Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
April 2012
Quick Facts
Sometimes the best answers aren't right under your nose. For example, the most popular market indicator is home prices. But prices are what we call a lagging indicator, because they reflect closed sales. Leading indicators are forward-looking. Watch activity related to list price received at sale, days on market and months supply of inventory to see how sellers might be regaining their pricing power. Favorable supply-demand trends may be ticking away from the buyer for the first time in years. Moral of the story: Price is but a single picture in the gallery. New Listings in the Coastal Carolinas region were down 1.5 percent for detached homes and 17.8 percent for condos. Pending Sales increased 32.9 percent for singlefamily homes and 26.2 percent for condos. The Median Sales Price was down 0.3 percent to $157,500 for single-family properties but increased 15.0 percent to $115,000 for condo units. Months Supply of Inventory decreased 27.5 percent for single-family units and 18.7 percent for townhouse-condo units. When monitoring residential real estate activity, it is always important to keep tabs on the overall economy and job growth. Preliminary Q1-2012 GDP growth came in at 2.2 percent, which, while disappointing to some observers and slower than Q42011, still signals economic expansion and not contraction. Expedited bank processing and easing lending standards are also encouraging developments.
- 8.1%
- 6.6%
- 9.7%
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
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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 4-2009
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
2,975
- 6.5%
386
513
+ 32.9%
1,451
1,753
+ 20.8%
366
342
- 6.6%
1,224
1,284
+ 4.9%
182
179
- 1.4%
181
181
+ 0.2%
$157,950
$157,500
- 0.3%
$163,000
$160,000
- 1.8%
$209,163
$194,752
- 6.9%
$212,722
$203,794
- 4.2%
93.9%
94.8%
+ 1.0%
94.4%
95.0%
+ 0.6%
138
155
+ 22.4%
138
155
+ 22.4%
4,874
4,098
- 15.9%
--
--
--
15.2
11.0
- 27.5%
--
--
--
4-2012
Months Supply of Homes for Sale 4-2009
3,181
4-2012
Inventory of Homes for Sale 4-2009
- 1.5%
4-2012
Housing Affordability Index 4-2009
729
4-2012
Percent of List Price Received 4-2009
740
4-2012
Average Sales Price 4-2009
+/–
4-2012
Median Sales Price 4-2009
YTD 2011 YTD 2012
4-2012
Days on Market Until Sale 4-2009
+/–
4-2012
Closed Sales 4-2009
4-2012
4-2012
Pending Sales 4-2009
4-2011
4-2012
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 4-2009
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
4-2010
4-2011
2,566
- 7.2%
378
477
+ 26.2%
1,381
1,600
+ 15.9%
372
336
- 9.7%
1,200
1,163
- 3.1%
172
173
+ 0.9%
175
175
+ 0.3%
$100,000
$115,000
+ 15.0%
$105,000
$103,000
- 1.9%
$129,908
$143,466
+ 10.4%
$135,806
$132,997
- 2.1%
93.9%
94.7%
+ 0.9%
93.8%
93.5%
- 0.3%
206
208
+ 16.1%
206
208
+ 16.1%
4,744
4,020
- 15.3%
--
--
--
15.7
12.8
- 18.7%
--
--
--
4-2012
Months Supply of Homes for Sale 4-2009
2,765
4-2012
Inventory of Homes for Sale 4-2009
- 17.8%
4-2012
Housing Affordability Index 4-2009
603
4-2012
Percent of List Price Received 4-2009
734
4-2012
Average Sales Price 4-2009
+/–
4-2012
Median Sales Price 4-2009
YTD 2011 YTD 2012
4-2012
Days on Market Until Sale 4-2009
+/–
4-2012
Closed Sales 4-2009
4-2012
4-2012
Pending Sales 4-2009
4-2011
4-2012
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.
