Grand Strand Market Report June 2012 June represented another solid month of real estate sales activity and some improving performance indicators. As anticipated, Single Family Residential (SFR) inventory declined in June to 4,724 homes, a 6.3% decline from prior year levels. It is anticipated that the inventory will continue to decline throughout the year. Distressed SFR inventory fell for the third consecutive month. Although SFR sales were flat to prior month and prior year levels, Year-to-Date (YTD) sales are up 8.7% as compared to 2011 levels. Offsetting solid sales activity, the median sales price fell to $164,000 in June. Year to date, SFR median sales price is down 3.1% versus 2011. This decline is anticipated as it is forecasted that 2012 median sales price will be down 3 – 5%. Condo inventory continues to decline as June was the third consecutive month of declining inventory. As compared to prior year levels, inventory is down 11% and almost at a 24 month low (since tracking began). Additionally, distressed condo inventory fell for the third straight month and the lowest level since tracking began (over 24 months). Similar to 2011, June condo sales fell from May to 352 units which is flat to June, 2011. Year to date, condo sales are up 2.2% from 2011 while the median sales price is $106,000, a 3.6% decline from 2011. Residential lot sales continue to outpace 2011 levels as they are up 62%. This increase in sales activity is at the expense of sales price with an YTD median sales price of $30,000 which is a decline of 19.4% as compared to 2011.
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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.
3,878
Georgetown Co. Total
4,132
Georgetown Co.
846
Residential Lot Horry Co.
422 Total
4,724
# Listings 1,902
Georgetown Co.
737 Total
4,554
2,639
Average List Price
$341,150
Average List Price
$188,516
Average List Price
$131,455
Median List Price
$224,900
Median List Price
$133,250
Median List Price
$63,500
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,111
94
$150k - $250k
1,375
149
$250k - $500k
1,001
321
$500k - $1.0 MM $1 MM +
298 93
Horry Co.
G’town Co.
Less than $100k
1,439
61
$100k - $150k
1,029
82
$150k - $200k
598
73
$200k - $400k
773
109
181 101
$400k -$750k
243
67
$750+
50
30
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
349
52
$25k - $50k
629
88
$50k - $75k
277
75
$75k-100k
200
95
$100k-175k
212
151
$175k -250k
102
119
$250k+
133
157
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,600 5,400
# of Listings
5,200 5,000
June 2011 5,042
4,800
June 2012 4,724
4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900
June 2011 875
850
June 2012 800
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
June 2011 5,119 June 2012 4,554
Grand Strand Distressed Condo Listings 1000
900
June 2011 864
850
June 2012 771
800 750 700 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
# of Distressed
950
Research performed by SiteTech Systems
4
Closed Sales - SFR Year to Date
June
1,990
414
374
2010
2011
383
1,817
1,830
2012
2010
2011
2012
Historical Activity 600 550 500 450 400 350 300 250 200 150 100 Jan 05
June 2012 383
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 Jun 12
5
Average Sales Price - SFR Year to Date
June $238,846
$229,461
$232,630
$227,591
$227,568
$218,240
2010
2011
2012
2010
2011
2012
Historical Activity $375,000 $345,000 $315,000 $285,000 June 2012 $232,630
$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 Jun 12
6
Median Sales Price - SFR Year to Date
June
$180,000
$185,250 $174,435
$174,847
$164,000
2010
2011
$169,410
2012
2010
2011
2012
Historical Activity $250,000 $240,000 $230,000 $220,000
$210,000 $200,000
$190,000
June 2012 $164,000
$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 Jun 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
Jun-12
Apr-12
May-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
Jul-10
Aug-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
$100,000
8
Median Sales Price – SFR Cash & Conventional Transactions $225,000
$215,000
$205,000
$195,000
