Grand Strand Market Report August 2012 July’s sales momentum carried forward into August. August Single Family Residential (SFR) sales activity signaled continued recovery and stabilization. In August, SFR sales activity showed strength as sales was up from July and up 11.2% as compared to August, 2011. Year-to-date (YTD), SFR sales are up 13.4%. As sales remain strong, SFR inventory declined slightly and remains flat to its level from early summer. Compared to August 2011, SFR inventory is down 2% as the improved real estate sales environment may have gotten some to the ‘fence setters’ back into the market. Distressed sales continue to play a role in SFR sales as distressed sales represent 27.5% of all SFR sales. Another positive trend is the gradually improving SFR median sales price. During August, SFR median sales prices were up as compared to July and August, 2011. This improvement is driven by strong non-distressed sales prices. Year to date, SFR median sales prices are down 1.7% from it comparable 2011 level. Condo inventory continued its anticipated contraction as the inventory level has dropped for the fifth straight month. This drop is a 9% reduction versus August 2011 and is the lowest level since tracking began in 2010. Similar to SFR, Condo sales were up in August. August sales were better than July’s sales and 15.7% better than August 2011. Additionally, Condo median sales prices appear to have stabilize as August median sales price is up slightly from July and August, 2011. Year-to-date, Condo median sales prices are down 3.7% as compared to 2011. Residential lot activity continues to represent a small but improving (in terms of sales) component of the real estate market as residential lots remain competitively price.
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.
3,904
Georgetown Co. Total
4,018
Georgetown Co.
821
Residential Lot Horry Co.
410 Total
4,725
# Listings 1,910
Georgetown Co.
744 Total
4,428
2,654
Average List Price
$336,957
Average List Price
$187,815
Average List Price
$129,534
Median List Price
$219,900
Median List Price
$132,000
Median List Price
$63,400
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,148
92
Less than $100k
$150k - $250k
1,372
151
$250k - $500k
900
304
$500k - $1.0 MM $1 MM +
299 95
Horry Co.
G’town Co.
1,413
52
$100k - $150k
989
80
$150k - $200k
596
70
$200k - $400k
750
108
174 100
$400k -$750k
218
67
$750+
52
33
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
354
50
$25k - $50k
646
89
$50k - $75k
270
78
$75k-100k
197
95
$100k-175k
210
157
$175k -250k
103
123
$250k+
130
152
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,400
# of Listings
5,200 5,000 4,800
August 2011 4,821
August 2012 4,725
4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900 850 800
August 2011 831
August 2012 781
750 700 650 600
Research performed by SiteTech Systems
3
Grand Strand Condo Inventory Trends
# of Listings
Grand Strand Condo Inventory 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
August 2011 4,864
August 2012 4,428
Grand Strand Distressed Condo Listings 1000 950
August 2011 803
850
August 2012 686
800 750 700 650
Research performed by SiteTech Systems
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
600 Aug-10
# of Distressed
900
4
Closed Sales - SFR Year to Date
August
2,833
397
357
303
2,499
2,410
2010
2011
2012
2010
2011
2012
Historical Activity 600 500
August 2012 397
400 300 200 100 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
5
Average Sales Price - SFR August
Year to Date
$249,625
$232,711 $212,369
$221,603
$224,371
$218,134
2010
2011
2012
2010
2011
2012
Historical Activity $375,000 $345,000 $315,000 $285,000
August 2012 $221,603
$255,000 $225,000 $195,000 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
6
Median Sales Price - SFR Year to Date
August
$184,414 $173,000
$200,000
2010
$170,500
$177,321
2011
2012
2010
2011
$170,000
2012
Historical Activity $250,000 $240,000 $230,000 $220,000
$210,000 $200,000
August 2012 $177,321
$190,000 $180,000 $170,000 $160,000 $150,000 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
7
Median Sales Price – SFR Distressed & Non-Distressed $250,000
$225,000
$200,000
Non-Distressed
$175,000
Distressed Combined $150,000
$125,000
Research performed by SiteTech Systems