April
Year to Date
940
3,641 812 740
3,181 734
729
3,206 2,975 2,765
2,566
603
2010
2011
2012
2010
-21.3%
-1.5%
Single-Family
2011
2012
-9.6%
-17.8%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
689
- 14.7%
554
- 14.8%
June
736
- 7.5%
596
- 10.1%
July
649
- 18.7%
551
- 6.1%
August
715
- 5.3%
562
- 14.6%
September
606
- 14.3%
509
- 13.9%
October
636
- 4.9%
546
- 2.2%
November
603
- 2.0%
551
+ 5.2%
December
455
- 8.3%
443
+ 2.8%
January
756
- 1.6%
693
+ 6.9%
February
696
- 9.6%
609
- 2.4%
Month
2011
2012
-12.6%
-6.5%
Single-Family
2010
March
794
- 12.1%
661
- 12.9%
2011
2012
April
729
- 1.5%
603
- 17.8%
-13.8%
-7.2%
Total
8,064
- 8.6%
7,015
- 7.3%
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.
April
Year to Date 1,753
513 1,486 386
2010
1,600
477
472
370
2011
2012
2010
-18.2%
+32.9%
Single-Family
1,451
1,381
378
1,259
2011
2012
+2.2%
+26.2%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
383
+ 27.7%
321
+ 9.6%
June
365
+ 11.6%
280
- 11.9%
July
393
+ 22.4%
273
+ 0.4%
August
357
+ 9.5%
333
+ 2.8%
Month
2011
2012
-2.4%
+20.8%
Single-Family
2010
September
344
+ 22.0%
262
- 10.6%
October
329
+ 0.9%
268
- 13.5%
November
293
+ 5.0%
236
- 3.7%
December
252
+ 5.4%
197
+ 10.1%
January
336
+ 14.3%
332
+ 22.5%
February
408
+ 18.6%
372
+ 11.7%
March
496
+ 16.2%
419
+ 5.0%
2011
2012
April
513
+ 32.9%
477
+ 26.2%
+9.7%
+15.9%
Total
4,469
+ 16.0%
3,820
+ 4.4%
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.
April 358
Year to Date 372
366 342
336
320
2010
2011
2012
2010
+2.2%
-6.6%
Single-Family
2011
2012
+16.3%
-9.7%
Condo
1,224
1,284 1,200
1,144
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
360
- 6.3%
353
+ 8.0%
June
405
- 11.6%
355
+ 6.6%
Month
1,163
1,110
2011
2012
+7.0%
+4.9%
Single-Family
2010
July
349
+ 10.8%
284
0.0%
August
390
+ 18.2%
288
- 8.6%
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%
258
- 11.6%
January
271
+ 11.5%
209
- 0.5%
February
292
+ 15.9%
270
+ 13.0%
March
379
+ 4.4%
348
- 8.2%
2011
2012
April
342
- 6.6%
336
- 9.7%
+8.1%
-3.1%
Total
4,141
+ 6.0%
3,542
- 2.4%
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.
April 175
Year to Date 182
179
173
172
178
181
181 168
175
175
157
2010
2011
2012
+3.8%
-1.4%
Single-Family
2010
2011
2012
+9.3%
+0.9%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
161
- 0.4%
187
+ 13.8%
June
184
+ 13.9%
183
+ 2.2%
Month
2011
2012
+1.6%
+0.2%
Single-Family
2010
July
182
+ 7.8%
185
+ 8.9%
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%
166
- 10.4%
January
182
- 7.2%
182
- 2.6%
February
186
+ 17.3%
184
+ 5.0%
March
177
- 3.8%
167
- 2.5%
2011
2012
April
179
- 1.4%
173
+ 0.9%
+4.0%
+0.3%
Total
180
+ 4.6%
180
+ 2.4%
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.
