Grand Strand Market Report September 2012 Single Family Residential (SFR) sales activity continued its strong quarter as third quarter sales were up over 14% as compared to the third quarter of 2011. Although September SFR sales were seasonally down from August, September sales remained flat with September 2011. Year to Date (YTD), SFR sales are up 13% over 2011 and 18% from 2010. It is forecasted that SFR sales will grow for the fourth straight year as sales activity is back to 2004 levels. Throughout the third quarter, SFR inventory remained flat as the inventory is only down 1.77% from its 2011 level. As SFR inventory remains flat, distressed listings have declined for five consecutive months. After showing signs of stabilization, SFR median sales price declined to $159,900. This decline was primarily fueled by an unexpected drop in the non-distressed median sales price. Although one month does not make a trend, close monitoring of SFR median sales prices in the fourth quarter will determine if market prices have stabilized. Condo sales were down from August and the prior year levels. For the third quarter and YTD, condo sales were up 4.4% and 5.5%, respectively. The median sales price for condos continue to demonstrate some price stability as the median sales price was $105,000, a 4.4% decline from 2011. Another positive trend emerging in the condo market is the growing percentage of financed sales transactions as some financial institutions are crafting ‘common sense’ underwriting guidelines for the high net worth individuals acquiring these units.
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.
3,869
Georgetown Co. Total
3,972
Georgetown Co.
848
Residential Lot Horry Co.
392 Total
4,717
# Listings 1,872
Georgetown Co.
756 Total
4,364
2,628
Average List Price
$338,602
Average List Price
$187,937
Average List Price
$128,302
Median List Price
$219,900
Median List Price
$133,900
Median List Price
$61,950
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,136
86
Less than $100k
$150k - $250k
1,357
167
$250k - $500k
1,006
306
$500k - $1.0 MM $1 MM +
276 94
Horry Co.
G’town Co.
1,384
49
$100k - $150k
977
73
$150k - $200k
605
70
$200k - $400k
749
101
181 108
$400k -$750k
202
66
$750+
55
33
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
365
58
$25k - $50k
630
91
$50k - $75k
262
73
$75k-100k
188
108
$100k-175k
203
155
$175k -250k
100
120
$250k+
124
151
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,400
# of Listings
5,200 5,000
September 2011 4,802
September 2012 4,717
4,800 4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900
850
September 2011 809
September 2012 759
800 750 700 650 600
Research performed by SiteTech Systems
3
Grand Strand Condo Inventory Trends Grand Strand Condo Inventory 6,000
September 2011 4,866
# of Listings
5,500
September 2012 4,364
5,000 4,500 4,000 3,500 3,000
Grand Strand Distressed Condo Listings 1000 900
September 2011 816
850 800
September 2012 653
750 700 650
Research performed by SiteTech Systems
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
600 Sep-10
# of Distressed
950
4
Closed Sales - SFR Year to Date
September 333
329
3,197 2,828
2,706
295
2010
2011
2010
2012
2011
2012
Historical Activity 600
500
September 2005 557 September 2012 333
400
January 2009 149
300
200 100 Sep 05
Sep 06
Sep 07
Sep 08
Sep 09
Research performed by SiteTech Systems
Sep 10
Sep 11
Sep 12
5
Average Sales Price - SFR September
Year to Date
$224,498
$231,813
$222,500
$224,153
$215,842
$197,947
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 $225,000 $195,000 Sep 05
Sep 06
Sep 07
Sep 08
Sep 09
Research performed by SiteTech Systems
Sep 10
Sep 11
Sep 12
6
Median Sales Price - SFR Year to Date
September
$184,000 $179,950
$171,165
$173,000
$159,900
2010
2011
2012
2010
2011
$169,845
2012
Historical Activity $250,000 $240,000 $230,000
June 2006 $242,310
$220,000 $210,000 $200,000
September 2012 $159,900
$190,000 $180,000 $170,000 $160,000
$150,000 Sep 05
Sep 06
Sep 07
Sep 08
Sep 09
Research performed by SiteTech Systems
Sep 10
Sep 11
Sep 12
7
Median Sales Price – SFR Distressed & Non-Distressed $250,000
$225,000
$200,000
Non-Distressed
$175,000
Distressed Combined $150,000
$125,000
Research performed by SiteTech Systems
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-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 Sep-10