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-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 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12
Research performed by SiteTech Systems
9
Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Oct 11-Nov Dec-11 12-Jan 12-Feb 12-Mar Apr-12 May-12 Jun-12 Jul 12 Aug-12
SFR Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
40.0% % Cash
30.0% % Conventional
20.0%
10.0%
0.0%
Research performed by SiteTech Systems 10
Sold to List Price Ratio - SFR August
Year to Date
90%
90%
91%
90% 88%
88%
2010
2011
2010
2012
2011
2012
Historical Activity 99 97 95
August 2012 90%
93 91 89
87 85 83 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
'Aug 12
11
Closed Sales - Condo August
Year to Date 2,619
332 316
2,466 2,366
287
2010
2011
2012
2010
2011
2012
Historical Activity 1050
850
August 2012 332
650 450 250
50 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
12
Average Sales Price - Condo August
Year to Date $146,210
$150,282 $130,661
$138,957 $135,286
$123,244
2010
2011
2010
2012
2011
2012
Historical Activity $400,000
$350,000 $300,000
$250,000
August 2012 $130,661
$200,000 $150,000
$100,000 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
13
Median Sales Price - Condo August
Year to Date
$120,000
$115,000
2010
$103,000
$105,000
2011
2012
$109,000
2010
2011
$105,000
2012
Historical Activity $275,000
$225,000 $175,000
August 2012 $105,000
$125,000
$75,000 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 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
Research performed by SiteTech Systems
Aug-12
Ju1-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
$60,000
15
Median Sales Price – Condo Cash & Conventional Transactions $170,000
$150,000
$130,000
Cash
$110,000
Conventional Combined
$90,000
$70,000
Research performed by SiteTech Systems
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
12-Feb
Jan-12
Dec-11
11-Nov
11-Oct
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
$50,000
16
Research performed by SiteTech Systems Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
12-Feb
Jan-12
Dec-11
11-Nov
11-Oct
11-Sep
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
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%
17
Sold to List Price Ratio - Condo August
Year to Date
88% 88% 86%
86%
2010
2011
2012
86%
86%
2010
2011
2012
Historical Activity 105
100
August 2012 88%
95 90 85
80 75 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
18
Closed Sales – Residential Lot August
Year to Date 74
698
65 46
463 389
2010
2011
2012
2010
2011
2012
Historical Activity 310 260
210
August 2012 65
160 110 60
10 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
19
Average Sales Price – Residential Lot August
Year to Date
$83,677
$78,525
$78,590 $71,764
$50,974
$67,115
2010
2011
2010
2012
2011
2012
Historical Activity $300,000 $250,000
August 2012 $50,974
$200,000 $150,000 $100,000 $50,000 $0 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
20
Median Sales Price – Residential Lot August
Year to Date $44,900
$49,400
$35,950 $35,000
$34,500
2011
2012
2010
2010
2011
$32,000
2012
Historical Activity $150,000 $125,000
$100,000
August 2012 $34,500
$75,000 $50,000 $25,000
$0 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
21
Median Sales Price – Res. Lot (Non-Distressed) August
Year to Date
$55,000
$77,500
$68,000
$52,588
$31,750
2010
2011
$46,000
2012
2010
2011
2012
Historical Activity $90,000 $80,000 $70,000
$60,000 $50,000 $40,000 $30,000
August 2012 $31,750
$20,000 $10,000 $Jan 10
Apr 10
Jul 10
Oct 10
Jan 11
Apr 11
Jul 11
Research performed by SiteTech Systems
Oct 10
Jan 12
Apr 12
Jul 12
22
Sold to List Price Ratio – Residential Lot August
Year to Date 75%
75%
74%
72% 70%
2010
2011
70%
2012
2010
2011
2012
Historical Activity 110 100
August 2012 70%
90 80
70 60 50 40 Aug 05
Aug 06
Aug 07
Aug 08
Aug 09
Research performed by SiteTech Systems
Aug 10
Aug 11
Aug 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
695
Horry Co.
651
Horry Co.
311
Georgetown Co.
86
Georgetown Co.
35
Georgetown Co.
77
Total
Total
781
Total
686
Average List Price
$195,241
Average List Price
$118,310
Median List Price
$137,500
Median List Price
$89,900
388
Average List Price
$66,380
Median List Price
$34,900
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
416
35
$150k - $250k
158
22
$250k - $500k
91
19
$500k - $1.0 MM
27
8
$1 MM +
3
2
Horry Co.
G’town Co.
