Grand Strand Market Report November 2012 The sales momentum from the third quarter and October carried into November. For November, Single Family Residential (SFR) sale activity was strong as sales volume was up 12.6% as compared to November, 2011. Year to date (YTD), SFR sales are up 15.6% versus comparable 2011 levels. Coupled with strong sales, SFR inventory continued its seasonal decline and is flat to last year’s inventory level. Distressed SFR listings continued to decline, falling for the seventh straight month. Offsetting strong sales, the median sales price of SFR sales fell to $154,950 for November. For 2012, the median sales price of SFRs is off 3.15% as compared to 2011. Similar to SFR, condo sales activity was very strong. For November, condo sales were up 28.4% as compared to November, 2011. The recent strong months of sales have resulted in condo sales being up 10.5% versus YTD 2011. Condo inventory continued to decline, falling for the eight straight month. The current inventory of condos is down 12.3% versus 2011 levels. Condo sales prices have stabilized and were up slightly in November at $105,500. YTD, condo sales prices are at $104,000, a 3.7% drop since 2011. The affordability of residential lots resulted in 114 lot sales in November. YTD, residential lot sales are up 40% while the median sales price is flat 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.
3,724
Georgetown Co. Total
3,748
Georgetown Co.
842
Residential Lot Horry Co.
380 Total
4,566
# Listings 1,819
Georgetown Co.
742 Total
4,128
2,561
Average List Price
$338,474
Average List Price
$188,441
Average List Price
$126,425
Median List Price
$224,900
Median List Price
$132,950
Median List Price
$60,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,052
88
Less than $100k
$150k - $250k
1,347
188
$250k - $500k
977
291
$500k - $1.0 MM $1 MM +
260 88
Horry Co.
G’town Co.
1,305
49
$100k - $150k
914
81
$150k - $200k
593
67
$200k - $400k
684
93
159 116
$400k -$750k
200
61
$750+
52
29
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
322
58
$25k - $50k
654
85
$50k - $75k
261
79
$75k-100k
180
107
$100k-175k
190
142
$175k -250k
93
129
$250k+
119
142
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,200
November 2012 4,566
# of Listings
5,000
4,800
November 2011 4,568
4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900 850 800
November 2011 760
November 2012 689
750 700 650 600
Research performed by SiteTech Systems
3
Grand Strand Condo Inventory Trends # of Listings
Grand Strand Condo Inventory 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
November 2011 4,710
November 2012 4,128
Grand Strand Distressed Condo Listings 1000 950 # of Distressed
900 850
November 2011 783
800
November 2012 626
750 700 650 600
Research performed by SiteTech Systems
4
Closed Sales - SFR Year to Date
November 356
316 243
2010
2011
2012
3,213
3,447
2010
2011
3,986
2012
Historical Activity 550 500
450
March 2005 500
November 2012 356
400 350
300 250 200
January 2009 149
150
100 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
5
Average Sales Price - SFR November
Year to Date
$246,602
$212,797
$232,900 $200,137
$224,184 $213,890
2010
2011
2012
2010
2011
2012
Historical Activity $375,000
March 2007 $346,428
$345,000 $315,000 $285,000
September 2012 $197,947
$255,000
November 2012 $200,137
$225,000 $195,000 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
6
Median Sales Price - SFR Year to Date
November $188,345
$163,800
$185,000
$154,950
$172,425
2010
2011
2010
2012
2011
$167,000
2012
Historical Activity $250,000 $240,000
June 2006 $242,310
$230,000 $220,000 $210,000 $200,000
September 2012 November 2012 $154,950 $159,900
$190,000
$180,000 $170,000 $160,000
$150,000 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 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
$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
$175,000
Cash Conventional Combined
$165,000
$155,000
$145,000
$135,000
$125,000