$185,000 Cash
$175,000
Conventional Combined
$165,000
$155,000
$145,000
$135,000
$125,000 Feb-10
May-10
Aug-10
Nov-10
Feb-11
May-11
Aug-11
Nov-11
Research performed by SiteTech Systems
Feb-12
May 12
9
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Oct 11-Nov Dec-11 12-Jan 12-Feb 12-Mar Apr-12 May-12 Jun-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 June
Year to Date 91%
88%
90%
71%
89% 88%
2010
2011
2010
2012
2011
2012
Historical Activity 99 97 95 June 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 Jun 12
11
Closed Sales - Condo June
Year to Date
355
1,937
1,896
352
1,767 332
2010
2011
2012
2010
2011
2012
Historical Activity 1050 850 June 2012 352
650 450 250
50 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12 Jun 12
12
Average Sales Price - Condo June
Year to Date $148,651
$149,645 $146,779
$146,188
$140,798
$136,878
2010
2011
2010
2012
2011
2012
Historical Activity $400,000 $350,000
$300,000 $250,000 June 2012 $146,779
$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 Jun 12
13
Median Sales Price - Condo June
Year to Date $121,990 $125,000 $120,000
$109,950
$106,000
$110,000
2010
2011
2010
2012
2011
2012
Historical Activity $275,000 $225,000
$175,000 June 2012 $110,000
$125,000
$75,000 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
Jun
14
Median Sales Price – Condo Distressed & Non-Distressed $140,000
$130,000
$120,000
$110,000
Non-Distressed
$100,000
Distressed Combined
$90,000
$80,000
$70,000
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
$60,000
Research performed by SiteTech Systems
15
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12
Median Sales Price – Condo Cash & Conventional Transactions $170,000
$150,000
$130,000
$110,000 Cash
Conventional
Combined
$90,000
$70,000
$50,000
Research performed by SiteTech Systems 16
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Sep 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12
Condo Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
40.0% % Cash
30.0% % Conventional
20.0%
10.0%
0.0%
Research performed by SiteTech Systems 17
Sold to List Price Ratio - Condo June
Year to Date 88% 88%
86%
86%
85%
2010
85%
2011
2012
2010
2011
2012
Historical Activity 105 100 95
June 2012 88 %
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 Jun 12
18
Closed Sales – Residential Lot June
Year to Date 90
541
70
65
333
302
2010
2011
2010
2012
2011
2012
Historical Activity 310
260 210
June 2012 90
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 Jun 12
19
Average Sales Price – Residential Lot June
Year to Date
$89,547
$81,150 $65,265
$73,235
$63,540
$54,651
2010
2011
2010
2012
2011
2012
Historical Activity $300,000 $250,000
$200,000 June 2012 $65,265
$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 Jun 12
20
Median Sales Price – Residential Lot June
Year to Date $44,900
$44,000
$37,200
$32,400
$30,000 $20,000
2010
2011
2012
2010
2011
2012
Historical Activity $150,000 $125,000
$100,000 $75,000 June 2012 $20,000
$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 Jun 12
21
Median Sales Price – Res. Lot (Non-Distressed) June
Year to Date $55,000
$45,500
$52,500
$38,000
$34,500
$50,000
2010
2011
2012
2010
2011
2012
Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
June 2012 $38,000
Jan 10
Apr 10
Jul 10
Oct 10
Jan 11
Apr 11
Jul 11
Research performed by SiteTech Systems
Oct 10
Jan 12
Jun 12
22
Sold to List Price Ratio – Residential Lot May
Year to Date 76%
75%
76% 73% 65%
2010
2011
68%
2012
2010
2011
2012
Historical Activity 110 100
90 June 2012 65%
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 Jun 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
718
Horry Co.
733
Horry Co.
310
Georgetown Co.
82
Georgetown Co.
38
Georgetown Co.
79
Total
Total
800
Total
771
Average List Price
$195,612
Average List Price
$119,348
Median List Price
$139,900
Median List Price
$89,900
389
Average List Price
$73,016
Median List Price
$34,900
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
421
35
$150k - $250k
175
18
$250k - $500k
93
17
$500k - $1.0 MM
27
10
$1 MM +
2
2
Horry Co.
G’town Co.
