.9%

+ 1.5%

93.5%

95.0%

+ 1.6%

93.3%

94.5%

+ 1.3%

All Bedroom Counts

93.9%

94.5%

+ 0.6%

94.3%

95.1%

+ 0.8%

93.5%

93.7%

+ 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 11-2011

By Property Type

By Bedroom Count

11-2012

11-2011

11-2011

11-2012

4,509

4,027

3,837

11-2012 4,461 3,854

3,172

3,029

3,491

2,831 2,048 1,419

1,189

949

772

717

2,264 1,858

1,802

1,680

553

- 21.1%

- 16.2%

- 18.7%

- 22.9%

- 12.0%

- 20.0%

- 21.2%

- 9.6%

- 14.5%

- 21.7%

$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

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

$150,000 and Below

3,837

3,029

- 21.1%

1,378

1,071

- 22.3%

2,459

1,958

- 20.4%

$150,001 to $200,000

1,419

1,189

- 16.2%

770

659

- 14.4%

649

530

- 18.3%

$200,001 to $250,000

949

772

- 18.7%

578

522

- 9.7%

371

250

- 32.6%

$250,001 to $300,000

717

553

- 22.9%

428

358

- 16.4%

289

195

- 32.5%

$300,001 and Above

2,048

1,802

- 12.0%

1,355

1,244

- 8.2%

693

558

- 19.5%

All Price Ranges

8,970

7,345

- 18.1%

4,509

3,854

- 14.5%

4,461

3,491

- 21.7%

By Bedroom Count

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

2 Bedrooms or Less

2,831

2,264

- 20.0%

314

232

- 26.1%

2,517

2,032

- 19.3%

3 Bedrooms

4,027

3,172

- 21.2%

2,567

2,133

- 16.9%

1,460

1,039

- 28.8%

4 Bedrooms or More

1,858

1,680

- 9.6%

1,627

1,488

- 8.5%

231

192

- 16.9%

All Bedroom Counts

8,970

7,345

- 18.1%

4,509

3,854

- 14.5%

4,461

3,491

- 21.7%

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 | 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 11-2011

11-2011

26.0

12.7 8.9

7.3

11-2011

15.3 12.8

12.7

13.0 10.2 9.1

8.1 9.7

11-2012

16.3

10.3

15.6

14.5

11-2012

15.3 20.8

11.4

By Property Type

By Bedroom Count

11-2012

10.3

- 35.6%

- 29.8%

- 32.9%

- 33.9%

- 20.0%

- 32.8%

- 36.0%

- 21.9%

- 30.3%

- 32.9%

$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

11-2011

11-2012

Change

$150,000 and Below

11.4

7.3

$150,001 to $200,000

12.7

8.9

$200,001 to $250,000

14.5

$250,001 to $300,000

15.6

$300,001 and Above

26.0

All Price Ranges

By Bedroom Count

Condos

11-2011

11-2012

Change

11-2011

11-2012

Change

- 35.6%

9.8

5.9

- 40.2%

- 29.8%

10.7

7.7

- 27.4%

12.5

8.5

- 32.1%

16.4

11.0

- 33.1%

9.7

- 32.9%

13.3

9.6

- 27.5%

10.3

- 33.9%

13.2

9.7

- 26.5%

16.9

9.9

- 41.3%

21.4

11.7

20.8

- 20.0%

23.6

19.0

- 45.3%

- 19.4%

32.7

26.6

- 18.8%

14.0

9.6

- 31.7%

13.0

9.1

- 30.3%

15.3

10.2

- 32.9%

11-2011

11-2012

Change

11-2011

11-2012

Change

11-2011

11-2012

Change

2 Bedrooms or Less

15.3

10.3

- 32.8%

15.3

8.2

- 46.2%

15.3

10.6

- 30.9%

3 Bedrooms

12.7

8.1

- 36.0%

11.6

7.7

- 33.2%

15.3

9.0

- 40.8%

4 Bedrooms or More

16.3

12.8

- 21.9%

15.7

12.3

- 21.1%

23.7

17.3

- 26.9%

All Bedroom Counts

14.0

9.6

- 31.7%

13.0

9.1

- 30.3%

15.3

10.2

- 32.9%

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

November, 2012 Market Report  
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