Grand Strand Market Report January 2013 Sales Volume Up……Sales Prices still Lagging After a strong 2012 which had double digit sales growth for Single Family Residential (SFR) and Condos, January was another solid month in Year over Year sales growth. In SFR, sales volume experienced its expected seasonal drop from December but was up 3.5% from 2012 and 16.3% from 2011. SFR inventory was flat with December but up 3.5% from its January 2012 level. The slight increase in inventory was mostly non-distressed listings as distressed inventory continues to decline. Driven by an uptick in percentage of SFR distressed sales, the median sales price fell to $160,000. This is 4.8% below its average for 2012. Condo inventory levels continue to tighten as its current level is 13.5% below its prior year level. Distressed condo listings continue to decline and represents a smaller sector of the total listings. Although condo sales had its expected seasonal downtick in volume, January volume was up 7.1% as compared to 2011 and 2012 levels. Offsetting an increase in sales activity, the median sales price for condo fell to $96,000 in January. This represents a 7.9% decline for its 2012 average. The decline was driven a decrease in the median sales price on non-distressed properties. Residential lot sales were up about 8% while sales prices remained in line with prior year levels. The level of distressed sales were up from the fourth quarter driven primary by a higher level of distressed SFR activity.
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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.
3,692
Georgetown Co. Total
3,691
Georgetown Co.
802
Residential Lot Horry Co.
395 Total
4,494
# Listings 1,756
Georgetown Co.
752 Total
4,086
2,508
Average List Price
$335,518
Average List Price
$187,352
Average List Price
$124,115
Median List Price
$224,611
Median List Price
$133,900
Median List Price
$59,900
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,038
81
Less than $100k
$150k - $250k
1,354
183
$250k - $500k
964
279
$500k - $1.0 MM
249
141
$1 MM +
87
118
Horry Co.
G’town Co.
1,287
52
$100k - $150k
895
89
$150k - $200k
585
70
$200k - $400k
689
96
$400k -$750k
185
58
$750+
50
30
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
311
64
$25k - $50k
664
95
$50k - $75k
259
81
$75k-100k
160
115
$100k-175k
166
148
$175k -250k
77
116
$250k+
119
133
2
5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
Grand Strand SFR Inventory January 2012 4,340 January 2011 4,784
January 2013 4,494
Grand Strand Distressed SFR Listings 950 # of Distressed Listings
# of Listings
Grand Strand SFR Inventory Trends
900
January 2011 886
850
January 2012 796
800 750 700 650
January 2013 641
600
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3
Grand Strand Condo Inventory Trends Grand Strand Condo Inventory 5,500
January 2011 4,931
January 2012 4,725
5,000
January 2013 4,086
4,500 4,000
Grand Strand Distressed Condo Listings 1000 950
January 2011 915
900 # of Distressed
# of Listings
6,000
January 2012 841
850 800 750 700
January 2013 594
650 600 550
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4
Closed Sales - SFR Year to Date
January 264
255
264
255 227
227
2011
2012
2011
2013
2012
2013
Historical Activity 550 500 450
March 2006 500
January 2013 264
400 350
January 2009 149
300 250 200 150 100 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
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Jan 11
Jan 12
Jan 13
5
Average Sales Price - SFR January
Year to Date $211,598
$211,598
$210,519
$204,882
$210,519
$204,882
2011
2012
2013
2011
2012
2013
Historical Activity $375,000 $345,000
March 2007 $346,428
$315,000 $285,000
September 2012 $197,947
$255,000 $225,000 $195,000 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
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Jan 11
Jan 12
January 2013 $210,519
Jan 13
6
Median Sales Price - SFR Year to Date
January $165,000
$165,000
$160,500
$160,000
2011
2012
$160,500
2011
2013
$160,000
2012
2013
Historical Activity $250,000 $240,000 $230,000 $220,000
June 2006 $242,310
$210,000
November 2012 $154,950
$200,000
January 2013 $160,000
$190,000 $180,000 $170,000 $160,000 $150,000 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
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Jan 11
Jan 12
Jan 13
7
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13
Median Sales Price – SFR Distressed & Non-Distressed
$250,000
$225,000
$200,000
$175,000 Non-Distressed
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-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May 12 Jul-12 Sep-12 Nov-12 Jan-13
