Grand Strand Market Report March 2013 Solid First Quarter for Grand Strand Real Estate Activity…..sales activity up double digits and sales prices have stabilized and rebounded The momentum for the last half of 2012 carried into the first quarter of 2013 in both Single Family Residential (SFR) and Condo activity. In March, SFR sales volume was up 11.6% as compared to March, 2012. This solid growth translated to Year to Date (YTD) sales to be up 11.6% to prior year levels. SFR inventory maintained it seasonal increase and is now 4.6% higher than March 2012 levels. Non distressed listings continued to decline and now represent 12.6% of all SFR listings. Continuing its trend from February, SFR median sales price was $176,000. YTD, the SFR median sales price is $174,990 which is up 3.5% from its 2012 level. The improvement in median sales price is driven by a reduction in the percentage of distressed sales. For condos, the listing inventory increased seasonally but is down 11.7% from its 2012 level. Distressed condo listings continue to decline and are down 33% from its prior year’s level. Condo sales remained strong, up 3.7% for March 2012. YTD, condo sales are up 9.3% from their 2012 level. Driven by cash and distressed sales prices, the median sales price for condos slid to $101,750. However, the YTD median sales price of condo sales are up 4.5% from 2012. After a strong 2012, residential lot sales activity has slowed and are down 8.1% from their 2012 levels. The median sales price of residential lots have remained stable at approximately $35,000.
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.
4,000
Georgetown Co. Total
3,819
Georgetown Co.
869
Residential Lot Horry Co.
412 Total
4,869
# Listings 1,735
Georgetown Co.
762 Total
4,231
2,497
Average List Price
$332,569
Average List Price
$185,137
Average List Price
$122,981
Median List Price
$224,900
Median List Price
$132,500
Median List Price
$59,900
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,122
92
Less than $100k
$150k - $250k
1,451
188
$250k - $500k
1,075
312
$500k - $1.0 MM
255
157
$1 MM +
97
120
Horry Co.
G’town Co.
1,304
52
$100k - $150k
972
102
$150k - $200k
601
68
$200k - $400k
715
98
$400k -$750k
183
62
$750+
44
30
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
294
76
$25k - $50k
680
93
$50k - $75k
249
83
$75k-100k
145
111
$100k-175k
170
149
$175k -250k
82
120
$250k+
115
130
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,400
March 2011 5,033
5,000
March 2013 4,869
March 2012 4,656
4,800 4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings 950 # of Distressed Listings
# of Listings
5,200
900 850
March 2011 873
March 2012 816
800 750 700
March 2013 612
650 600
Research performed by SiteTech Systems
3
Grand Strand Condo Inventory Trends 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
March 2011 5,105 March 2012 4,789 March 2013 4,231
Grand Strand Distressed Condo Listings
# of Distressed
# of Listings
Grand Strand Condo Inventory
1000 950 900 850 800 750 700 650 600 550
March 2011 928 March 2012 828
March 2013 556
Research performed by SiteTech Systems
4
Closed Sales - SFR Year to Date
March
991
365 342
803
327
2011
2012
2013
2011
888
2012
2013
Historical Activity 450 400 350 300 250 200 150 100 50 0 Mar 08
March 2013 365
August 2010 414
January 2008 149 Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
5
Average Sales Price - SFR March
Year to Date $226,323
$240,700 $225,022
2011
2012
$227,943
$218,549
2011
2013
$221,693
2012
2013
Historical Activity $330,000 $310,000 $290,000 $270,000 $250,000 $230,000 $210,000 $190,000 $170,000 $150,000 Mar 08
September 2008 $314,788 March 2013 $227,943
September 2012 $197,947 Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
6
Median Sales Price - SFR Year to Date
March $185,050 $176,000
$174,990 $172,000
$164,445
2011
2012
2013
$169,900
2011
2012
2013
Historical Activity $230,000 $220,000
April 2008 $225,000
$210,000 $200,000 $190,000
March 2013 $176,000
$180,000 $170,000 $160,000 $150,000 Mar 08
November 2012 $154,950 Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
7
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 Mar-11
May-11
Jul-11
Sep-11
Nov-11
Jan-12
Mar-12
May 12
Jul-12
Sep-12