Research performed by SiteTech Systems
9
SFR Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
40.0%
% Cash % Conventional
30.0%
20.0%
10.0%
0.0%
Research performed by SiteTech Systems
10
Sold to List Price Ratio - SFR November
Year to Date 91%
91% 88%
89%
87%
2010
2011
88%
2010
2012
2011
2012
Historical Activity 99 97
Nov '05- Jan '06 98% November 2012 91%
95 93 91 89 87
April 2011 86%
85 83 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
11
Closed Sales - Condo November
Year to Date 3,604 303
250
236
3,192
2010
2011
2012
2010
3,263
2011
2012
Historical Activity 1050 850
May 2006 845
November 2012 303
650
January 2009 117
450 250 50 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
12
Average Sales Price - Condo November
Year to Date
$156,626 $130,017
$149,616
$135,000
$139,319
$134,080
2010
2011
2010
2012
2011
2012
Historical Activity $400,000
June 2007 $348,053
$350,000
$300,000 $250,000
December 2010 $105,000
$200,000
November 2012 $135,000
$150,000
$100,000 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
13
Median Sales Price - Condo November
Year to Date
$120,000 $115,000
2010
$94,900
2011
$105,500
$108,000
2010
2012
$104,000
2011
2012
Historical Activity $275,000
June 2007 $249,921
$225,000
$175,000
November 2011 $93,450
$125,000
$75,000 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
November 2012 $105,500
Nov 12
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
$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
$50,000
Research performed by SiteTech Systems
16
Condo Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
40.0%
% Cash % Conventional
30.0%
20.0%
10.0%
0.0%
Research performed by SiteTech Systems
17
Sold to List Price Ratio - Condo November
Year to Date 88% 88%
86%
87%
85% 84%
2010
2011
2012
2010
2011
2012
Historical Activity 105
100
Nov & Dec 2005 98%
November 2012 87%
95
April & May 2009 81%
90 85
80 75 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
18
Closed Sales – Residential Lot November
Year to Date 114
991
89
708 532 42
2010
2011
2010
2012
2011
2012
Historical Activity 310 260
April 2006 266
210
November 2012 114
160
January 2009 11
110 60
10 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
19
Average Sales Price – Residential Lot November
Year to Date
$85,520
$114,210 $63,350
$64,427
2011
2012
$56,000
$38,122
2010
2011
2010
2012
Historical Activity July 2008 $275,614
$300,000 $250,000
November 2012 October 2011 $56,000
$200,000 $150,000
$35,780
$100,000 $50,000 $0 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
20
Median Sales Price – Residential Lot November
Year to Date $44,900
$40,000 $24,000
$30,000
$30,000
2011
2012
$15,500
2010
2011
2012
2010
Historical Activity $150,000 $125,000
November 2005 $136,770
$100,000
November 2011 $15,000
$75,000
November 2012 $24,000
$50,000 $25,000
$0 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
21
Median Sales Price – Res. Lot (Non-Distressed) November
Year to Date $55,000
$43,750
2010
$25,500
$25,750
2011
2012
2010
$46,500
$42,900
2011
2012
Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
January 2011 $85,000
October 2011 $23,250
Research performed by SiteTech Systems
November 2012 $25,750
22
Sold to List Price Ratio – Residential Lot November
Year to Date
72%
70% 75%
47%
71% 67%
2010
2011
2012
2010
2011
2012
Historical Activity 110 100
November 2005 101%
November 2012 70%
90 80 70 60
November 2011 47%
50
40 Nov 05
Nov 06
Nov 07
Nov 08
Nov 09
Research performed by SiteTech Systems
Nov 10
Nov 11
Nov 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
614
Horry Co.
590
Horry Co.
261
Georgetown Co.
75
Georgetown Co.
36
Georgetown Co.
87
Total
Total
689
Total
626
Average List Price
$196,967
Average List Price
$118,214
Median List Price
$145,000
Median List Price
$89,900
348
Average List Price
$67,901
Median List Price
$35,350
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
347
25
$150k - $250k
162
28
$250k - $500k
77
15
$500k - $1.0 MM
24
6
$1 MM +
4
1
Horry Co.
G’town Co.