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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 January
Year to Date 92%
92%
90%
90%
88%
88%
2011
2012
2011
2013
2012
2013
Historical Activity 99 97
Dec '05- Jan '06 98%
January 2013 92%
95 93
April 2011 86%
91 89 87 85 83 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
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Jan 11
Jan 12
Jan 13
11
Closed Sales - Condo January
Year to Date 225
210
210
2011
2012
225
2013
210
210
2011
2012
2013
Historical Activity 1050 850
May 2006 845
650
January 2013 225
January 2009 117
450 250 50 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
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Jan 11
Jan 12
Jan 13
12
Average Sales Price - Condo January
Year to Date $141,489
$141,489 $131,580
$131,580 $123,565
$123,565
2011
2012
Historical Activity
2013
2011
2012
2013
June 2007 $348,053
$400,000 $350,000 $300,000 $250,000
$150,000 $100,000 Jan 06
January 2013 $131,518
December 2010 $105,000
$200,000
Jan 07
Jan 08
Jan 09
Jan 10
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Jan 11
Jan 12
Jan 13
13
Median Sales Price ‐ Condo January
Year to Date $105,950
$105,950
2011
$94,950
$96,000
2012
2013
2011
$94,950
$96,000
2012
2013
Historical Activity June 2007 $249,921
$275,000 $225,000 $175,000
November 2011 $93,450
$125,000 $75,000 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
Research performed by SiteTech Systems
Jan 11
Jan 12
January 2013 $96,000
Jan 13
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
Research performed by SiteTech Systems
Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
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
$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
Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
Jul-12
Aug-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
$50,000
16
Research performed by SiteTech Systems Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
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
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 January
Year to Date
87% 87%
87%
87%
86%
86% 2011
2012
2013
2011
2012
2013
Historical Activity
105 100
December 2005 98%
January 2013 87%
95
April & May 2009 81%
90 85 80 75 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
Research performed by SiteTech Systems
Jan 10
Jan 12
Jan 13
18
Closed Sales – Residential Lot January
Year to Date 63
68
63
37
68
37
2011
2012
2013
2011
2012
2013
Historical Activity 310 260
April 2006 266
210
January 2013 68
160 110
January 2009 11
60 10 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
Research performed by SiteTech Systems
Jan 11
Jan 12
Jan 13
19
Average Sales Price – Residential Lot January
Year to Date $86,756
$83,754 $64,587
2011
$86,756
$83,754
2012
$64,587
2011
2013
2012
2013
Historical Activity $300,000
July 2008 $275,614
$250,000 $200,000
October 2011 $35,780
$150,000
January 2013 $86,756
$100,000 $50,000 $0 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
Research performed by SiteTech Systems
Jan 11
Jan 12
Jan 13
20
Median Sales Price – Residential Lot January
Year to Date $50,000
$50,000 $32,000
$32,500
2012
2013
2011
$32,000
$32,500
2012
2013
2011
Historical Activity $150,000 $125,000
August 2006 $130,000
$100,000 $75,000
November 2011 $15,000
$50,000
January 2013 $32,500
$25,000 $0 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
Research performed by SiteTech Systems
Jan 11
Jan 12
Jan 13
21
Median Sales Price – Res. Lot (Non-Distressed) January
Year to Date $85,000
$85,000 $40,000
2011
2012
$49,880
$40,000
2013
2011
2012
$49,880
2013
Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
January 2011 $85,000 January 2013 $49,880
October 2011 $23,250
Research performed by SiteTech Systems
22
Sold to List Price Ratio – Residential Lot January
Year to Date 74%
74%
70%
70%
67% 67%
2011
2012
2013
2011
2012
2013
Historical Activity 110 100
April 2006 99% January 2013 74%
90 80 70 60
November 2011 47%
50 40 Jan 06
Jan 07
Jan 08
Jan 09
Jan 10
Research performed by SiteTech Systems
Jan 11
Jan 12
Jan 13
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot
# Listings
# Listings
Horry Co.
578
Horry Co.
553
Horry Co.
247
Georgetown Co.
63
Georgetown Co.
41
Georgetown Co.
91
Total
Total
641
594
Total
338
Average List Price
$195,844
Average List Price
$118,824
Average List Price
$62,169
Median List Price
$139,900
Median List Price
$89,900
Median List Price
$35,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
330
21
$150k - $250k
137
22
$250k - $500k
86
15
$500k - $1.0 MM
21
4
$1 MM +
4
1
Horry Co.
G’town Co.