April
Year to Date
$167,000 $157,950 $157,500
$174,900 $163,000 $160,000 $118,950
$115,000
$119,995
$100,000
2010
2011
2012
-5.4%
-0.3%
2010
Single-Family
$105,000 $103,000
2011
2012
-15.9%
+15.0%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
160,000
- 3.9%
110,000
- 9.1%
June
178,000
+ 8.3%
117,500
- 4.9%
Month
2011
2012
-6.8%
-1.8%
2010
Single-Family
2011
2012
-12.5%
-1.9%
Condo
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%
October
167,498
- 9.2%
105,000
- 10.3%
November
157,500
- 12.9%
92,000
- 20.0%
December
162,248
- 1.7%
108,000
- 1.8%
January
159,900
+ 2.5%
91,750
- 14.6%
February
170,915
+ 3.6%
95,000
- 5.0% - 5.4%
March
159,900
- 10.7%
104,000
April
157,500
- 0.3%
115,000 + 15.0%
Median
164,000
- 4.0%
108,950
Historical Median Sales Price
Single-Family
- 5.3%
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.
April $213,979
Year to Date $215,664 $212,722
$209,163 $194,752
$150,947
$203,794
$149,608
$143,466
$135,806 $132,997
$129,908
2010
2011
2012
- 2.3%
- 6.9%
2010
Single-Family
2011
2012
- 13.9%
+ 10.4%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
196,421
- 11.0%
149,441
+ 0.5%
June
225,291
+ 6.5%
146,627
- 1.1%
Month
2011
2012
- 1.4%
- 4.2%
2010
Single-Family
2011
2012
- 9.2%
- 2.1%
Condo
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%
November
205,868
- 11.5%
132,004
- 17.3%
December
221,155 + 12.9%
133,374
- 4.5%
January
203,746
+ 5.4%
123,451
- 14.0%
February
205,867
- 1.5%
129,473
+ 3.1% - 8.6%
March
210,487
- 9.1%
131,355
April
194,752
- 6.9%
143,466 + 10.4%
Average
191,165
- 3.3%
137,987
Historical Average Sales Price
Single-Family
- 4.4%
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.
April 94.1%
2010
Year to Date 93.9%
94.8%
2011
2012
-0.3%
+1.0%
94.5%
2010
Single-Family
94.7%
93.9%
2011
2012
-0.7%
+0.9%
Condo
94.3%
2010
94.4%
95.0%
2011
2012
+0.1%
+0.6%
94.1%
2010
Single-Family
93.8%
93.5%
2011
2012
-0.3%
-0.3%
Condo
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
93.9%
- 1.5%
93.8%
- 0.6%
June
94.4%
- 0.4%
93.3%
- 0.3%
July
94.3%
- 0.6%
91.9%
- 2.7%
August
94.0%
- 0.6%
94.9%
+ 1.5%
September
94.7%
+ 0.1%
93.2%
+ 0.5%
October
94.2%
- 0.8%
92.0%
- 1.5%
November
94.2%
+ 0.3%
93.7%
+ 1.0%
December
94.1%
- 0.2%
93.1%
- 0.6%
January
95.5%
+ 1.6%
92.7%
- 1.8%
February
95.3%
+ 0.8%
93.3%
- 0.4%
March
94.6%
- 0.7%
93.1%
- 0.5%
April
94.8%
+ 1.0%
94.7%
+ 0.9%
Average
89.1%
+ 0.4%
87.6%
+ 0.7%
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.
April
Year to Date
206
208
206
175
128
2010
155
138
128
2011
2012
-2.1%
+22.4%
Single-Family
208
175
155
2010
2011
2012
+9.2%
+16.1%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
138
+ 7.8%
195
+ 17.5%
June
128
+ 8.1%
187
+ 12.6%
July
138
- 3.3%
196
+ 7.4%
August
141
+ 13.5%
216
+ 4.5%
Month
138
2011
2012
-2.1%
+22.4%
Single-Family
2010
2011
2012
+9.2%
+16.1%
Condo
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%
207
+ 20.4%
January
148
+ 5.3%
238
+ 5.3%
February
144
+ 7.8%
238
+ 23.2%
March
150
+ 10.2%
221
+ 17.2%
April
155
+ 22.4%
208
+ 16.1%
Average
143
+ 10.2%
213
+ 13.1%
Historical Housing Affordability Index
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.