Less than $100k
393
14
$100k - $150k
104
7
$150k - $200k
73
5
$200k - $400k
70
3
$400k -$750k
11
6
-
-
$750+
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
129
9
$25k - $50k
88
18
$50k - $75k
34
10
$75k-100k
23
13
$100k-175k
20
15
$175k -250K
10
8
$250K +
7
4
24
Distressed Sales SFR
Total
August
Oct
Dec
Feb
Apr
June
August
Condo
August
Dec
Feb
Apr
June
August
% Total Sales 29 28
August
Oct
Oct
Dec
Feb
Apr
June
August
August
32 33
Oct
Research performed by SiteTech Systems
37 30
Dec
32 33
Feb
28 28 29 29 29
Apr
June
August
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
August 2012
Quick Facts
As the school-aged among us work their way back into classrooms across America, we continue to monitor key improvements in the local housing market with a keener eye. With two-thirds of 2012 complete, we're starting to get a sense for how the year will shake out. Headlines include encouraging phrases like "Recovery Takes Hold," "Home Prices on the Rise" and "Situation Eases for Sellers." Local market conditions largely support this sentiment. New Listings in the Coastal Carolinas region were up 2.8 percent for detached homes but decreased 12.5 percent for condos. Pending Sales increased 57.9 percent for single-family homes and 30.1 percent for condos. The Median Sales Price was up 2.3 percent to $166,550 for single-family properties and 5.1 percent to $105,000 for condo units. Months Supply of Inventory decreased 28.6 percent for single-family units and 25.4 percent for townhouse-condo units. With election season in full swing, both politicians and economists will place extra emphasis on jobs and unemployment figures. Recognizing the relationship between jobs and housing demand, the most tuned-in agents and brokers will do the same. The truth is, the economy is and has been expanding consistently for years, albeit at a disjointed pace. There's reason for optimism going into the last third of 2012 and even into 2013, and housing is actually playing a large role in that positive outlook.
+ 12.1%
+ 10.2%
+ 14.6%
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 8-2009
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
5,974
+ 0.2%
356
562
+ 57.9%
2,947
3,613
+ 22.6%
391
431
+ 10.2%
2,728
3,074
+ 12.7%
174
172
- 1.3%
178
176
- 1.2%
$162,750
$166,550
+ 2.3%
$165,000
$162,000
- 1.8%
$195,650
$208,621
+ 6.6%
$208,712
$205,866
- 1.4%
94.0%
94.6%
+ 0.7%
94.3%
95.1%
+ 0.9%
140
151
+ 8.0%
140
151
+ 8.0%
4,671
3,965
- 15.1%
--
--
--
13.8
9.8
- 28.6%
--
--
--
8-2012
Months Supply of Homes for Sale 8-2009
5,963
8-2012
Inventory of Homes for Sale 8-2009
+ 2.8%
8-2012
Housing Affordability Index 8-2009
732
8-2012
Percent of List Price Received 8-2009
712
8-2012
Average Sales Price 8-2009
+/–
8-2012
Median Sales Price 8-2009
YTD 2011 YTD 2012
8-2012
Days on Market Until Sale 8-2009
+/–
8-2012
Closed Sales 8-2009
8-2012
8-2012
Pending Sales 8-2009
8-2011
8-2012
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 8-2009
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
8-2010
8-2011
4,692
- 6.7%
329
428
+ 30.1%
2,573
2,974
+ 15.6%
288
330
+ 14.6%
2,480
2,615
+ 5.4%
176
171
- 3.0%
179
174
- 2.8%
$99,950
$105,000
+ 5.1%
$106,950
$104,375
- 2.4%
$123,658
$131,732
+ 6.5%
$138,950
$136,367
- 1.9%
94.9%
93.8%
- 1.2%
93.6%
93.7%
+ 0.1%
215
227
+ 22.8%
215
227
+ 22.8%
4,548
3,701
- 18.6%
--
--
--
15.2
11.3
- 25.4%
--
--
--
8-2012
Months Supply of Homes for Sale 8-2009
5,031
8-2012
Inventory of Homes for Sale 8-2009
- 12.5%
8-2012
Housing Affordability Index 8-2009
492
8-2012
Percent of List Price Received 8-2009
562
8-2012
Average Sales Price 8-2009
+/–
8-2012
Median Sales Price 8-2009
YTD 2011 YTD 2012
8-2012
Days on Market Until Sale 8-2009
+/–
8-2012
Closed Sales 8-2009
8-2012
8-2012
Pending Sales 8-2009
8-2011
8-2012
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.