Less than $100k
340
17
$100k - $150k
85
10
$150k - $200k
59
6
$200k - $400k
62
4
$400k -$750k
5
4
$750+
2
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
85
23
$25k - $50k
95
23
$50k - $75k
30
9
$75k-100k
13
16
$100k-175k
16
10
$175k -250K
2
7
$250K +
6
3
24
Distressed Sales SFR
Total
Jan
Mar
May
July
Sept
Nov
Jan
Condo
Jan
Mar
May
Jul
Sep
Nov
% Total Sales 37
32 33
28 28 29 29 29 29 23
Jan
Jan
Mar
May
Jul
Sep
Nov
Jan
Jan
Mar
Research performed by SiteTech Systems
May
Jul
Sep
25 25
Nov
27
Jan
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
January 2013
Quick Facts
The idea of doing data analysis is about as exciting to some as renewing a driver's license. Sometimes watching monthly figures can feel like watching grass grow. Try to ignore the confusion of high school statistics class – those regressions and cotangents can't hurt you anymore. The number crunching is done for you, so let the trend be your friend. And for the first time since 2006, the numbers are largely positive. Let's look at the cheat sheet. New Listings in the Coastal Carolinas region were up 9.8 percent for detached homes but decreased 4.1 percent for condos. Pending Sales increased 59.0 percent for single-family homes and 24.3 percent for condos. The Median Sales Price was down 3.1 percent to $155,000 for single-family properties but increased 4.8 percent to $98,000 for condo units. Months Supply of Inventory decreased 28.5 percent for single-family units and 31.9 percent for townhouse-condo units. It's important to watch the economy, since job growth directly fuels home purchases and since the housing industry generates jobs. The economy has added about 6.1 million jobs over the past 35 months, a sluggish but encouraging trend. Interest rates are slowly moving higher in some regions, though the affordability picture remains extremely attractive.
+ 11.0%
+ 10.3%
+ 11.9%
Change in Closed Sales All Properties
Change in Closed Sales Single-Family Only
Change in Closed Sales Condo Only
Single-Family Market Overview Condo Market Overview New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory
2 3 4 5 6 7 8 9 10 11 12 13
Click on desired metric to jump to that page.
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1
Single-Family Market Overview Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics
Historical Sparklines
New Listings 1-2010
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
839
+ 9.8%
339
539
+ 59.0%
339
539
+ 59.0%
273
301
+ 10.3%
273
301
+ 10.3%
183
160
- 12.7%
183
160
- 12.7%
$159,900
$155,000
- 3.1%
$159,900
$155,000
- 3.1%
$203,310
$197,758
- 2.7%
$203,310
$197,758
- 2.7%
95.5%
94.7%
- 0.8%
95.5%
94.7%
- 0.8%
148
163
+ 9.5%
148
163
+ 9.5%
4,307
3,816
- 11.4%
--
--
--
12.2
8.8
- 28.5%
--
--
--
1-2013
Months Supply of Homes for Sale 1-2010
764
1-2013
Inventory of Homes for Sale 1-2010
+ 9.8%
1-2013
Housing Affordability Index 1-2010
839
1-2013
Percent of List Price Received 1-2010
764
1-2013
Average Sales Price 1-2010
+/–
1-2013
Median Sales Price 1-2010
YTD 2012 YTD 2013
1-2013
Days on Market Until Sale 1-2010
+/–
1-2013
Closed Sales 1-2010
1-2013
1-2013
Pending Sales 1-2010
1-2012
1-2013
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 1-2010
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
1-2011
1-2012
675
- 4.1%
309
384
+ 24.3%
309
384
+ 24.3%
210
235
+ 11.9%
210
235
+ 11.9%
183
186
+ 1.9%
183
186
+ 1.9%
$93,500
$98,000
+ 4.8%
$93,500
$98,000
+ 4.8%
$123,343
$132,869
+ 7.7%
$123,343
$132,869
+ 7.7%
92.6%
93.8%
+ 1.3%
92.6%
93.8%
+ 1.3%
235
243
+ 8.6%
235
243
+ 8.6%
4,388
3,468
- 21.0%
--
--
--
14.8
10.1
- 31.9%
--
--
--
1-2013
Months Supply of Homes for Sale 1-2010
704
1-2013
Inventory of Homes for Sale 1-2010
- 4.1%
1-2013
Housing Affordability Index 1-2010
675
1-2013
Percent of List Price Received 1-2010
704
1-2013
Average Sales Price 1-2010
+/–
1-2013
Median Sales Price 1-2010
YTD 2012 YTD 2013
1-2013
Days on Market Until Sale 1-2010
+/–
1-2013
Closed Sales 1-2010
1-2013
1-2013
Pending Sales 1-2010
1-2012
1-2013
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.
