may 2012 market reports
DESCRIPTION
Combined market reports from May, 2012TRANSCRIPT
Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
May 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
+ 12.5%Change in
Closed SalesSingle-Family Only
Click on desired metric to jump to that page.
Spring has brought both change and clarity to our local market. Some sellers are seeing competing bids on their properties which have lead to modest price gains. Buyers have fewer options from which to choose in many submarkets. Headlines and sound bites can often mask regional variability. With fewer distressed properties selling, prices are effectively “melting up” due to less downward pressure. May looked pretty good all around.
New Listings in the Coastal Carolinas region were up 14.9 percent for detached homes and 6.9 percent for condos. Pending Sales increased 42.1 percent for single-family homes and 31.5 percent for condos.
The Median Sales Price was up 0.6 percent to $161,000 for single-family properties but decreased 3.6 percent to $106,000 for condo units. Months Supply of Inventory decreased 26.6 percent for single-family units and 18.5 percent for townhouse-condo units.
In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major housing-related bills or policy shifts are unlikely.
+ 9.9%Change in
Closed SalesCondo Only
+ 11.2%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 5-2011 5-2012 + / – YTD 2011 YTD 2012 + / –
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
1,716 + 8.3%
138
4,810
161 185
154 + 11.5%
--
$208,978 $202,997 - 2.9%
$160,000 $161,000
$201,515
93.9% 95.2%
Housing Affordability Index
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent ofList Price Received
$196,421
360 405 + 12.5% 1,584
New Listings
Pending Sales
Closed Sales
- 2.2%
385 547 + 42.1% 1,836 2,212 + 20.5%
3,781689 792 + 14.9% 3,868
$161,770 $161,000
+ 0.8%
+ 15.0% 176 181 + 2.9%
- 0.5%
+ 1.4% 94.3% 95.1%
+ 2.6%
+ 0.6%
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 | 2
14.7
154 + 11.5%
- 15.2%
- 26.6%
4,077
10.8
138
--
-- --
--
--Months Supplyof Homes for Sale
Inventory of Homes for Sale
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
Condo Market Overview
Key Metrics Historical Sparklines 5-2011 5-2012 + / – YTD 2011 YTD 2012 + / –
Key market metrics for the current month and year-to-date figures for Condo Properties Only.
- 4.6%
Pending Sales 317 417 + 31.5% 1,692 1,945 + 15.0%
New Listings 554 592 + 6.9% 3,320 3,166
+ 0.9%
Days on Market Until Sale 187 171 - 8.7% 178 174 - 2.1%
Closed Sales 353 388 + 9.9% 1,553 1,567
- 0.1%
Average Sales Price $149,441 $145,596 - 2.6% $138,877 $136,260 - 1.9%
Median Sales Price $110,000 $106,000 - 3.6% $105,000 $104,900
- 0.2%
Housing Affordability Index 195 224 + 0.6% 195 224 + 0.6%
Percent ofList Price Received
93.8% 93.7% - 0.1% 93.8% 93.6%
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 | 3
--
Months Supplyof Homes for Sale
15.6 12.7 - 18.5% -- -- --
Inventory of Homes for Sale 4,720 3,999 - 15.3% -- --
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
5-2009 5-2010 5-2011 5-2012
New Listings
MonthSingle-Family
YoYChg.
CondoYoYChg.
June 735 - 7.7% 597 - 10.0%
July 649 - 18.7% 551 - 6.1%
August 715 - 5.3% 562 - 14.6%
September 607 - 14.1% 508 - 14.0%
October 636 - 4.9% 545 - 2.3%
November 603 - 2.0% 551 + 5.2%
December 454 - 8.5% 443 + 2.8%
January 758 - 1.2% 693 + 6.6%
February 698 - 9.4% 610 - 2.1%
March 800 - 11.3% 663 - 12.6%
April 733 - 0.9% 608 - 17.2%
May 792 + 14.9% 592 + 6.9%
Total 8,180 - 6.0% 7,058 - 5.6%
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.
807
650 689
554
792
592
Single-Family Condo
May
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
+6.9% -14.8% +14.9% -14.6%
2012 2011 2010 2012 2011 2010
4,448
3,855 3,868
3,320
3,781
3,166
Single-Family Condo
Year to Date
-4.6% -13.9% -2.2% -13.0%
2012 2011 2010 2012 2011 2010
Pending Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
June 365 + 11.6% 279 - 12.3%
July 391 + 23.0% 272 0.0%
August 361 + 10.7% 330 + 1.9%
September 345 + 22.3% 263 - 10.2%
October 326 0.0% 264 - 14.8%
November 294 + 5.4% 232 - 5.3%
December 248 + 3.8% 189 + 6.8%
January 331 + 12.6% 320 + 18.1%
February 400 + 16.3% 346 + 4.2%
March 474 + 11.0% 414 + 4.3%
April 460 + 19.2% 448 + 19.5%
May 547 + 42.1% 417 + 31.5%
Total 4,542 + 15.5% 3,826 + 4.2%
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.