Dec-10
Mar-11
Jun-11
Sep-11
Dec-11
Mar-12
Research performed by SiteTech Systems
Jun-12
Sep-12
9
Research performed by SiteTech Systems Sep-12
Aug-12
Jul 12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
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%
10
Sold to List Price Ratio - SFR September
Year to Date 91%
91%
90%
89%
88%
88%
2010
2011
2010
2012
2011
2012
Historical Activity 99 97
Sept '05- Jan '06 98%
95
September 2012 91%
93 91 89 87
April 2011 86%
85 83 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
11
Closed Sales - Condo September
Year to Date 2,915
303
298
2,764
2010
2011
271
2,669
2012
2010
2011
2012
Historical Activity 1050 850
May 2006 845
September 2012 271
650
January 2009 117
450
250 50 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
12
Average Sales Price - Condo September $138,002
Year to Date $148,884
$137,401
$138,798 $134,511
$130,018
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
September 2012 $130,018
$150,000
$100,000 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
13
Median Sales Price - Condo September
Year to Date
$120,000
$117,495 $111,000
$109,000
$105,000
2010
2011
2010
2012
$104,250
2011
2012
Historical Activity $275,000
June 2007 $249,921
$225,000
$175,000
November 2011 $93,450
$125,000
$75,000 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
September 2012 $105,000
Sep-11
Sep-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
Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Ju1-12 Aug-12 Sep-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
Research performed by SiteTech Systems
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Jan-12
12-Feb
Dec-11
11-Nov
11-Oct
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Jan-11
Feb-11
Dec-10
Nov-10
Oct-10
Sep-10
$50,000
16
Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Sep 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-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 September
Year to Date
88% 88% 86%
86%
2010
2011
2012
86%
86%
2010
2011
2012
Historical Activity 105 100
Oct- Dec 2005 98%
September 2012 88%
95 90 85
April & May 2009 81%
80 75 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
18
Closed Sales – Residential Lot September
Year to Date 74
70
775
56
537 444
2010
2011
2010
2012
2011
2012
Historical Activity 310 260
April 2006 266
210
September 2012 70
160 110
January 2009 11
60
10 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
19
Average Sales Price – Residential Lot September
Year to Date
$78,978
$82,183 $71,361
$71,748 $53,624
2010
2011
$65,899
2010
2012
2011
2012
Historical Activity July 2008 $275,614
$300,000
Sepetmber 2012 $53,624
$250,000 $200,000
October 2011 $35,780
$150,000 $100,000 $50,000 $0 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
20
Median Sales Price – Residential Lot September
Year to Date $44,950
$50,000 $34,000
$35,000
2011
2012
2010
$35,125
$33,000
2011
2012
2010
Historical Activity $150,000 $125,000
November 2005 $136,770
September 2012 $35,000 November 2011 $15,000
$100,000 $75,000 $50,000 $25,000
$0 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
21
Median Sales Price – Res. Lot (Non-Distressed) September
Year to Date $55,000
$70,000
$55,000
$78,750
$45,100
$45,500
2010
2011
2012
2010
2011
2012
Historical Activity $90,000 $80,000 $70,000
Mar ‘10 & Jan ‘11 $85,000 September 2012 $45,500
$60,000 $50,000 $40,000 $30,000 $20,000
$10,000
October 2011 $23,250
$-
Research performed by SiteTech Systems
22
Sold to List Price Ratio – Residential Lot September
Year to Date 75%
75%
74%
73%
70%
66%
2010
2011
2012
2010
2011
2012
Historical Activity 110 100
Oct & Nov 2005 101% September 2012 75%
90 80 70
60
November 2011 47%
50 40 Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Research performed by SiteTech Systems
Sep-10
Sep-11
Sep-12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
678
Horry Co.
619
Horry Co.
306
Georgetown Co.
81
Georgetown Co.
34
Georgetown Co.
76
Total
Total
759
Total
653
Average List Price
$195,152
Average List Price
$118,374
Median List Price
$139,900
Median List Price
$89,900
382
Average List Price
$65,694
Median List Price
$33,925
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
406
30
$150k - $250k
159
25
$250k - $500k
84
17
$500k - $1.0 MM
26
7
$1 MM +
3
2
Horry Co.
G’town Co.