Research performed by SiteTech Systems
Nov-12
Jan-13
Mar-13
9
SFR Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0% % Cash
40.0%
% Conventional
30.0%
20.0%
10.0%
0.0%
Research performed by SiteTech Systems
10
Sold to List Price Ratio - SFR March
Year to Date 93%
92% 88%
2011
90%
89%
88%
2012
2013
2011
2012
2013
Historical Activity 94 92
March 2013 93%
Mar’-April 2008 92%
90 88 April 2011 86%
86 84 82 Mar 08
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
11
Closed Sales - Condo March
Year to Date 374
914
338 326
2011
2012
2013
821
2011
836
2012
2013
Historical Activity
450 400 350 300 250 200 150 100 50 0 Mar 08
May 2012 383
March 2013 338
January 2009 117 Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
12
Average Sales Price - Condo March
Year to Date $138,258
$144,486
$132,833
2011
$129,825
$129,718
2012
2013
$126,869
2011
2012
2013
Historical Activity $250,000 $200,000
March 08 $228,044 March 2013 $129,718
$150,000 December 2010 $105,000
$100,000 $50,000 $0 Mar 08
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
13
Median Sales Price - Condo March
Year to Date $106,900 $104,500
$114,550 $105,000
2011
2012
$101,750
$99,000
2013
2011
2012
2013
Historical Activity $180,000
April 2008 $173,500
$160,000 $140,000 $120,000 $100,000
November 2011 $93,450
$80,000 $60,000 Mar 08
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
March 2013 $101,750 Mar 12
Mar 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
Mar-13
Feb-13
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
$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
Mar-13
Feb-13
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
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
$50,000
16
Research performed by SiteTech Systems Mar-13
Feb-13
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
Condo Sales % Cash vs. % Conventional
80.0%
70.0%
60.0%
50.0% % Cash
40.0% % Conventional
30.0%
20.0%
10.0%
0.0%
17
Sold to List Price Ratio - Condo March
Year to Date 89% 89% 86%
2011
87%
87%
2012
86%
2013
2011
2012
2013
Historical Activity 92
August 2012 91%
90
March 2013 89%
88 86 84 82 Feb’-March 2009 81%
80 78 Mar 08
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
18
Closed Sales – Residential Lot March
Year to Date 234
89 78
74
215
155
2011
2012
2013
2011
2012
2013
Historical Activity 140
May 2012 121
120 100
March 2013 78
80 60 40 20 0 Mar 08
January 2009 11
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
19
Average Sales Price – Residential Lot March
Year to Date $87,569
$63,813
$74,097 $70,071
$62,044 $64,313
2011
2012
2013
2011
2012
2013
Historical Activity $300,000 $250,000
July 2008 $275,614
$200,000 $150,000
March 2013 $62,044
October 2011 $35,780
$100,000 $50,000 $0 Mar 08
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
20
Median Sales Price – Residential Lot March
Year to Date $38,000 $38,000
$35,000
2011
$35,000
$34,500
2012
2013
2011
$34,000
2012
2013
Historical Activity $120,000 $100,000
May 2008 $106,000
$80,000 $60,000
November 2011 $15,000
$40,000
March 2013 $34,500
$20,000 $0 Mar 08
Mar 09
Mar10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
21
Median Sales Price – Res. Lot (Non-Distressed) March
Year to Date $53,000
$55,775
$35,000
2011
2012
2013
$45,000
$45,000
2012
2013
$41,500
2011
Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
August 2011 $83,000
March 2013 $35,000 October 2011 $23,250
Research performed by SiteTech Systems
22
Sold to List Price Ratio – Residential Lot March
Year to Date 79%
77%
76% 72%
72% 70%
2011
2012
2013
2011
2012
2013
Historical Activity 100 90
June 2008 93% March 2013 79%
80 70 60 November 2011 47%
50 40 Mar 08
Mar 09
Mar 10
Mar 11
Research performed by SiteTech Systems
Mar 12
Mar 13
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot
# Listings
# Listings
Horry Co.
545
Horry Co.
516
Horry Co.
215
Georgetown Co.
67
Georgetown Co.
40
Georgetown Co.
85
Total
Total
612
556
Total
300
Average List Price
$192,396
Average List Price
$120,701
Average List Price
$63,679
Median List Price
$139,900
Median List Price
$89,500
Median List Price
$34,950
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
308
27
$150k - $250k
134
23
$250k - $500k
82
10
$500k - $1.0 MM
18
6
$1 MM +
3
1
Horry Co.
G’town Co.