January
Year to Date 839
766
839 766
764 704 649
2011
2012
2013
-0.3%
+9.8%
Single-Family
2011
764 704
675
2012
2013
+8.5%
-4.1%
649
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
703
- 8.5%
609
- 2.1%
March
803
- 11.0%
658
- 13.4%
Month
2012
2013
-0.3%
+9.8%
Single-Family
2011
675
2012
2013
+8.5%
-4.1%
April
743
+ 0.4%
617
- 15.8%
May
807
+ 17.5%
600
+ 8.3%
June
754
+ 2.6%
503
- 15.7%
July
689
+ 6.3%
521
- 5.6%
August
754
+ 6.2%
501
- 10.5%
September
684
+ 13.8%
458
- 9.1%
October
731
+ 15.3%
553
+ 2.0%
November
656
+ 8.4%
467
- 16.5%
December
501
+ 10.1%
337
- 23.9%
January
839
+ 9.8%
675
- 4.1%
8,664
+ 5.0%
6,609
- 9.1%
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
1-2013
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.
January
Year to Date 539
539
384 339
2011
384 339
309
295
2012
2013
+14.9%
+59.0%
Single-Family
2011
309
295
269
2012
2013
+14.9%
+24.3%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
410
+ 20.9%
337
+ 1.5%
March
471
+ 10.6%
396
- 0.3%
Month
269
2012
2013
+14.9%
+59.0%
Single-Family
2011
2012
2013
+14.9%
+24.3%
April
436
+ 12.7%
427
+ 13.6%
May
473
+ 23.2%
355
+ 12.3%
June
466
+ 28.0%
341
+ 22.7%
July
437
+ 10.9%
338
+ 25.2%
August
460
+ 29.2%
351
+ 6.4%
September
397
+ 16.1%
350
+ 33.6%
October
475
+ 43.1%
345
+ 33.2%
November
350
+ 16.7%
266
+ 13.2%
December
314
+ 22.2%
235
+ 22.4%
January
539
+ 59.0%
384
+ 24.3%
5,228
+ 23.9%
4,181
+ 16.1%
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
1-2013
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.
January
Year to Date 301
301
273
273
243 210
2011
243
235
2012
2013
+12.3%
+10.3%
Single-Family
2011
235
210
210
2012
2013
0.0%
+11.9%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
296
+ 17.5%
271
+ 13.4%
March
387
+ 6.9%
355
- 6.3%
Month
2012
2013
+12.3%
+10.3%
Single-Family
2011
210
2012
2013
0.0%
+11.9%
April
369
+ 0.8%
355
- 4.8%
May
429
+ 19.2%
405
+ 14.7%
June
455
+ 12.3%
393
+ 10.7%
July
453
+ 29.8%
311
+ 9.5%
August
468
+ 19.7%
356
+ 23.2%
September
402
+ 13.9%
291
- 2.3%
October
431
+ 25.7%
362
+ 36.6%
November
426
+ 26.4%
332
+ 38.9%
December
402
+ 24.5%
274
+ 5.8%
January
301
+ 10.3%
235
+ 11.9%
4,819
+ 17.1%
3,998
+ 11.6%
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
1-2013
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.
January
Year to Date
196
186
183
183
196
186
186
183
160
2011
2012
2013
-6.7%
-12.7%
Single-Family
183
186
160
2011
2012
2013
-1.9%
+1.9%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
185
+ 16.4%
184
+ 5.7%
March
177
- 3.6%
166
- 2.9%
April
175
- 3.7%
170
- 1.0%
May
182
+ 13.0%
170
- 9.3%
June
175
- 4.7%
183
- 0.2%
July
162
- 11.1%
170
- 8.3%
August
172
- 1.3%
171
- 2.8%
September
149
- 16.1%
167
- 15.0%
October
157
- 21.2%
182
- 6.8%
November
157
- 14.1%
187
+ 10.7%
December
173
- 2.0%
200
+ 21.0%
January
160
- 12.7%
186
+ 1.9%
Total
168
- 6.0%
177
- 1.3%
Month
2012
2013
-6.7%
-12.7%
Single-Family
2011
2012
2013
-1.9%
+1.9%
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
1-2013
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.
