Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
May 2012
Quick Facts
Spring has brought both change and clarity to our local market. Some sellers are seeing competing bids on their properties which have lead to modest price gains. Buyers have fewer options from which to choose in many submarkets. Headlines and sound bites can often mask regional variability. With fewer distressed properties selling, prices are effectively “melting up” due to less downward pressure. May looked pretty good all around. New Listings in the Coastal Carolinas region were up 14.9 percent for detached homes and 6.9 percent for condos. Pending Sales increased 42.1 percent for singlefamily homes and 31.5 percent for condos. The Median Sales Price was up 0.6 percent to $161,000 for single-family properties but decreased 3.6 percent to $106,000 for condo units. Months Supply of Inventory decreased 26.6 percent for single-family units and 18.5 percent for townhousecondo units. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60day National Flood Insurance Program extension. But with campaign season upon us, major housing-related bills or policy shifts are unlikely.
+ 11.2%
+ 12.5%
+ 9.9%
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 5-2009
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
3,781
- 2.2%
385
547
+ 42.1%
1,836
2,212
+ 20.5%
360
405
+ 12.5%
1,584
1,716
+ 8.3%
161
185
+ 15.0%
176
181
+ 2.9%
$160,000
$161,000
+ 0.6%
$161,770
$161,000
- 0.5%
$196,421
$201,515
+ 2.6%
$208,978
$202,997
- 2.9%
93.9%
95.2%
+ 1.4%
94.3%
95.1%
+ 0.8%
138
154
+ 11.5%
138
154
+ 11.5%
4,810
4,077
- 15.2%
--
--
--
14.7
10.8
- 26.6%
--
--
--
5-2012
Months Supply of Homes for Sale 5-2009
3,868
5-2012
Inventory of Homes for Sale 5-2009
+ 14.9%
5-2012
Housing Affordability Index 5-2009
792
5-2012
Percent of List Price Received 5-2009
689
5-2012
Average Sales Price 5-2009
+/–
5-2012
Median Sales Price 5-2009
YTD 2011 YTD 2012
5-2012
Days on Market Until Sale 5-2009
+/–
5-2012
Closed Sales 5-2009
5-2012
5-2012
Pending Sales 5-2009
5-2011
5-2012
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 5-2009
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
5-2010
5-2011
3,166
- 4.6%
317
417
+ 31.5%
1,692
1,945
+ 15.0%
353
388
+ 9.9%
1,553
1,567
+ 0.9%
187
171
- 8.7%
178
174
- 2.1%
$110,000
$106,000
- 3.6%
$105,000
$104,900
- 0.1%
$149,441
$145,596
- 2.6%
$138,877
$136,260
- 1.9%
93.8%
93.7%
- 0.1%
93.8%
93.6%
- 0.2%
195
224
+ 0.6%
195
224
+ 0.6%
4,720
3,999
- 15.3%
--
--
--
15.6
12.7
- 18.5%
--
--
--
5-2012
Months Supply of Homes for Sale 5-2009
3,320
5-2012
Inventory of Homes for Sale 5-2009
+ 6.9%
5-2012
Housing Affordability Index 5-2009
592
5-2012
Percent of List Price Received 5-2009
554
5-2012
Average Sales Price 5-2009
+/–
5-2012
Median Sales Price 5-2009
YTD 2011 YTD 2012
5-2012
Days on Market Until Sale 5-2009
+/–
5-2012
Closed Sales 5-2009
5-2012
5-2012
Pending Sales 5-2009
5-2011
5-2012
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.
May
Year to Date
807
4,448
792 689
3,868
650
2010
2011
2012
-14.6%
+14.9%
Single-Family
2010
3,781
3,855 3,320
592
554
2011
2012
-14.8%
+6.9%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
735
- 7.7%
597
- 10.0%
July
649
- 18.7%
551
- 6.1%
August
715
- 5.3%
562
- 14.6%
September
607
- 14.1%
508
- 14.0%
October
636
- 4.9%
545
- 2.3%
November
603
- 2.0%
551
+ 5.2%
December
454
- 8.5%
443
+ 2.8%
January
758
- 1.2%
693
+ 6.6%
February
698
- 9.4%
610
- 2.1%
March
800
- 11.3%
663
- 12.6%
April
733
- 0.9%
608
- 17.2%
May
792
+ 14.9%
592
+ 6.9%
Total
8,180
- 6.0%
7,058
- 5.6%
Month
2011
2012
-13.0%
-2.2%
Single-Family
2010
3,166
2011
2012
-13.9%
-4.6%
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.