Less than $100k
375
14
$100k - $150k
105
4
$150k - $200k
67
5
$200k - $400k
63
3
$400k -$750k
9
8
$750+
-
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
129
9
$25k - $50k
88
18
$50k - $75k
34
10
$75k-100k
23
13
$100k-175k
20
15
$175k -250K
10
8
$250K +
7
4
24
Distressed Sales SFR
Total
Sep
Nov
Jan
Mar
May
July
Sep
Sep
Condo
Nov
Mar
May
July
Sep
% Total Sales 32 33
28
Sep
Jan
Nov
Jan
Mar
May
July
Sep
Sep
Nov
Research performed by SiteTech Systems
37 30
Jan
32 33
Mar
28 28 29 29 29 29
May
July
Sep
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
September 2012
Quick Facts
Most housing metrics should follow their usual, autumnal movements – higher inventory and days on market, fewer sales, lower prices. That applies only to monthto-month seasonal trends; most indicators should still show improvement on a yearover-year basis. As you already know, all real estate is local – down to the city neighborhood, suburban development and exurban lot. Let's dive into some local figures. New Listings in the Coastal Carolinas region were up 10.1 percent for detached homes but decreased 11.9 percent for condos. Pending Sales increased 34.3 percent for single-family homes and 47.9 percent for condos. The Median Sales Price was down 6.0 percent to $154,450 for single-family properties and 3.4 percent to $105,000 for condo units. Months Supply of Inventory decreased 25.3 percent for single-family units and 28.6 percent for townhousecondo units. Not to get negative like a political TV ad, but sluggish job growth, persistently high gas prices, drought-induced spikes in food prices and other global events could threaten consumer confidence. The Fed's mortgage purchases drove Freddie Mac's average 30-year fixed-rate mortgage survey to an all-time low of 3.40 percent. Employment growth remains critical, providing the very jobs that will stimulate housing demand and higher prices as well as alleviate beleaguered homeowners.
- 2.0%
+ 3.1%
- 8.1%
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 9-2009
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
6,660
+ 1.4%
341
458
+ 34.3%
3,288
3,968
+ 20.7%
353
364
+ 3.1%
3,081
3,474
+ 12.8%
178
152
- 14.6%
178
173
- 2.5%
$164,250
$154,450
- 6.0%
$165,000
$161,000
- 2.4%
$207,648
$189,419
- 8.8%
$208,589
$204,100
- 2.2%
94.7%
94.5%
- 0.1%
94.3%
95.1%
+ 0.8%
140
164
+ 7.4%
140
164
+ 7.4%
4,563
4,003
- 12.3%
--
--
--
13.3
9.9
- 25.3%
--
--
--
9-2012
Months Supply of Homes for Sale 9-2009
6,566
9-2012
Inventory of Homes for Sale 9-2009
+ 10.1%
9-2012
Housing Affordability Index +9-2009
664
9-2012
Percent of List Price Received 9-2009
603
9-2012
Average Sales Price 9-2009
+/–
9-2012
Median Sales Price 9-2009
YTD 2011 YTD 2012
9-2012
Days on Market Until Sale 9-2009
+/–
9-2012
Closed Sales 9-2009
9-2012
9-2012
Pending Sales 9-2009
9-2011
9-2012
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 9-2009
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
9-2010
9-2011
5,146
- 7.0%
263
389
+ 47.9%
2,833
3,300
+ 16.5%
298
274
- 8.1%
2,778
2,918
+ 5.0%
196
166
- 15.5%
181
173
- 4.1%
$108,750
$105,000
- 3.4%
$107,000
$104,000
- 2.8%
$137,638
$130,521
- 5.2%
$138,810
$135,467
- 2.4%
93.2%
94.3%
+ 1.2%
93.6%
93.8%
+ 0.2%
204
232
+ 8.6%
204
232
+ 8.6%
4,476
3,573
- 20.2%
--
--
--
15.1
10.8
- 28.6%
--
--
--
9-2012
Months Supply of Homes for Sale 9-2009
5,535
9-2012
Inventory of Homes for Sale 9-2009
- 11.9%
9-2012
Housing Affordability Index +9-2009
445
9-2012
Percent of List Price Received 9-2009
505
9-2012
Average Sales Price 9-2009
+/–
9-2012
Median Sales Price 9-2009
YTD 2011 YTD 2012
9-2012
Days on Market Until Sale 9-2009
+/–
9-2012
Closed Sales 9-2009
9-2012
9-2012
Pending Sales 9-2009
9-2011
9-2012
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.