Less than $100k
356
15
$100k - $150k
103
7
$150k - $200k
62
6
$200k - $400k
60
2
$400k -$750k
8
6
$750+
1
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
86
17
$25k - $50k
97
21
$50k - $75k
34
9
$75k-100k
13
16
$100k-175k
15
12
$175k -250K
10
8
$250K +
6
4
24
Distressed Sales SFR
Total
Nov
Jan
Mar
May
Jul
Sept
Nov
Nov
Condo
Jan
Mar
May
Jul
Sept
Nov
% Total Sales 33
37
30
32 33
28 28 29 29 29 29 23
Nov
Jan
Mar
May
Jul
Sept
Nov
Nov
Jan
Research performed by SiteTech Systems
Mar
May
Jul
Sept
25
Nov
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
November 2012
Quick Facts
This November, there was a lot to be thankful for. Home buyers were thankful for historically low mortgage rates and still-affordable prices. Sellers were thankful for increased sales, less competition and faster market times. Both parties can be thankful for the slow yet steady economic recovery. Challenges persist, to be sure, going into 2013, but there's more reason for optimism than pessimism. Here's the local scoop. New Listings in the Coastal Carolinas region were up 5.0 percent for detached homes but decreased 18.4 percent for condos. Pending Sales increased 53.8 percent for single-family homes and 32.8 percent for condos. The Median Sales Price was down 4.4 percent to $150,250 for single-family properties but increased 13.6 percent to $104,500 for condo units. Months Supply of Inventory decreased 30.3 percent for single-family units and 32.9 percent for townhouse-condo units. There are three primary avenues to housing recovery: better market fundamentals, improved market composition and more jobs. Many communities are enjoying better fundamentals, such as higher demand and less supply. But many areas are also experiencing a lower overall share of distressed sales activity. In the month ahead, continue to watch hiring and unemployment trends.
+ 18.9%
+ 13.4%
+ 26.8%
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 11-2009
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2009
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
8,054
+ 3.2%
299
460
+ 53.8%
3,917
4,838
+ 23.5%
337
382
+ 13.4%
3,761
4,326
+ 15.0%
182
161
- 12.0%
180
170
- 5.7%
$157,090
$150,250
- 4.4%
$165,000
$160,000
- 3.0%
$205,641
$191,356
- 6.9%
$209,355
$202,018
- 3.5%
94.2%
95.6%
+ 1.5%
94.3%
95.2%
+ 1.0%
147
167
+ 13.9%
147
167
+ 13.9%
4,509
3,854
- 14.5%
--
--
--
13.0
9.1
- 30.3%
--
--
--
11-2012
Months Supply of Homes for Sale 11-2009
7,802
11-2012
Inventory of Homes for Sale 11-2009
+ 5.0%
11-2012
Housing Affordability Index +
635
11-2012
Percent of List Price Received 11-2009
605
11-2012
Average Sales Price 11-2009
+/–
11-2012
Median Sales Price 11-2009
YTD 2011 YTD 2012
11-2012
Days on Market Until Sale 11-2009
+/–
11-2012
Closed Sales 11-2009
11-2012
11-2012
Pending Sales 11-2009
11-2011
11-2012
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 11-2009
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
11-2009
11-2010
11-2011
11-2010
11-2011
11-2010
11-2011
6,169
- 7.1%
235
312
+ 32.8%
3,330
3,902
+ 17.2%
239
303
+ 26.8%
3,284
3,604
+ 9.7%
169
188
+ 11.5%
181
175
- 3.2%
$92,000
$104,500
+ 13.6%
$106,000
$103,100
- 2.7%
$132,004
$135,447
+ 2.6%
$139,507
$134,932
- 3.3%
93.7%
93.4%
- 0.3%
93.5%
93.7%
+ 0.3%
233
233
+ 11.2%
233
233
+ 11.2%
4,461
3,491
- 21.7%
--
--
--
15.3
10.2
- 32.9%
--
--
--
11-2012
Months Supply of Homes for Sale 11-2009
6,639
11-2012
Inventory of Homes for Sale 11-2009
- 18.4%
11-2012
Housing Affordability Index +
456
11-2012
Percent of List Price Received 11-2009
559
11-2012
Average Sales Price 11-2009
+/–
11-2012
Median Sales Price 11-2009
YTD 2011 YTD 2012
11-2012
Days on Market Until Sale 11-2009
+/–
11-2012
Closed Sales 11-2009
11-2012
11-2012
Pending Sales 11-2009
11-2011
11-2012
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.
November 615
605
Year to Date 635
8,781 524
559
7,802
8,054 7,433 6,639
456
2010
2011
2012
-1.6%
+5.0%
Single-Family
2010
2011
2012
+6.7%
-18.4%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
456
- 7.7%
444
+ 3.5%
January
761
- 0.7%
697
+ 7.2%
February
702
- 8.8%
608
- 2.3%
March
804
- 10.9%
658
- 13.4%
Month
2011
2012
-11.1%
+3.2%
Single-Family
2010
6,169
2011
2012
-10.7%
-7.1%
April
742
+ 0.3%
617
- 15.8%
May
805
+ 17.2%
601
+ 8.5%
June
752
+ 2.3%
503
- 15.9%
July
691
+ 6.6%
521
- 5.8%
August
756
+ 6.2%
502
- 10.5%
September
682
+ 13.1%
455
- 9.9%
October
724
+ 14.2%
551
+ 1.3%
November
635
+ 5.0%
456
- 18.4%
8,510
+ 2.6%
6,730
- 6.6%
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
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.