Less than $100k
312
16
$100k - $150k
85
8
$150k - $200k
53
4
$200k - $400k
57
8
$400k -$750k
8
4
$750+
1
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
73
21
$25k - $50k
83
17
$50k - $75k
28
10
$75k-100k
10
14
$100k-175k
14
13
$175k -250K
3
6
$250K +
4
4
24
Distressed Sales SFR
Total
Mar
May
Jul
Sep
Nov
Jan
Mar
Mar
Condo
May
Jul
Sep
Nov
Mar
% Total Sales 33
28 28 29 29 29 29 23
Mar
Jan
May
Jul
Sep
Nov
Jan
Mar
Mar
May
Research performed by SiteTech Systems
Jul
Sept
25 25
Nov
27 28
Jan
24
Mar
25
Be sure to check out our new website for daily updates and breaking news in the real estate and financial markets, also… “Like” us on Facebook – www.facebook.com/SiteTechSystems Follow us on Twitter – @SiteTechSystems www.sitetechsystems.com
Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
March 2013
Quick Facts
With spring here in all its bounty, it's time to renew, refresh and revive our understanding of what's fueling the ongoing market recovery. First, tightened inventory levels combined with strong demand are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery. Let's check the local scene. New Listings in the Coastal Carolinas region were up 9.4 percent for detached homes but decreased 9.5 percent for condos. Pending Sales increased 37.4 percent for single-family homes and 7.8 percent for condos. The Median Sales Price was up 3.1 percent to $165,000 for single-family properties but decreased 5.2 percent to $97,750 for condo units. Months Supply of Inventory decreased 25.2 percent for single-family units and 30.4 percent for townhousecondo units. On the economic front, things inched forward. We saw a minor but important upward revision to Q4-2012 GDP growth that put us back in positive territory. In the political arena, key debates over the deficit, marriage, gun law, immigration reform and tax policy rage onward. The squeaky wheel gets the grease, and with this emerging housing recovery, there are no imminent housing-related bills. Perhaps that's a good thing.
- 0.1%
+ 3.6%
- 4.2%
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 3-2010
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
2,521
+ 11.1%
468
643
+ 37.4%
1,220
1,553
+ 27.3%
387
401
+ 3.6%
956
1,083
+ 13.3%
177
169
- 4.8%
181
167
- 7.7%
$160,000
$165,000
+ 3.1%
$162,810
$165,000
+ 1.3%
$210,628
$214,838
+ 2.0%
$206,835
$209,620
+ 1.3%
94.5%
96.0%
+ 1.5%
95.1%
95.2%
+ 0.1%
150
154
+ 4.1%
150
154
+ 4.1%
4,305
3,969
- 7.8%
--
--
--
11.9
8.9
- 25.2%
--
--
--
3-2013
Months Supply of Homes for Sale 3-2010
2,270
3-2013
Inventory of Homes for Sale 3-2010
+ 9.4%
3-2013
Housing Affordability Index 3-2010
877
3-2013
Percent of List Price Received 3-2010
802
3-2013
Average Sales Price 3-2010
+/–
3-2013
Median Sales Price 3-2010
YTD 2012 YTD 2013
3-2013
Days on Market Until Sale 3-2010
+/–
3-2013
Closed Sales 3-2010
3-2013
3-2013
Pending Sales 3-2010
3-2012
3-2013
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 3-2010
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
3-2011
3-2012
1,912
- 3.1%
396
427
+ 7.8%
1,044
1,141
+ 9.3%
355
340
- 4.2%
836
914
+ 9.3%
166
177
+ 6.5%
176
179
+ 1.8%
$103,100
$97,750
- 5.2%
$99,000
$103,000
+ 4.0%
$130,396
$129,649
- 0.6%
$128,257
$133,603
+ 4.2%
93.0%
94.0%
+ 1.1%
93.0%
94.0%
+ 1.1%
222
242
- 6.7%
222
242
- 6.7%
4,353
3,517
- 19.2%
--
--
--
14.7
10.2
- 30.4%
--
--
--
3-2013
Months Supply of Homes for Sale 3-2010
1,974
3-2013
Inventory of Homes for Sale 3-2010
- 9.5%
3-2013
Housing Affordability Index 3-2010
597
3-2013
Percent of List Price Received 3-2010
660
3-2013
Average Sales Price 3-2010
+/–
3-2013
Median Sales Price 3-2010
YTD 2012 YTD 2013
3-2013
Days on Market Until Sale 3-2010
+/–
3-2013
Closed Sales 3-2010
3-2013
3-2013
Pending Sales 3-2010
3-2012
3-2013
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.