August
Year to Date
755 712
732 6,790
658
5,963
562
5,974
5,763 5,031
492
2010
2011
2012
-5.7%
+2.8%
Single-Family
2010
2011
2012
-14.6%
-12.5%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
606
- 14.3%
505
- 14.6%
October
636
- 5.2%
545
- 2.2%
November
606
- 1.5%
555
+ 5.9%
December
455
- 8.1%
444
+ 3.5%
January
762
- 0.5%
690
+ 6.2%
February
701
- 9.0%
609
- 2.1%
March
805
- 10.8%
662
- 12.9%
Month
2011
2012
-12.2%
+0.2%
Single-Family
2010
4,692
2011
2012
-12.7%
-6.7%
Condo
April
740
0.0%
614
- 16.2%
May
805
+ 16.8%
602
+ 8.7%
June
742
+ 1.0%
503
- 15.7%
July
687
+ 5.9%
520
- 6.0%
August
732
+ 2.8%
492
- 12.5%
8,277
- 2.1%
6,870
- 5.5%
Total
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.
August
Year to Date 562
3,613
428
325
2010
2,756
2,974
2,947 2,463
356 324
2011
2012
+9.5%
+57.9%
Single-Family
2010
2,573
329
2011
2012
+1.5%
+30.1%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
342
+ 21.3%
265
- 9.6%
October
330
+ 1.5%
261
- 15.8%
Month
2011
2012
+6.9%
+22.6%
Single-Family
2010
2011
2012
+4.5%
+15.6%
Condo
November
297
+ 6.5%
235
- 4.1%
December
257
+ 7.5%
191
+ 7.9%
January
338
+ 15.0%
309
+ 14.0%
February
403
+ 17.8%
337
+ 1.2%
March
462
+ 8.5%
399
+ 0.5%
April
434
+ 12.4%
430
+ 14.7%
May
473
+ 22.9%
369
+ 16.4%
June
464
+ 27.1%
358
+ 27.9%
July
477
+ 21.4%
344
+ 26.9%
August
562
+ 57.9%
428
+ 30.1%
4,839
+ 18.8%
3,986
+ 9.5%
Total
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.
August
Year to Date 3,074
431 391
2,630
330
2,728 2,369
330
315
2,480
2,615
288
2010
2011
2012
+18.5%
+10.2%
Single-Family
2010
2011
2012
-8.6%
+14.6%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
353
+ 9.6%
298
- 2.0%
October
342
+ 18.8%
265
- 2.9%
November
336
+ 31.8%
239
- 4.4%
December
323
- 1.8%
259
- 11.3%
Month
2011
2012
+3.7%
+12.7%
Single-Family
2010
2011
2012
+4.7%
+5.4%
Condo
January
273
+ 12.3%
210
0.0%
February
295
+ 17.1%
270
+ 13.0%
March
384
+ 6.1%
353
- 6.9%
April
366
0.0%
352
- 5.4%
May
428
+ 18.9%
403
+ 14.2%
June
453
+ 11.9%
391
+ 10.1%
July
444
+ 27.2%
306
+ 7.7%
August
431
+ 10.2%
330
+ 14.6%
4,428
+ 12.9%
3,725
+ 2.4%
Total
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.
August
Year to Date 174
172
174
176
171
160
2010
2011
2012
+9.0%
-1.3%
Single-Family
2010
2011
2012
+1.5%
-3.0%
169
2010
Condo
178
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
178
+ 3.1%
196
+ 13.8%
October
200
+ 9.8%
195
+ 8.2%
Month 176
2011
2012
+5.1%
-1.2%
Single-Family
170
2010
179
174
2011
2012
+5.3%
-2.8%
Condo
November
183
+ 7.1%
169
- 7.7%
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 1.9%
February
185
+ 16.7%
184
+ 5.0%
March
177
- 3.9%
167
- 2.5%
April
176
- 3.3%
170
- 0.8%
May
182
+ 13.0%
170
- 9.2%
June
175
- 4.8%
184
+ 0.1%
July
161
- 11.4%
169
- 8.8%
August
172
- 1.3%
171
- 3.0%
Total
178
+ 0.7%
176
- 1.8%
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.
August
Year to Date $175,000 $165,000 $162,000
$194,990 $162,750 $166,550
$119,900 $106,950 $104,375 $115,000 $99,950
2010
2011
2012
-16.5%
+2.3%
2010
Single-Family
$105,000
2011
2012
-13.1%
+5.1%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
164,250
- 3.4%
108,750
- 5.4%
October
167,487
- 8.9%
105,000
- 10.3%
Month
2011
2012
-5.7%
-1.8%
Single-Family
2010
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
170,400
+ 3.3%
95,000
- 5.0%
March
160,000
- 10.1%
104,000
- 5.4%
April
158,000
+ 0.0%
115,000 + 15.0%
May
161,500
+ 0.9%
105,000
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
July
167,000
+ 2.9%
95,000
- 13.6%
2011
2012
August
166,550
+ 2.3%
105,000
+ 5.1%
-10.8%
-2.4%
Median
162,885
- 2.5%
106,000
- 4.9%
Condo
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.