April 5,272
5,586 4,874
4,744 4,098
2010
2011 -7.5% Single-Family
4,020
2010
2012
2011 -15.1% Condo
-15.9%
2012 -15.3%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
4,814
- 9.8%
4,710
- 15.4%
June
4,808
- 9.3%
4,689
- 13.9%
July
4,709
- 11.1%
4,628
- 14.4%
August
4,666
- 10.7%
4,534
- 14.5%
September
4,557
- 11.5%
4,464
- 13.5%
October
4,528
- 10.5%
4,420
- 11.3%
November
4,499
- 10.0%
4,428
- 9.8%
December
4,234
- 10.6%
4,270
- 9.3%
January
4,281
- 10.0%
4,313
- 7.7%
February
4,253
- 11.9%
4,287
- 8.4%
March
4,194
- 14.7%
4,215
- 10.5%
April
4,098
- 15.9%
4,020
- 15.3%
Average
3,287
- 16.7%
4,105
- 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.
April
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
14.7
- 10.0%
16
- 21.4%
June
14.5
- 9.6%
15.6
- 17.5%
Month
19.9 16.1
15.7
15.2
12.8 11.0
2010
2011 -5.7% Single-Family
2012
2010
-27.5%
2011 -21.0% Condo
2012 -18.7%
Historical Months Supply of Inventory
July
14.0
- 12.7%
15.4
- 18.7%
August
13.7
- 13.6%
15.1
- 18.3%
September
13.2
- 16.8%
14.9
- 16.8%
October
13.1
- 16.2%
15.0
- 13.3%
November
13.0
- 15.7%
15.0
- 10.6%
December
12.2
- 16.6%
14.4
- 10.8%
January
12.2
- 17.0%
14.3
- 11.2%
February
11.9
- 19.6%
14.1
- 11.1%
March
11.6
- 22.7%
13.8
- 12.1%
April
11.0
- 27.5%
12.8
- 18.7%
Average
10.1
- 27.1%
12.9
- 18.6%
Single-Family
Condo
30
25
20
15
10
5
0 12-2004
12-2005
12-2006
12-2007
12-2008
12-2009
12-2010
12-2011
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 April 2012 After a strong first quarter performance, Single Family Residential (SFR) sales slipped in April. For the month, SFR sales fell 6.7% from last month and 7.9% from April, 2011. Year to date, SFR sales is up 4% from 2011 levels. Consistent with March, SFR Median Sales Price remained flat at $165,000. As expected, SFR inventory seasonally increased to 4,697 homes. The current inventory is down approximately 6% from 2011 levels. It is anticipated that the inventory will peak in May before declining. Condo activity was filled with mixed results. Condo inventory fell from March while sales remained flat to March’s level. However, Condo sales are down 10% from April, 2011 and approximately off 3% for the full year (as compared to 2011). Offsetting flat sales was an increase the Median Sales Price for condo. Driven by more financed transactions and higher average cash transaction size, April was the second consecutive month of Condo sales price improvement. Residential lot sales activity continues to improve. The improvement continues to be at the expense of price as Median Sales Price of Residential Lots is $30,000. Distressed activity continues to be a consistent part of the area sales activity accounting for 28 – 33% of all transactions.
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.
3,850
Georgetown Co. Total
4,306
Georgetown Co.
847
Residential Lot Horry Co.
442 Total
4,697
# Listings 1,975
Georgetown Co.
734 Total
4,748
2,709
Average List Price
$343,102
Average List Price
$191,009
Average List Price
$126,318
Median List Price
$224,990
Median List Price
$134,900
Median List Price
$60,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,121
95
$150k - $250k
1,343
157
$250k - $500k
983
318
$500k - $1.0 MM
303
170
$1 MM +
100
107
Horry Co.
G’town Co.