March
Year to Date
902
877 802
2,521
2,437
759
2,270 2,030
660
1,974
597
2011
2012
2013
-11.1%
+9.4%
Single-Family
2011
2012
2013
-13.0%
-9.5%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
740
0.0%
617
- 15.8%
May
807
+ 17.5%
598
+ 7.9%
Month
2012
2013
-6.9%
+11.1%
Single-Family
2011
1,912
2012
2013
-2.8%
-3.1%
June
755
+ 2.7%
504
- 15.4%
July
688
+ 6.2%
519
- 5.8%
August
755
+ 6.3%
498
- 10.8%
September
688
+ 14.3%
457
- 9.3%
October
731
+ 15.7%
549
+ 1.3%
November
664
+ 9.8%
467
- 16.3%
December
505
+ 10.5%
338
- 23.7%
January
863
+ 13.0%
700
- 0.7%
February
781
+ 10.9%
615
+ 1.0%
March
877
+ 9.4%
597
- 9.5%
8,854
+ 9.5%
6,562
- 8.2%
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.
March
Year to Date 643 1,553
1,220
468 426
2011
397
2012
2013
+9.9%
+37.4%
Single-Family
2011
396
427
2012
2013
-0.3%
+7.8%
1,141
1,061
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
436
+ 12.7%
427
+ 13.6%
May
475
+ 23.7%
357
+ 13.0%
Month
1,044
999
2012
2013
+15.0%
+27.3%
Single-Family
2011
2012
2013
+4.5%
+9.3%
June
466
+ 28.4%
342
+ 23.0%
July
436
+ 10.1%
343
+ 26.6%
August
462
+ 29.8%
349
+ 5.8%
September
408
+ 19.3%
347
+ 32.4%
October
461
+ 38.9%
338
+ 31.0%
November
347
+ 16.4%
263
+ 11.9%
December
302
+ 15.3%
227
+ 18.2%
January
445
+ 30.5%
363
+ 17.1%
February
465
+ 13.1%
351
+ 3.8%
March
643
+ 37.4%
427
+ 7.8%
5,346
+ 23.2%
4,189
+ 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.
March
Year to Date 387
379
362
2011
1,083
401 355
2012
2013
+6.9%
+3.6%
Single-Family
2011
956
340
2012
2013
-6.3%
-4.2%
914
857
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
370
+ 1.1%
355
- 4.8%
May
429
+ 19.2%
405
+ 14.7%
Month
836
828
2012
2013
+11.6%
+13.3%
Single-Family
2011
2012
2013
+1.0%
+9.3%
June
457
+ 12.8%
393
+ 10.7%
July
452
+ 29.5%
312
+ 9.9%
August
468
+ 19.4%
356
+ 23.2%
September
402
+ 13.9%
292
- 2.0%
October
434
+ 26.5%
362
+ 36.6%
November
427
+ 26.7%
333
+ 39.3%
December
411
+ 27.2%
277
+ 6.9%
January
335
+ 22.7%
254
+ 21.0%
February
347
+ 17.2%
320
+ 18.1%
March
401
+ 3.6%
340
- 4.2%
4,933
+ 17.9%
4,057
+ 13.0%
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.
March 184
2011
Year to Date 177
169
2012
2013
-3.6%
-4.8%
Single-Family
171
2011
180
177
181 167
166
2012
2013
-2.9%
+6.5%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
175
- 3.8%
170
- 1.0%
May
182
+ 13.0%
170
- 9.3%
June
176
- 4.4%
183
- 0.2%
July
162
- 11.3%
169
- 8.5%
August
172
- 1.0%
171
- 2.8%
September
149
- 16.1%
166
- 15.3%
October
157
- 21.3%
182
- 6.8%
November
157
- 14.2%
187
+ 10.7%
December
172
- 2.7%
199
+ 20.3%
January
163
- 10.9%
188
+ 2.6%
February
170
- 8.2%
175
- 4.8%
March
169
- 4.8%
177
+ 6.5%
Total
167
- 7.3%
178
- 1.1%
Month
2012
2013
+0.7%
-7.7%
Single-Family
176
176
2011
179
2012
2013
+0.1%
+1.8%
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.
March
Year to Date $167,000
$178,000 $160,000
$165,000
$109,950
2011
$162,810 $165,000
2012
2013
-10.1%
+3.1%
2011
Single-Family
$105,000 $103,100
$99,000
$103,000
$97,750
2012
2013
-6.2%
-5.2%
2011
Condo
2012
2013
-2.5%
+1.3%
Single-Family
2011
2012
2013
-5.7%
+4.0%
Condo
YoY Chg.