300 291
385
317
547
417
Single-Family Condo
May
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
+31.5% +8.9% +42.1% +28.3%
2012 2011 2010 2012 2011 2010
1,787
1,549
1,836 1,692
2,212
1,945
Single-Family Condo
Year to Date
+15.0% +9.2% +20.5% +2.7%
2012 2011 2010 2012 2011 2010
Closed Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
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 341 + 18.0% 265 - 2.9%
November 336 + 31.8% 239 - 4.4%
December 323 - 1.8% 259 - 11.3%
January 273 + 12.3% 210 0.0%
February 293 + 16.3% 270 + 13.0%
March 382 + 5.2% 350 - 7.7%
April 363 - 0.8% 349 - 6.2%
May 405 + 12.5% 388 + 9.9%
Total 4,213 + 8.5% 3,597 - 1.4%
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.
384
327
360 353
405 388
Single-Family Condo
May
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
+9.9% +8.0% +12.5% -6.3%
2012 2011 2010 2012 2011 2010
1,527 1,437
1,584 1,553
1,716
1,567
Single-Family Condo
Year to Date
+0.9% +8.1% +8.3% +3.7%
2012 2011 2010 2012 2011 2010
Days on Market Until Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
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 + 10.0% 195 + 8.2%
November 183 + 7.1% 169 - 7.7%
December 176 + 0.3% 165 - 10.7%
January 183 - 6.7% 183 - 2.1%
February 186 + 17.1% 184 + 5.0%
March 177 - 4.2% 167 - 2.2%
April 176 - 3.0% 171 - 0.4%
May 185 + 15.0% 171 - 8.7%
Total 182 + 5.6% 178 + 0.2%
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.
162 164 161
187 185
171
Single-Family Condo
May
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
-8.7% +13.8% +15.0% -0.4%
2012 2011 2010 2012 2011 2010
173 167
176 178 181 174
Single-Family Condo
Year to Date
-2.1% +6.2% +2.9% +1.6%
2012 2011 2010 2012 2011 2010
Median Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
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 167,498 - 9.2% 105,000 - 10.3%
November 157,500 - 12.9% 92,000 - 20.0%
December 162,248 - 1.7% 107,500 - 2.3%
January 159,900 + 2.5% 93,500 - 13.0%
February 170,500 + 3.3% 95,000 - 5.0%
March 160,000 - 10.6% 104,500 - 5.0%
April 159,000 + 0.7% 115,500 + 15.5%
May 161,000 + 0.6% 106,000 - 3.6%
Median 164,000 - 3.5% 108,000 - 6.1%
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.
$166,500
$121,000
$160,000
$110,000
$161,000
$106,000
Single-Family Condo
May
$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
-3.6% -9.1% +0.6% -3.9%
2012 2011 2010 2012 2011 2010
$172,900
$120,000
$161,770
$105,000
$161,000
$104,900
Single-Family Condo
Year to Date
-0.1% -12.5% -0.5% -6.4%
2012 2011 2010 2012 2011 2010
Average Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
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 220,292 + 0.0% 154,308 + 1.9%
November 205,868 - 11.5% 132,004 - 17.3%
December 221,155 + 12.9% 132,909 - 4.8%
January 203,310 + 5.2% 123,429 - 14.0%
February 205,635 - 1.6% 129,473 + 3.1%
March 210,484 - 9.1% 131,147 - 8.8%
April 194,523 - 7.0% 143,895 + 10.8%
May 201,515 + 2.6% 145,596 - 2.6%
Average 191,856 - 2.5% 137,779 - 4.5%
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.
$220,657
$148,742
$196,421
$149,441
$201,515
$145,596
Single-Family Condo
May
$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
- 2.6% + 0.5% + 2.6% - 11.0%
2012 2011 2010 2012 2011 2010
$216,837
$149,408
$208,978
$138,877
$202,997
$136,260
Single-Family Condo
Year to Date
- 1.9% - 7.0% - 2.9% - 3.6%
2012 2011 2010 2012 2011 2010
Percent of List Price Received
MonthSingle-Family
YoYChg.
CondoYoYChg.
