View
220
Download
0
Tags:
Embed Size (px)
DESCRIPTION
Market Report for Feb 2012
Citation preview
Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
February 2012 Quick Facts
23456789
10111213Months Supply of Inventory
Median Sales PriceAverage Sales PricePercent of List Price ReceivedHousing Affordability IndexInventory of Homes for Sale
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
+ 11.5%Change in
Closed SalesSingle-Family Only
Click on desired metric to jump to that page.
It may be a Leap Year, but February is more of a Connect Month for reporting residential real estate data in 2012. That's because it's a buffer between the traditionally slow winter months and what is potentially going to be an interesting and encouraging spring selling season. But let's not look past brief but brassy February so quickly. After all, it grew a whole day taller this year. Let's give the oft-overlooked month its due because the numbers are mostly positive at first blush.
New Listings in the Coastal Carolinas region were down 11.1 percent for detached homes and 3.7 percent for condos. Pending Sales increased 43.7 percent for single-family homes and 17.4 percent for condos.
The Median Sales Price was up 3.9 percent to $171,500 for single-family properties but decreased 5.0 percent to $95,000 for condo units. Months Supply of Inventory decreased 25.0 percent for single-family units and 15.6 percent for townhouse-condo units.
Consumer confidence is as high as it has been in a year, and the Federal Reserve reported growth in all of its 12 banking districts in 2012 through the first half of February, including more hiring and home sales. There are still some challenges to work through, but pessimism is no longer in vogue. Laments over things like unemployment and high gas prices are being replaced with chatter about job prospects and sensible home shopping. The economy and housing market are by no means recovered, but it's okay to think positive.
+ 8.8%Change in
Closed SalesCondo Only
+ 10.2%Change in
Closed SalesAll Properties
Single-Family Market OverviewCondo Market OverviewNew ListingsPending SalesClosed SalesDays On Market Until Sale
Single-Family Market Overview
Key Metrics Historical Sparklines 2-2011 2-2012 + / – YTD 2011 YTD 2012 + / –
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
548 + 10.7%
131
4,836
159 188
144 + 7.8%
--
$201,343 $205,630 + 2.1%
$165,000 $171,500
$207,958
94.5% 95.2%
Housing Affordability Index
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent ofList Price Received
$209,009
252 281 + 11.5% 495
New Listings
Pending Sales
Closed Sales
- 7.1%
343 493 + 43.7% 637 861 + 35.2%
1,435774 688 - 11.1% 1,545
$160,350 $165,000
+ 1.1%
+ 18.4% 177 185 + 4.6%
+ 2.9%
+ 0.7% 94.2% 95.3%
- 0.5%
+ 3.9%
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
14.9
144 + 7.8%
- 15.2%
- 25.0%
4,101
11.2
131
--
-- --
--
--Months Supplyof Homes for Sale
Inventory of Homes for Sale
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
Condo Market Overview
Key Metrics Historical Sparklines 2-2011 2-2012 + / – YTD 2011 YTD 2012 + / –
Key market metrics for the current month and year-to-date figures for Condo Properties Only.
+ 1.2%
Pending Sales 333 391 + 17.4% 604 747 + 23.7%
New Listings 624 601 - 3.7% 1,272 1,287
+ 3.8%
Days on Market Until Sale 176 186 + 5.9% 181 185 + 2.2%
Closed Sales 239 260 + 8.8% 449 466
- 9.1%
Average Sales Price $125,572 $129,793 + 3.4% $134,006 $127,325 - 5.0%
Median Sales Price $100,000 $95,000 - 5.0% $104,500 $95,000
- 1.0%
Housing Affordability Index 203 238 + 20.6% 203 238 + 20.6%
Percent ofList Price Received
93.7% 93.3% - 0.4% 94.0% 93.0%
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
--
Months Supplyof Homes for Sale
15.9 13.4 - 15.6% -- -- --
Inventory of Homes for Sale 4,684 4,162 - 11.1% -- --
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
2-2009 2-2010 2-2011 2-2012
New Listings
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 904 - 9.8% 757 - 12.4%
April 741 - 21.2% 735 - 9.5%
May 690 - 14.6% 554 - 14.8%
June 737 - 7.4% 596 - 10.1%
July 650 - 18.5% 553 - 6.0%
August 715 - 5.2% 562 - 14.6%
September 605 - 14.4% 508 - 14.2%
October 635 - 5.4% 545 - 2.3%
November 602 - 2.1% 543 + 3.4%
December 454 - 8.7% 442 + 2.6%
January 747 - 3.1% 686 + 5.9%
February 688 - 11.1% 601 - 3.7%
Total 8,168 - 10.6% 7,227 - 6.7%
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 | 4
A count of the properties that have been newly listed on the market in a given month.