September
Year to Date 7,497
707 664
6,566
603
6,660
6,354
591
5,535 505
5,146
445
2010
2011
2012
2010
-14.7%
+10.1%
Single-Family
2011
2012
-14.6%
-11.9%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
635
- 5.4%
544
- 2.3%
November
606
- 1.5%
559
+ 6.7%
December
455
- 8.1%
444
+ 3.5%
January
762
- 0.5%
694
+ 6.8%
February
702
- 8.8%
608
- 2.3%
March
805
- 10.8%
659
- 13.3%
April
740
0.0%
613
- 16.3%
Month
2011
2012
-12.4%
+1.4%
Single-Family
2010
2011
2012
-12.9%
-7.0%
May
806
+ 17.0%
604
+ 9.0%
June
743
+ 1.1%
503
- 15.9%
July
691
+ 6.5%
521
- 5.8%
August
747
+ 4.9%
499
- 11.1%
September
664
+ 10.1%
445
- 11.9%
8,356
+ 0.1%
6,817
- 5.0%
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.
September
Year to Date 458
3,968 389
341
2010
3,300
3,288 3,037 2,756
293
281
2,833
263
2011
2012
2010
+21.4%
+34.3%
Single-Family
2011
2012
-10.2%
+47.9%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
330
+ 1.5%
259
- 16.7%
November
297
+ 6.5%
235
- 3.7%
Month
2011
2012
+8.3%
+20.7%
Single-Family
2010
2011
2012
+2.8%
+16.5%
December
257
+ 7.5%
190
+ 7.3%
January
337
+ 14.6%
306
+ 12.9%
February
406
+ 18.7%
339
+ 1.8%
March
462
+ 8.5%
398
+ 0.3%
April
433
+ 12.2%
428
+ 14.4%
May
471
+ 22.3%
361
+ 14.2%
June
462
+ 26.6%
351
+ 25.4%
July
461
+ 17.3%
344
+ 27.4%
August
478
+ 34.3%
384
+ 16.7%
September
458
+ 34.3%
389
+ 47.9%
4,852
+ 17.5%
4,041
+ 12.0%
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.
September 353
Year to Date 364
3,474
322
304
298
2,952
3,081
274
2010
2011
2012
+9.6%
+3.1%
2010
Single-Family
2011
2012
-2.0%
-8.1%
2,673
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
343
+ 19.1%
265
- 2.9%
November
337
+ 32.2%
239
- 4.4%
December
323
- 1.8%
259
- 11.3%
January
273
+ 12.3%
210
0.0%
Month
2011
2012
+4.4%
+12.8%
Single-Family
2010
2,778
2,918
2011
2012
+3.9%
+5.0%
February
295
+ 17.1%
270
+ 13.0%
March
386
+ 6.6%
353
- 6.9%
April
367
+ 0.3%
352
- 5.4%
May
428
+ 18.9%
405
+ 14.7%
June
453
+ 11.9%
393
+ 10.7%
July
448
+ 28.4%
309
+ 8.8%
August
460
+ 17.6%
352
+ 22.2%
September
364
+ 3.1%
274
- 8.1%
4,477
+ 13.3%
3,732
+ 2.7%
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.
September
Year to Date 169
178
173
181 170
173
196 173
178
172
166
152
2010
2011
2012
+3.1%
-14.6%
Single-Family
2010
2011
2012
+13.8%
-15.5%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
199
+ 9.5%
195
+ 8.2%
November
182
+ 6.9%
169
- 7.7%
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 1.9%
Month
2011
2012
+4.9%
-2.5%
Single-Family
2010
2011
2012
+6.2%
-4.1%
February
185
+ 16.7%
184
+ 5.0%
March
177
- 3.6%
167
- 2.5%
April
176
- 3.4%
170
- 0.8%
May
182
+ 13.0%
170
- 9.3%
June
175
- 4.8%
183
- 0.2%
July
161
- 11.4%
171
- 7.8%
August
173
- 0.6%
172
- 2.6%
September
152
- 14.6%
166
- 15.5%
Total
176
- 0.7%
174
- 4.0%
Condo
Historical Days on Market Until Sale
Single-Family
Condo
400 350 300 250 200 150
+
100 50 0 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
September $170,000
Year to Date
$164,250
$175,000
$154,450
$165,000
$115,000
$108,750
$161,000
$119,570
$105,000
$107,000 $104,000
2010
2011
2012
-3.4%
-6.0%
2010
Single-Family
2011
2012
-5.4%
-3.4%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
167,475
- 8.9%
105,000
- 10.3%
November
157,090
- 13.1%
92,000
- 20.0%
Month
2011
2012
-5.7%
-2.4%
Single-Family
2010
2011
2012
-10.5%
-2.8%
December
162,248
- 1.7%
107,500
- 2.3%
January
159,900
+ 2.5%
93,500
- 13.0%
February
170,400
+ 3.3%
95,000
- 5.0%
March
160,899
- 9.6%
104,000
- 5.4%
April
158,000
+ 0.0%
115,000 + 15.0%
May
161,500
+ 0.9%
105,000
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
July
165,925
+ 2.3%
95,000
- 13.6%
August
167,000
+ 2.6%
101,000
+ 1.1%
September
154,450
- 6.0%
105,000
- 3.4%
Median
161,850
- 2.8%
105,000
- 4.5%
Condo
Historical Median Sales Price
Single-Family
Condo
$275,000 $250,000 $225,000 $200,000 $175,000 $150,000
+
$125,000 $100,000 $75,000 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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.