SingleFamily
YoY Chg.
April
158,000
+ 0.0%
115,500 + 15.5%
May
161,000
+ 0.6%
105,000
Month
Condo
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
July
165,500
+ 2.0%
95,000
- 13.6%
August
166,275
+ 2.3%
102,897
+ 3.0%
September
154,900
- 5.7%
102,000
- 6.2%
October
159,900
- 4.5%
103,000
- 1.9%
November
155,000
- 1.3%
104,500 + 13.6%
December
164,505
+ 1.4%
110,000
+ 2.3%
January
159,900
0.0%
97,000
+ 3.7%
February
170,100
- 0.2%
110,000 + 15.8%
March
165,000
+ 3.1%
97,750
- 5.2%
Median
160,318
- 2.1%
106,000
- 0.9%
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.
March
Year to Date
$231,185 $210,628 $214,838
$214,071
$206,835 $209,620
$143,768
$138,482
$130,396 $129,649
2011
2012
2013
- 8.9%
+ 2.0%
2011
Single-Family
2012
2013
- 9.3%
- 0.6%
2011
Condo
2012
2013
- 3.4%
+ 1.3%
Single-Family
2011
$128,257
$133,603
2012
2013
- 7.4%
+ 4.2%
Condo
YoY Chg.
SingleFamily
YoY Chg.
April
193,856
- 7.3%
143,335 + 10.5%
May
200,760
+ 2.2%
143,856
- 3.7%
Month
Condo
June
215,229
- 4.5%
142,841
- 2.6%
July
205,259
+ 0.9%
136,806
- 5.8%
August
208,073
+ 6.4%
129,716
+ 5.1%
September
188,817
- 9.1%
128,539
- 6.6%
October
197,277
- 10.3%
133,098
- 13.7%
November
194,581
- 5.4%
133,763
+ 1.3%
December
205,273
- 7.2%
146,179 + 10.0%
January
202,825
- 0.2%
132,793
+ 7.7%
February
210,094
+ 2.4%
138,392
+ 7.0%
March
214,838
+ 2.0%
129,649
- 0.6%
Average
188,547
- 1.6%
136,814
+ 0.3%
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.
March
Year to Date 94.7%
95.3%
2011
94.5%
96.0%
2012
2013
-0.8%
+1.5%
Single-Family
93.5%
2011
93.0%
95.1%
95.2%
93.8%
93.0%
94.0%
94.0%
2012
2013
-0.5%
+1.1%
2011
Condo
2012
2013
+0.4%
+0.1%
Single-Family
2011
2012
2013
-0.8%
+1.1%
Condo
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
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%
94.3%
+ 2.6%
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%
+ 1.6%
93.6%
- 0.1%
December
95.3%
+ 1.3%
94.2%
+ 1.1%
January
95.0%
- 0.5%
93.8%
+ 1.3%
February
94.3%
- 1.0%
94.1%
+ 0.9%
March
96.0%
+ 1.5%
94.0%
+ 1.1%
Average
91.3%
+ 2.8%
89.0%
+ 1.9%
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.
March
Year to Date
242
242
222
222
190 150
190
154
150
124
2011
154
124
2012
2013
+10.4%
+4.1%
Single-Family
2011
2012
2013
+17.2%
-6.7%
Condo
2011
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
154
+ 21.7%
207
+ 16.9%
May
154
+ 12.1%
225
+ 0.6%
Month
2012
2013
+10.4%
+4.1%
Single-Family
2011
2012
2013
+17.2%
-6.7%
Condo
June
157
+ 11.2%
219
+ 15.6%
July
153
+ 22.5%
246
+ 16.8%
August
152
+ 11.1%
232
+ 25.3%
September
163
+ 7.6%
237
+ 7.1%
October
158
+ 15.2%
234
+ 15.1%
November
163
+ 14.5%
233
+ 11.7%
December
157
+ 11.0%
226
+ 0.1%
January
161
+ 9.5%
249
+ 8.7%
February
150
+ 9.2%
222
+ 6.1%
March
154
+ 4.1%
242
- 6.7%
Average
156
+ 12.5%
231
+ 9.8%
Historical Housing Affordability Index
Single-Family
Condo
275 250 225 200 175 150
+
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.