739 701
774
624
688
601
Single-Family Condo
February
0
250
500
750
1,000
1,250
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical New Listing Activity Single-Family Condo
-3.7% -11.0% -11.1% +4.7%
2012 2011 2010 2012 2011 2010
1,699
1,531 1,545
1,272
1,435
1,287
Single-Family Condo
Year to Date
+1.2% -16.9% -7.1% -9.1%
2012 2011 2010 2012 2011 2010
Pending Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 424 + 8.7% 399 + 18.0%
April 385 - 18.4% 381 + 3.0%
May 382 + 27.3% 324 + 10.6%
June 362 + 10.7% 283 - 11.0%
July 394 + 22.7% 275 + 1.1%
August 365 + 12.0% 344 + 6.2%
September 342 + 21.7% 262 - 10.6%
October 334 + 2.8% 268 - 13.5%
November 290 + 3.9% 245 + 0.4%
December 266 + 10.8% 204 + 14.0%
January 368 + 25.2% 356 + 31.4%
February 493 + 43.7% 391 + 17.4%
Total 4,405 + 13.0% 3,777 + 5.1%
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
A count of the properties on which contracts have been accepted in a given month.
325
262
343 333
493
391
Single-Family Condo
February
0
250
500
750
1,000
1,250
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Pending Sales Activity Single-Family Condo
+17.4% +27.1% +43.7% +5.5%
2012 2011 2010 2012 2011 2010
624
551
637 604
861
747
Single-Family Condo
Year to Date
+23.7% +9.6% +35.2% +2.1%
2012 2011 2010 2012 2011 2010
Closed Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 363 + 11.0% 379 + 9.5%
April 366 + 2.2% 372 + 16.3%
May 359 - 6.5% 353 + 8.0%
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%
October 340 + 17.6% 264 - 3.3%
November 336 + 31.8% 236 - 5.6%
December 322 - 2.1% 258 - 11.6%
January 267 + 9.9% 206 - 1.9%
February 281 + 11.5% 260 + 8.8%
Total 4,131 + 7.0% 3,593 + 1.4%
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 | 6
A count of the actual sales that have closed in a given month.
252
232
252 239
281
260
Single-Family Condo
February
0
250
500
750
1,000
1,250
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Closed Sales Activity Single-Family Condo
+8.8% +3.0% +11.5% 0.0%
2012 2011 2010 2012 2011 2010
459 444
495
449
548
466
Single-Family Condo
Year to Date
+3.8% +1.1% +10.7% +7.8%
2012 2011 2010 2012 2011 2010
Days on Market Until Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 184 + 5.2% 171 + 16.2%
April 182 + 3.8% 172 + 9.3%
May 162 - 0.1% 187 + 13.8%
June 184 + 13.9% 183 + 2.2%
July 182 + 7.8% 185 + 8.9%
August 174 + 8.8% 176 + 1.5%
September 178 + 3.1% 196 + 13.8%
October 200 + 10.2% 195 + 8.2%
November 183 + 7.0% 170 - 7.3%
December 176 + 0.3% 166 - 10.4%
January 182 - 7.1% 183 - 1.9%
February 188 + 18.4% 186 + 5.9%
Total 181 + 6.1% 181 + 4.7%
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 | 7
Average number of days between when a property is listed and when an offer is accepted in a given month.