January $156,000
Year to Date
$159,900
$156,000
$155,000
$159,900
$155,000
$107,450
$107,450 $93,500
2011
2012
2013
+2.5%
-3.1%
2011
Single-Family
$98,000
2012
2013
-13.0%
+4.8%
$93,500
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
170,450
+ 3.3%
95,000
- 5.0%
March
160,000
- 10.1%
103,100
- 6.2%
April
158,000
+ 0.0%
115,500 + 15.5%
May
161,000
+ 0.6%
105,000
Month
2012
2013
+2.5%
-3.1%
Single-Family
2011
$98,000
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
July
165,713
+ 2.1%
95,000
- 13.6%
August
166,275
+ 2.2%
102,897
+ 3.0%
September
154,900
- 5.7%
102,000
- 6.2%
October
159,500
- 4.8%
103,000
- 1.9%
November
155,000
- 1.3%
104,250 + 13.3%
December
164,228
+ 1.2%
110,000
+ 2.3%
2012
2013
January
155,000
- 3.1%
98,000
+ 4.8%
-13.0%
+4.8%
Median
160,000
- 3.0%
105,000
- 2.3%
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
1-2013
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.
January
$193,351
Year to Date
$203,310
$197,758
$193,351
$143,550 $123,343
2011
2012
2013
+ 5.2%
- 2.7%
2011
Single-Family
$203,310
$197,758
$143,550
$132,869
2012
2013
- 14.1%
+ 7.7%
$123,343
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
205,136
- 1.9%
129,324
+ 3.0%
March
210,628
- 8.9%
130,396
- 9.3%
April
193,971
- 7.3%
143,335 + 10.5%
May
200,760
+ 2.2%
143,856
- 3.7%
Month
2012
2013
+ 5.2%
- 2.7%
Single-Family
2011
$132,869
June
215,293
- 4.4%
142,841
- 2.6%
July
205,412
+ 1.0%
135,288
- 6.9%
August
208,071
+ 6.3%
129,716
+ 5.1%
September
188,817
- 9.1%
128,713
- 6.5%
October
197,444
- 10.2%
133,098
- 13.7%
November
194,857
- 5.2%
133,776
+ 1.3%
December
204,608
- 7.5%
145,909
+ 9.8%
2012
2013
January
197,758
- 2.7%
132,869
+ 7.7%
- 14.1%
+ 7.7%
Average
185,711
- 4.9%
136,111
- 1.1%
Condo
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
1-2013
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.
January
94.0%
2011
Year to Date
95.5%
94.7%
2012
2013
+1.6%
-0.8%
Single-Family
94.3%
2011
92.6%
93.8%
2012
2013
-1.8%
+1.3%
94.0%
2011
Condo
95.5%
94.7%
2012
2013
+1.6%
-0.8%
Single-Family
94.3%
2011
92.6%
93.8%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
95.3%
+ 0.9%
93.3%
- 0.3%
March
94.5%
- 0.8%
93.0%
- 0.5%
April
95.1%
+ 1.3%
94.7%
+ 1.0%
May
95.2%
+ 1.4%
93.7%
- 0.1%
June
96.1%
+ 1.9%
93.9%
+ 0.6%
July
94.9%
+ 0.6%
94.2%
+ 2.5%
August
94.6%
+ 0.7%
93.9%
- 1.1%
September
94.8%
+ 0.1%
94.0%
+ 0.9%
October
95.7%
+ 1.5%
93.9%
+ 2.1%
November
95.6%
+ 1.5%
93.6%
- 0.1%
December
95.2%
+ 1.2%
94.1%
+ 1.0%
2012
2013
January
94.7%
- 0.8%
93.8%
+ 1.3%
-1.8%
+1.3%
Average
90.9%
+ 2.6%
88.6%
+ 1.6%
Condo
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
1-2013
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.
January
Year to Date
235
243
235
196
139
2011
148
148
139
2012
2013
+3.2%
+9.5%
Single-Family
2011
243
196
163
2012
2013
+3.5%
+8.6%
Condo
2011
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
144
+ 6.2%
237
+ 19.8%
March
151
+ 8.9%
223
+ 15.6%
Month
163
2012
2013
+3.2%
+9.5%
Single-Family
2011
April
152
+ 21.0%
204
+ 16.2%
May
150
+ 10.3%
220
- 1.0%
June
155
+ 8.7%
216
+ 13.0%
July
151
+ 20.0%
244
+ 14.5%
August
151
+ 8.7%
231
+ 22.8%
September
163
+ 7.8%
237
+ 7.1%
October
159
+ 16.4%
234
+ 16.2%
November
163
+ 13.8%
233
+ 10.8%
December
157
+ 10.9%
226
+ 0.2%
2012
2013
January
163
+ 9.5%
243
+ 8.6%
+3.5%
+8.6%
Average
155
+ 11.8%
229
+ 12.0%
Condo
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
1-2013
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.