March 4,917
4,717 4,305
4,353
3,969
3,517
2011
2012 -12.4% Single-Family
2011
2013
2012 -7.7% Condo
-7.8%
2013 -19.2%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
4,306
- 11.7%
4,222
- 11.2%
May
4,290
- 10.9%
4,187
- 11.4%
June
4,279
- 11.1%
4,067
- 13.5%
July
4,202
- 10.9%
3,978
- 14.3%
August
4,208
- 10.0%
3,889
- 14.5%
September
4,189
- 8.2%
3,737
- 16.5%
October
4,081
- 10.0%
3,664
- 17.5%
November
4,090
- 9.4%
3,630
- 18.5%
December
3,925
- 7.6%
3,474
- 19.2%
January
4,011
- 7.0%
3,548
- 19.1%
February
4,078
- 5.5%
3,597
- 18.1%
March
3,969
- 7.8%
3,517
- 19.2%
Average
3,164
- 8.8%
3,594
- 19.0%
Historical Inventory of Homes for Sale
Single-Family
Condo
6,500
5,500
4,500
3,500
2,500
+
1,500
500 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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.
March
SingleFamily
YoY Chg.
Condo
YoY Chg.
April
11.8
- 22.6%
14
- 11.4%
May
11.5
- 21.8%
13.8
- 11.9%
Month
15.7
15.0
14.7
11.9 10.2 8.9
2011
2012 -20.8% Single-Family
2011
2013 -25.2%
2012 -6.8% Condo
2013 -30.4%
June
11.2
- 23.1%
13.1
- 16.4%
July
10.9
- 22.1%
12.6
- 18.8%
August
10.7
- 22.4%
12.3
- 19.3%
September
10.5
- 20.9%
11.5
- 23.5%
October
9.9
- 24.3%
11.1
- 27.1%
November
9.9
- 24.2%
10.9
- 28.7%
December
9.4
- 22.9%
10.3
- 29.6%
January
9.4
- 23.2%
10.4
- 29.6%
February
9.5
- 21.4%
10.5
- 28.9%
March
8.9
- 25.2%
10.2
- 30.4%
Average
8.1
- 26.6%
10.3
- 30.3%
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
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
March 2013
Quick Facts
With a full quarter worth of data, the keen market watcher is tracking just how 2013 is stacking up. For the 12-month period spanning April 2012 through March 2013, Closed Sales in the Coastal Carolinas region were up 15.5 percent overall. The price range with the largest gain in sales was the $150,001 to $200,000 range, where they increased 16.8 percent. The overall Median Sales Price was up 0.7 percent to $139,000. The property type with the smallest price decline was the Condo segment, where prices decreased 1.3 percent to $105,000. The price range that tended to sell the quickest was the $150,000 and Below range at 159 days; the price range that tended to sell the slowest was the $300,001 and Above range at 213 days. Market-wide, inventory levels were down 13.5 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 7.8 percent. That amounts to 8.9 months supply for SingleFamily homes and 10.2 months supply for Condos.
+ 16.8%
+ 18.9%
+ 19.0%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$150,001 to $200,000
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 3-2012
By Property Type
By Bedroom Count
3-2013
3-2012
3-2012
3-2013 4,527
4,796
3-2013
4,356
3,809
3,767
3,661
4,112
3,374
2,605 2,286
1,346
1,368
1,572 800
898
545
626
932
1,535
1,040
+ 16.6%
+ 16.8%
+ 12.3%
+ 14.9%
+ 11.6%
+ 14.0%
+ 18.9%
+ 12.2%
+ 19.0%
+ 11.6%
$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
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
$150,000 and Below
4,112
4,796
+ 16.6%
1,721
2,114
+ 22.8%
2,391
2,682
+ 12.2%
$150,001 to $200,000
1,346
1,572
+ 16.8%
864
1,007
+ 16.6%
482
565
+ 17.2%
$200,001 to $250,000
800
898
+ 12.3%
534
603
+ 12.9%
266
295
+ 10.9%