May
Year to Date 547
2,212
417
1,787
1,945
1,836 1,692
385
1,549
300
2010
291
2011
2012
+28.3%
+42.1%
Single-Family
2010
317
2011
2012
+8.9%
+31.5%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
365
+ 11.6%
279
- 12.3%
July
391
+ 23.0%
272
0.0%
Month
2011
2012
+2.7%
+20.5%
Single-Family
2010
2011
2012
+9.2%
+15.0%
Condo
August
361
+ 10.7%
330
+ 1.9%
September
345
+ 22.3%
263
- 10.2%
October
326
0.0%
264
- 14.8%
November
294
+ 5.4%
232
- 5.3%
December
248
+ 3.8%
189
+ 6.8%
January
331
+ 12.6%
320
+ 18.1%
February
400
+ 16.3%
346
+ 4.2%
March
474
+ 11.0%
414
+ 4.3%
April
460
+ 19.2%
448
+ 19.5%
May
547
+ 42.1%
417
+ 31.5%
Total
4,542
+ 15.5%
3,826
+ 4.2%
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.
May
Year to Date 405
384
388
360
353 327
2010
2011
2012
-6.3%
+12.5%
Single-Family
2010
1,716 1,527
2011
2012
+8.0%
+9.9%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
405
- 11.6%
355
+ 6.6%
July
349
+ 10.8%
284
0.0%
August
390
+ 18.2%
288
- 8.6%
September
353
+ 9.6%
298
- 2.0%
Month
1,584
1,553
1,567
1,437
2011
2012
+3.7%
+8.3%
Single-Family
2010
2011
2012
+8.1%
+0.9%
Condo
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%
210
0.0%
February
293
+ 16.3%
270
+ 13.0%
March
382
+ 5.2%
350
- 7.7%
April
363
- 0.8%
349
- 6.2%
May
405
+ 12.5%
388
+ 9.9%
Total
4,213
+ 8.5%
3,597
- 1.4%
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.
May
Year to Date 187
185 162
2010
171
164
161
2011
2012
-0.4%
+15.0%
Single-Family
2010
2011
2012
+13.8%
-8.7%
173
2010
Condo
176
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
184
+ 13.9%
183
+ 2.2%
July
182
+ 7.8%
185
+ 8.9%
Month 181
178 167
2011
2012
+1.6%
+2.9%
Single-Family
2010
174
2011
2012
+6.2%
-2.1%
Condo
August
174
+ 8.8%
176
+ 1.5%
September
178
+ 3.1%
196
+ 13.8%
October
200
+ 10.0%
195
+ 8.2%
November
183
+ 7.1%
169
- 7.7%
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 2.1%
February
186
+ 17.1%
184
+ 5.0%
March
177
- 4.2%
167
- 2.2%
April
176
- 3.0%
171
- 0.4%
May
185
+ 15.0%
171
- 8.7%
Total
182
+ 5.6%
178
+ 0.2%
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.
May
Year to Date
$166,500
$160,000 $161,000
$172,900 $161,770 $161,000 $121,000 $110,000
$120,000
$106,000
$105,000 $104,900
2010
2011
2012
-3.9%
+0.6%
2010
Single-Family
2011
2012
-9.1%
-3.6%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
178,000
+ 8.3%
117,500
- 4.9%
July
162,250
- 13.1%
110,000
- 4.3%
August
163,000
- 16.4%
99,950
- 13.1%
September
164,250
- 3.4%
108,750
- 5.4%
Month
2011
2012
-6.4%
-0.5%
2010
Single-Family
2011
2012
-12.5%
-0.1%
Condo
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%
93,500
- 13.0%
February
170,500
+ 3.3%
95,000
- 5.0%
March
160,000
- 10.6%
104,500
- 5.0%
April
159,000
+ 0.7%
115,500 + 15.5%
May
161,000
+ 0.6%
106,000
- 3.6%
Median
164,000
- 3.5%
108,000
- 6.1%
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.