Less than $100k
1,431
66
$100k - $150k
1,096
89
$150k - $200k
626
72
$200k - $400k
843
121
$400k -$750k
251
65
$750+
59
29
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
366
44
$25k - $50k
672
89
$50k - $75k
293
78
$75k-100k
191
99
$100k-175k
199
153
$175k -250k
109
114
$250k+
145
157
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,600 5,400
# of Listings
5,200
April 2011 4,996 April 2012 4,697
5,000 4,800 4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900
April 2011 851
850
April 2012 819
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
April 2012 5,048
April 2012 4,748
Grand Strand Distressed Condo Listings 1000
# of Distressed
950
April 2012 889
900
April 2012 822
850 800 750 700
Research performed by SiteTech Systems
4
Closed Sales - SFR Year to Date
April 331
330
2010
1,135
2011
305
1,049
2012
2010
2011
1,180
2012
Historical Activity 600 550 500 450 400 350 300 250 200 150 100 Jan 05
April 2012 305
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
April
$229,485 $226,940
$228,932
$226,307
$226,427 $222,437
2010
2011
2012
2010
2011
2012
Historical Activity $375,000 $345,000 $315,000 $285,000
April 2012 $226,028
$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
April
$184,000 $171,500
$174,900
$169,990
$170,000
$164,000 2010
2011
2010
2012
2011
2012
Historical Activity $250,000 $240,000 $230,000 $220,000 $210,000 $200,000
April 2012 $169,990
$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
$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 Cash
$175,000
Conventional Combined
$165,000 $155,000 $145,000 $135,000 $125,000 Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Research performed by SiteTech Systems
Jan-12
Apr-12
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 April
Year to Date 91%
89%
2010
90%
89%
86%
87%
2011
2010
2012
2011
2012
Historical Activity 99 97 95
April 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 April
Year to Date 1,192 1,160
371
1,110
333
322
2010
2011
2010
2012
2011
2012
Historical Activity 1050 850 650
April 2012 333
450 250 50 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
12
Average Sales Price - Condo April
Year to Date $152,253
$150,067
$141,857
$136,851
$133,738
$131,486
2010
2011
2012
2010
2011
2012
Historical Activity $400,000 $350,000 $300,000 $250,000
April 2012 $141,857
$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 April
Year to Date
$120,000
$121,000 $115,000
$105,000
$105,000
2010
2011
2010
2012
$103,000
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
April 2012 $115,000
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
$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
$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 April
Year to Date
89%
87%
87%
2011
2012
87% 86%
85%
2010
2011
2012
2010
Historical Activity 105 100 April 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 April
Year to Date 121
341
65
53
2010
221
186
2011
2010
2012
2011
2012
Historical Activity 310 260 210
April 2012 121
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 April
Year to Date
$79,830
$75,986
$103,402 $52,258
2010
$64,649
$52,194
2011
2010
2012
2011
2012
Historical Activity $300,000 $250,000 $200,000
April 2012 $52,194
$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 April
Year to Date
$43,750
$52,450
$31,000
2010
$38,000
$30,000
2011
2012
2010
$33,000
2011
2012
Historical Activity $150,000 $125,000 $100,000
April 2012 $30,000
$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) April
Year to Date $59,000 $55,000
$66,450
$60,000
$49,250
$42,750
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 $-
April 2012 $60,000
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 April
Year to Date 74% 72%
77%
67%
72% 69%
2010
2011
2012
2010
2011
2012
Historical Activity 110 100
April 2012 67%
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.
739
Horry Co.
780
Horry Co.
395
Georgetown Co.
80
Georgetown Co.
42
Georgetown Co.
72
Total
Total
819
Total
822
Average List Price
$205,581
Average List Price
$122,452
Median List Price
$139,900
Median List Price
$92,762
467
Average List Price
$66,849
Median List Price
$34,900
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
430
28
$150k - $250k
185
23
$250k - $500k
90
17
$500k - $1.0 MM
28
8
$1 MM +
6
4
Horry Co.
G’town Co.