November
Year to Date 460 4,838
280
312
299
3,917
3,902 3,311
244
2010
3,643
2011
2012
+6.8%
+53.8%
Single-Family
2010
3,330
235
2011
2012
-3.7%
+32.8%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
258
+ 7.9%
191
+ 7.9%
January
336
+ 14.3%
304
+ 12.2%
Month
2011
2012
+7.5%
+23.5%
Single-Family
2010
2011
2012
+0.6%
+17.2%
February
411
+ 20.5%
337
+ 1.5%
March
471
+ 10.6%
396
- 0.3%
April
434
+ 12.4%
427
+ 13.9%
May
474
+ 23.1%
357
+ 13.0%
June
455
+ 24.7%
345
+ 23.7%
July
432
+ 9.6%
340
+ 25.5%
August
447
+ 25.6%
369
+ 11.8%
September
405
+ 18.8%
353
+ 34.2%
October
513
+ 55.5%
362
+ 38.7%
November
460
+ 53.8%
312
+ 32.8%
5,096
+ 22.6%
4,154
+ 17.0%
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
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.
November
Year to Date 4,326
382 3,761
337
255
2010
250
2011
2012
+32.2%
+13.4%
Single-Family
2010
3,604
3,495
303
3,196
3,284
239
2011
2012
-4.4%
+26.8%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
323
- 1.8%
259
- 11.3%
January
273
+ 12.3%
210
0.0%
February
296
+ 17.5%
270
+ 13.0%
March
386
+ 6.6%
354
- 6.6%
Month
2011
2012
+7.6%
+15.0%
Single-Family
2010
2011
2012
+2.8%
+9.7%
April
368
+ 0.5%
355
- 4.8%
May
428
+ 18.9%
405
+ 14.7%
June
454
+ 12.1%
393
+ 10.7%
July
451
+ 29.2%
311
+ 9.5%
August
467
+ 19.4%
354
+ 22.5%
September
398
+ 12.7%
290
- 2.7%
October
423
+ 23.3%
359
+ 35.5%
November
382
+ 13.4%
303
+ 26.8%
4,649
+ 13.7%
3,920
+ 8.3%
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
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.
November
Year to Date
171
2011
2012
+6.9%
-12.0%
Single-Family
171
169
161
2010
188
183
182
2010
2011
2012
-7.7%
+11.5%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 1.9%
Month
180 170
2011
2012
+5.6%
-5.7%
Single-Family
172
2010
181
175
2011
2012
+5.2%
-3.2%
Condo
February
185
+ 16.4%
184
+ 5.0%
March
177
- 3.6%
166
- 2.7%
April
176
- 3.5%
170
- 1.0%
May
182
+ 13.0%
170
- 9.3%
June
175
- 4.7%
183
- 0.2%
July
161
- 11.4%
170
- 8.3%
August
172
- 1.2%
172
- 2.5%
September
150
- 15.8%
166
- 15.1%
October
156
- 21.7%
183
- 6.4%
November
161
- 12.0%
188
+ 11.5%
Total
170
- 5.2%
175
- 3.7%
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.
November
Year to Date
$180,850
$175,000 $157,090
$165,000
$160,000
$150,250
$118,500
$115,000
$106,000 $103,100
$104,500 $92,000
2010
2011
2012
-13.1%
-4.4%
2010
Single-Family
2011
2012
-20.0%
+13.6%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
162,248
- 1.7%
107,500
- 2.3%
January
159,900
+ 2.5%
93,500
- 13.0%
February
170,450
+ 3.3%
95,000
- 5.0%
March
160,899
- 9.6%
103,550
- 5.8%
April
158,000
+ 0.0%
115,500 + 15.5%
May
161,500
+ 0.9%
105,000
- 4.5%
June
157,954
- 11.3%
110,000
- 6.4%
July
165,713
+ 2.1%
95,000
- 13.6%
August
166,550
+ 2.3%
101,000
+ 1.1%
September
154,900
- 5.7%
102,000
- 6.2% - 2.4%
Month
2011
2012
-5.7%
-3.0%
Single-Family
2010
2011
2012
-10.5%
-2.7%
Condo
Historical Median Sales Price
October
159,250
- 4.9%
102,500
November
150,250
- 4.4%
104,500 + 13.6%
Median
160,000
- 3.0%
105,000
Single-Family
- 4.1%
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.