September
Year to Date $217,563
$211,212 $207,648
$208,589 $204,100
$189,419
$137,182 $137,638
2010
2011
2012
- 1.7%
- 8.8%
2010
Single-Family
$148,650 $130,521
2011
2012
+ 0.3%
- 5.2%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
219,828
- 0.1%
154,308
+ 1.9%
November
205,641
- 11.6%
132,004
- 17.3%
December
221,155 + 12.9%
132,909
- 4.8%
January
203,310
+ 5.2%
123,343
- 14.1%
February
205,042
- 1.9%
129,473
+ 3.1%
March
211,018
- 8.7%
130,685
- 9.1%
April
193,562
- 7.5%
143,400 + 10.4%
May
200,975
+ 2.3%
143,856
- 3.7%
June
215,154
- 4.5%
142,844
- 2.6%
July
205,757
+ 1.1%
135,746
- 6.5%
August
208,700
+ 6.7%
129,848
+ 5.0%
September
189,419
- 8.8%
130,521
- 5.2%
Average
187,822
- 3.7%
136,293
- 3.4%
Month
2011
2012
- 4.1%
- 2.2%
Single-Family
2010
$138,810 $135,467
2011
2012
- 6.6%
- 2.4%
Condo
Historical Average Sales Price
Single-Family
Condo
$350,000
$300,000
$250,000
$200,000
+
$150,000
$100,000 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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.
September 94.6%
2010
94.7%
Year to Date 94.5%
2011
2012
+0.1%
-0.1%
92.8%
2010
Single-Family
94.3%
93.2%
2011
2012
+0.4%
+1.2%
94.6%
2010
Condo
94.3%
95.1%
2011
2012
-0.3%
+0.8%
Single-Family
93.9%
2010
93.6%
93.8%
2011
2012
-0.3%
+0.2%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
94.2%
- 0.8%
92.0%
- 1.5%
November
94.2%
+ 0.4%
93.7%
+ 1.1%
December
94.1%
- 0.2%
93.2%
- 0.5%
January
95.5%
+ 1.6%
92.6%
- 1.8%
February
95.3%
+ 0.8%
93.3%
- 0.4%
March
94.6%
- 0.8%
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%
94.4%
+ 2.7%
August
94.5%
+ 0.5%
93.8%
- 1.2%
September
94.5%
- 0.1%
94.3%
+ 1.2%
Average
90.2%
+ 2.1%
88.2%
+ 1.5%
Condo
Historical Percent of List Price Received
Single-Family
Condo
100%
98%
96%
94%
+
92%
90% 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
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.
September
Year to Date 232 197
232
204
197
164 138
2010
138
2011
2012
+15.7%
+7.4%
Single-Family
204
164
140
2010
2011
2012
+10.7%
+8.6%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
140
+ 2.0%
211
+ 3.4%
November
147
+ 9.5%
233
+ 10.0%
December
144
+ 12.5%
208
+ 18.2%
January
148
+ 3.2%
235
+ 3.5%
Month
140
2011
2012
+15.7%
+7.4%
Single-Family
2010
2011
2012
+10.7%
+8.6%
February
144
+ 6.2%
237
+ 19.8%
March
150
+ 8.9%
222
+ 15.6%
April
152
+ 20.4%
205
+ 15.4%
May
150
+ 10.3%
220
- 0.7%
June
155
+ 8.4%
216
+ 13.0%
July
151
+ 20.0%
244
+ 14.5%
August
151
+ 8.6%
234
+ 22.8%
September
164
+ 7.4%
232
+ 8.6%
Average
150
+ 9.8%
225
+ 12.0%
Condo
Historical Housing Affordability Index
Single-Family
Condo
250 225 200 175 150
+
125 100 75 1-2008
1-2009
1-2010
1-2011
1-2012
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.