$250,001 to $300,000
545
626
+ 14.9%
380
436
+ 14.7%
165
190
+ 15.2%
$300,001 and Above
932
1,040
+ 11.6%
685
773
+ 12.8%
247
267
+ 8.1%
7,735
8,932
+ 15.5%
3,661
4,356
+ 19.0%
3,374
3,767
+ 11.6%
All Price Ranges
By Bedroom Count
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
2 Bedrooms or Less
2,286
2,605
+ 14.0%
251
327
+ 30.3%
2,035
2,278
+ 11.9%
3 Bedrooms
3,809
4,527
+ 18.9%
2,693
3,204
+ 19.0%
1,116
1,323
+ 18.5%
4 Bedrooms or More
1,368
1,535
+ 12.2%
1,240
1,401
+ 13.0%
128
134
+ 4.7%
All Bedroom Counts
7,735
8,932
+ 15.5%
3,661
4,356
+ 19.0%
3,374
3,767
+ 11.6%
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 | 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 3-2012
By Property Type
By Bedroom Count
3-2013
3-2012
3-2012
3-2013
3-2013
197 214 187 169
159
174
182
184
198
213
180
187
180
186
178
177
176 171
168 167
- 5.9%
- 7.1%
+ 1.0%
- 5.5%
- 0.2%
- 2.9%
- 5.0%
- 5.5%
- 7.3%
- 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
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
$150,000 and Below
169
159
- 5.9%
170
153
- 10.2%
168
164
- 2.4%
$150,001 to $200,000
187
174
- 7.1%
174
155
- 10.9%
210
207
- 1.3%
$200,001 to $250,000
182
184
+ 1.0%
176
176
+ 0.5%
195
199
+ 2.2%
$250,001 to $300,000
198
187
- 5.5%
190
181
- 4.9%
222
206
- 7.1%
$300,001 and Above
214
213
- 0.2%
215
210
- 2.3%
208
222
+ 6.6%
All Price Ranges
180
172
- 4.7%
180
167
- 7.3%
180
178
- 1.3%
By Bedroom Count
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
2 Bedrooms or Less
176
171
- 2.9%
180
153
- 15.1%
175
173
- 1.1%
3 Bedrooms
177
168
- 5.0%
174
161
- 7.6%
184
186
+ 1.0%
4 Bedrooms or More
197
186
- 5.5%
193
184
- 4.7%
229
204
- 11.1%
All Bedroom Counts
180
172
- 4.7%
180
167
- 7.3%
180
178
- 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 | 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 3-2012
By Property Type 3-2012
3-2013
3-2013 $163,675
$255,000
$250,000
$138,000
$160,318
$139,000 $106,350
$149,900
$90,000
$105,000
$150,000
$90,000
0.0%
+ 0.1%
- 2.0%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
+ 0.7%
All Properties
- 2.1%
All Properties
Single-Family Homes
Single-Family Homes
- 1.3% Condos
Condos
By Bedroom Count
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
2 Bedrooms or Less
$90,000
$90,000
0.0%
$95,000
$91,250
- 3.9%
$90,000
$90,000
0.0%
3 Bedrooms
$149,900
$150,000
+ 0.1%
$148,000
$148,000
0.0%
$155,000
$155,000
0.0%
4 Bedrooms or More
$255,000
$250,000
- 2.0%
$250,000
$250,000
0.0%
$287,250
$291,750
+ 1.6%
All Bedroom Counts
$138,000
$139,000
+ 0.7%
$163,675
$160,318
- 2.1%
$106,350
$105,000
- 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 | 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 3-2012
By Property Type
By Bedroom Count
3-2013
3-2012 96.1%
3-2012
3-2013
95.2%
96.1%
95.8%
3-2013
95.4% 95.0%
95.1%
95.0%
94.4%
94.5%
94.7%
94.6%
94.0% 93.8%
93.9%
93.6%
93.3%
93.3%
93.3%
92.9%
+ 0.6%
+ 1.2%
+ 1.3%
+ 1.1%
+ 1.2%
+ 0.4%
+ 1.0%
+ 1.3%
+ 0.8%
+ 0.8%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties
Single-Family Homes
Condos
By Price Range
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
$150,000 and Below
93.3%
93.9%
+ 0.6%
93.5%
94.3%
+ 0.9%
93.2%
93.6%
+ 0.4%
$150,001 to $200,000
95.0%
96.1%