November
Year to Date
Month
$232,638 $218,866 $205,641
$209,355
$191,356
$202,018
$159,554
$149,735 $132,004 $135,447
2010
2011
2012
- 11.6%
- 6.9%
2010
Single-Family
2011
2012
- 17.3%
+ 2.6%
2010
Condo
2011
2012
- 4.3%
- 3.5%
Single-Family
2010
$139,507 $134,932
2011
2012
- 6.8%
- 3.3%
Condo
Historical Average Sales Price
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
221,155 + 12.9%
132,909
- 4.8%
January
203,310
+ 5.2%
123,343
- 14.1%
February
205,050
- 1.9%
129,473
+ 3.1%
March
210,954
- 8.8%
130,487
- 9.2%
April
193,804
- 7.3%
143,335 + 10.5%
May
200,975
+ 2.3%
143,856
- 3.7%
June
215,079
- 4.5%
142,844
- 2.6%
July
205,680
+ 1.1%
135,300
- 6.9%
August
208,210
+ 6.4%
129,686
+ 5.1%
September
188,760
- 9.1%
128,631
- 6.5%
October
196,468
- 10.6%
132,647
- 14.0%
November
191,356
- 6.9%
135,447
+ 2.6%
Average
186,083
- 4.2%
134,807
- 3.3%
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.
November
Year to Date 94.6%
93.8%
2010
94.2%
95.6%
2011
2012
+0.4%
+1.5%
Single-Family
92.7%
2010
93.7%
94.3%
95.2%
93.7%
93.5%
93.7%
93.4%
2011
2012
+1.1%
-0.3%
2010
Condo
2011
2012
-0.3%
+1.0%
Single-Family
2010
2011
2012
-0.3%
+0.3%
Condo
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
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
94.5%
- 0.8%
92.9%
- 0.6%
April
95.0%
+ 1.2%
94.7%
+ 0.9%
May
95.3%
+ 1.5%
93.7%
- 0.1%
June
96.1%
+ 1.9%
93.9%
+ 0.6%
July
94.9%
+ 0.6%
94.3%
+ 2.6%
August
94.6%
+ 0.7%
93.9%
- 1.1%
September
94.7%
+ 0.1%
94.0%
+ 0.9%
October
95.6%
+ 1.4%
93.9%
+ 2.1%
November
95.6%
+ 1.5%
93.4%
- 0.3%
Average
90.7%
+ 2.6%
88.4%
+ 1.4%
Historical Percent of List Price Received
Single-Family
Condo
100%
98%
96%
94%
+
92%
90% 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
November
Year to Date 233
233
233
197 167
167 147
131
2010
233
197
147 131
2011
2012
+9.5%
+13.9%
Single-Family
2010
2011
2012
+10.0%
+11.2%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
144
+ 12.5%
208
+ 18.2%
January
148
+ 3.2%
235
+ 3.5%
Month
2011
2012
+9.5%
+13.9%
Single-Family
2010
2011
2012
+10.0%
+11.2%
Condo
Historical Housing Affordability Index
February
144
+ 6.2%
237
+ 19.8%
March
150
+ 8.9%
223
+ 15.6%
April
152
+ 20.4%
204
+ 15.8%
May
150
+ 10.3%
220
- 1.0%
June
155
+ 8.4%
216
+ 13.0%
July
151
+ 20.1%
244
+ 14.5%
August
151
+ 8.7%
234
+ 22.8%
September
163
+ 7.7%
237
+ 8.6%
October
159
+ 16.4%
235
+ 16.2%
November
167
+ 13.9%
233
+ 11.2%
Average
153
+ 11.4%
227
+ 13.2%
Single-Family
Condo
250 225 200 175 150
+
125 100 75 1-2008
1-2009
1-2010
1-2011
1-2012
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
November 5,000
4,909
4,509
4,461 3,854
2010
2011 -9.8% Single-Family
3,491
2010
2012
2011 -9.1% Condo
-14.5%
2012 -21.7%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
4,241
- 10.4%
4,306
- 8.5%
January
4,303
- 9.5%
4,382
- 6.2%
February
4,301
- 10.9%
4,391
- 6.3%
March
4,288
- 12.8%
4,347
- 7.8%
April
4,288
- 12.0%
4,214
- 11.4%
May
4,264
- 11.4%
4,181
- 11.5%
June
4,255
- 11.5%
4,054
- 13.8%
July
4,183
- 11.2%
3,965
- 14.6%
August
4,194
- 10.2%
3,858
- 15.3%
September
4,160
- 8.8%
3,690
- 17.6%
October
3,996
- 11.9%
3,595
- 19.1%
November
3,854
- 14.5%
3,491
- 21.7%
Average
3,040
- 17.2%
3,557
- 21.5%
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.