January 4,752
4,674
4,388
4,307 3,816
3,468
2011
2012 -9.4% Single-Family
2011
2013
2012 -6.1% Condo
-11.4%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
4,306
- 10.8%
4,398
- 6.2%
March
4,293
- 12.7%
4,355
- 7.7%
April
4,294
- 11.9%
4,223
- 11.2%
May
4,279
- 11.0%
4,191
- 11.3%
June
4,266
- 11.3%
4,068
- 13.5%
July
4,192
- 11.0%
3,985
- 14.2%
August
4,198
- 10.1%
3,898
- 14.4%
September
4,173
- 8.4%
3,739
- 16.5%
October
4,050
- 10.6%
3,664
- 17.6%
November
4,045
- 10.2%
3,626
- 18.7%
December
3,852
- 9.2%
3,456
- 19.8%
2013
January
3,816
- 11.4%
3,468
- 21.0%
-21.0%
Average
3,040
- 12.6%
3,538
- 20.7%
Historical Inventory of Homes for Sale
Single-Family
Condo
6,500
5,500
4,500
3,500
2,500
+
1,500
500 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
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.
January
SingleFamily
YoY Chg.
Condo
YoY Chg.
February
12.0
- 19.1%
15
- 6.7%
March
11.9
- 20.9%
14.7
- 6.7%
Month
16.2 14.8
14.7 12.2
10.1 8.8
2011
2012 -16.7% Single-Family
2013
2011
-28.5%
2012 -8.4% Condo
April
11.8
- 22.8%
14.0
- 11.4%
May
11.5
- 21.9%
13.8
- 11.8%
June
11.2
- 23.2%
13.1
- 16.4%
July
10.9
- 22.2%
12.6
- 18.6%
August
10.7
- 22.5%
12.3
- 19.1%
September
10.5
- 20.8%
11.5
- 23.6%
October
9.9
- 24.8%
11.1
- 27.2%
November
9.8
- 24.9%
10.9
- 29.0%
December
9.2
- 24.5%
10.2
- 30.3%
2013
January
8.8
- 28.5%
10.1
- 31.9%
-31.9%
Average
7.9
- 29.9%
10.2
- 31.7%
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
1-2013
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
January 2013
Quick Facts
The first month of 2013 looks very similar to 2012, as most metrics continue to indicate market recovery. For the 12-month period spanning February 2012 through January 2013, Closed Sales in the Coastal Carolinas region were up 14.4 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 16.5 percent. The overall Median Sales Price was down 0.1 percent to $138,900. The property type with the smallest price decline was the Condo segment, where prices decreased 1.9 percent to $105,000. 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 207 days. Market-wide, inventory levels were down 16.2 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 11.4 percent. That amounts to 8.8 months supply for SingleFamily homes and 10.1 months supply for Condos.
+ 16.5%
+ 17.4%
+ 16.9%
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 1-2012
By Property Type
By Bedroom Count
1-2013
1-2012
1-2012
1-2013
4,727
4,240
4,433 4,057
1-2013
3,727
3,628
3,776
3,362
2,578 2,261 1,321
1,538
1,347 782
951
872 546
1,493
1,006
616
+ 16.5%
+ 16.4%
+ 11.5%
+ 12.8%
+ 5.8%
+ 14.0%
+ 17.4%
+ 10.8%
+ 16.9%
+ 10.9%
$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
Condos
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
$150,000 and Below
4,057
4,727
+ 16.5%
1,679
2,077
+ 23.7%
2,378
2,650
+ 11.4%
$150,001 to $200,000
1,321
1,538
+ 16.4%
843
997
+ 18.3%
478
541
+ 13.2%
$200,001 to $250,000
782
872
+ 11.5%
518
575
+ 11.0%
264
297
+ 12.5%
$250,001 to $300,000
546
616
+ 12.8%
379
426
+ 12.4%
167
190
+ 13.8%
$300,001 and Above
951
1,006
+ 5.8%
695
744
+ 7.1%
256
262
+ 2.3%
7,657
8,759
+ 14.4%
3,628
4,240
+ 16.9%