September 5,160
5,147 4,563
4,476 4,003 3,573
2010
2011 -11.3%
2010
2012
2011 -13.3%
-12.3%
Single-Family
2012 -20.2%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
4,537
- 10.3%
4,441
- 10.8%
November
4,510
- 9.8%
4,458
- 9.2%
December
4,242
- 10.4%
4,304
- 8.6%
January
4,304
- 9.5%
4,376
- 6.4%
February
4,302
- 10.9%
4,383
- 6.4%
March
4,290
- 12.7%
4,336
- 8.1%
April
4,290
- 12.0%
4,197
- 11.7%
May
4,266
- 11.3%
4,164
- 11.8%
June
4,243
- 11.8%
4,030
- 14.2%
July
4,143
- 12.1%
3,935
- 15.2%
August
4,110
- 12.0%
3,804
- 16.4%
September
4,003
- 12.3%
3,573
- 20.2%
Average
3,196
- 14.1%
3,654
- 19.7%
Condo
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.
September 18.0 15.9
15.1 13.3 10.8
9.9
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
October
13.2
- 16.1%
15
- 12.2%
November
13.0
- 15.6%
15.3
- 9.3%
Month
2011 -16.6% Single-Family
2012
2010
-25.3%
2011
2012
-16.2% Condo
-28.6%
December
12.2
- 16.7%
14.7
- 9.3%
January
12.3
- 16.8%
14.8
- 8.5%
February
12.1
- 18.9%
14.8
- 6.9%
March
11.9
- 20.6%
14.6
- 7.0%
April
11.8
- 22.4%
13.9
- 11.9%
May
11.5
- 21.7%
13.7
- 12.5%
June
11.2
- 23.0%
13.0
- 17.4%
July
10.8
- 23.0%
12.4
- 20.0%
August
10.4
- 24.4%
11.8
- 22.1%
September
9.9
- 25.3%
10.8
- 28.6%
Average
9.0
- 26.3%
10.9
- 28.3%
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
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
September 2012
Quick Facts
The foliage isn't the only thing changing this time of year. For the 12month period spanning October 2011 through September 2012, Closed Sales in the Coastal Carolinas region were up 8.1 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 12.0 percent. The overall Median Sales Price was down 1.4 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 2.8 percent to $161,850. The price range that tended to sell the quickest was the $150,000 and Below range at 164 days; the price range that tended to sell the slowest was the $300,001 and Above range at 211 days. Market-wide, inventory levels were down 16.2 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 12.3 percent. That amounts to 9.9 months supply for SingleFamily homes and 10.8 months supply for Condos.
+ 12.0%
+ 12.3%
+ 12.5%
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 9-2011
By Property Type
By Bedroom Count
9-2012
9-2011
9-2011
9-2012
3,915
4,082
4,392
9-2012
3,747
3,920
2,257
2,383 3,481
1,342
1,412
1,276 799
808
952 533
3,428
1,433
3,467
963
583
+ 12.0%
+ 5.2%
+ 1.1%
+ 9.4%
+ 1.2%
+ 5.6%
+ 8.9%
+ 12.3%
+ 12.5%
+ 1.1%
$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
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
$150,000 and Below
3,920
4,392
+ 12.0%
1,550
1,910
+ 23.2%
2,370
2,482
+ 4.7%
$150,001 to $200,000
1,342
1,412
+ 5.2%
833
918
+ 10.2%
509
494
- 2.9%
$200,001 to $250,000
799
808
+ 1.1%
537
532
- 0.9%
262
276
+ 5.3%
$250,001 to $300,000
533
583
+ 9.4%
366
406
+ 10.9%
167
177
+ 6.0%
$300,001 and Above
952
963
+ 1.2%
667
711
+ 6.6%
285
252
- 11.6%
7,546
8,158
+ 8.1%
3,481
3,915
+ 12.5%
3,428
3,467
+ 1.1%
All Price Ranges