August
Year to Date
$235,887 $218,339
$208,621 $195,650
$208,712 $205,866
$150,143
$147,585 $123,658
2010
2011
2012
- 17.1%
+ 6.6%
2010
Single-Family
$131,732
2011
2012
- 16.2%
+ 6.5%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
207,648
- 1.7%
137,638
+ 0.3%
October
220,063
- 0.0%
154,308
+ 1.9%
Month
2011
2012
- 4.4%
- 1.4%
Single-Family
2010
$138,950 $136,367
2011
2012
- 7.5%
- 1.9%
Condo
November
205,868
- 11.5%
132,004
- 17.3%
December
221,155 + 12.9%
132,909
- 4.8%
January
203,310
+ 5.2%
123,343
- 14.1%
February
205,042
- 1.9%
129,473
+ 3.1%
March
210,924
- 8.8%
130,685
- 9.1%
April
193,770
- 7.4%
143,400 + 10.4%
May
200,975
+ 2.3%
144,324
- 3.4%
June
215,154
- 4.5%
143,178
- 2.4%
July
206,199
+ 1.3%
135,614
- 6.6%
August
208,621
+ 6.6%
131,732
+ 6.5%
Average
189,507
- 3.1%
137,082
- 2.8%
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.
August 94.5%
2010
Year to Date 94.0%
94.6%
2011
2012
-0.6%
+0.7%
Single-Family
93.5%
2010
94.9%
93.8%
2011
2012
+1.5%
-1.2%
94.6%
2010
Condo
94.3%
95.1%
2011
2012
-0.4%
+0.9%
Single-Family
94.0%
2010
93.6%
93.7%
2011
2012
-0.4%
+0.1%
Condo
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
94.7%
+ 0.1%
93.2%
+ 0.4%
October
94.2%
- 0.8%
92.0%
- 1.5%
November
94.2%
+ 0.3%
93.7%
+ 1.1%
December
94.1%
- 0.2%
93.2%
- 0.5%
January
95.5%
+ 1.6%
92.6%
- 1.8%
February
95.3%
+ 0.8%
93.3%
- 0.4%
March
94.6%
- 0.7%
92.9%
- 0.6%
April
95.0%
+ 1.2%
94.7%
+ 0.9%
May
95.3%
+ 1.5%
93.7%
- 0.1%
June
96.1%
+ 1.9%
93.9%
+ 0.6%
July
94.8%
+ 0.6%
94.3%
+ 2.6%
August
94.6%
+ 0.7%
93.8%
- 1.2%
Average
90.0%
+ 1.9%
88.1%
+ 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.
August
Year to Date 215
227
215
194
140
151
140
121
2010
227
194
151 121
2011
2012
+13.6%
+8.0%
Single-Family
2010
2011
2012
+4.6%
+22.8%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
140
+ 15.7%
204
+ 10.7%
October
140
+ 2.0%
211
+ 3.4%
Month
2011
2012
+13.6%
+8.0%
Single-Family
2010
2011
2012
+4.6%
+22.8%
Condo
Historical Housing Affordability Index
November
147
+ 9.5%
233
+ 10.0%
December
144
+ 12.3%
208
+ 18.2%
January
148
+ 3.2%
235
+ 3.5%
February
144
+ 6.2%
237
+ 19.8%
March
151
+ 8.9%
222
+ 15.6%
April
152
+ 21.0%
205
+ 15.4%
May
150
+ 10.3%
220
- 0.7%
June
155
+ 8.4%
216
+ 13.0%
July
150
+ 20.0%
244
+ 14.5%
August
151
+ 8.0%
227
+ 22.8%
Average
148
+ 10.5%
222
+ 12.2%
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.