3,362
3,727
+ 10.9%
All Price Ranges
By Bedroom Count
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
2 Bedrooms or Less
2,261
2,578
+ 14.0%
250
324
+ 29.6%
2,011
2,254
+ 12.1%
3 Bedrooms
3,776
4,433
+ 17.4%
2,638
3,129
+ 18.6%
1,138
1,304
+ 14.6%
4 Bedrooms or More
1,347
1,493
+ 10.8%
1,226
1,365
+ 11.3%
121
128
+ 5.8%
All Bedroom Counts
7,657
8,759
+ 14.4%
3,628
4,240
+ 16.9%
3,362
3,727
+ 10.9%
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 | 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 1-2012
1-2012
217 186 169
161
By Property Type
By Bedroom Count
1-2013
173
175
188
192
192
1-2012
1-2013
180
179
198
207
1-2013
177 185 177
175 171
168
170
- 4.8%
- 7.3%
+ 7.7%
- 0.2%
- 4.4%
- 3.3%
- 2.8%
- 6.4%
- 6.0%
- 1.4%
$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
1-2012
1-2013
Change
1-2012
1-2013
$150,000 and Below
169
161
- 4.8%
169
$150,001 to $200,000
186
173
- 7.3%
174
$200,001 to $250,000
175
188
+ 7.7%
$250,001 to $300,000
192
192
- 0.2%
$300,001 and Above
217
207
All Price Ranges
179
By Bedroom Count
Condos
Change
1-2012
1-2013
Change
157
- 7.2%
170
165
- 2.9%
156
- 10.4%
208
204
- 1.9%
171
183
+ 7.1%
182
198
+ 8.8%
181
187
+ 3.3%
220
204
- 6.9%
- 4.4%
220
201
- 8.8%
207
227
+ 10.1%
172
- 3.9%
179
168
- 6.0%
180
177
- 1.4%
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
2 Bedrooms or Less
177
171
- 3.3%
174
163
- 6.1%
177
172
- 2.9%
3 Bedrooms
175
170
- 2.8%
172
163
- 5.4%
180
186
+ 3.2%
4 Bedrooms or More
198
185
- 6.4%
195
182
- 6.6%
228
220
- 3.7%
All Bedroom Counts
179
172
- 3.9%
179
168
- 6.0%
180
177
- 1.4%
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 | 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 1-2012
By Property Type 1-2012
1-2013
1-2013 $165,000
$255,000
$250,000
$139,000
$160,000
$138,900 $107,000
$150,000 $92,000
$105,000
$149,900
$90,000
- 2.2%
- 0.1%
- 2.0%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 0.1%
All Properties
- 3.0%
All Properties
Single-Family Homes
Single-Family Homes
- 1.9% Condos
Condos
By Bedroom Count
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
2 Bedrooms or Less
$92,000
$90,000
- 2.2%
$94,850
$95,000
+ 0.2%
$91,000
$89,900
- 1.2%
3 Bedrooms
$150,000
$149,900
- 0.1%
$148,900
$147,900
- 0.7%
$155,000
$155,900
+ 0.6%
4 Bedrooms or More
$255,000
$250,000
- 2.0%
$250,250
$246,990
- 1.3%
$280,000
$291,750
+ 4.2%
All Bedroom Counts
$139,000
$138,900
- 0.1%
$165,000
$160,000
- 3.0%
$107,000
$105,000
- 1.9%
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 | 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 1-2012
By Property Type
By Bedroom Count
1-2013
1-2012
1-2012
1-2013 95.2%
95.8%
95.8%
94.8%
95.2%
94.9% 94.6%
95.5% 95.1%
1-2013
94.4%
95.0% 94.6%
93.6%
93.8%
93.3%
93.9% 93.4%
93.3%
93.3%
93.0%
+ 0.6%
+ 0.7%
+ 0.7%
+ 0.8%
+ 1.3%
+ 0.3%
+ 0.6%
+ 1.4%
+ 0.8%
+ 0.5%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties
Single-Family Homes
Condos
By Price Range
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
$150,000 and Below
93.3%
93.9%
+ 0.6%
93.5%
94.3%
+ 0.9%
93.2%
93.5%
+ 0.3%
$150,001 to $200,000
95.1%
95.8%
+ 0.7%
95.9%
96.5%
+ 0.6%
93.8%
94.7%
+ 1.0%
$200,001 to $250,000