Less than $100k
442
18
$100k - $150k
120
9
$150k - $200k
75
2
$200k - $400k
84
2
$400k -$750k
12
7
-
-
$750+
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
124
9
$25k - $50k
96
15
$50k - $75k
35
10
$75k-100k
19
16
$100k-175k
18
13
$175k -250K
9
11
$250K +
9
5
24
Distressed Sales SFR
Total
June
August
Oct
Dec
Feb
Apr
June
Condo
June
August
Dec
Feb
Apr
June
% Total Sales 29 30 29 28
June
Oct
August
Oct
Dec
Feb
Apr
June
June
August
Research performed by SiteTech Systems
32 33
Oct
37 30
Dec
32 33
Feb
28 28 29
Apr
June
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
June 2012
Quick Facts
We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been selfpowered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, a few indicators showed improvement. Let's see what the rest of our local data has to say. New Listings in the Coastal Carolinas region were down 1.8 percent for detached homes and 17.8 percent for condos. Pending Sales increased 44.4 percent for singlefamily homes and 34.9 percent for condos. The Median Sales Price was down 11.2 percent to $158,000 for single-family properties and 6.4 percent to $110,000 for condo units. Months Supply of Inventory decreased 28.0 percent for single-family units and 22.0 percent for townhousecondo units. We seem to be at a critical inflection point in our attempts to spur more hiring. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There's also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013.
+ 3.8%
+ 4.7%
+ 2.8%
Change in Closed Sales All Properties
Change in Closed Sales Single-Family Only
Change in Closed Sales Condo Only
Single-Family Market Overview Condo Market Overview New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory
2 3 4 5 6 7 8 9 10 11 12 13
Click on desired metric to jump to that page.
All data comes from the Coastal Carolinas Association of REALTORS® 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 6-2009
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
4,516
- 1.9%
363
524
+ 44.4%
2,197
2,673
+ 21.7%
405
424
+ 4.7%
1,989
2,162
+ 8.7%
184
174
- 5.2%
178
179
+ 0.9%
$178,000
$158,000
- 11.2%
$165,250
$160,000
- 3.2%
$225,291
$218,661
- 2.9%
$212,291
$206,033
- 2.9%
94.4%
96.0%
+ 1.8%
94.3%
95.3%
+ 1.0%
129
155
+ 8.4%
129
155
+ 8.4%
4,808
4,049
- 15.8%
--
--
--
14.5
10.5
- 28.0%
--
--
--
6-2012
Months Supply of Homes for Sale 6-2009
4,603
6-2012
Inventory of Homes for Sale 6-2009
- 1.8%
6-2012
Housing Affordability Index 6-2009
722
6-2012
Percent of List Price Received 6-2009
735
6-2012
Average Sales Price 6-2009
+/–
6-2012
Median Sales Price 6-2009
YTD 2011 YTD 2012
6-2012
Days on Market Until Sale 6-2009
+/–
6-2012
Closed Sales 6-2009
6-2012
6-2012
Pending Sales 6-2009
6-2011
6-2012
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 6-2009
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
6-2010
6-2011
3,660
- 6.5%
281
379
+ 34.9%
1,974
2,267
+ 14.8%
355
365
+ 2.8%
1,908
1,949
+ 2.1%
183
188
+ 2.5%
179
176
- 1.3%
$117,500
$110,000
- 6.4%
$107,500
$105,000
- 2.3%
$146,627
$145,985
- 0.4%
$140,319
$137,652
- 1.9%
93.3%
93.8%
+ 0.5%
93.7%
93.6%
- 0.1%
189
216
+ 13.0%
189
216
+ 13.0%
4,691
3,885
- 17.2%
--
--
--
15.7
12.2
- 22.0%
--
--
--
6-2012
Months Supply of Homes for Sale 6-2009
3,916
6-2012
Inventory of Homes for Sale 6-2009
- 17.8%
6-2012
Housing Affordability Index 6-2009
491
6-2012
Percent of List Price Received 6-2009
597
6-2012
Average Sales Price 6-2009
+/–
6-2012
Median Sales Price 6-2009
YTD 2011 YTD 2012
6-2012
Days on Market Until Sale 6-2009
+/–
6-2012
Closed Sales 6-2009
6-2012
6-2012
Pending Sales 6-2009
6-2011
6-2012
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.
June
Year to Date
796
5,243 735
722
4,603
663
4,516
4,518
597
3,916
3,660
491
2010
2011
2012
-7.7%
-1.8%
Single-Family
2010
2011
2012
-10.0%
-17.8%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
648
- 18.6%
553
- 5.8%
August
715
- 5.3%
562
- 14.6%
September
607
- 14.1%
507
- 14.2%
October
636
- 4.9%
545
- 2.3%
November
603
- 2.0%
552
+ 5.3%
December
454
- 8.3%
444
+ 3.0%
January
759
- 1.0%
690
+ 6.2%
February
700
- 9.1%
609
- 2.2%
March
803
- 11.0%
663
- 12.6%
April
735
- 0.7%
609
- 16.9%
Month
2011
2012
-12.2%
-1.9%
Single-Family
2010
May
797
+ 15.7%
598
+ 7.9%
2011
2012
June
722
- 1.8%
491
- 17.8%
-13.3%
-6.5%
Total
8,179
- 5.3%
6,956
- 6.1%
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.