June 94.4% - 0.4% 93.3% - 0.2%
July 94.3% - 0.6% 91.9% - 2.6%
August 94.0% - 0.6% 94.9% + 1.5%
September 94.7% + 0.1% 93.2% + 0.4%
October 94.2% - 0.8% 92.0% - 1.5%
November 94.2% + 0.3% 93.7% + 1.1%
December 94.1% - 0.2% 93.2% - 0.5%
January 95.5% + 1.6% 92.7% - 1.7%
February 95.3% + 0.8% 93.3% - 0.4%
March 94.6% - 0.7% 93.0% - 0.5%
April 95.0% + 1.2% 94.7% + 0.9%
May 95.2% + 1.4% 93.7% - 0.1%
Average 89.3% + 0.7% 87.8% + 1.0%
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.
95.3% 94.3% 93.9% 93.8% 95.2% 93.7%
Single-Family Condo
May
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
-0.1% -0.5% +1.4% -1.5%
2012 2011 2010 2012 2011 2010
94.6% 94.2% 94.3% 93.8% 95.1% 93.6%
Single-Family Condo
Year to Date
-0.2% -0.4% +0.8% -0.3%
2012 2011 2010 2012 2011 2010
Housing Affordability Index
MonthSingle-Family
YoYChg.
CondoYoYChg.
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% 210 + 8.0%
November 147 + 10.7% 232 + 10.9%
December 143 + 14.4% 208 + 20.4%
January 148 + 5.3% 235 + 5.6%
February 144 + 7.8% 238 + 21.6%
March 150 + 10.4% 220 + 17.2%
April 153 + 22.3% 207 + 15.7%
May 154 + 11.5% 224 + 0.6%
Average 144 + 10.5% 215 + 11.5%
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
128
173
138
195
154
224
Single-Family Condo
May
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
+0.6% +17.5% +11.5% +7.5%
2012 2011 2010 2012 2011 2010
128
173
138
195
154
224
Single-Family Condo
Year to Date
+0.6% +17.5% +11.5% +7.5%
2012 2011 2010 2012 2011 2010
Inventory of Homes for Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
June 4,804 - 9.3% 4,696 - 13.8%
July 4,707 - 11.1% 4,634 - 14.3%
August 4,662 - 10.8% 4,544 - 14.3%
September 4,552 - 11.6% 4,470 - 13.4%
October 4,528 - 10.5% 4,427 - 11.1%
November 4,497 - 10.1% 4,439 - 9.6%
December 4,233 - 10.6% 4,283 - 9.0%
January 4,290 - 9.8% 4,338 - 7.2%
February 4,276 - 11.4% 4,339 - 7.4%
March 4,239 - 13.8% 4,273 - 9.4%
April 4,207 - 13.6% 4,109 - 13.5%
May 4,077 - 15.2% 3,999 - 15.3%
Average 3,273 - 15.8% 4,083 - 15.0%
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.
5,334 5,566
4,810 4,720
4,077 3,999
Single-Family Condo
May
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
-15.3% -15.2% -15.2% -9.8%
2012 2011 2010 2012 2011 2010
Months Supply of Inventory
MonthSingle-Family
YoYChg.
CondoYoYChg.
June 14.5 - 9.6% 16 - 17.2%
July 14.0 - 12.8% 15.5 - 18.3%
August 13.7 - 13.8% 15.2 - 17.8%
September 13.2 - 17.0% 15.0 - 16.4%
October 13.1 - 16.3% 15.1 - 12.7%
November 13.0 - 15.8% 15.2 - 9.8%
December 12.2 - 16.7% 14.6 - 9.9%
January 12.2 - 16.8% 14.6 - 9.8%
February 12.0 - 18.9% 14.5 - 8.5%
March 11.8 - 21.2% 14.2 - 9.4%
April 11.5 - 24.1% 13.4 - 15.2%
May 10.8 - 26.6% 12.7 - 18.5%
Average 9.9 - 26.4% 12.8 - 18.4%
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.
16.3
19.7
14.7 15.6
10.8 12.7
Single-Family Condo
May
0
5
10
15
20
25
30
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012
Historical Months Supply of Inventory Single-Family Condo
-18.5% -21.0% -26.6% -10.0%
2012 2011 2010 2012 2011 2010
Grand Strand Market Report 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
May 2012
Research powered by SiteTech Systems
After a sluggish SFR and Condo sales performance in April, May’s performance marked a solid improvement. For the month, SFR sales surged 16.6% from April and 22.3% from May, 2011. Year to date, SFR sales are up 8.7% from 2011 levels. Consistent with prior levels, SFR Median Sales Price remains at $170,000. SFR inventory continues to seasonally increase, however the current inventory is down approximately 6% from 2011 levels. It is anticipated that the inventory has peaked and will begin declining in June. For the fourth consecutive month, condo sales activity improved and experienced one of its strongest months since 2007 with 383 sales. This performance is 9.4% better than May, 2011. Condo inventory continues to remain flat in 2012 and down 9.3% as compared to prior year levels. Sales continue to improve at the expense of Median Sales Price. Driven by cash transactions and distressed sales prices, the median sale price continues to hover around $106,000. Residential lot sales activity continues to improve as lot prices continue sell at historically low prices. YTD, there have been 442 lot sales, a 68% increase over 2011, with a median sales price of $32,000.