94.8%
95.5%
+ 0.7%
95.5%
96.2%
+ 0.7%
93.3%
94.2%
+ 1.0%
$250,001 to $300,000
95.0%
95.8%
+ 0.8%
96.0%
96.3%
+ 0.3%
92.5%
94.6%
+ 2.3%
$300,001 and Above
93.4%
94.6%
+ 1.3%
93.2%
94.5%
+ 1.4%
94.0%
94.8%
+ 0.9%
All Price Ranges
93.9%
94.6%
+ 0.7%
94.4%
95.2%
+ 0.8%
93.3%
93.8%
+ 0.5%
By Bedroom Count
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
2 Bedrooms or Less
93.0%
93.3%
+ 0.3%
91.2%
92.3%
+ 1.2%
93.2%
93.4%
+ 0.2%
3 Bedrooms
94.6%
95.2%
+ 0.6%
95.0%
95.6%
+ 0.6%
93.7%
94.5%
+ 0.9%
4 Bedrooms or More
93.6%
94.9%
+ 1.4%
93.6%
94.9%
+ 1.4%
93.5%
94.9%
+ 1.5%
All Bedroom Counts
93.9%
94.6%
+ 0.7%
94.4%
95.2%
+ 0.8%
93.3%
93.8%
+ 0.5%
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 1-2012
By Property Type
By Bedroom Count
1-2013
1-2012
1-2012
1-2013
1-2013
3,748
4,388
4,307
3,860
3,816
2,988
3,165
3,468
2,769 1,999 1,741 1,381
2,250 1,814
1,213 909
796
658
1,642
546
- 20.3%
- 12.2%
- 12.4%
- 17.0%
- 12.9%
- 18.7%
- 18.0%
- 9.5%
- 11.4%
- 21.0%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
$150,000 and Below
3,748
2,988
- 20.3%
1,304
1,046
- 19.8%
2,444
1,942
- 20.5%
$150,001 to $200,000
1,381
1,213
- 12.2%
739
680
- 8.0%
642
533
- 17.0%
$200,001 to $250,000
909
796
- 12.4%
561
525
- 6.4%
348
271
- 22.1%
$250,001 to $300,000
658
546
- 17.0%
383
354
- 7.6%
275
192
- 30.2%
$300,001 and Above
1,999
1,741
- 12.9%
1,320
1,211
- 8.3%
679
530
- 21.9%
All Price Ranges
8,695
7,284
- 16.2%
4,307
3,816
- 11.4%
4,388
3,468
- 21.0%
By Bedroom Count
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
2 Bedrooms or Less
2,769
2,250
- 18.7%
280
245
- 12.5%
2,489
2,005
- 19.4%
3 Bedrooms
3,860
3,165
- 18.0%
2,447
2,124
- 13.2%
1,413
1,041
- 26.3%
4 Bedrooms or More
1,814
1,642
- 9.5%
1,580
1,446
- 8.5%
234
196
- 16.2%
All Bedroom Counts
8,695
7,284
- 16.2%
4,307
3,816
- 11.4%
4,388
3,468
- 21.0%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 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 1-2012
By Property Type
By Bedroom Count
1-2013
1-2012
1-2013
1-2012
14.8
15.8
24.9
14.6
12.2 12.0
19.1
12.0
10.1
10.1 11.0
8.8
7.2
13.9
13.7
12.3
9.8
1-2013
8.8 7.9
10.2
- 34.5%
- 28.2%
- 28.4%
- 26.6%
- 23.5%
- 30.6%
- 34.3%
- 23.8%
- 28.5%
- 31.9%
$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
1-2012
1-2013
Change
$150,000 and Below
11.0
7.2
$150,001 to $200,000
12.3
8.8
$200,001 to $250,000
13.7
$250,001 to $300,000
13.9
$300,001 and Above
24.9
All Price Ranges
By Bedroom Count
Condos
1-2012
1-2013
Change
1-2012
1-2013
Change
- 34.5%
9.1
5.7
- 38.1%
- 28.2%
10.3
7.6
- 25.6%
12.3
8.4
- 31.6%
15.9
11.0
- 30.9%
9.8
- 28.4%
12.6
9.3
10.2
- 26.6%
11.6
9.5
- 26.1%
15.9
10.9
- 31.5%
- 18.3%
19.3
11.9
19.1
- 23.5%
22.2
- 38.1%
17.8
- 19.9%
32.6
22.8
- 30.1%
13.4
9.3
- 30.4%
12.2
8.8
- 28.5%
14.8
10.1
- 31.9%
1-2012
1-2013
Change
1-2012
1-2013
Change
1-2012
1-2013
Change
2 Bedrooms or Less
14.6
10.1
- 30.6%
13.2
9.1
- 31.1%
14.8
10.3
- 30.5%
3 Bedrooms
12.0
7.9
- 34.3%
10.8
7.5
- 30.7%
15.0
8.9
- 40.3%
4 Bedrooms or More
15.8
12.0
- 23.8%
15.1
11.5
- 23.8%
22.1
17.7
- 20.0%
All Bedroom Counts
13.4
9.3
- 30.4%
12.2
8.8
- 28.5%
14.8
10.1
- 31.9%
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