June
Year to Date 2,673
524
2,113
2,267
2,197
379
363 327
1,867
1,974
318 281
2010
2011
2012
+11.0%
+44.4%
Single-Family
2010
2011
2012
-11.6%
+34.9%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
392
+ 23.3%
271
- 0.4%
August
358
+ 10.2%
330
+ 1.9%
September
345
+ 22.3%
263
- 10.2%
October
328
+ 0.6%
262
- 15.5%
Month
2011
2012
+4.0%
+21.7%
Single-Family
2010
November
292
+ 4.7%
233
- 4.9%
December
252
+ 5.4%
189
+ 6.8%
January
335
+ 13.9%
313
+ 15.5%
February
400
+ 16.6%
341
+ 2.7%
March
470
+ 10.3%
406
+ 2.3%
April
441
+ 14.2%
445
+ 18.4%
May
503
+ 30.6%
383
+ 20.8%
2011
2012
June
524
+ 44.4%
379
+ 34.9%
+5.7%
+14.8%
Total
4,640
+ 17.0%
3,868
+ 6.4%
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.
June
Year to Date
458 405
2,162
424 1,985 333
2010
2011
2012
-11.6%
+4.7%
Single-Family
2010
1,989
1,908
365
355
2011
2012
+6.6%
+2.8%
Condo
1,949
1,770
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
349
+ 10.8%
284
0.0%
August
390
+ 18.2%
288
- 8.6%
Month
2011
2012
+0.2%
+8.7%
Single-Family
2010
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%
259
- 11.3%
January
273
+ 12.3%
211
+ 0.5%
February
295
+ 17.1%
270
+ 13.0%
March
383
+ 5.5%
353
- 6.9%
April
363
- 0.8%
351
- 5.6%
May
424
+ 17.8%
399
+ 13.0%
2011
2012
June
424
+ 4.7%
365
+ 2.8%
+7.8%
+2.1%
Total
4,254
+ 11.1%
3,626
- 1.1%
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.
June
Year to Date 184 174
179
188
183
171
161
2010
2011
2012
+13.9%
-5.2%
Single-Family
2010
2011
2012
+2.2%
+2.5%
2010
Condo
178
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
182
+ 7.8%
185
+ 8.9%
August
174
+ 8.8%
176
+ 1.5%
Month 179 170
2011
2012
+4.2%
+0.9%
Single-Family
2010
179
176
September
178
+ 3.1%
196
+ 13.8%
October
200
+ 10.0%
195
+ 8.2%
November
183
+ 7.1%
169
- 7.7%
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 1.9%
February
185
+ 16.7%
184
+ 5.0%
March
177
- 4.2%
167
- 2.5%
April
176
- 3.0%
170
- 0.6%
May
183
+ 13.5%
171
- 8.8%
2011
2012
June
174
- 5.2%
188
+ 2.5%
+5.3%
-1.3%
Total
181
+ 3.4%
179
+ 0.2%
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.
June
Year to Date $170,000 $178,000
$164,350
$165,250
$160,000
$158,000 $120,000 $123,500
2010
2011
2012
+8.3%
-11.2%
2010
Single-Family
$117,500
$107,500 $105,000
$110,000
2011
2012
-4.9%
-6.4%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
162,250
- 13.1%
110,000
- 4.3%
August
163,000
- 16.4%
99,950
- 13.1%
Month
2011
2012
2010
-2.8%
-3.2%
Single-Family
2011
2012
-10.4%
-2.3%
Condo
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%
107,500
- 2.3%
January
159,900
+ 2.5%
91,750
- 14.6%
February
170,400
+ 3.3%
95,000
- 5.0%
March
160,000
- 10.6%
104,000
- 5.4%
April
159,000
+ 0.7%
115,000 + 15.0%
May
161,500
+ 0.9%
105,000
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
Median
162,000
- 5.8%
108,000
- 5.3%
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.