November 16.8 15.4
15.3 13.0 10.2
9.1
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
December
12.2
- 16.7%
15
- 9.4%
January
12.2
- 16.8%
14.8
- 8.5%
Month
2011 -15.6% Single-Family
2012
2010
-30.3%
2011 -9.3% Condo
2012 -32.9%
February
12.0
- 19.1%
14.8
- 6.8%
March
11.9
- 20.9%
14.7
- 6.8%
April
11.7
- 22.8%
14.0
- 11.5%
May
11.4
- 22.1%
13.7
- 12.0%
June
11.2
- 23.0%
13.1
- 16.7%
July
10.9
- 21.9%
12.6
- 19.0%
August
10.7
- 22.0%
12.1
- 20.4%
September
10.5
- 20.7%
11.3
- 24.9%
October
9.7
- 26.1%
10.7
- 29.2%
November
9.1
- 30.3%
10.2
- 32.9%
Average
8.2
- 32.2%
10.3
- 32.9%
Historical Months Supply of Inventory
Single-Family
Condo
30
25
20
15
10
+
5
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 13
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
November 2012
Quick Facts
There was a lot to be thankful for this November. Home buyers can be thankful for ultra-low mortgage rates while sellers can be thankful for a slow yet steady recovery. For the 12-month period spanning December 2011 through November 2012, Closed Sales in the Coastal Carolinas region were up 11.0 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 14.7 percent. The overall Median Sales Price was down 1.7 percent to $137,500. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.0 percent to $160,000. The price range that tended to sell the quickest was the $150,000 and Below range at 161 days; the price range that tended to sell the slowest was the $300,001 and Above range at 204 days. Market-wide, inventory levels were down 18.1 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 14.5 percent. That amounts to 9.1 months supply for SingleFamily homes and 10.2 months supply for Condos.
+ 14.7%
+ 12.5%
+ 13.3%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$150,000 and Below
3 Bedrooms
Single-Family Homes
Closed Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory
2 3 4 5 6 7
Click on desired metric to jump to that page.
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1
Closed Sales A count of the actual sales that have closed. Based on a rolling 12-month total.
By Price Range 11-2011
By Property Type
By Bedroom Count
11-2012
11-2011
11-2011
11-2012 4,278
4,630
4,076
3,804
4,036
2,259
1,330
2,514
1,335 832
951 546
3,639
3,597
1,474 803
11-2012
3,406
1,452
965
611
+ 14.7%
+ 10.8%
+ 3.6%
+ 11.9%
+ 1.5%
+ 11.3%
+ 12.5%
+ 8.8%
+ 13.3%
+ 6.8%
$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 By Price Range
Single-Family Homes
Condos
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
$150,000 and Below
4,036
4,630
+ 14.7%
1,661
2,010
+ 21.0%
2,375
2,620
+ 10.3%
$150,001 to $200,000
1,330
1,474
+ 10.8%
837
958
+ 14.5%
493
516
+ 4.7%
$200,001 to $250,000
803
832
+ 3.6%
528
547
+ 3.6%
275
285
+ 3.6%
$250,001 to $300,000
546
611
+ 11.9%
385
425
+ 10.4%
161
186
+ 15.5%
$300,001 and Above
951
965
+ 1.5%
679
709
+ 4.4%
272
256
- 5.9%
7,666
8,512
+ 11.0%
3,597
4,076
+ 13.3%
3,406
3,639
+ 6.8%
All Price Ranges
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