Grand Strand Active Inventory
Single Family Residential
# Listings
Horry Co. 3,921
Georgetown Co. 856
Total 4,777
Average List Price $339,456
Median List Price $220,900
Condo/Townhome
# Listings
Horry Co. 4,282
Georgetown Co. 434
Total 4,716
Average List Price $189,779
Median List Price $134,500
Horry Co.
G’town Co.
Less than $150k 1,148 104
$150k - $250k 1,376 151
$250k - $500k 1,002 323
$500k - $1.0 MM 298 173
$1 MM + 97 105
Horry Co.
G’town Co.
Less than $100k 1,448 63
$100k - $150k 1,097 85
$150k - $200k 613 76
$200k - $400k 819 114
$400k -$750k 250 64
$750+ 55 32
Distribution by Price Range
2 Research performed by SiteTech Systems
Residential Lot # Listings
Horry Co. 1,939
Georgetown Co. 751
Total 2,690
Average List Price $131,319
Median List Price $63,450
Horry Co.
G’town Co.
Less than $25k 358 51
$25k - $50k 640 93
$50k - $75k 295 76
$75k-100k 193 96
$100k-175k 198 147
$175k -250k 109 126
$250k+ 146 162
Grand Strand SFR Inventory Trends
Research performed by SiteTech Systems 3
May 2011 880
May 2012 807
600
650
700
750
800
850
900
950
# o
f D
istr
ess
ed
Lis
tin
gs
Grand Strand Distressed SFR Listings
May 2011 5,087 May 2012
4,777
4,000
4,200
4,400
4,600
4,800
5,000
5,200
5,400
5,600
# o
f Li
stin
gs
Grand Strand SFR Inventory
Grand Strand Condo Inventory Trends
Research performed by SiteTech Systems 4
May 2011 889
May 2012 801
700
750
800
850
900
950
1000
May
-10
Jun
-10
Jul-
10
Au
g-1
0
Sep
-10
Oct
-10
No
v-1
0
De
c-1
0
Jan
-11
Feb
-11
Mar
-11
Ap
r-1
1
May
-11
Jun
-11
Jul-
11
Au
g-1
1
Sep
-11
Oct
-11
No
v-1
1
De
c-1
1
Jan
-12
Feb
-12
Mar
-12
Ap
r-1
2
May
-12
# o
f D
istr
ess
ed
Grand Strand Distressed Condo Listings
May 2011 5,198
May 2012 4,716
4,000
4,200
4,400
4,600
4,800
5,000
5,200
5,400
5,600
5,800
6,000
# o
f Li
stin
gs
Grand Strand Condo Inventory
Closed Sales - SFR
May Year to Date
May 2012373
100
150
200
250
300
350
400
450
500
550
600
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
5 Research performed by SiteTech Systems
356
320
373
2010 2011 2012
1,4041,455
1,582
2010 2011 2012
Average Sales Price - SFR May Year to Date
May 2012$211,146
$195,000
$225,000
$255,000
$285,000
$315,000
$345,000
$375,000
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
6 Research performed by SiteTech Systems
$231,848
$218,507
$211,146
2010 2011 2012
$230,105$224,731
$215,225
2010 2011 2012
Median Sales Price - SFR May
$175,000 $174,000
$170,000
2010 2011 2012
Year to Date
May 2012$170,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
7 Research performed by SiteTech Systems
$180,000
$170,000 $169,900
2010 2011 2012
Median Sales Price – SFR Distressed & Non-Distressed
8 Research performed by SiteTech Systems
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000Fe
b-1
0
Mar
-10
Ap
r-1
0
May
-10
Jun
-10
Jul-
10
Au
g-1
0
Sep
-10
Oct
-10
No
v-1
0
De
c-1
0
Jan
-11
Feb
-11
Mar
-11
Ap
r-1
1
May
-11
Jun
-11
Jul-
11
Au
g-1
1
Sep
-11
Oct
-11
No
v-1
1
De
c-1
1
Jan
-12
Feb
-12
Mar
-12
Ap
r-1
2
May
-12
Non-Distressed
Distressed
Combined
Median Sales Price – SFR Cash & Conventional Transactions
9 Research performed by SiteTech Systems
$125,000
$135,000
$145,000
$155,000
$165,000
$175,000
$185,000
$195,000
$205,000
$215,000
$225,000
Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 Aug-11 Nov-11 Feb-12 May 12
Cash
Conventional
Combined
SFR Sales % Cash vs. % Conventional