June
Year to Date $225,291
$211,617
$218,661
$215,624 $212,291
$206,033
$149,184
$148,224 $146,627 $145,985
2010
2011
2012
+ 6.5%
- 2.9%
2010
Single-Family
2011
2012
- 1.1%
- 0.4%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
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%
Month
2011
2012
2010
- 1.5%
- 2.9%
Single-Family
$140,319 $137,652
2011
2012
- 5.9%
- 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%
123,018
- 14.3%
February
205,042
- 1.9%
129,473
+ 3.1%
March
210,571
- 9.0%
130,685
- 9.1%
April
194,523
- 7.0%
143,473 + 10.4%
May
201,592
+ 2.6%
144,258
- 3.5%
June
218,661
- 2.9%
145,985
- 0.4%
Average
190,753
- 3.6%
137,500
- 4.6%
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.
June
94.7%
2010
Year to Date
94.4%
96.0%
2011
2012
-0.4%
+1.8%
Single-Family
93.5%
2010
93.8%
93.3%
2011
2012
-0.2%
+0.5%
Condo
94.6%
2010
94.3%
95.3%
2011
2012
-0.3%
+1.0%
Single-Family
94.0%
2010
93.7%
93.6%
2011
2012
-0.4%
-0.1%
Condo
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
94.3%
- 0.6%
91.9%
- 2.6%
August
94.0%
- 0.6%
94.9%
+ 1.5%
September
94.7%
+ 0.1%
93.2%
+ 0.4%
October
94.2%
- 0.8%
92.0%
- 1.5%
November
94.2%
+ 0.3%
93.7%
+ 1.1%
December
94.1%
- 0.2%
93.2%
- 0.5%
January
95.5%
+ 1.6%
92.6%
- 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
95.2%
+ 1.4%
93.7%
- 0.1%
June
96.0%
+ 1.8%
93.8%
+ 0.5%
Average
89.6%
+ 1.3%
87.8%
+ 1.0%
Historical Percent of List Price Received
Single-Family
Condo
100%
98%
96%
94%
92%
90% 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
June
Year to Date 216 181
216
189
181
155 138
2010
129
2011
2012
+2.8%
+8.4%
Single-Family
189
155 138
2010
2011
2012
+7.1%
+13.0%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
139
- 6.2%
198
+ 4.0%
August
140
+ 13.6%
215
+ 4.6%
September
140
+ 15.6%
204
+ 10.7%
October
140
+ 2.0%
211
+ 3.4%
Month
129
2011
2012
+2.8%
+8.4%
Single-Family
2010
2011
2012
+7.1%
+13.0%
Condo
Historical Housing Affordability Index
November
147
+ 9.8%
233
+ 10.0%
December
144
+ 12.3%
208
+ 18.2%
January
148
+ 3.2%
238
+ 3.5%
February
144
+ 6.2%
237
+ 21.4%
March
151
+ 8.9%
222
+ 15.6%
April
151
+ 21.5%
205
+ 15.4%
May
150
+ 9.7%
220
- 0.7%
June
155
+ 8.4%
216
+ 13.0%
Average
146
+ 8.7%
217
+ 9.9%
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.
June 5,445
5,296 4,808
4,691 4,049
2010
2011 -9.2% Single-Family
3,885
2010
2012
2011 -13.8% Condo
-15.8%
2012 -17.2%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
4,710
- 11.0%
4,632
- 14.3%
August
4,669
- 10.7%
4,542
- 14.4%
September
4,560
- 11.4%
4,467
- 13.4%
October
4,535
- 10.3%
4,426
- 11.1%
November
4,507
- 9.8%
4,438
- 9.6%
December
4,241
- 10.4%
4,284
- 9.0%
January
4,297
- 9.6%
4,345
- 7.0%
February
4,290
- 11.1%
4,352
- 7.1%
March
4,257
- 13.4%
4,298
- 8.8%
April
4,249
- 12.8%
4,138
- 12.9%
May
4,177
- 13.2%
4,072
- 13.7%
June
4,049
- 15.8%
3,885
- 17.2%
Average
3,252
- 16.4%
3,971
- 16.7%
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
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.
June
SingleFamily
YoY Chg.
Condo
YoY Chg.