August 5,304
5,225 4,671
4,548 3,965
2010
2011 -10.6% Single-Family
3,701
2010
2012
2011 -14.3% Condo
-15.1%
2012 -18.6%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
4,564
- 11.3%
4,470
- 13.4%
October
4,539
- 10.2%
4,433
- 11.0%
November
4,512
- 9.8%
4,446
- 9.4%
December
4,244
- 10.4%
4,291
- 8.8%
January
4,304
- 9.5%
4,356
- 6.8%
February
4,299
- 10.9%
4,366
- 6.8%
March
4,285
- 12.8%
4,321
- 8.3%
April
4,284
- 12.1%
4,181
- 12.0%
May
4,254
- 11.6%
4,134
- 12.4%
June
4,218
- 12.3%
3,992
- 15.0%
July
4,099
- 13.0%
3,894
- 16.0%
August
3,965
- 15.1%
3,701
- 18.6%
Average
3,173
- 16.5%
3,783
- 18.2%
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.
August
SingleFamily
YoY Chg.
Condo
YoY Chg.
September
13.3
- 16.6%
15
- 16.5%
October
13.2
- 16.1%
15.1
- 12.6%
Month
18.4 15.9
15.2 13.8 11.3 9.8
2010
2011 -13.5% Single-Family
2012
2010
-28.6%
2011
2012
-17.7% Condo
-25.4%
November
13.0
- 15.6%
15.2
- 9.7%
December
12.2
- 16.7%
14.6
- 9.8%
January
12.2
- 16.8%
14.7
- 9.2%
February
12.1
- 19.0%
14.7
- 7.4%
March
11.9
- 20.6%
14.5
- 7.5%
April
11.8
- 22.5%
13.8
- 12.5%
May
11.5
- 21.9%
13.5
- 13.4%
June
11.1
- 23.5%
12.8
- 18.6%
July
10.6
- 24.1%
12.2
- 21.1%
August
9.8
- 28.6%
11.3
- 25.4%
Average
9.0
- 29.1%
11.4
- 25.3%
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
August 2012
Quick Facts
As the school-aged among us meander back into classrooms across the country, the rest of us continue to monitor key developments in local real estate. For the 12-month period spanning September 2011 through August 2012, Closed Sales in the Coastal Carolinas region were up 7.8 percent overall. The price range with the largest gain in sales was the $250,001 to $300,000 range, where they increased 13.3 percent. The overall Median Sales Price was down 2.4 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 2.5 percent to $162,885. The price range that tended to sell the quickest was the $150,000 and Below range at 165 days; the price range that tended to sell the slowest was the $300,001 and Above range at 214 days. Market-wide, inventory levels were down 16.8 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.1 percent. That amounts to 9.8 months supply for SingleFamily homes and 11.3 months supply for Condos.
+ 13.3%
+ 11.1%
+ 11.5%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$250,001 to $300,000
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 8-2011
By Property Type
By Bedroom Count
8-2012
8-2011
8-2011
8-2012
3,862
4,025
4,341
8-2012
3,717
3,882
2,259
2,396 3,465
1,350
1,278
1,400 809
806
953 527
3,427
1,420
3,470
960
597
+ 11.8%
+ 3.7%
- 0.4%
+ 13.3%
+ 0.7%
+ 6.1%
+ 8.3%
+ 11.1%
+ 11.5%
+ 1.3%
$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
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
$150,000 and Below
3,882
4,341
+ 11.8%
1,518
1,867
+ 23.0%
2,364
2,474
+ 4.7%
$150,001 to $200,000
1,350
1,400
+ 3.7%
835
902
+ 8.0%
515
498
- 3.3%
$200,001 to $250,000
809
806
- 0.4%
545
535
- 1.8%
264
271
+ 2.7%
$250,001 to $300,000
527
597
+ 13.3%
354
420
+ 18.6%
173
177
+ 2.3%
$300,001 and Above
953
960
+ 0.7%
670
704
+ 5.1%
283
256
- 9.5%
7,521
8,104
+ 7.8%
3,465