May
Year to Date
$220,657
$216,837 $196,421
$201,515
$208,978
$202,997
$148,742 $149,441 $145,596
2010
2011
2012
- 11.0%
+ 2.6%
2010
Single-Family
2011
2012
+ 0.5%
- 2.6%
Condo
$149,408
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
225,291
+ 6.5%
146,627
- 1.1%
July
203,465
- 6.1%
145,251
- 8.6%
Month
2011
2012
- 3.6%
- 2.9%
2010
Single-Family
$138,877 $136,260
2011
2012
- 7.0%
- 1.9%
Condo
August
195,946
- 16.9%
123,658
- 16.2%
September
207,648
- 1.7%
137,638
+ 0.3%
October
220,292
+ 0.0%
154,308
+ 1.9%
November
205,868
- 11.5%
132,004
- 17.3%
December
221,155 + 12.9%
132,909
- 4.8%
January
203,310
+ 5.2%
123,429
- 14.0%
February
205,635
- 1.6%
129,473
+ 3.1%
March
210,484
- 9.1%
131,147
- 8.8%
April
194,523
- 7.0%
143,895 + 10.8%
May
201,515
+ 2.6%
145,596
- 2.6%
Average
191,856
- 2.5%
137,779
- 4.5%
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.
May
Year to Date 94.6%
95.3%
2010
93.9%
95.2%
2011
2012
-1.5%
+1.4%
94.3%
2010
Single-Family
93.8%
94.3%
95.1%
94.2%
93.8%
93.6%
93.7%
2011
2012
-0.5%
-0.1%
Condo
2010
2011
2012
-0.3%
+0.8%
Single-Family
2010
2011
2012
-0.4%
-0.2%
Condo
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
94.4%
- 0.4%
93.3%
- 0.2%
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%
92.7%
- 1.7%
February
95.3%
+ 0.8%
93.3%
- 0.4%
March
94.6%
- 0.7%
93.0%
- 0.5%
April
95.0%
+ 1.2%
94.7%
+ 0.9%
May
95.2%
+ 1.4%
93.7%
- 0.1%
Average
89.3%
+ 0.7%
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.
May
Year to Date 224
224
195
195
173
173
154 128
2010
154
138
128
2011
2012
+7.5%
+11.5%
Single-Family
2010
2011
2012
+17.5%
+0.6%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
128
+ 8.1%
187
+ 12.6%
July
138
- 3.3%
196
+ 7.4%
Month
138
2011
2012
+7.5%
+11.5%
Single-Family
2010
2011
2012
+17.5%
+0.6%
Condo
Historical Housing Affordability Index
August
141
+ 13.5%
216
+ 4.5%
September
142
+ 18.8%
206
+ 13.7%
October
138
+ 6.6%
210
+ 8.0%
November
147
+ 10.7%
232
+ 10.9%
December
143
+ 14.4%
208
+ 20.4%
January
148
+ 5.3%
235
+ 5.6%
February
144
+ 7.8%
238
+ 21.6%
March
150
+ 10.4%
220
+ 17.2%
April
153
+ 22.3%
207
+ 15.7%
May
154
+ 11.5%
224
+ 0.6%
Average
144
+ 10.5%
215
+ 11.5%
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.
May 5,566
5,334 4,810
4,720 4,077
2010
2011 -9.8% Single-Family
3,999
2010
2012
2011 -15.2% Condo
-15.2%
2012 -15.3%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
4,804
- 9.3%
4,696
- 13.8%
July
4,707
- 11.1%
4,634
- 14.3%
August
4,662
- 10.8%
4,544
- 14.3%
September
4,552
- 11.6%
4,470
- 13.4%
October
4,528
- 10.5%
4,427
- 11.1%
November
4,497
- 10.1%
4,439
- 9.6%
December
4,233
- 10.6%
4,283
- 9.0%
January
4,290
- 9.8%
4,338
- 7.2%
February
4,276
- 11.4%
4,339
- 7.4%
March
4,239
- 13.8%
4,273
- 9.4%
April
4,207
- 13.6%
4,109
- 13.5%
May
4,077
- 15.2%
3,999
- 15.3%
Average
3,273
- 15.8%
4,083
- 15.0%
Historical Inventory of Homes for Sale
Single-Family
Condo
6,500
5,500
4,500
3,500
2,500
1,500
500 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
May
SingleFamily
YoY Chg.