Research performed by SiteTech Systems 10
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
Jan
-10
Feb
-10
Mar
-10
Ap
r-1
0
May
-10
Jun
-10
Jul-
10
Au
g-1
0
Sep
-10
Oct
-10
No
v-1
0
De
c-1
0
Jan
-11
Feb
-11
Mar
-11
Ap
r-1
1
May
-11
Jun
-11
Jul-
11
Au
g-1
1
11
-Oct
11
-No
v
De
c-1
1
12
-Jan
12
-Fe
b
12
-Mar
Ap
r-1
2
May
-12
% Cash
% Conventional
Sold to List Price Ratio - SFR
May
90%
89%
91%
2010 2011 2012
Year to Date
May 201291%
83
85
87
89
91
93
95
97
99
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
11 Research performed by SiteTech Systems
89%88%
90%
2010 2011 2012
Closed Sales - Condo May
327
350
383
2010 2011 2012
Year to Date
Historical Activity
12
May 2012383
50
250
450
650
850
1050
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Research performed by SiteTech Systems
1,435
1,5411,561
2010 2011 2012
Average Sales Price - Condo May Year to Date
May 2012$145,017
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 10-Jan 10-Jul 11-Jan 11-Jul Jan 12
Historical Activity
13 Research performed by SiteTech Systems
$149,155 $148,700
$145,017
2010 2011 2012
$149,876
$139,552
$135,146
2010 2011 2012
Median Sales Price - Condo May
$122,000
$110,000 $106,000
2010 2011 2012
Year to Date
May 2012$106,000
$75,000
$95,000
$115,000
$135,000
$155,000
$175,000
$195,000
$215,000
$235,000
$255,000
$275,000
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
14 Research performed by SiteTech Systems
$120,000
$106,900 $105,000
2010 2011 2012
Median Sales Price – Condo Distressed & Non-Distressed
15 Research performed by SiteTech Systems
$60,000
$70,000
$80,000
$90,000
$100,000
$110,000
$120,000
$130,000
$140,000Ja
n-1
0
Feb
-10
Mar
-10
Ap
r-1
0
May
-10
Jun
-10
Jul-
10
Au
g-1
0
Sep
-10
Oct
-10
No
v-1
0
De
c-1
0
Jan
-11
Feb
-11
Mar
-11
Ap
r-1
1
May
-11
Jun
-11
Jul-
11
Au
g-1
1
Sep
-11
Oct
-11
No
v-1
1
De
c-1
1
Jan
-12
Feb
-12
Mar
-12
Ap
r-1
2
May
-12
Non-Distressed
Distressed
Combined
Median Sales Price – Condo Cash & Conventional Transactions
16 Research performed by SiteTech Systems
$50,000
$70,000
$90,000
$110,000
$130,000
$150,000
$170,000Ja
n-1
0
Feb
-10
Mar
-10
Ap
r-1
0
May
-10
Jun
-10
Jul-
10
Au
g-1
0
Sep
-10
Oct
-10
No
v-1
0
De
c-1
0
Jan
-11
Feb
-11
Mar
-11
Ap
r-1
1
May
-11
Jun
-11
Jul-
11
Au
g-1
1
Sep
-11
11
-Oct
11
-No
v
De
c-1
1
Jan
-12
12
-Fe
b
Mar
-12
Ap
r-1
2
May
-12
Cash
Conventional
Combined
Condo Sales % Cash vs. % Conventional
Research performed by SiteTech Systems 17
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%Ja
n-1
0
Feb
-10
Mar
-10
Ap
r-1
0
May
-10
Jun
-10
Jul-
10
Au
g-1
0
Sep
-10
Oct
-10
No
v-1
0
De
c-1
0
Jan
-11
Feb
-11
Mar
-11
Ap
r-1
1
May
-11
Jun
-11
Jul-
11
Au
g-1
1
11
-Se
p
11
-Oct
11
-No
v
De
c-1
1
Jan
-12
12
-Fe
b
Mar
-12
Ap
r-1
2
May
-12
% Cash
% Conventional
Sold to List Price Ratio - Condo
May
87%86%
89%
2010 2011 2012
Year to Date
May 201289%
75
80
85
90
95
100
105
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
18 Research performed by SiteTech Systems
85%
86%
88%
2010 2011 2012
Closed Sales – Residential Lot
5143
85
2010 2011 2012
Year to Date
May 201285
10
60
110
160
210
260
310
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
19
May
Research performed by SiteTech Systems
237263
442
2010 2011 2012
Average Sales Price – Residential Lot May Year to Date
May 2012$59,060
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