188 199
159
176 188 186
Single-Family Condo
February
0
50
100
150
200
250
300
350
400
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Days on Market Until Sale Single-Family Condo
+5.9% -11.7% +18.4% -15.7%
2012 2011 2010 2012 2011 2010
182 193
177 181 185 185
Single-Family Condo
Year to Date
+2.2% -6.3% +4.6% -2.6%
2012 2011 2010 2012 2011 2010
Median Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 179,000 + 5.3% 109,950 - 8.4%
April 157,950 - 5.4% 100,000 - 15.9%
May 160,000 - 3.9% 110,000 - 9.1%
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%
October 167,487 - 9.2% 106,000 - 9.4%
November 157,500 - 12.9% 91,500 - 20.4%
December 163,596 - 0.9% 108,000 - 1.8%
January 159,900 + 2.5% 94,500 - 12.1%
February 171,500 + 3.9% 95,000 - 5.0%
Median 165,000 - 3.5% 107,900 - 8.6%
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 | 8
Median price point for all closed sales, not accounting for seller concessions, in a given month.
$187,500
$108,500
$165,000
$100,000
$171,500
$95,000
Single-Family Condo
February
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Median Sales Price Single-Family Condo
-5.0% -7.8% +3.9% -12.0%
2012 2011 2010 2012 2011 2010
$185,000
$120,000
$160,350
$104,500
$165,000
$95,000
Single-Family Condo
Year to Date
-9.1% -12.9% +2.9% -13.3%
2012 2011 2010 2012 2011 2010
Average Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 231,517 + 11.3% 143,768 + 0.9%
April 209,163 - 2.3% 129,908 - 13.9%
May 196,468 - 11.0% 149,441 + 0.5%
June 225,291 + 6.5% 146,627 - 1.1%
July 203,465 - 6.1% 145,251 - 8.6%
August 195,946 - 16.9% 123,658 - 16.2%
September 207,648 - 1.7% 137,638 + 0.3%
October 220,139 - 0.1% 154,652 + 2.1%
November 205,910 - 11.5% 131,910 - 17.3%
December 221,461 + 13.0% 133,374 - 4.5%
January 203,160 + 5.1% 124,268 - 13.4%
February 207,958 - 0.5% 129,793 + 3.4%
Average 194,935 - 1.1% 138,055 - 5.7%
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 | 9
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$227,284
$140,334
$209,009
$125,572
$207,958
$129,793
Single-Family Condo
February
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Average Sales Price Single-Family Condo
+ 3.4% - 10.5% - 0.5% - 8.0%
2012 2011 2010 2012 2011 2010
$222,433
$154,196
$201,343
$134,006
$205,630
$127,325
Single-Family Condo
Year to Date
- 5.0% - 13.1% + 2.1% - 9.5%
2012 2011 2010 2012 2011 2010
Percent of List Price Received
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 95.3% + 0.4% 93.5% + 0.1%
April 93.9% - 0.3% 93.9% - 0.7%
May 93.9% - 1.5% 93.8% - 0.6%
June 94.4% - 0.4% 93.3% - 0.3%
July 94.3% - 0.6% 91.9% - 2.7%
August 94.0% - 0.6% 94.9% + 1.5%
September 94.7% + 0.1% 93.2% + 0.5%
October 94.2% - 0.8% 92.0% - 1.5%
November 94.2% + 0.3% 93.7% + 1.0%
December 94.1% - 0.2% 93.1% - 0.6%
January 95.4% + 1.6% 92.6% - 1.8%
February 95.2% + 0.7% 93.3% - 0.4%
Average 88.7% - 0.3% 87.3% + 0.4%
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
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.