3,862
+ 11.5%
3,427
3,470
+ 1.3%
All Price Ranges
By Bedroom Count
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
2 Bedrooms or Less
2,259
2,396
+ 6.1%
235
299
+ 27.2%
2,024
2,097
+ 3.6%
3 Bedrooms
3,717
4,025
+ 8.3%
2,527
2,842
+ 12.5%
1,190
1,183
- 0.6%
4 Bedrooms or More
1,278
1,420
+ 11.1%
1,160
1,287
+ 10.9%
118
133
+ 12.7%
All Bedroom Counts
7,521
8,104
+ 7.8%
3,465
3,862
+ 11.5%
3,427
3,470
+ 1.3%
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 | 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 8-2011
8-2011
215 168
181
By Property Type
By Bedroom Count
8-2012
183
165
176
186
191
199
8-2011
8-2012
195
214
8-2012 179
195 178
177
176 172
174
175
176
- 2.0%
+ 1.1%
+ 5.7%
+ 4.0%
- 0.4%
- 2.2%
+ 0.7%
- 0.0%
+ 0.7%
- 1.6%
$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
8-2011
8-2012
$150,000 and Below
168
$150,001 to $200,000
181
$200,001 to $250,000 $250,001 to $300,000
Single-Family Homes
Condos
Change
8-2011
8-2012
Change
8-2011
8-2012
165
- 2.0%
166
166
+ 0.3%
170
164
- 3.6%
183
+ 1.1%
172
171
- 1.0%
196
206
+ 5.2%
176
186
+ 5.7%
166
183
+ 9.8%
195
192
- 1.6%
191
199
+ 4.0%
176
198
+ 12.2%
224
201
- 10.4%
$300,001 and Above
215
214
- 0.4%
223
211
- 5.5%
194
224
+ 15.7%
All Price Ranges
178
177
- 0.4%
177
178
+ 0.7%
179
176
- 1.6%
By Bedroom Count
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
2 Bedrooms or Less
176
172
- 2.2%
174
178
+ 2.3%
177
172
- 2.8%
3 Bedrooms
174
175
+ 0.7%
170
172
+ 1.4%
184
183
- 0.1%
4 Bedrooms or More
195
195
- 0.0%
194
192
- 0.8%
208
222
+ 6.7%
All Bedroom Counts
178
177
- 0.4%
177
178
+ 0.7%
179
176
- 1.6%
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 8-2011
By Property Type 8-2011
8-2012
8-2012 $167,000
$257,262
$255,000
$141,400
$162,885
$138,000 $110,250
$152,500 $97,000
$105,000
$149,995
$89,500
- 7.7%
- 1.6%
- 0.9%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 2.4%
All Properties
- 2.5%
All Properties
Single-Family Homes
Single-Family Homes
- 4.8% Condos
Condos
By Bedroom Count
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
2 Bedrooms or Less
$97,000
$89,500
- 7.7%
$100,000
$95,000
- 5.0%
$96,000
$88,900
- 7.4%
3 Bedrooms
$152,500
$149,995
- 1.6%
$152,000
$148,000
- 2.6%
$155,000
$157,500
+ 1.6%
4 Bedrooms or More
$257,262
$255,000
- 0.9%
$255,000
$250,000
- 2.0%
$283,000
$322,000
+ 13.8%
All Bedroom Counts
$141,400
$138,000
- 2.4%
$167,000
$162,885
- 2.5%
$110,250
$105,000
- 4.8%
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 | 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 8-2011
By Property Type
By Bedroom Count
8-2012
8-2011
94.9%
95.1%
8-2012 94.9%
95.7%
95.4% 95.1%
8-2011
8-2012
95.0% 95.0%
94.5%
94.4%
94.3%
94.0% 93.7%
93.6%
93.4%
93.2%
93.5% 93.1%
93.5%
93.0%
+ 0.3%
+ 0.3%
+ 0.2%
+ 0.7%
+ 0.9%
- 0.1%
+ 0.5%
+ 0.9%
+ 0.6%
0.0%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties
Single-Family Homes
Condos
By Price Range
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
$150,000 and Below
93.4%
93.7%
+ 0.3%
93.5%
94.1%
+ 0.6%
93.3%
93.3%
0.0%
$150,001 to $200,000
95.1%
95.4%
+ 0.3%
95.7%
96.2%
+ 0.5%
94.2%
94.1%
- 0.1%
$200,001 to $250,000
94.9%
95.1%
+ 0.2%
95.6%
96.1%