Condo
YoY Chg.
June
14.5
- 9.6%
16
- 17.2%
July
14.0
- 12.8%
15.5
- 18.3%
Month
19.7 16.3
15.6
14.7
12.7 10.8
2010
2011 -10.0% Single-Family
2012
2010
-26.6%
2011 -21.0% Condo
2012 -18.5%
Historical Months Supply of Inventory
August
13.7
- 13.8%
15.2
- 17.8%
September
13.2
- 17.0%
15.0
- 16.4%
October
13.1
- 16.3%
15.1
- 12.7%
November
13.0
- 15.8%
15.2
- 9.8%
December
12.2
- 16.7%
14.6
- 9.9%
January
12.2
- 16.8%
14.6
- 9.8%
February
12.0
- 18.9%
14.5
- 8.5%
March
11.8
- 21.2%
14.2
- 9.4%
April
11.5
- 24.1%
13.4
- 15.2%
May
10.8
- 26.6%
12.7
- 18.5%
Average
9.9
- 26.4%
12.8
- 18.4%
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
Grand Strand Market Report May 2012 After a sluggish SFR and Condo sales performance in April, May’s performance marked a solid improvement. For the month, SFR sales surged 16.6% from April and 22.3% from May, 2011. Year to date, SFR sales are up 8.7% from 2011 levels. Consistent with prior levels, SFR Median Sales Price remains at $170,000. SFR inventory continues to seasonally increase, however the current inventory is down approximately 6% from 2011 levels. It is anticipated that the inventory has peaked and will begin declining in June. For the fourth consecutive month, condo sales activity improved and experienced one of its strongest months since 2007 with 383 sales. This performance is 9.4% better than May, 2011. Condo inventory continues to remain flat in 2012 and down 9.3% as compared to prior year levels. Sales continue to improve at the expense of Median Sales Price. Driven by cash transactions and distressed sales prices, the median sale price continues to hover around $106,000. Residential lot sales activity continues to improve as lot prices continue sell at historically low prices. YTD, there have been 442 lot sales, a 68% increase over 2011, with a median sales price of $32,000.
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.
3,921
Georgetown Co. Total
4,282
Georgetown Co.
856
Residential Lot Horry Co.
434 Total
4,777
# Listings 1,939
Georgetown Co.
751 Total
4,716
2,690
Average List Price
$339,456
Average List Price
$189,779
Average List Price
$131,319
Median List Price
$220,900
Median List Price
$134,500
Median List Price
$63,450
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,148
104
$150k - $250k
1,376
151
$250k - $500k
1,002
323
$500k - $1.0 MM $1 MM +
298 97
Horry Co.
G’town Co.
Less than $100k
1,448
63
$100k - $150k
1,097
85
$150k - $200k
613
76
$200k - $400k
819
114
173 105
$400k -$750k
250
64
$750+
55
32
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
358
51
$25k - $50k
640
93
$50k - $75k
295
76
$75k-100k
193
96
$100k-175k
198
147
$175k -250k
109
126
$250k+
146
162
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,600 5,400
May 2011 5,087
# of Listings
5,200 5,000 4,800
May 2012 4,777
4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900
May 2011 880
850 800
May 2012 807
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
May 2011 5,198 May 2012 4,716
Grand Strand Distressed Condo Listings 1000
May 2011 889
900
May 2012 801
850
800 750
Research performed by SiteTech Systems
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Jul-11
Aug-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
700 May-10
# of Distressed
950
4
Closed Sales - SFR Year to Date
May 373
356
1,582
320
1,455 1,404
2010
2011
2012
2010
2011
2012
Historical Activity 600 550 500 450 400 350 300 250 200 150 100 Jan 05
May 2012 373
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
5
Average Sales Price - SFR Year to Date
May $231,848
$230,105
$224,731 $218,507
$215,225
$211,146
2010
2011
2012
2010
2011
2012
Historical Activity $375,000 $345,000 $315,000 $285,000
May 2012 $211,146
$255,000 $225,000 $195,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
6
Median Sales Price - SFR Year to Date
May
$180,000
$175,000
$174,000 $170,000
2010
2011
2012
2010
$170,000
$169,900