94.5% 94.4% 94.5% 93.7% 95.2% 93.3%
Single-Family Condo
February
90%
92%
94%
96%
98%
100%
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Percent of List Price Received Single-Family Condo
-0.4% -0.7% +0.7% -0.0%
2012 2011 2010 2012 2011 2010
94.1% 94.4% 94.2% 94.0% 95.3% 93.0%
Single-Family Condo
Year to Date
-1.0% -0.4% +1.1% +0.2%
2012 2011 2010 2012 2011 2010
Housing Affordability Index
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 123 + 12.9% 190 + 7.9%
April 138 - 2.1% 206 + 9.2%
May 138 + 7.8% 195 + 17.5%
June 128 + 8.1% 187 + 12.6%
July 138 - 3.3% 196 + 7.4%
August 141 + 13.5% 216 + 4.5%
September 142 + 18.8% 206 + 13.7%
October 138 + 6.6% 208 + 8.0%
November 147 + 10.7% 233 + 10.1%
December 142 + 14.4% 207 + 20.9%
January 148 + 4.6% 233 + 5.3%
February 144 + 7.8% 238 + 20.6%
Average 139 + 8.3% 210 + 11.5%
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.
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 | 11
116
188
131
203
144
238
Single-Family Condo
February
75
100
125
150
175
200
225
250
1-2008 1-2009 1-2010 1-2011 1-2012
Historical Housing Affordability Index Single-Family Condo
+20.6% +15.9% +7.8% +16.2%
2012 2011 2010 2012 2011 2010
116
188
131
203
144
238
Single-Family Condo
Year to Date
+20.6% +15.9% +7.8% +16.2%
2012 2011 2010 2012 2011 2010
Inventory of Homes for Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 4,928 - 6.0% 4,709 - 15.4%
April 4,884 - 7.4% 4,741 - 15.1%
May 4,823 - 9.6% 4,704 - 15.5%
June 4,817 - 9.1% 4,680 - 14.1%
July 4,719 - 10.9% 4,619 - 14.6%
August 4,671 - 10.6% 4,514 - 14.9%
September 4,557 - 11.5% 4,437 - 14.0%
October 4,519 - 10.7% 4,392 - 11.9%
November 4,488 - 10.3% 4,384 - 10.7%
December 4,206 - 11.2% 4,209 - 10.6%
January 4,212 - 11.5% 4,219 - 9.7%
February 4,101 - 15.2% 4,162 - 11.1%
Average 3,299 - 16.4% 4,238 - 11.0%
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 | 12
The number of properties available for sale in active status at the end of a given month.
5,180 5,512
4,836 4,684
4,101 4,162
Single-Family Condo
February
500
1,500
2,500
3,500
4,500
5,500
6,500
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Inventory of Homes for Sale Single-Family Condo
-11.1% -15.0% -15.2% -6.6%
2012 2011 2010 2012 2011 2010
Months Supply of Inventory
MonthSingle-Family
YoYChg.
CondoYoYChg.
March 15.0 - 9.7% 16 - 23.0%
April 15.2 - 5.3% 15.7 - 21.1%
May 14.7 - 9.7% 15.5 - 21.6%
June 14.6 - 9.2% 15.5 - 17.8%
July 14.0 - 12.3% 15.3 - 19.1%
August 13.8 - 13.5% 14.9 - 19.1%
September 13.2 - 16.8% 14.8 - 17.8%
October 13.1 - 16.6% 14.8 - 14.4%
November 13.0 - 16.0% 14.8 - 12.3%
December 12.1 - 17.5% 14.1 - 13.0%
January 11.9 - 19.3% 13.8 - 14.6%
February 11.2 - 25.0% 13.4 - 15.6%
Average 10.3 - 25.2% 13.5 - 15.3%
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 | 13
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.