2,259
2,514
+ 11.3%
241
321
+ 33.2%
2,018
2,193
+ 8.7%
3 Bedrooms
3,804
4,278
+ 12.5%
2,632
3,005
+ 14.2%
1,172
1,273
+ 8.6%
4 Bedrooms or More
1,335
1,452
+ 8.8%
1,217
1,322
+ 8.6%
118
130
+ 10.2%
All Bedroom Counts
7,666
8,512
+ 11.0%
3,597
4,076
+ 13.3%
3,406
3,639
+ 6.8%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 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 11-2011
11-2011
11-2011
11-2012
189 161
174
177
184
192
181
204
197
11-2012
201
221
169
By Property Type
By Bedroom Count
11-2012
180 186 175
178
176 170
170
170
- 4.7%
- 7.8%
+ 4.2%
+ 2.6%
- 7.4%
- 4.2%
- 3.0%
- 7.5%
- 5.2%
- 3.7%
$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
11-2011
11-2012
Change
11-2011
11-2012
$150,000 and Below
169
161
- 4.7%
167
$150,001 to $200,000
189
174
- 7.8%
179
$200,001 to $250,000
177
184
+ 4.2%
$250,001 to $300,000
192
197
+ 2.6%
$300,001 and Above
221
204
All Price Ranges
181
By Bedroom Count
Condos
Change
11-2011
11-2012
Change
160
- 4.2%
171
163
- 5.0%
160
- 10.7%
206
202
- 2.2%
170
179
+ 5.3%
191
195
+ 2.0%
181
193
+ 6.5%
220
208
- 5.5%
- 7.4%
226
200
- 11.6%
206
218
+ 6.0%
172
- 4.5%
180
170
- 5.2%
181
175
- 3.7%
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
178
170
- 4.2%
174
166
- 4.5%
178
171
- 4.1%
3 Bedrooms
176
170
- 3.0%
172
165
- 3.8%
184
183
- 1.0%
4 Bedrooms or More
201
186
- 7.5%
198
183
- 7.6%
224
208
- 7.1%
All Bedroom Counts
181
172
- 4.5%
180
170
- 5.2%
181
175
- 3.7%
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 | 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 11-2011
By Property Type 11-2011
11-2012
11-2012 $165,000
$251,500
$250,000
$139,900
$160,000
$137,500 $109,000
$150,000 $94,900
$105,000
$149,385
$89,500
- 5.7%
- 0.4%
- 0.6%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 1.7%
All Properties
- 3.0%
All Properties
Single-Family Homes
Single-Family Homes
- 3.7% Condos
Condos
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
$94,900
$89,500
- 5.7%
$99,450
$92,000
- 7.5%
$94,500
$89,000
- 5.8%
3 Bedrooms
$150,000
$149,385
- 0.4%
$149,000
$148,000
- 0.7%
$155,000
$151,000
- 2.6%
4 Bedrooms or More
$251,500
$250,000
- 0.6%
$249,990
$246,500
- 1.4%
$285,000
$294,500
+ 3.3%
All Bedroom Counts
$139,900
$137,500
- 1.7%
$165,000
$160,000
- 3.0%
$109,000
$105,000
- 3.7%
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 11-2011
By Property Type
By Bedroom Count
11-2012
11-2011
11-2011
11-2012 95.1%
95.8%
95.6%
95.4%
95.2% 94.8%
11-2012
95.1%
94.9%
94.6% 94.8%
94.3% 94.3% 93.5%
93.9% 93.5%
93.3%
93.7% 93.5%
93.2% 93.1%
+ 0.6%
+ 0.4%
+ 0.6%
+ 1.1%
+ 0.9%
- 0.1%
+ 0.5%
+ 1.5%
+ 0.8%
+ 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
Single-Family Homes
Condos
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
$150,000 and Below
93.3%
93.9%
+ 0.6%
93.4%
94.3%
+ 1.0%
93.3%
93.5%
+ 0.2%
$150,001 to $200,000
95.2%
95.6%
+ 0.4%
95.8%
96.4%
+ 0.6%
94.2%
94.3%
+ 0.1%
$200,001 to $250,000
94.8%
95.4%
+ 0.6%
95.5%
96.2%
+ 0.7%
93.5%
93.9%
+ 0.4%
$250,001 to $300,000
94.8%
95.8%
+ 1.1%
95.8%
96.3%