2011
2012
Historical Activity $250,000 $240,000 $230,000 $220,000 $210,000
$200,000
May 2012 $170,000
$190,000 $180,000 $170,000 $160,000 $150,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
7
Median Sales Price – SFR Distressed & Non-Distressed $250,000
$225,000
$200,000
Non-Distressed
$175,000
Distressed Combined $150,000
$125,000
May-12
Apr-12
Mar-12
Research performed by SiteTech Systems
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-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
Research performed by SiteTech Systems May-12
Apr-12
12-Mar
12-Feb
12-Jan
Dec-11
11-Nov
11-Oct
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
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%
10
Sold to List Price Ratio - SFR May
Year to Date 91%
90% 89%
90%
88% 89%
2010
2011
2010
2012
2011
2012
Historical Activity 99 97 95
May 2012 91%
93 91 89 87 85 83 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
11
Closed Sales - Condo May
Year to Date
1,541
383
1,561
350 327
1,435
2010
2011
2010
2012
2011
2012
Historical Activity 1050 850
May 2012 383
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
12
Average Sales Price - Condo May
Year to Date $149,155
$148,700
$149,876
$139,552
$145,017
2010
2011
$135,146
2012
2010
2011
2012
Historical Activity $400,000 $350,000 $300,000
$250,000
May 2012 $145,017
$200,000 $150,000 $100,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
10-Jan
10-Jul
11-Jan
11-Jul
Jan 12
13
Median Sales Price - Condo May
Year to Date
$120,000
$122,000 $110,000
2010
2011
$106,900 $106,000
2010
2012
$105,000
2011
2012
Historical Activity $275,000 $255,000 $235,000 $215,000 $195,000 $175,000 $155,000 $135,000 $115,000 $95,000 $75,000 Jan 05
May 2012 $106,000
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
14
Median Sales Price – Condo Distressed & Non-Distressed $140,000
$130,000
$120,000
$110,000
Non-Distressed
$100,000
Distressed Combined
$90,000
$80,000
$70,000
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
$60,000
Research performed by SiteTech Systems
15
Median Sales Price – Condo Cash & Conventional Transactions $170,000
$150,000
$130,000
Cash
$110,000
Conventional Combined $90,000
$70,000
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12
$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
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 May
Year to Date
88%
89%
86%
87% 86%
2010
85%
2011
2012
2010
2011
2012
Historical Activity 105 100
May 2012 89%
95 90 85 80 75 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
18
Closed Sales – Residential Lot May
Year to Date 85
442
51
2010
263
237
43
2011
2010
2012
2011
2012
Historical Activity 310 260 210
May 2012 85
160 110 60 10 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
19
Average Sales Price – Residential Lot May
Year to Date
$88,812
$78,182
$74,944
2010
$63,347
$59,060
$56,767
2011
2012
2010
2011
2012
Historical Activity $300,000 $250,000 $200,000
May 2012 $59,060
$150,000
$100,000 $50,000 $0 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
20
Median Sales Price – Residential Lot May
Year to Date
$44,900
$50,000
$38,000 $32,000
$30,000
2010
$26,175
2011
2012
2010
2011
2012
Historical Activity $150,000 $125,000 $100,000
May 2012 $26,175
$75,000 $50,000
$25,000 $0 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
21
Median Sales Price – Res. Lot (Non-Distressed) May
Year to Date $59,000
$72,000 $57,400
$56,550
$56,250
$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 $-
May 2012 $56,250
Jan 10
Apr 10
Jul 10
Oct 10
Jan 11
Apr 11
Research performed by SiteTech Systems
Jul 11
Oct 10
Jan 12
22
Sold to List Price Ratio – Residential Lot May
Year to Date
77%
76% 76% 72%
70%
69%
2010
2011
2012
2010
2011
2012
Historical Activity 110 100
May 2012 70%
90 80 70 60
50 40 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
726
Horry Co.
767
Horry Co.
325
Georgetown Co.
81
Georgetown Co.
34
Georgetown Co.