By Bedroom Count
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
2 Bedrooms or Less
2,257
2,383
+ 5.6%
233
305
+ 30.9%
2,024
2,078
+ 2.7%
3 Bedrooms
3,747
4,082
+ 8.9%
2,564
2,869
+ 11.9%
1,183
1,213
+ 2.5%
4 Bedrooms or More
1,276
1,433
+ 12.3%
1,156
1,302
+ 12.6%
120
131
+ 9.2%
All Bedroom Counts
7,546
8,158
+ 8.1%
3,481
3,915
+ 12.5%
3,428
3,467
+ 1.1%
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 9-2011
By Property Type
By Bedroom Count
9-2012
9-2011
9-2011
9-2012
9-2012 181
197 214 169
184
180
164
176
182
195
211
192
195
177 176
178
175 171
173
174
- 3.2%
- 2.3%
+ 3.1%
- 0.1%
- 1.3%
- 3.9%
- 1.1%
- 2.7%
- 0.7%
- 4.0%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
$150,000 and Below
169
164
- 3.2%
165
166
+ 0.4%
172
162
- 5.7%
$150,001 to $200,000
184
180
- 2.3%
176
167
- 4.7%
199
204
+ 2.3%
$200,001 to $250,000
176
182
+ 3.1%
167
179
+ 7.2%
194
186
- 4.0%
$250,001 to $300,000
195
195
- 0.1%
180
193
+ 7.4%
232
202
- 13.1%
$300,001 and Above
214
211
- 1.3%
221
209
- 5.5%
197
221
+ 11.8%
All Price Ranges
179
175
- 2.3%
177
176
- 0.7%
181
174
- 4.0%
By Bedroom Count
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
2 Bedrooms or Less
178
171
- 3.9%
176
175
- 0.5%
178
170
- 4.4%
3 Bedrooms
175
173
- 1.1%
170
170
+ 0.0%
186
181
- 3.0%
4 Bedrooms or More
197
192
- 2.7%
194
190
- 2.2%
223
209
- 6.1%
All Bedroom Counts
179
175
- 2.3%
177
176
- 0.7%
181
174
- 4.0%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 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 9-2011
By Property Type 9-2011
9-2012
9-2012 $166,500
$255,000
$252,000
$140,000
$161,850
$138,000 $110,000
$151,000 $96,000
$105,000
$149,900
$88,250
- 8.1%
- 0.7%
- 1.2%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 1.4%
All Properties
- 2.8%
All Properties
Single-Family Homes
Single-Family Homes
- 4.5% Condos
Condos
By Bedroom Count
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
2 Bedrooms or Less
$96,000
$88,250
- 8.1%
$100,000
$95,000
- 5.0%
$95,050
$87,500
- 7.9%
3 Bedrooms
$151,000
$149,900
- 0.7%
$151,000
$147,900
- 2.1%
$152,250
$157,500
+ 3.4%
4 Bedrooms or More
$255,000
$252,000
- 1.2%
$251,000
$249,650
- 0.5%
$285,000
$321,000
+ 12.6%
All Bedroom Counts
$140,000
$138,000
- 1.4%
$166,500
$161,850
- 2.8%
$110,000
$105,000
- 4.5%
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 | 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 9-2011
9-2011
95.3%
By Property Type
By Bedroom Count
9-2012
9-2011
9-2012
94.9%
95.6%
95.4%
95.2% 94.8%
95.0%
95.1%
94.6%
94.0% 93.3%
94.5%
94.3%
93.6%
93.7% 93.4%
9-2012
93.2%
93.5%
93.6%
93.1%
+ 0.3%
+ 0.1%
+ 0.4%
+ 0.5%
+ 0.8%
- 0.1%
+ 0.4%
+ 1.0%
+ 0.6%
+ 0.1%
$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
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
$150,000 and Below
93.4%
93.7%
+ 0.3%
93.5%
94.1%
+ 0.6%
93.3%
93.4%
+ 0.1%
$150,001 to $200,000
95.3%
95.4%
+ 0.1%
95.8%
96.1%
+ 0.3%
94.4%
94.1%
- 0.3%
$200,001 to $250,000
94.8%
95.2%
+ 0.4%
95.4%
96.1%
+ 0.7%
93.6%
93.5%
- 0.1%
$250,001 to $300,000
95.1%
95.6%
+ 0.5%
96.2%
96.0%
- 0.2%
92.5%