Less than $100k
447
19
$100k - $150k
135
14
$150k - $200k
83
2
$200k - $400k
100
2
$400k -$750k
14
5
$750+
1
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
156
5
$25k - $50k
146
10
$50k - $75k
32
11
$75k-100k
20
19
$100k-175k
22
9
$175k -250K
7
11
$250K +
12
7
24
Distressed Sales SFR
Total
116 106
100
213 210 185228219189191 170177161165170154157165 180 159 116
Nov
Jan
Mar
May
July
Sep
Nov
Jan
Mar
Condo
110
81
67
55
Nov
Jan
Mar
May
82 81 80
July
Sep
89 95 72
Nov
87
102 78
Jan
77
Mar
% Total Sales 112113108 92 101 92
61
Nov
99
84
Feb
May
88 96 81 87 76 75 82 70
August
Nov
111103
Feb
37 38
44 34 34
26
Nov
Feb
Research performed by SiteTech Systems
32 33 30 29 29 30 29 28
May
August
Nov
37
32 33
28
Feb
25
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
April 2012
Quick Facts
Headline numbers can often mask important variations across different areas and property types, rendering segment-specific statistics that much more important. For the 12-month period spanning May 2011 through A il 2012 dS l iin the h C li i were up 2.1 21 April 2012, Cl Closed Sales Coastall C Carolinas region percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 7.4 percent. The overall Median Sales Price was down 4.1 percent to $139,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 4.0 percent to $164,000. The price range that tended to sell the quickest was the $150,000 and Below range at 169 days; the price range that tended to sell the slowest was the $300,001 and Above range at 212 days. Market-wide, inventory levels were down 16.6 percent. The property type that lost the least inventory was the Townhouse-Condo segment, where it decreased 15.3 percent. That amounts to 11.0 months supply for SingleFamily homes and 12.8 months supply for Condos.
+ 7.4%
+ 6.2%
+ 4.9%
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 4-2011
3,774
By Bedroom Count
4-2012
4-2011
4-2011
3,722
4,052
2,246
By Property Type
4-2012
4-2012
3,784 3,630
3,462
2,251
3,395 1,329
1,265
1,328 832
785
1,003 546
1,344
3,320
917
562
+ 7.4%
- 0.1%
- 5.6%
+ 2.9%
- 8.6%
+ 0.2%
+ 1.7%
+ 6.2%
+ 4.9%
- 2.2%
$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
4-2011
Single-Family Homes
Condos
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
$150,000 and Below
3,774
4,052
+ 7.4%
1,459
1,707
+ 17.0%
2,315
2,345
+ 1.3%
$150,001 to $200,000
1,329
1,328
- 0.1%
840
853
+ 1.5%
489
475
- 2.9%
$200,001 to $250,000
832
785
- 5.6%
559
528
- 5.5%
273
257
- 5.9%
$250,001 to $300,000
546
562
+ 2.9%
359
383
+ 6.7%
187
179
- 4.3%
$300,001 and Above
1,003
917
- 8.6%
689
670
- 2.8%
314
247
- 21.3%
All Price Ranges
7,484
7,644
+ 2.1%
3,462
3,630
+ 4.9%
3,395
3,320
- 2.2%
By Bedroom Count
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
2 Bedrooms or Less
2,246
2,251
+ 0.2%
244
258
+ 5.7%
2,002
1,993
- 0.4%
3 Bedrooms
3,722
3,784
+ 1.7%
2,536
2,665
+ 5.1%
1,186
1,119
- 5.6%
4 Bedrooms or More
1,265
1,344
+ 6.2%
1,125
1,218
+ 8.3%
140
126
- 10.0%
All Bedroom Counts