74
Total
Total
807
Total
801
Average List Price
$199,917
Average List Price
$119,857
Median List Price
$139,900
Median List Price
$89,900
399
Average List Price
$72,382
Median List Price
$30,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
428
33
$150k - $250k
179
18
$250k - $500k
89
17
$500k - $1.0 MM
26
9
$1 MM +
4
4
Horry Co.
G’town Co.
Less than $100k
455
16
$100k - $150k
132
8
$150k - $200k
74
3
$200k - $400k
93
1
$400k -$750k
13
6
-
-
$750+
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
136
8
$25k - $50k
98
14
$50k - $75k
34
8
$75k-100k
17
17
$100k-175k
20
9
$175k -250K
9
12
$250K +
11
6
24
Distressed Sales SFR
Total 228219 213 210 210 189191170177 185 180 170 165 165 161 159 154157 116
Nov
Feb
May
August
Nov
Feb
May
Condo
116 106
100 84
81
82 81 80
Feb
May
August
67
55
Nov
99
111
102
89 95
87
78
72
Nov
77
Feb
May
% Total Sales 44
110
112113108 92 101 92
61
Nov
Feb
May
88 96 81 87 76 75 82 70
August
Nov
Feb
37 38
111103 99
34 34
26
May
Nov
Feb
Research performed by SiteTech Systems
32 33 30 29 29 30 29 28
May
August
Nov
37
32 33
Feb
28 28
May
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
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
May 2012
Quick Facts
We're nearly through the spring market. Did you blink and miss it? Important changes have taken place that will set the scene for the coming months and years. For the 12-month period spanning June 2011 through May 2012, Closed Sales in the Coastal Carolinas region were up 3.8 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 9.2 percent. The overall Median Sales Price was down 4.8 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.5 percent to $164,000. 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 216 days. Market-wide, inventory levels were down 15.3 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.2 percent. That amounts to 10.8 months supply for SingleFamily homes and 12.7 months supply for Condos.
+ 9.2%
+ 11.5%
+ 7.6%
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 5-2011
By Property Type
By Bedroom Count
5-2012
5-2011
5-2011
5-2012 3,736
4,136
5-2012
3,796 3,702
3,789
2,251
2,303 3,439
1,331
1,248
1,331 814
810
1,008 544
3,416 3,358
1,392
919
572
+ 9.2%
0.0%
- 0.5%
+ 5.1%
- 8.8%
+ 2.3%
+ 1.6%
+ 11.5%
+ 7.6%
- 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
Single-Family Homes
Condos
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
$150,000 and Below
3,789
4,136
+ 9.2%
1,458
1,752
+ 20.2%
2,331
2,384
+ 2.3%
$150,001 to $200,000
1,331
1,331
0.0%
836
849
+ 1.6%
495
482
- 2.6%
$200,001 to $250,000
814
810
- 0.5%
549
546
- 0.5%
265
264
- 0.4%
$250,001 to $300,000
544
572
+ 5.1%
350
392
+ 12.0%
194
180
- 7.2%
$300,001 and Above
1,008
919
- 8.8%
689
674
- 2.2%
319
245
- 23.2%
All Price Ranges
7,486
7,768
+ 3.8%
3,439
3,702
+ 7.6%
3,416
3,358
- 1.7%
By Bedroom Count
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
2 Bedrooms or Less
2,251
2,303
+ 2.3%
240
274
+ 14.2%
2,011
2,029
+ 0.9%
3 Bedrooms