July
14.0
- 12.6%
15
- 18.4%
August
13.8
- 13.6%
15.1
- 17.9%
Month
18.9 16.1
15.7
14.5
12.2 10.5
2010
2011 -9.4% Single-Family
2012
2010
-28.0%
2011
2012
-17.3% Condo
-22.0%
Historical Months Supply of Inventory
September
13.2
- 16.8%
15.0
- 16.5%
October
13.2
- 16.1%
15.1
- 12.7%
November
13.0
- 15.5%
15.2
- 9.9%
December
12.2
- 16.5%
14.6
- 9.9%
January
12.3
- 16.6%
14.6
- 9.5%
February
12.1
- 18.7%
14.6
- 7.9%
March
11.9
- 20.9%
14.4
- 8.3%
April
11.7
- 23.1%
13.6
- 14.0%
May
11.2
- 23.8%
13.1
- 15.6%
June
10.5
- 28.0%
12.2
- 22.0%
Average
9.6
- 28.0%
12.3
- 21.8%
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
June 2012
Quick Facts
After a few head fakes, even cynical commentators agree that residential real estate may finally be clawing out from a multi-year valley. For the 12month period spanning July 2011 through June 2012, Closed Sales in the C lC li i were up 5.1 1 1 percent overall. ll The Th price i range with ih Coastal Carolinas region the largest gain in sales was the $150,000 and Below range, where they increased 12.2 percent. The overall Median Sales Price was down 5.1 percent to $137,625. The property type with the smallest price decline was the Condo segment, where prices decreased 5.7 percent to $107,000. The price range that tended to sell the quickest was the $150,000 and Below range at 168 days; the price range that tended to sell the slowest was the $300,001 and Above range at 210 days. Market-wide, inventory levels were down 16.5 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.8 percent. That amounts to 10.5 months supply for SingleFamily homes and 12.2 months supply for Condos.
+ 12.2%
+ 8.4%
+ 10.7%
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 6-2011
By Bedroom Count
6-2012
6-2011
By Property Type 6-2011
6-2012
4,221 3,763
3,687
2,252
6-2012 3,735
3,846
2,345
3,440 3,380
3,373 1,309
1,334 819
796
1,017 547
1,268
1,374
912
573
+ 12.2%
+ 1.9%
- 2.8%
+ 4.8%
- 10.3%
+ 4.1%
+ 4.3%
+ 8.4%
+ 10.7%
- 1.7%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2011
Single-Family Homes
Condos
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
$150,000 and Below
3,763
4,221
+ 12.2%
1,420
1,801
+ 26.8%
2,343
2,420
+ 3.3%
$150,001 to $200,000
1,309
1,334
+ 1.9%
813
858
+ 5.5%
496
476
- 4.0%
$200,001 to $250,000
819
796
- 2.8%
542
535
- 1.3%
277
261
- 5.8%
$250,001 to $300,000
547
573
+ 4.8%
355
394
+ 11.0%
192
179
- 6.8%
$300,001 and Above
1,017
912
- 10.3%
699
666
- 4.7%
318
246
- 22.6%
All Price Ranges
7,455
7,836
+ 5.1%
3,373
3,735
+ 10.7%
3,440
3,380
- 1.7%
By Bedroom Count
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
2 Bedrooms or Less
2,252
2,345
+ 4.1%
231
279
+ 20.8%
2,021
2,066
+ 2.2%
3 Bedrooms
3,687
3,846
+ 4.3%
2,458
2,734
+ 11.2%
1,229
1,112
- 9.5%
4 Bedrooms or More
1,268
1,374
+ 8.4%
1,139
1,241
+ 9.0%
129
133
+ 3.1%
All Bedroom Counts
7,455
7,836
+ 5.1%
3,373
3,735
+ 10.7%
3,440
3,380
- 1.7%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 2