7,484
7,644
+ 2.1%
3,462
3,630
+ 4.9%
3,395
3,320
- 2.2%
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 | 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 4-2011
By Bedroom Count
4-2012
4-2011
By Property Type 4-2011
4-2012
4-2012
198 190 164
169
174
198 174
182
214
194
212
180
180
180 178
176
175
171 168
172
+ 3.2%
+ 9.1%
+ 4.2%
+ 10.3%
- 0.9%
+ 2.9%
+ 6.0%
- 1.7%
+ 4.6%
+ 2.8%
$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
4-2011
4-2012
Single-Family Homes
Condos
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
$150,000 and Below
164
169
+ 3.2%
157
171
+ 8.4%
168
168
- 0.1%
$150,001 to $200,000
174
190
+ 9.1%
165
177
+ 6.7%
188
214
+ 13.8%
$200,001 to $250,000
174
182
+ 4.2%
166
176
+ 6.0%
192
193
+ 0.5%
$250,001 to $300,000
180
198
+ 10.3%
177
188
+ 6.0%
185
228
+ 22.8%
$300,001 and Above
214
212
- 0.9%
220
212
- 3.5%
199
212
+ 6.4%
All Price Ranges
174
180
+ 3.7%
172
180
+ 4.6%
175
180
+ 2.8%
By Bedroom Count
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
2 Bedrooms or Less
171
176
+ 2.9%
163
179
+ 10.2%
172
176
+ 2.0%
3 Bedrooms
168
178
+ 6.0%
163
175
+ 7.7%
180
185
+ 3.1%
4 Bedrooms or More
198
194
- 1.7%
196
191
- 2.6%
209
226
+ 7.9%
All Bedroom Counts
174
180
+ 3.7%
172
180
+ 4.6%
175
180
+ 2.8%
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 | 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 4-2011
By Property Type 4-2011
4-2012 $270,000
4-2012 $170,828
$252,000
$145,000
$164,000
$139,000 $115,000
$155,000 $99,000
$108,000
$150,000
$90,000
- 9.1%
- 3.2%
- 6.7%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 4.1%
All Properties
- 4.0%
All Properties p
Single-Family g y Homes
Single-Family Homes
- 6.1% Condos
Condos
By Bedroom Count
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
2 Bedrooms or Less
$99,000
$90,000
- 9.1%
$110,000
$90,700
- 17.5%
$98,000
$90,000
- 8.2%
3 Bedrooms
$155,000
$150,000
- 3.2%
$155,000
$149,900
- 3.3%
$155,000
$157,475
+ 1.6%
4 Bedrooms or More
$270,000
$252,000
- 6.7%
$265,000
$250,000
- 5.7%
$290,000
$297,000
+ 2.4%
All Bedroom Counts
$145,000
$139,000
- 4.1%
$170,828
$164,000
- 4.0%
$115,000
$108,000
- 6.1%
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 4-2011
By Bedroom Count
4-2012
4-2011
4-2011
94.8% 95.2%
95.4% 95.0%
95.0%
By Property Type
4-2012
94.6%
94.6%
94.4%
95.2%
94.6%
4-2012
93.8% 93.9% 93.8%
93.7% 93.4%
93.1%
93.6% 93.2%
93.3%
92.9%
- 0.3%
- 0.2%
- 0.4%
- 0.3%
+ 0.7%
- 0.3%
- 0.2%
+ 0.1%
- 0.2%
- 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
4-2011
4-2012
Single-Family Homes Change
4-2011
4-2012
Change
Condos 4-2011
4-2012
Change
$150,000 and Below
93.7%
93.4%
- 0.3%
94.0%
93.6%
- 0.4%
93.5%
93.2%
- 0.3%
$150,001 to $200,000
95.2%
95.0%
- 0.2%
95.9%
95.7%
- 0.2%
94.0%
93.9%
- 0.1% - 1.1%
$200,001 to $250,000
95.0%
94.6%
- 0.4%
95.6%
95.6%
- 0.0%
93.8%
92.8%
$250,001 to $300,000
95.4%
95.2%
- 0.3%
96.2%
96.0%
- 0.2%
93.9%
93.0%
- 1.0%
$300,001 and Above
93.1%
93.8%
+ 0.7%
92.9%
93.7%
+ 0.9%
93.8%