+ 0.5%
93.7%
93.3%
- 0.4%
$250,001 to $300,000
95.0%
95.7%
+ 0.7%
96.0%
96.1%
+ 0.1%
92.7%
94.5%
+ 1.9%
$300,001 and Above
93.2%
94.0%
+ 0.9%
92.6%
94.0%
+ 1.5%
94.5%
93.9%
- 0.6%
All Price Ranges
93.9%
94.3%
+ 0.4%
94.3%
94.9%
+ 0.6%
93.5%
93.5%
0.0%
Change
By Bedroom Count
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
2 Bedrooms or Less
93.1%
93.0%
- 0.1%
92.0%
91.6%
- 0.4%
93.3%
93.2%
- 0.1%
3 Bedrooms
94.5%
95.0%
+ 0.5%
94.9%
95.4%
+ 0.5%
93.9%
94.0%
+ 0.1%
4 Bedrooms or More
93.6%
94.4%
+ 0.9%
93.6%
94.5%
+ 1.0%
93.8%
93.9%
+ 0.1%
All Bedroom Counts
93.9%
94.3%
+ 0.4%
94.3%
94.9%
+ 0.6%
93.5%
93.5%
0.0%
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 8-2011
By Property Type
By Bedroom Count
8-2012
8-2011
8-2011
8-2012
4,671
4,084
3,883
4,548 3,965
3,365
3,153
8-2012
3,701
2,904 2,143 1,448
1,228
986
816
759
2,394 1,967
1,862
1,694
607
- 18.8%
- 15.2%
- 17.2%
- 20.0%
- 13.1%
- 17.6%
- 17.6%
- 13.9%
- 15.1%
- 18.6%
$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
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
$150,000 and Below
3,883
3,153
- 18.8%
1,425
1,105
- 22.5%
2,458
2,048
- 16.7%
$150,001 to $200,000
1,448
1,228
- 15.2%
791
690
- 12.8%
657
538
- 18.1%
$200,001 to $250,000
986
816
- 17.2%
582
511
- 12.2%
404
305
- 24.5%
$250,001 to $300,000
759
607
- 20.0%
471
384
- 18.5%
288
223
- 22.6%
$300,001 and Above
2,143
1,862
- 13.1%
1,402
1,275
- 9.1%
741
587
- 20.8%
All Price Ranges
9,219
7,666
- 16.8%
4,671
3,965
- 15.1%
4,548
3,701
- 18.6%
By Bedroom Count
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
2 Bedrooms or Less
2,904
2,394
- 17.6%
307
241
- 21.5%
2,597
2,153
- 17.1%
3 Bedrooms
4,084
3,365
- 17.6%
2,639
2,220
- 15.9%
1,445
1,145
- 20.8%
4 Bedrooms or More
1,967
1,694
- 13.9%
1,724
1,503
- 12.8%
243
191
- 21.4%
All Bedroom Counts
9,219
7,666
- 16.8%
4,671
3,965
- 15.1%
4,548
3,701
- 18.6%
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 8-2011
By Property Type
By Bedroom Count
8-2012
8-2011
8-2012
8-2011
8-2012 15.2
26.5
17.6 21.7
15.4
12.5 9.8
8.0
9.8
11.2
14.7 11.7
11.3
13.3
12.9 17.0
13.8
9.2 11.3
11.7
- 32.1%
- 21.6%
- 23.0%
- 31.0%
- 18.2%
- 26.9%
- 28.8%
- 24.3%
- 28.6%
- 25.4%
$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
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
$150,000 and Below
11.7
8.0
- 32.1%
10.8
6.4
- 41.0%
$150,001 to $200,000
12.5
9.8
- 21.6%
10.9
8.6
- 21.3%
$200,001 to $250,000
14.7
11.3
- 23.0%
12.8
10.6
$250,001 to $300,000
17.0
11.7
- 31.0%
15.3
10.4
$300,001 and Above
26.5
21.7
- 18.2%
24.0
All Price Ranges
14.4
10.5
- 27.2%
By Bedroom Count
8-2012
Change
12.4
9.2
- 25.4%
15.2
12.0
- 20.9%
- 16.8%
18.7
12.7
- 32.3%
- 31.8%
20.9
15.0
- 28.2%
19.7
- 17.6%
33.2
27.6
- 16.7%
13.8
9.8
- 28.6%
15.2
11.3
- 25.4%
8-2011
8-2012
Change
8-2011
8-2012
Change
8-2011
8-2012
Change
2 Bedrooms or Less
15.4
11.2
- 26.9%
16.0
8.9
- 44.6%
15.3
11.6
- 24.3%
3 Bedrooms
12.9
9.2
- 28.8%
12.1
8.5
- 29.3%
14.7
10.7
- 27.1%
4 Bedrooms or More
17.6
13.3
- 24.3%
16.9
12.9
- 23.6%
24.3
17.2
- 29.1%
All Bedroom Counts
14.4
10.5
- 27.2%
13.8
9.8
- 28.6%
15.2
11.3
- 25.4%
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