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
By Price Range 6-2011
166
By Bedroom Count
6-2012
168
6-2011
180
188
174
188
200
214
By Property Type 6-2011
6-2012 196
196
6-2012 181
210
181
179 178 176
177
176 171
175
+ 1.2%
+ 4.9%
+ 7.7%
+ 10.3%
- 2.1%
- 0.0%
+ 3.5%
+ 0.1%
+ 3.4%
+ 0.5%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2011
6-2012
Single-Family Homes
Condos
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
$150,000 and Below
166
168
+ 1.2%
161
171
+ 6.4%
170
166
- 2.2%
$150,001 to $200,000
180
188
+ 4.9%
170
175
+ 2.7%
195
214
+ 9.9%
$200,001 to $250,000
174
188
+ 7.7%
166
185
+ 11.2%
190
193
+ 1.8%
$250,001 to $300,000
181
200
+ 10.3%
172
197
+ 14.6%
200
207
+ 3.4%
$300,001 and Above
214
210
- 2.1%
223
207
- 7.3%
193
220
+ 13.7%
All Price Ranges
176
180
+ 2.0%
175
181
+ 3.4%
178
179
+ 0.5%
By Bedroom Count
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
2 Bedrooms or Less
176
176
- 0.0%
165
184
+ 11.5%
177
175
- 1.4%
3 Bedrooms
171
177
+ 3.5%
167
174
+ 4.5%
179
183
+ 2.1%
4 Bedrooms or More
196
196
+ 0.1%
194
194
+ 0.1%
215
217
+ 0.9%
All Bedroom Counts
176
180
+ 2.0%
175
181
+ 3.4%
178
179
+ 0.5%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 3
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
By Bedroom Count 6-2011
By Property Type 6-2011
6-2012 $269,995
6-2012
$172,000
$251,516 $145,000
$155,000 $97,500
$162,000
$137,625 $113,500
$107,000
$148,900
$90,000
- 7.7%
- 3.9%
- 6.8%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 5.1%
All Properties
- 5.8%
All Properties p
Single-Family g y Homes
Single-Family Homes
- 5.7% Condos
Condos
By Bedroom Count
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
2 Bedrooms or Less
$97,500
$90,000
- 7.7%
$110,000
$92,000
- 16.4%
$96,000
$90,000
- 6.3%
3 Bedrooms
$155,000
$148,900
- 3.9%
$155,000
$147,000
- 5.2%
$157,000
$157,500
+ 0.3%
4 Bedrooms or More
$269,995
$251,516
- 6.8%
$264,000
$249,100
- 5.6%
$305,000
$310,000
+ 1.6%
All Bedroom Counts
$145,000
$137,625
- 5.1%
$172,000
$162,000
- 5.8%
$113,500
$107,000
- 5.7%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Percent of List Price Received Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.
By Price Range 6-2011
By Bedroom Count
6-2012
6-2011
95.1%
6-2011
95.0% 94.9%
6-2012 94.8%
95.4%
95.3%
By Property Type
6-2012
94.9%
95.1%
94.4%
94.6% 94.3% 93.8%
93.8%
93.5% 93.6% 93.2%
93.6% 93.4%
93.1% 93.0%
+ 0.1%
+ 0.2%
- 0.1%
+ 0.3%
+ 0.6%
- 0.1%
+ 0.3%
+ 0.5%
+ 0.4%
- 0.2%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2011
6-2012
Single-Family Homes Change
6-2011
6-2012
Change
Condos 6-2011
6-2012
Change
$150,000 and Below
93.5%
93.6%
+ 0.1%
93.6%
94.1%
+ 0.5%
93.4%
93.2%
- 0.2%
$150,001 to $200,000
95.1%
95.3%
+ 0.2%
95.8%
95.9%
+ 0.1%
94.1%
94.0%
- 0.1%
$200,001 to $250,000
95.0%
94.9%
- 0.1%
95.6%
95.8%
+ 0.2%
93.7%
93.1%
- 0.6%
$250,001 to $300,000
95.1%
95.4%
+ 0.3%
96.0%
96.1%
+ 0.1%
93.4%
93.7%
+ 0.3%
$300,001 and Above
93.2%
93.8%
+ 0.6%
92.8%
93.7%
+ 1.0%
94.2%
94.1%
- 0.1%
All Price Ranges