16.9
20.6
14.9 15.9
11.2
13.4
Single-Family Condo
February
0
5
10
15
20
25
30
12-2004 12-2005 12-2006 12-2007 12-2008 12-2009 12-2010 12-2011
Historical Months Supply of Inventory Single-Family Condo
-15.6% -23.1% -25.0% -12.1%
2012 2011 2010 2012 2011 2010
February 2012 Quick Facts
$150,000 and Below 4 Bedrooms or More
234567
Percent of List Price ReceivedInventory of Homes for SaleMonths Supply of Inventory
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
Housing Supply Overview
+ 11.2% + 6.2%When anecdotal evidence echoes what the empirical data is telling us, it's wise to listen. For the 12-month period spanning March 2011 through February 2012, Closed Sales in the Coastal Carolinas region were up 4.5 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 11.2 percent.
The overall Median Sales Price was down 4.9 percent to $139,000. Single-Family Homes were down 3.5 percent while Townhouse-Condo properties were down 8.5 percent. The price range that tended to sell the quickest was the $150,000 and Below range at 171 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 13.2 percent. The property type that gained the most inventory was the Townhouse-Condo segment, where it remained flat. That amounts to 11.2 months supply for Single-Family homes and 13.4 months supply for Condos.
+ 9.0%
Click on desired metric to jump to that page.
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
Single-Family Homes
A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
Closed SalesDays on Market Until SaleMedian Sales Price
Closed Sales
By Price Range 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
$150,000 and Below 3,649 4,057 + 11.2% 1,414 1,679 + 18.7% 2,235 2,378 + 6.4%
$150,001 to $200,000 1,346 1,328 - 1.3% 868 847 - 2.4% 478 481 + 0.6%
$200,001 to $250,000 828 794 - 4.1% 561 529 - 5.7% 267 265 - 0.7%
$250,001 to $300,000 538 552 + 2.6% 352 380 + 8.0% 186 172 - 7.5%
$300,001 and Above 994 953 - 4.1% 667 696 + 4.3% 327 257 - 21.4%
All Price Ranges 7,355 7,684 + 4.5% 3,424 3,635 + 6.2% 3,314 3,378 + 1.9%
By Bedroom Count 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
2 Bedrooms or Less 2,204 2,270 + 3.0% 252 248 - 1.6% 1,952 2,022 + 3.6%
3 Bedrooms 3,661 3,784 + 3.4% 2,522 2,649 + 5.0% 1,139 1,135 - 0.4%
4 Bedrooms or More 1,244 1,356 + 9.0% 1,087 1,234 + 13.5% 157 122 - 22.3%
All Bedroom Counts 7,355 7,684 + 4.5% 3,424 3,635 + 6.2% 3,314 3,378 + 1.9%
A count of the actual sales that have closed. Based on a rolling 12-month total.
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
All Properties Single-Family Homes Condos
3,649
1,346
828 538
994
4,057
1,328
794 552
953
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
By Price Range 2-2011 2-2012
2,204
3,661
1,244
2,270
3,784
1,356
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 2-2011 2-2012
+ 11.2%
3,424
3,314
3,635
3,378
Single-Family Homes Condos
By Property Type 2-2011 2-2012
- 1.3% - 4.1% + 2.6% - 4.1% + 6.2% + 1.9% + 3.0% + 3.4% + 9.0%
Days on Market Until Sale
By Price Range 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