3,736
3,796
+ 1.6%
2,524
2,679
+ 6.1%
1,212
1,117
- 7.8%
4 Bedrooms or More
1,248
1,392
+ 11.5%
1,117
1,260
+ 12.8%
131
132
+ 0.8%
All Bedroom Counts
7,486
7,768
+ 3.8%
3,439
3,702
+ 7.6%
3,416
3,358
- 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 5-2011
5-2011
199
192 166
168
By Property Type
By Bedroom Count
5-2012
174
176
182
211
5-2011
5-2012 195
216
196
5-2012 182
178
178
178 179 174
175 172
169
+ 1.0%
+ 10.2%
+ 3.6%
+ 12.0%
+ 2.3%
+ 0.3%
+ 5.7%
+ 0.6%
+ 5.6%
+ 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
5-2011
5-2012
$150,000 and Below
166
$150,001 to $200,000
174
$200,001 to $250,000
176
$250,001 to $300,000
178
$300,001 and Above All Price Ranges
By Bedroom Count
Single-Family Homes
Condos
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
168
+ 1.0%
159
171
+ 7.2%
171
166
- 3.0%
192
+ 10.2%
165
180
+ 9.3%
190
213
+ 12.4%
182
+ 3.6%
167
179
+ 7.4%
196
189
- 3.4%
199
+ 12.0%
172
192
+ 11.6%
190
220
+ 15.9%
211
216
+ 2.3%
219
216
- 1.5%
192
217
+ 12.8%
175
180
+ 3.2%
172
182
+ 5.6%
178
178
+ 0.5%
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
2 Bedrooms or Less
174
175
+ 0.3%
163
180
+ 10.9%
175
174
- 0.9%
3 Bedrooms
169
179
+ 5.7%
163
177
+ 8.4%
181
183
+ 1.0%
4 Bedrooms or More
195
196
+ 0.6%
194
192
- 0.9%
199
228
+ 14.7%
All Bedroom Counts
175
180
+ 3.2%
172
182
+ 5.6%
178
178
+ 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 5-2011
By Property Type 5-2011
5-2012 $266,995
5-2012 $170,000
$251,248
$145,000
$164,000
$138,000 $114,000
$155,000 $97,500
$108,000
$150,000
$90,000
- 7.7%
- 3.2%
- 5.9%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 4.8%
All Properties
- 3.5%
All Properties
Single-Family Homes
Single-Family Homes
- 5.3% Condos
Condos
By Bedroom Count
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
2 Bedrooms or Less
$97,500
$90,000
- 7.7%
$109,000
$95,000
- 12.8%
$96,000
$90,000
- 6.3%
3 Bedrooms
$155,000
$150,000
- 3.2%
$155,000
$148,693
- 4.1%
$155,000
$157,475
+ 1.6%
4 Bedrooms or More
$266,995
$251,248
- 5.9%
$261,990
$249,775
- 4.7%
$290,000
$310,000
+ 6.9%
All Bedroom Counts
$145,000
$138,000
- 4.8%
$170,000
$164,000
- 3.5%
$114,000
$108,000
- 5.3%
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 5-2011
5-2011
95.2%
By Property Type
By Bedroom Count
5-2012
95.1%
5-2011
5-2012
94.6%
95.4% 95.2%
94.7%
94.5%
94.9% 94.8%
5-2012 94.6%
94.1% 93.8% 93.8%
93.5% 93.5% 93.1%
93.6% 93.1%
93.3%
93.0%
0.0%
- 0.1%
- 0.1%
- 0.2%
+ 0.8%
- 0.1%
+ 0.1%
+ 0.3%
+ 0.1%
- 0.3%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
5-2011
5-2012
$150,000 and Below
93.5%
$150,001 to $200,000
95.2%
$200,001 to $250,000 $250,001 to $300,000
Single-Family Homes
Condos
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
93.5%
0.0%
93.7%
93.8%
+ 0.1%
93.5%
93.2%
- 0.3%
95.1%
- 0.1%
95.9%
95.7%
- 0.2%
94.0%
94.0%
0.0%
94.9%
94.8%
- 0.1%
95.6%
95.7%
+ 0.1%
93.5%
93.2%
- 0.3%
95.4%
95.2%
- 0.2%
96.2%
96.0%
- 0.2%
93.7%
93.3%
- 0.4%
$300,001 and Above
93.1%
93.8%
+ 0.8%
92.7%
93.7%