94.0%
94.1%
+ 0.1%
94.4%
94.8%
+ 0.4%
93.6%
93.4%
- 0.2%
By Bedroom Count
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
2 Bedrooms or Less
93.1%
93.0%
- 0.1%
92.2%
91.6%
- 0.7%
93.2%
93.2%
0.0%
3 Bedrooms
94.6%
94.9%
+ 0.3%
94.9%
95.3%
+ 0.4%
93.9%
93.9%
0.0%
4 Bedrooms or More
93.8%
94.3%
+ 0.5%
93.8%
94.3%
+ 0.5%
93.5%
94.1%
+ 0.6%
All Bedroom Counts
94.0%
94.1%
+ 0.1%
94.4%
94.8%
+ 0.4%
93.6%
93.4%
- 0.2%
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range 6-2011
By Bedroom Count
6-2012
6-2011
By Property Type 6-2011
6-2012
6-2012
4,228
4,019
4,808
3,511
3,253
4,691 4,049
2,978
3,885
2,516 2,161
2,005
1,934
1,679
1,552 1,245
990
874
777
628
- 19.1%
- 19.8%
- 11.7%
- 19.2%
- 10.5%
- 15.5%
- 17.0%
- 16.3%
- 15.8%
- 17.2%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
$150,000 and Below
4,019
3,253
- 19.1%
1,465
1,099
- 25.0%
2,554
2,154
- 15.7%
$150,001 to $200,000
1,552
1,245
- 19.8%
850
687
- 19.2%
702
558
- 20.5%
$200,001 to $250,000
990
874
- 11.7%
580
552
- 4.8%
410
322
- 21.5%
$250,001 to $300,000
777
628
- 19.2%
483
398
- 17.6%
294
230
- 21.8%
$300,001 and Above
2,161
1,934
- 10.5%
1,430
1,313
- 8.2%
731
621
- 15.0%
All Price Ranges
9,499
7,934
- 16.5%
4,808
4,049
- 15.8%
4,691
3,885
- 17.2%
By Bedroom Count
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
2 Bedrooms or Less
2,978
2,516
- 15.5%
297
240
- 19.2%
2,681
2,276
- 15.1%
3 Bedrooms
4,228
3,511
- 17.0%
2,745
2,320
- 15.5%
1,483
1,191
- 19.7%
4 Bedrooms or More
2,005
1,679
- 16.3%
1,765
1,488
- 15.7%
240
191
- 20.4%
All Bedroom Counts
9,499
7,934
- 16.5%
4,808
4,049
- 15.8%
4,691
3,885
- 17.2%
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 | 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 6-2011
By Bedroom Count
6-2012
6-2011
6-2011
23.5
12.2
17.2
15.7
14.5
15.9 13.5
12.2
13.4 10.5 10.0
14.9
13.7
6-2012
18.6
26.1
12.5
By Property Type
6-2012
12.4
12.4
10.3
8.5
- 31.5%
- 24.6%
- 16.2%
- 28.0%
- 10.0%
- 23.1%
- 25.6%
- 27.6%
- 28.0%
- 22.0%
$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
6-2011
6-2012
Single-Family Homes Change
6-2011
6-2012
Change
Condos 6-2011
6-2012
Change
$150,000 and Below
12.5
8.5
- 31.5%
11.6
6.7
- 42.4%
13.0
10.0
- 23.7%
$150,001 to $200,000
13.7
10.3
- 24.6%
12.1
8.8
- 27.4%
16.2
13.1
- 19.3%
$200,001 to $250,000
14.9
12.4
- 16.2%
13.0
11.6
- 11.0%
18.6
14.3
- 23.2%
$250,001 to $300,000
17.2
12.4
- 28.0%
15.6
11.4
- 27.0%
20.9
14.8
- 29.3%
$300,001 and Above
26.1
23.5
- 10.0%
24.5
21.4
- 12.7%
30.0
29.8
- 0.8%
All Price Ranges
15.1
11.3
- 25.3%
14.5
10.5
- 28.0%
15.7
12.2
- 22.0%
By Bedroom Count
6-2011
6-2012
Change
6-2011
6-2012
Change
6-2011
6-2012
Change
2 Bedrooms or Less
15.9
12.2
- 23.1%
15.3
9.7
- 36.8%
16.0
12.6
- 21.2%
3 Bedrooms
13.5
10.0
- 25.6%
12.9
9.3
- 27.3%
14.8
11.7
- 21.1%
4 Bedrooms or More
18.6
13.4
- 27.6%
18.1
13.1
- 27.5%
23.0
16.6
- 27.9%
All Bedroom Counts
15.1
11.3
- 25.3%
14.5
10.5
- 28.0%
15.7
12.2
- 22.0%
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 | 7