20 Research performed by SiteTech Systems
$56,767
$88,812
$59,060
2010 2011 2012
$74,944 $78,182
$63,347
2010 2011 2012
Median Sales Price – Residential Lot
May
$30,000
$50,000
$26,175
2010 2011 2012
Year to Date
May 2012$26,175
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
21 Research performed by SiteTech Systems
$44,900
$38,000 $32,000
2010 2011 2012
Median Sales Price – Res. Lot (Non-Distressed)
May
$57,400
$72,000
$56,250
2010 2011 2012
Year to Date
Historical Activity
22 Research performed by SiteTech Systems
$59,000$56,550
$50,000
2010 2011 2012
May 2012 $56,250
$-
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
Jan10
Apr10
Jul10
Oct10
Jan11
Apr11
Jul11
Oct10
Jan12
Sold to List Price Ratio – Residential Lot May Year to Date
76%
72%
69%
2010 2011 2012
May 201270%
40
50
60
70
80
90
100
110
Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12
Historical Activity
23 Research performed by SiteTech Systems
77%76%
70%
2010 2011 2012
Grand Strand Distressed Inventory
Single Family Residential
# Listings
Horry Co. 726
Georgetown Co. 81
Total 807
Average List Price $199,917
Median List Price $139,900
Condo/Townhome
# Listings
Horry Co. 767
Georgetown Co. 34
Total 801
Average List Price $119,857
Median List Price $89,900
Horry Co.
G’town Co.
Less than $150k 428 33
$150k - $250k 179 18
$250k - $500k 89 17
$500k - $1.0 MM 26 9
$1 MM + 4 4
Distribution by Price Range
24 Research performed by SiteTech Systems
Residential Lot # Listings
Horry Co. 325
Georgetown Co. 74
Total 399
Average List Price $72,382
Median List Price $30,000
Horry Co.
G’town Co.
Less than $25k 136 8
$25k - $50k 98 14
$50k - $75k 34 8
$75k-100k 17 17
$100k-175k 20 9
$175k -250K 9 12
$250K + 11 6
Horry Co.
G’town Co.
Less than $100k 455 16
$100k - $150k 132 8
$150k - $200k 74 3
$200k - $400k 93 1
$400k -$750k 13 6
$750+ - -
Distressed Sales Total
116
210
159185
228219189191
170177161165170154157165213
180210
Nov Feb May August Nov Feb May
SFR
55
100
67 84
116 106
81 99
82 81 80 89 95
72 87
78
102
77
111
Nov Feb May August Nov Feb May
Condo
25 Research performed by SiteTech Systems
61
110 92 101
112 113 108 92 88 96
81 76 75 82 70
87
111 103 99
Nov Feb May August Nov Feb May
% Total Sales
26
37 38
44
34 34 29 29 30 29 28
32 33 30
37 32 33
28 28
Nov Feb May August Nov Feb May
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May 2012 Quick Facts
$150,000 and Below 4 Bedrooms or More
234567
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
+ 9.2% + 7.6%We're nearly through the spring market. Did you blink and miss it? Important changes have taken place that will set the scene for the coming months and years. For the 12-month period spanning June 2011 through May 2012, Closed Sales in the Coastal Carolinas region were up 3.8 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 9.2 percent.
The overall Median Sales Price was down 4.8 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.5 percent to $164,000. The price range that tended to sell the quickest was the $150,000 and Below range at 168 days; the price range that tended to sell the slowest was the $300,001 and Above range at 216 days.
Market-wide, inventory levels were down 15.3 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.2 percent. That amounts to 10.8 months supply for Single-Family homes and 12.7 months supply for Condos.