$150,000 and Below 160 171 + 6.5% 154 170 + 10.0% 164 171 + 4.3%
$150,001 to $200,000 170 188 + 10.2% 163 177 + 8.7% 183 206 + 12.6%
$200,001 to $250,000 176 178 + 1.5% 168 174 + 3.3% 191 187 - 2.1%
$250,001 to $300,000 180 196 + 9.2% 180 188 + 4.1% 179 220 + 23.0%
$300,001 and Above 212 216 + 1.7% 219 220 + 0.5% 197 204 + 3.8%
All Price Ranges 171 181 + 5.6% 171 181 + 6.1% 172 181 + 5.2%
By Bedroom Count 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
2 Bedrooms or Less 166 177 + 6.6% 160 175 + 9.3% 167 177 + 6.3%
3 Bedrooms 168 177 + 5.4% 162 175 + 7.7% 181 183 + 1.1%
4 Bedrooms or More 194 199 + 2.3% 193 196 + 1.5% 200 224 + 12.0%
All Bedroom Counts 171 181 + 5.6% 171 181 + 6.1% 172 181 + 5.2%
Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
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
All Properties Single-Family Homes Condos
160 170 176 180
212
171 188
178 196
216
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
By Price Range 2-2011 2-2012
166 168
194
177 177
199
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 2-2011 2-2012
+ 6.5%
171 172
181 181
Single-Family Homes Condos
By Property Type 2-2011 2-2012
+ 10.2% + 1.5% + 9.2% + 1.7% + 6.1% + 5.2% + 6.6% + 5.4% + 2.3%
Median Sales Price
By Bedroom Count 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
2 Bedrooms or Less $102,500 $90,800 - 11.4% $111,000 $95,000 - 14.4% $101,925 $90,000 - 11.7%
3 Bedrooms $155,000 $150,000 - 3.2% $156,450 $148,950 - 4.8% $150,000 $157,500 + 5.0%
4 Bedrooms or More $265,500 $255,000 - 4.0% $260,000 $250,508 - 3.7% $299,500 $280,000 - 6.5%
All Bedroom Counts $146,100 $139,000 - 4.9% $171,000 $165,000 - 3.5% $117,000 $107,000 - 8.5%
Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
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 | 4
All Properties Single-Family Homes Condos
$102,500
$155,000
$265,500
$90,800
$150,000
$255,000
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count 2-2011 2-2012
$146,100
$171,000
$117,000
$139,000
$165,000
$107,000
All Properties Single-Family Homes Condos
By Property Type 2-2011 2-2012
- 3.5% - 8.5% - 11.4% - 3.2% - 4.9% - 4.0%
Percent of List Price Received
By Price Range 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
$150,000 and Below 93.8% 93.3% - 0.5% 94.1% 93.5% - 0.6% 93.7% 93.2% - 0.5%
$150,001 to $200,000 95.3% 95.0% - 0.3% 95.9% 95.7% - 0.1% 94.4% 93.8% - 0.6%
$200,001 to $250,000 94.7% 94.8% + 0.1% 95.6% 95.7% + 0.1% 92.9% 93.2% + 0.2%
$250,001 to $300,000 94.8% 95.2% + 0.4% 95.8% 96.1% + 0.3% 92.8% 92.6% - 0.1%
$300,001 and Above 92.9% 93.6% + 0.7% 92.6% 93.4% + 0.9% 93.8% 94.2% + 0.4%
All Price Ranges 94.2% 93.9% - 0.3% 94.6% 94.4% - 0.2% 93.7% 93.3% - 0.4%
By Bedroom Count 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
2 Bedrooms or Less 93.2% 93.0% - 0.2% 92.1% 91.4% - 0.8% 93.3% 93.2% - 0.1%
3 Bedrooms 94.8% 94.6% - 0.1% 95.1% 95.0% - 0.0% 94.1% 93.7% - 0.4%
4 Bedrooms or More 94.0% 93.7% - 0.3% 94.0% 93.7% - 0.4% 93.7% 93.6% - 0.1%
All Bedroom Counts 94.2% 93.9% - 0.3% 94.6% 94.4% - 0.2% 93.7% 93.3% - 0.4%
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.