+ 1.2%
95.7%
96.7%
+ 1.0%
93.8%
95.0%
+ 1.3%
$200,001 to $250,000
94.6%
95.8%
+ 1.3%
95.5%
96.4%
+ 0.9%
92.8%
94.5%
+ 1.8%
$250,001 to $300,000
95.1%
96.1%
+ 1.1%
96.0%
96.5%
+ 0.5%
92.5%
94.7%
+ 2.4%
$300,001 and Above
93.6%
94.7%
+ 1.2%
93.5%
94.5%
+ 1.1%
93.9%
95.1%
+ 1.3%
All Price Ranges
93.9%
94.7%
+ 0.9%
94.4%
95.2%
+ 0.8%
93.3%
94.0%
+ 0.8%
By Bedroom Count
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
2 Bedrooms or Less
92.9%
93.3%
+ 0.4%
91.2%
92.1%
+ 1.0%
93.1%
93.5%
+ 0.4%
3 Bedrooms
94.5%
95.4%
+ 1.0%
94.9%
95.7%
+ 0.8%
93.6%
94.8%
+ 1.3%
4 Bedrooms or More
93.8%
95.0%
+ 1.3%
93.8%
95.0%
+ 1.3%
93.4%
95.2%
+ 1.9%
All Bedroom Counts
93.9%
94.7%
+ 0.9%
94.4%
95.2%
+ 0.8%
93.3%
94.0%
+ 0.8%
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 3-2012
By Property Type
By Bedroom Count
3-2013
3-2012
3-2012
3-2013
3-2013
3,792
3,730 3,063
4,353
4,305
3,267
3,969 3,517
2,767 2,282 2,001 1,387
1,840
1,813
1,705
1,205 894
839
646
566
- 17.9%
- 13.1%
- 6.2%
- 12.4%
- 9.4%
- 17.5%
- 13.8%
- 7.3%
- 7.8%
- 19.2%
$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
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
$150,000 and Below
3,730
3,063
- 17.9%
1,291
1,093
- 15.3%
2,439
1,970
- 19.2%
$150,001 to $200,000
1,387
1,205
- 13.1%
744
676
- 9.1%
643
529
- 17.7%
$200,001 to $250,000
894
839
- 6.2%
537
547
+ 1.9%
357
292
- 18.2%
$250,001 to $300,000
646
566
- 12.4%
387
364
- 5.9%
259
202
- 22.0%
$300,001 and Above
2,001
1,813
- 9.4%
1,346
1,289
- 4.2%
655
524
- 20.0%
All Price Ranges
8,658
7,486
- 13.5%
4,305
3,969
- 7.8%
4,353
3,517
- 19.2%
By Bedroom Count
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
2 Bedrooms or Less
2,767
2,282
- 17.5%
277
245
- 11.6%
2,490
2,037
- 18.2%
3 Bedrooms
3,792
3,267
- 13.8%
2,419
2,205
- 8.8%
1,373
1,062
- 22.7%
4 Bedrooms or More
1,840
1,705
- 7.3%
1,609
1,518
- 5.7%
231
187
- 19.0%
All Bedroom Counts
8,658
7,486
- 13.5%
4,305
3,969
- 7.8%
4,353
3,517
- 19.2%
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 3-2012
By Property Type
By Bedroom Count
3-2013
3-2012
3-2013
3-2012
14.7
15.8
25.0
14.4
11.9
19.5
12.2
11.6
10.2
10.2
8.5
7.3
13.5
13.3
12.0
10.7
10.2
3-2013
8.9 8.1
10.3
- 31.8%
- 28.9%
- 23.1%
- 23.5%
- 22.1%
- 29.1%
- 30.1%
- 22.8%
- 25.2%
- 30.4%
$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
3-2012
3-2013
Change
$150,000 and Below
10.7
7.3
$150,001 to $200,000
12.0
8.5
$200,001 to $250,000
13.3
$250,001 to $300,000
13.5
$300,001 and Above All Price Ranges
By Bedroom Count
Condos
3-2012
3-2013
Change
3-2012
3-2013
Change
- 31.8%
8.6
5.9
- 31.6%
- 28.9%
10.0
7.3
- 27.0%
12.3
8.4
- 31.5%
15.6
10.9
- 30.3%
10.2
- 23.1%
11.7
9.5
10.3
- 23.5%
11.9
9.2
- 18.4%
16.9
11.9
- 29.6%
- 23.0%
16.8
13.3
25.0
19.5
- 22.1%
22.7
- 20.7%
18.3
- 19.7%
31.6
23.4
- 25.9%
13.1
9.5
- 27.9%
11.9
8.9
- 25.2%
14.7
10.2
- 30.4%
3-2012
3-2013
Change
3-2012
3-2013
Change
3-2012
3-2013
Change
2 Bedrooms or Less
14.4
10.2
- 29.1%
12.0
9.0
- 25.6%
14.7
10.3
- 29.5%
3 Bedrooms
11.6
8.1
- 30.1%
10.4
7.6
- 26.9%
14.5
9.4
- 35.4%
4 Bedrooms or More
15.8
12.2
- 22.8%
15.2
11.9
- 21.9%
22.0
15.8
- 28.2%
All Bedroom Counts
13.1
9.5
- 27.9%
11.9
8.9
- 25.2%
14.7
10.2
- 30.4%
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