94.3%
+ 0.4%
All Price Ranges
94.1%
93.9%
- 0.2%
94.6%
94.4%
- 0.2%
93.6%
93.3%
- 0.3%
By Bedroom Count
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
2 Bedrooms or Less
93.2%
92.9%
- 0.3%
92.1%
91.2%
- 0.9%
93.3%
93.2%
- 0.2%
3 Bedrooms
94.8%
94.6%
- 0.2%
95.2%
95.0%
- 0.2%
94.0%
93.7%
- 0.3%
4 Bedrooms or More
93.8%
93.9%
+ 0.1%
93.9%
93.9%
+ 0.1%
93.5%
93.5%
+ 0.0%
All Bedroom Counts
94.1%
93.9%
- 0.2%
94.6%
94.4%
- 0.2%
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 4-2011
By Bedroom Count
4-2012
4-2011
By Property Type 4-2011
4-2012
4-2012
4,250
4,071
4,874
3,552
3,327
4,744 4,098
3,014
4,020
2,599 2,237
2,051
1,978
1,734
1,596 1,287 946
866
768
660
- 18.3%
- 19.4%
- 8.5%
- 14.1%
- 11.6%
- 13.8%
- 16.4%
- 15.5%
- 15.9%
- 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
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
$150,000 and Below
4,071
3,327
- 18.3%
1,492
1,103
- 26.1%
2,579
2,224
- 13.8%
$150,001 to $200,000
1,596
1,287
- 19.4%
874
720
- 17.6%
722
567
- 21.5%
$200,001 to $250,000
946
866
- 8.5%
565
538
- 4.8%
381
328
- 13.9%
$250,001 to $300,000
768
660
- 14.1%
474
409
- 13.7%
294
251
- 14.6%
$300,001 and Above
2,237
1,978
- 11.6%
1,469
1,328
- 9.6%
768
650
- 15.4%
All Price Ranges
9,618
8,118
- 15.6%
4,874
4,098
- 15.9%
4,744
4,020
- 15.3%
By Bedroom Count
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
2 Bedrooms or Less
3,014
2,599
- 13.8%
304
255
- 16.1%
2,710
2,344
- 13.5%
3 Bedrooms
4,250
3,552
- 16.4%
2,768
2,314
- 16.4%
1,482
1,238
- 16.5%
4 Bedrooms or More
2,051
1,734
- 15.5%
1,801
1,528
- 15.2%
250
206
- 17.6%
All Bedroom Counts
9,618
8,118
- 15.6%
4,874
4,098
- 15.9%
4,744
4,020
- 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 4-2011
By Bedroom Count
4-2012
4-2011
By Property Type
4-2012
4-2011
26.5
4-2012 15.7
15.2
24.6
19.5 12.8 16.2
17.1 14.4
13.0
13.9 10.9
12.7
12.8
13.4
11.0
14.2
13.7 10.5
9.0
- 30.7%
- 24.4%
- 8.5%
- 21.9%
- 7.3%
- 21.0%
- 23.0%
- 27.3%
- 27.5%
- 18.7%
$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
4-2011
4-2012
Single-Family Homes Change
4-2011
4-2012
Change
Condos 4-2011
4-2012
Change
$150,000 and Below
13.0
9.0
- 30.7%
12.5
7.0
- 44.2%
13.3
10.5
- 21.0%
$150,001 to $200,000
14.4
10.9
- 24.4%
12.9
9.5
- 26.0%
16.7
13.2
- 20.9%
$200,001 to $250,000
13.9
12.7
- 8.5%
12.5
11.7
- 6.3%
16.6
14.8
- 11.0%
$250,001 to $300,000
17.1
13.4
- 21.9%
15.8
12.1
- 23.1%
19.8
16.0
- 19.2%
$300,001 and Above
26.5
24.6
- 7.3%
25.1
22.4
- 10.7%
29.8
30.8
+ 3.4%
All Price Ranges
15.5
11.8
- 23.5%
15.2
11.0
- 27.5%
15.7
12.8
- 18.7%
By Bedroom Count
4-2011
4-2012
Change
4-2011
4-2012
Change
4-2011
4-2012
Change
2 Bedrooms or Less
16.2
12.8
- 21.0%
15.7
10.4
- 33.6%
16.2
13.1
- 19.3%
3 Bedrooms
13.7
10.5
- 23.0%
13.4
9.8
- 26.9%
14.4
12.4
- 13.7%
4 Bedrooms or More
19.5
14.2
- 27.3%
19.1
13.8
- 27.9%
22.9
18.0
- 21.2%
All Bedroom Counts
15.5
11.8
- 23.5%
15.2
11.0
- 27.5%
15.7
12.8
- 18.7%
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 | 7