+ 1.1%
94.0%
94.0%
0.0%
All Price Ranges
94.0%
94.0%
0.0%
94.5%
94.6%
+ 0.1%
93.6%
93.3%
- 0.3%
By Bedroom Count
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
2 Bedrooms or Less
93.1%
93.0%
- 0.1%
91.9%
91.6%
- 0.3%
93.3%
93.2%
- 0.1%
3 Bedrooms
94.6%
94.7%
+ 0.1%
95.0%
95.1%
+ 0.1%
93.9%
93.8%
- 0.1%
4 Bedrooms or More
93.8%
94.1%
+ 0.3%
93.9%
94.1%
+ 0.2%
93.6%
93.8%
+ 0.2%
All Bedroom Counts
94.0%
94.0%
0.0%
94.5%
94.6%
+ 0.1%
93.6%
93.3%
- 0.3%
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range 5-2011
By Property Type
By Bedroom Count
5-2012
5-2011
5-2011
5-2012
5-2012
4,212
4,028
4,810
3,576
3,381
4,720 4,077
3,010
3,999
2,572 2,193
2,011
1,936
1,685
1,579 1,257 955
863
775
639
- 16.1%
- 20.4%
- 9.6%
- 17.5%
- 11.7%
- 14.6%
- 15.1%
- 16.2%
- 15.2%
- 15.3%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
$150,000 and Below
4,028
3,381
- 16.1%
1,464
1,143
- 21.9%
2,564
2,238
- 12.7%
$150,001 to $200,000
1,579
1,257
- 20.4%
873
696
- 20.3%
706
561
- 20.5%
$200,001 to $250,000
955
863
- 9.6%
559
530
- 5.2%
396
333
- 15.9%
$250,001 to $300,000
775
639
- 17.5%
471
397
- 15.7%
304
242
- 20.4%
$300,001 and Above
2,193
1,936
- 11.7%
1,443
1,311
- 9.1%
750
625
- 16.7%
All Price Ranges
9,530
8,076
- 15.3%
4,810
4,077
- 15.2%
4,720
3,999
- 15.3%
By Bedroom Count
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
2 Bedrooms or Less
3,010
2,572
- 14.6%
297
250
- 15.8%
2,713
2,322
- 14.4%
3 Bedrooms
4,212
3,576
- 15.1%
2,746
2,340
- 14.8%
1,466
1,236
- 15.7%
4 Bedrooms or More
2,011
1,685
- 16.2%
1,766
1,485
- 15.9%
245
200
- 18.4%
All Bedroom Counts
9,530
8,076
- 15.3%
4,810
4,077
- 15.2%
4,720
3,999
- 15.3%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.
By Price Range 5-2011
By Property Type
By Bedroom Count
5-2012
5-2011
5-2012
5-2011
5-2012
18.7 25.5
23.9
12.6 16.7 14.2
14.1
12.6
12.4
15.6
14.7
16.0
12.7
13.5
13.4
10.8 10.5
12.7
10.5
9.1
- 28.3%
- 25.3%
- 12.2%
- 24.4%
- 6.2%
- 21.5%
- 21.5%
- 27.9%
- 26.6%
- 18.5%
$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
5-2011
Single-Family Homes
Condos
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
$150,000 and Below
12.6
9.1
- 28.3%
11.8
7.1
- 39.6%
13.2
10.5
- 20.1%
$150,001 to $200,000
14.1
10.5
- 25.3%
12.7
9.0
- 29.2%
16.3
13.3
- 18.0%
$200,001 to $250,000
14.2
12.4
- 12.2%
12.6
11.2
- 10.5%
17.3
15.0
- 13.4%
$250,001 to $300,000
16.7
12.7
- 24.4%
15.1
11.5
- 23.5%
20.2
15.0
- 25.3%
$300,001 and Above
25.5
23.9
- 6.2%
24.1
21.9
- 9.1%
28.6
29.5
+ 3.3%
All Price Ranges
15.1
11.7
- 22.9%
14.7
10.8
- 26.6%
15.6
12.7
- 18.5%
By Bedroom Count
5-2011
5-2012
Change
5-2011
5-2012
Change
5-2011
5-2012
Change
2 Bedrooms or Less
16.0
12.6
- 21.5%
14.7
10.2
- 30.7%
16.2
12.9
- 20.3%
3 Bedrooms
13.4
10.5
- 21.5%
13.0
9.7
- 25.4%
14.2
12.5
- 12.0%
4 Bedrooms or More
18.7
13.5
- 27.9%
18.3
13.1
- 28.1%
22.8
17.1
- 24.8%
All Bedroom Counts
15.1
11.7
- 22.9%
14.7
10.8
- 26.6%
15.6
12.7
- 18.5%
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 | 7