+ 0.5%
92.2%
94.5%
+ 2.5%
$300,001 and Above
93.5%
94.3%
+ 0.9%
93.2%
94.2%
+ 1.1%
94.3%
94.3%
0.0%
All Price Ranges
93.9%
94.5%
+ 0.6%
94.3%
95.1%
+ 0.8%
93.5%
93.7%
+ 0.2%
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
93.2%
93.1%
- 0.1%
91.7%
91.9%
+ 0.2%
93.3%
93.3%
0.0%
3 Bedrooms
94.6%
95.1%
+ 0.5%
94.9%
95.5%
+ 0.6%
94.0%
94.2%
+ 0.2%
4 Bedrooms or More
93.5%
94.9%
+ 1.5%
93.5%
95.0%
+ 1.6%
93.3%
94.5%
+ 1.3%
All Bedroom Counts
93.9%
94.5%
+ 0.6%
94.3%
95.1%
+ 0.8%
93.5%
93.7%
+ 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 11-2011
By Property Type
By Bedroom Count
11-2012
11-2011
11-2011
11-2012
4,509
4,027
3,837
11-2012 4,461 3,854
3,172
3,029
3,491
2,831 2,048 1,419
1,189
949
772
717
2,264 1,858
1,802
1,680
553
- 21.1%
- 16.2%
- 18.7%
- 22.9%
- 12.0%
- 20.0%
- 21.2%
- 9.6%
- 14.5%
- 21.7%
$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
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
$150,000 and Below
3,837
3,029
- 21.1%
1,378
1,071
- 22.3%
2,459
1,958
- 20.4%
$150,001 to $200,000
1,419
1,189
- 16.2%
770
659
- 14.4%
649
530
- 18.3%
$200,001 to $250,000
949
772
- 18.7%
578
522
- 9.7%
371
250
- 32.6%
$250,001 to $300,000
717
553
- 22.9%
428
358
- 16.4%
289
195
- 32.5%
$300,001 and Above
2,048
1,802
- 12.0%
1,355
1,244
- 8.2%
693
558
- 19.5%
All Price Ranges
8,970
7,345
- 18.1%
4,509
3,854
- 14.5%
4,461
3,491
- 21.7%
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
2,831
2,264
- 20.0%
314
232
- 26.1%
2,517
2,032
- 19.3%
3 Bedrooms
4,027
3,172
- 21.2%
2,567
2,133
- 16.9%
1,460
1,039
- 28.8%
4 Bedrooms or More
1,858
1,680
- 9.6%
1,627
1,488
- 8.5%
231
192
- 16.9%
All Bedroom Counts
8,970
7,345
- 18.1%
4,509
3,854
- 14.5%
4,461
3,491
- 21.7%
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 | 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 11-2011
11-2011
26.0
12.7 8.9
7.3
11-2011
15.3 12.8
12.7
13.0 10.2 9.1
8.1 9.7
11-2012
16.3
10.3
15.6
14.5
11-2012
15.3 20.8
11.4
By Property Type
By Bedroom Count
11-2012
10.3
- 35.6%
- 29.8%
- 32.9%
- 33.9%
- 20.0%
- 32.8%
- 36.0%
- 21.9%
- 30.3%
- 32.9%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
11-2011
11-2012
Change
$150,000 and Below
11.4
7.3
$150,001 to $200,000
12.7
8.9
$200,001 to $250,000
14.5
$250,001 to $300,000
15.6
$300,001 and Above
26.0
All Price Ranges
By Bedroom Count
Condos
11-2011
11-2012
Change
11-2011
11-2012
Change
- 35.6%
9.8
5.9
- 40.2%
- 29.8%
10.7
7.7
- 27.4%
12.5
8.5
- 32.1%
16.4
11.0
- 33.1%
9.7
- 32.9%
13.3
9.6
- 27.5%
10.3
- 33.9%
13.2
9.7
- 26.5%
16.9
9.9
- 41.3%
21.4
11.7
20.8
- 20.0%
23.6
19.0
- 45.3%
- 19.4%
32.7
26.6
- 18.8%
14.0
9.6
- 31.7%
13.0
9.1
- 30.3%
15.3
10.2
- 32.9%
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
15.3
10.3
- 32.8%
15.3
8.2
- 46.2%
15.3
10.6
- 30.9%
3 Bedrooms
12.7
8.1
- 36.0%
11.6
7.7
- 33.2%
15.3
9.0
- 40.8%
4 Bedrooms or More
16.3
12.8
- 21.9%
15.7
12.3
- 21.1%
23.7
17.3
- 26.9%
All Bedroom Counts
14.0
9.6
- 31.7%
13.0
9.1
- 30.3%
15.3
10.2
- 32.9%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7