94.7%
+ 2.4%
$300,001 and Above
93.3%
94.0%
+ 0.8%
92.8%
94.1%
+ 1.4%
94.6%
93.9%
- 0.7%
All Price Ranges
93.9%
94.3%
+ 0.4%
94.3%
94.9%
+ 0.6%
93.5%
93.6%
+ 0.1%
By Bedroom Count
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
2 Bedrooms or Less
93.2%
93.1%
- 0.1%
91.8%
91.9%
+ 0.1%
93.3%
93.2%
- 0.1%
3 Bedrooms
94.6%
95.0%
+ 0.4%
94.9%
95.3%
+ 0.4%
94.0%
94.1%
+ 0.1%
4 Bedrooms or More
93.6%
94.5%
+ 1.0%
93.6%
94.6%
+ 1.1%
93.6%
94.1%
+ 0.5%
All Bedroom Counts
93.9%
94.3%
+ 0.4%
94.3%
94.9%
+ 0.6%
93.5%
93.6%
+ 0.1%
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 9-2011
By Property Type
By Bedroom Count
9-2012
9-2011
9-2011
9-2012
4,563
4,027
3,827
9-2012 4,476 4,003
3,323
3,139
3,573
2,830 2,089 1,432
1,219
954
792
737
2,354 1,911
1,826
1,689
600
- 18.0%
- 14.9%
- 17.0%
- 18.6%
- 12.6%
- 16.8%
- 17.5%
- 11.6%
- 12.3%
- 20.2%
$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
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
$150,000 and Below
3,827
3,139
- 18.0%
1,392
1,145
- 17.7%
2,435
1,994
- 18.1%
$150,001 to $200,000
1,432
1,219
- 14.9%
780
681
- 12.7%
652
538
- 17.5%
$200,001 to $250,000
954
792
- 17.0%
575
519
- 9.7%
379
273
- 28.0%
$250,001 to $300,000
737
600
- 18.6%
450
377
- 16.2%
287
223
- 22.3%
$300,001 and Above
2,089
1,826
- 12.6%
1,366
1,281
- 6.2%
723
545
- 24.6%
All Price Ranges
9,039
7,576
- 16.2%
4,563
4,003
- 12.3%
4,476
3,573
- 20.2%
By Bedroom Count
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
2 Bedrooms or Less
2,830
2,354
- 16.8%
305
237
- 22.3%
2,525
2,117
- 16.2%
3 Bedrooms
4,027
3,323
- 17.5%
2,584
2,251
- 12.9%
1,443
1,072
- 25.7%
4 Bedrooms or More
1,911
1,689
- 11.6%
1,673
1,514
- 9.5%
238
175
- 26.5%
All Bedroom Counts
9,039
7,576
- 16.2%
4,563
4,003
- 12.3%
4,476
3,573
- 20.2%
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 9-2011
By Property Type
By Bedroom Count
9-2012
9-2011
9-2012
9-2011
15.1
16.8
26.1
15.2
13.3
21.3
13.2
12.6
15.9 11.5 7.9
9.0
14.0 9.5
11.0
10.8
9.9
10.9 12.5
9-2012
11.7
- 31.7%
- 23.8%
- 21.4%
- 26.6%
- 18.5%
- 28.1%
- 28.7%
- 21.1%
- 25.3%
- 28.6%
$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
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
$150,000 and Below
11.5
7.9
- 31.7%
10.2
6.6
- 35.8%
$150,001 to $200,000
12.5
9.5
- 23.8%
10.7
8.3
- 22.7%
$200,001 to $250,000
14.0
11.0
- 21.4%
12.6
10.9
$250,001 to $300,000
15.9
11.7
- 26.6%
14.0
10.4
$300,001 and Above
26.1
21.3
- 18.5%
23.5
All Price Ranges
14.1
10.3
- 27.0%
By Bedroom Count
9-2012
Change
12.4
8.9
- 28.5%
15.6
11.8
- 24.7%
- 13.8%
16.8
11.3
- 32.9%
- 25.9%
20.1
14.7
- 27.0%
20.0
- 15.0%
33.0
25.2
- 23.7%
13.3
9.9
- 25.3%
15.1
10.8
- 28.6%
9-2011
9-2012
Change
9-2011
9-2012
Change
9-2011
9-2012
Change
2 Bedrooms or Less
15.2
10.9
- 28.1%
16.1
8.6
- 46.9%
15.1
11.3
- 25.3%
3 Bedrooms
12.6
9.0
- 28.7%
11.7
8.7
- 25.8%
14.7
9.7
- 33.8%
4 Bedrooms or More
16.8
13.2
- 21.1%
16.1
13.0
- 19.3%
24.2
16.0
- 33.8%
All Bedroom Counts
14.1
10.3
- 27.0%
13.3
9.9
- 25.3%
15.1
10.8
- 28.6%
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 | 7