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
All Properties Single-Family Homes Condos
93.8%
95.3%
94.7% 94.8%
92.9%
93.3%
95.0% 94.8%
95.2%
93.6%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
By Price Range 2-2011 2-2012
93.2%
94.8%
94.0%
93.0%
94.6%
93.7%
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 2-2011 2-2012
- 0.5%
94.6%
93.7%
94.4%
93.3%
Single-Family Homes Condos
By Property Type 2-2011 2-2012
- 0.3% + 0.1% + 0.4% + 0.7% - 0.2% - 0.4% - 0.2% - 0.1% - 0.3%
Inventory of Homes for Sale
By Price Range 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
$150,000 and Below 4,082 3,385 - 17.1% 1,504 1,116 - 25.8% 2,578 2,269 - 12.0%
$150,001 to $200,000 1,587 1,287 - 18.9% 877 693 - 21.0% 710 594 - 16.3%
$200,001 to $250,000 951 892 - 6.2% 565 555 - 1.8% 386 337 - 12.7%
$250,001 to $300,000 760 652 - 14.2% 458 387 - 15.5% 302 265 - 12.3%
$300,001 and Above 2,140 2,047 - 4.3% 1,432 1,350 - 5.7% 708 697 - 1.6%
All Price Ranges 9,520 8,263 - 13.2% 4,836 4,101 - 15.2% 4,684 4,162 - 11.1%
By Bedroom Count 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
2 Bedrooms or Less 2,984 2,672 - 10.5% 278 269 - 3.2% 2,706 2,403 - 11.2%
3 Bedrooms 4,223 3,595 - 14.9% 2,763 2,296 - 16.9% 1,460 1,299 - 11.0%
4 Bedrooms or More 2,021 1,759 - 13.0% 1,794 1,536 - 14.4% 227 223 - 1.8%
All Bedroom Counts 9,520 8,263 - 13.2% 4,836 4,101 - 15.2% 4,684 4,162 - 11.1%
The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
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 | 6
All Properties Single-Family Homes Condos
4,082
1,587
951 760
2,140
3,385
1,287
892 652
2,047
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
By Price Range 2-2011 2-2012
2,984
4,223
2,021
2,672
3,595
1,759
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 2-2011 2-2012
- 17.1%
4,836
4,684
4,101 4,162
Single-Family Homes Condos
By Property Type 2-2011 2-2012
- 18.9% - 6.2% - 14.2% - 4.3% - 15.2% - 11.1% - 10.5% - 14.9% - 13.0%
Months Supply of Inventory
By Price Range 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
$150,000 and Below 13.2 9.3 - 29.7% 12.5 7.2 - 42.9% 13.6 10.8 - 20.2%
$150,001 to $200,000 14.0 11.0 - 21.6% 12.2 9.4 - 23.0% 17.2 13.7 - 20.2%
$200,001 to $250,000 14.0 13.2 - 5.7% 12.4 12.3 - 0.7% 17.3 15.0 - 13.3%
$250,001 to $300,000 17.0 13.6 - 20.0% 15.4 11.7 - 23.6% 20.1 17.6 - 12.7%
$300,001 and Above 25.4 25.6 + 1.0% 24.9 22.8 - 8.4% 26.4 33.7 + 27.8%
All Price Ranges 15.3 12.2 - 20.6% 14.9 11.2 - 25.0% 15.9 13.4 - 15.6%
By Bedroom Count 2-2011 2-2012 Change 2-2011 2-2012 Change 2-2011 2-2012 Change
2 Bedrooms or Less 16.1 13.4 - 16.6% 13.3 12.0 - 9.7% 16.4 13.6 - 17.3%
3 Bedrooms 13.6 10.7 - 21.5% 13.1 9.7 - 25.9% 14.8 13.1 - 11.5%
4 Bedrooms or More 19.2 14.8 - 22.9% 19.3 14.2 - 26.5% 18.4 20.9 + 13.6%
All Bedroom Counts 15.3 12.2 - 20.6% 14.9 11.2 - 25.0% 15.9 13.4 - 15.6%
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.
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 | 7
All Properties Single-Family Homes Condos
13.2 14.0 14.0
17.0
25.4
9.3 11.0
13.2 13.6
25.6
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
By Price Range 2-2011 2-2012
16.1
13.6
19.2
13.4
10.7
14.8
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 2-2011 2-2012
- 29.7%
14.9 15.9
11.2
13.4
Single-Family Homes Condos
By Property Type 2-2011 2-2012
- 21.6% - 5.7% - 20.0% + 1.0% - 25.0% - 15.6% - 16.6% - 21.5% - 22.9%