+ 11.5%
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 PricePercent of List Price ReceivedInventory of Homes for SaleMonths Supply of Inventory
Closed Sales
By Price Range 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
$150,000 and Below 3,789 4,136 + 9.2% 1,458 1,752 + 20.2% 2,331 2,384 + 2.3%
$150,001 to $200,000 1,331 1,331 0.0% 836 849 + 1.6% 495 482 - 2.6%
$200,001 to $250,000 814 810 - 0.5% 549 546 - 0.5% 265 264 - 0.4%
$250,001 to $300,000 544 572 + 5.1% 350 392 + 12.0% 194 180 - 7.2%
$300,001 and Above 1,008 919 - 8.8% 689 674 - 2.2% 319 245 - 23.2%
All Price Ranges 7,486 7,768 + 3.8% 3,439 3,702 + 7.6% 3,416 3,358 - 1.7%
By Bedroom Count 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
2 Bedrooms or Less 2,251 2,303 + 2.3% 240 274 + 14.2% 2,011 2,029 + 0.9%
3 Bedrooms 3,736 3,796 + 1.6% 2,524 2,679 + 6.1% 1,212 1,117 - 7.8%
4 Bedrooms or More 1,248 1,392 + 11.5% 1,117 1,260 + 12.8% 131 132 + 0.8%
All Bedroom Counts 7,486 7,768 + 3.8% 3,439 3,702 + 7.6% 3,416 3,358 - 1.7%
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
3,789
1,331
814544
1,008
4,136
1,331
810572
919
$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 Range5-2011 5-2012
2,251
3,736
1,248
2,303
3,796
1,392
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count5-2011 5-2012
+ 9.2%
3,4393,416
3,702
3,358
Single-Family Homes Condos
By Property Type5-2011 5-2012
0.0% - 0.5% + 5.1% - 8.8% + 7.6% - 1.7%+ 2.3% + 1.6% + 11.5%
Days on Market Until Sale
By Price Range 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
$150,000 and Below 166 168 + 1.0% 159 171 + 7.2% 171 166 - 3.0%
$150,001 to $200,000 174 192 + 10.2% 165 180 + 9.3% 190 213 + 12.4%
$200,001 to $250,000 176 182 + 3.6% 167 179 + 7.4% 196 189 - 3.4%
$250,001 to $300,000 178 199 + 12.0% 172 192 + 11.6% 190 220 + 15.9%
$300,001 and Above 211 216 + 2.3% 219 216 - 1.5% 192 217 + 12.8%
All Price Ranges 175 180 + 3.2% 172 182 + 5.6% 178 178 + 0.5%
By Bedroom Count 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
2 Bedrooms or Less 174 175 + 0.3% 163 180 + 10.9% 175 174 - 0.9%
3 Bedrooms 169 179 + 5.7% 163 177 + 8.4% 181 183 + 1.0%
4 Bedrooms or More 195 196 + 0.6% 194 192 - 0.9% 199 228 + 14.7%
All Bedroom Counts 175 180 + 3.2% 172 182 + 5.6% 178 178 + 0.5%
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
166174 176 178
211
168
192182
199216
$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 Range5-2011 5-2012
174
169
195
175
179
196
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count5-2011 5-2012
+ 1.0%
172
178
182
178
Single-Family Homes Condos
By Property Type5-2011 5-2012
+ 10.2% + 3.6% + 12.0% + 2.3% + 5.6% + 0.5%+ 0.3% + 5.7% + 0.6%
Median Sales Price
By Bedroom Count 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
2 Bedrooms or Less $97,500 $90,000 - 7.7% $109,000 $95,000 - 12.8% $96,000 $90,000 - 6.3%
3 Bedrooms $155,000 $150,000 - 3.2% $155,000 $148,693 - 4.1% $155,000 $157,475 + 1.6%
4 Bedrooms or More $266,995 $251,248 - 5.9% $261,990 $249,775 - 4.7% $290,000 $310,000 + 6.9%
All Bedroom Counts $145,000 $138,000 - 4.8% $170,000 $164,000 - 3.5% $114,000 $108,000 - 5.3%
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
$97,500
$155,000
$266,995
$90,000
$150,000
$251,248
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count5-2011 5-2012
$145,000
$170,000
$114,000
$138,000
$164,000
$108,000
All Properties Single-Family Homes Condos
By Property Type5-2011 5-2012
- 3.5% - 5.3%- 7.7% - 3.2% - 4.8%- 5.9%
Percent of List Price Received
By Price Range 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
$150,000 and Below 93.5% 93.5% 0.0% 93.7% 93.8% + 0.1% 93.5% 93.2% - 0.3%
$150,001 to $200,000 95.2% 95.1% - 0.1% 95.9% 95.7% - 0.2% 94.0% 94.0% 0.0%
$200,001 to $250,000 94.9% 94.8% - 0.1% 95.6% 95.7% + 0.1% 93.5% 93.2% - 0.3%
$250,001 to $300,000 95.4% 95.2% - 0.2% 96.2% 96.0% - 0.2% 93.7% 93.3% - 0.4%
$300,001 and Above 93.1% 93.8% + 0.8% 92.7% 93.7% + 1.1% 94.0% 94.0% 0.0%
All Price Ranges 94.0% 94.0% 0.0% 94.5% 94.6% + 0.1% 93.6% 93.3% - 0.3%
By Bedroom Count 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
2 Bedrooms or Less 93.1% 93.0% - 0.1% 91.9% 91.6% - 0.3% 93.3% 93.2% - 0.1%
3 Bedrooms 94.6% 94.7% + 0.1% 95.0% 95.1% + 0.1% 93.9% 93.8% - 0.1%
4 Bedrooms or More 93.8% 94.1% + 0.3% 93.9% 94.1% + 0.2% 93.6% 93.8% + 0.2%
All Bedroom Counts 94.0% 94.0% 0.0% 94.5% 94.6% + 0.1% 93.6% 93.3% - 0.3%
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
93.5%
95.2%94.9%
95.4%
93.1%
93.5%
95.1%94.8%
95.2%
93.8%
$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 Range5-2011 5-2012
93.1%
94.6%
93.8%
93.0%
94.7%
94.1%
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count5-2011 5-2012
0.0%
94.5%
93.6%
94.6%
93.3%
Single-Family Homes Condos
By Property Type5-2011 5-2012
- 0.1% - 0.1% - 0.2% + 0.8% + 0.1% - 0.3%- 0.1% + 0.1% + 0.3%
Inventory of Homes for Sale
By Price Range 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
$150,000 and Below 4,028 3,381 - 16.1% 1,464 1,143 - 21.9% 2,564 2,238 - 12.7%
$150,001 to $200,000 1,579 1,257 - 20.4% 873 696 - 20.3% 706 561 - 20.5%
$200,001 to $250,000 955 863 - 9.6% 559 530 - 5.2% 396 333 - 15.9%
$250,001 to $300,000 775 639 - 17.5% 471 397 - 15.7% 304 242 - 20.4%
$300,001 and Above 2,193 1,936 - 11.7% 1,443 1,311 - 9.1% 750 625 - 16.7%
All Price Ranges 9,530 8,076 - 15.3% 4,810 4,077 - 15.2% 4,720 3,999 - 15.3%
By Bedroom Count 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
2 Bedrooms or Less 3,010 2,572 - 14.6% 297 250 - 15.8% 2,713 2,322 - 14.4%
3 Bedrooms 4,212 3,576 - 15.1% 2,746 2,340 - 14.8% 1,466 1,236 - 15.7%
4 Bedrooms or More 2,011 1,685 - 16.2% 1,766 1,485 - 15.9% 245 200 - 18.4%
All Bedroom Counts 9,530 8,076 - 15.3% 4,810 4,077 - 15.2% 4,720 3,999 - 15.3%
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
4,028
1,579
955775
2,193
3,381
1,257
863639
1,936
$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 Range5-2011 5-2012
3,010
4,212
2,011
2,572
3,576
1,685
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count5-2011 5-2012
- 16.1%
4,810 4,720
4,077 3,999
Single-Family Homes Condos
By Property Type5-2011 5-2012
- 20.4% - 9.6% - 17.5% - 11.7% - 15.2% - 15.3%- 14.6% - 15.1% - 16.2%
Months Supply of Inventory
By Price Range 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
$150,000 and Below 12.6 9.1 - 28.3% 11.8 7.1 - 39.6% 13.2 10.5 - 20.1%
$150,001 to $200,000 14.1 10.5 - 25.3% 12.7 9.0 - 29.2% 16.3 13.3 - 18.0%
$200,001 to $250,000 14.2 12.4 - 12.2% 12.6 11.2 - 10.5% 17.3 15.0 - 13.4%
$250,001 to $300,000 16.7 12.7 - 24.4% 15.1 11.5 - 23.5% 20.2 15.0 - 25.3%
$300,001 and Above 25.5 23.9 - 6.2% 24.1 21.9 - 9.1% 28.6 29.5 + 3.3%
All Price Ranges 15.1 11.7 - 22.9% 14.7 10.8 - 26.6% 15.6 12.7 - 18.5%
By Bedroom Count 5-2011 5-2012 Change 5-2011 5-2012 Change 5-2011 5-2012 Change
2 Bedrooms or Less 16.0 12.6 - 21.5% 14.7 10.2 - 30.7% 16.2 12.9 - 20.3%
3 Bedrooms 13.4 10.5 - 21.5% 13.0 9.7 - 25.4% 14.2 12.5 - 12.0%
4 Bedrooms or More 18.7 13.5 - 27.9% 18.3 13.1 - 28.1% 22.8 17.1 - 24.8%
All Bedroom Counts 15.1 11.7 - 22.9% 14.7 10.8 - 26.6% 15.6 12.7 - 18.5%
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
12.614.1 14.2
16.7
25.5
9.110.5
12.4 12.7
23.9
$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 Range5-2011 5-2012
16.0
13.4
18.7
12.6
10.5
13.5
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count5-2011 5-2012
- 28.3%
14.715.6
10.8
12.7
Single-Family Homes Condos
By Property Type5-2011 5-2012
- 25.3% - 12.2% - 24.4% - 6.2% - 26.6% - 18.5%- 21.5% - 21.5% - 27.9%