Post on 18-Mar-2016
description
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
August 2012
Research powered by
SiteTech Systems
July’s sales momentum carried forward into August. August Single Family Residential (SFR) sales activity signaled continued recovery and stabilization. In August, SFR sales activity showed strength as sales was up from July and up 11.2% as compared to August, 2011. Year-to-date (YTD), SFR sales are up 13.4%. As sales remain strong, SFR inventory declined slightly and remains flat to its level from early summer. Compared to August 2011, SFR inventory is down 2% as the improved real estate sales environment may have gotten some to the ‘fence setters’ back into the market. Distressed sales continue to play a role in SFR sales as distressed sales represent 27.5% of all SFR sales. Another positive trend is the gradually improving SFR median sales price. During August, SFR median sales prices were up as compared to July and August, 2011. This improvement is driven by strong non-distressed sales prices. Year to date, SFR median sales prices are down 1.7% from it comparable 2011 level. Condo inventory continued its anticipated contraction as the inventory level has dropped for the fifth straight month. This drop is a 9% reduction versus August 2011 and is the lowest level since tracking began in 2010. Similar to SFR, Condo sales were up in August. August sales were better than July’s sales and 15.7% better than August 2011. Additionally, Condo median sales prices appear to have stabilize as August median sales price is up slightly from July and August, 2011. Year-to-date, Condo median sales prices are down 3.7% as compared to 2011. Residential lot activity continues to represent a small but improving (in terms of sales) component of the real estate market as residential lots remain competitively price.
Grand Strand Active Inventory
Single Family Residential
# Listings
Horry Co. 3,904
Georgetown Co. 821
Total 4,725
Average List Price $336,957
Median List Price $219,900
Condo/Townhome
# Listings
Horry Co. 4,018
Georgetown Co. 410
Total 4,428
Average List Price $187,815
Median List Price $132,000
Horry Co.
G’town Co.
Less than $150k 1,148 92
$150k - $250k 1,372 151
$250k - $500k 900 304
$500k - $1.0 MM 299 174
$1 MM + 95 100
Horry Co.
G’town Co.
Less than $100k 1,413 52
$100k - $150k 989 80
$150k - $200k 596 70
$200k - $400k 750 108
$400k -$750k 218 67
$750+ 52 33
Distribution by Price Range
2 Research performed by SiteTech Systems
Residential Lot # Listings
Horry Co. 1,910
Georgetown Co. 744
Total 2,654
Average List Price $129,534
Median List Price $63,400
Horry Co.
G’town Co.
Less than $25k 354 50
$25k - $50k 646 89
$50k - $75k 270 78
$75k-100k 197 95
$100k-175k 210 157
$175k -250k 103 123
$250k+ 130 152
Grand Strand SFR Inventory Trends
Research performed by SiteTech Systems 3
August 2011 4,821
August 2012 4,725
4,000
4,200
4,400
4,600
4,800
5,000
5,200
5,400
# o
f Li
stin
gs
Grand Strand SFR Inventory
August 2011 831
August 2012 781
600
650
700
750
800
850
900
950
# o
f D
istr
ess
ed
Lis
tin
gs
Grand Strand Distressed SFR Listings
Grand Strand Condo Inventory Trends
Research performed by SiteTech Systems 4
August 2011 4,864
August 2012 4,428
4,0004,2004,4004,6004,8005,0005,2005,4005,6005,800
# o
f Li
stin
gs
Grand Strand Condo Inventory
August 2011 803
August 2012 686
600
650
700
750
800
850
900
950
1000
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
Jun
-12
Jul-
12
Au
g-1
2
# o
f D
istr
ess
ed
Grand Strand Distressed Condo Listings
Closed Sales - SFR
August Year to Date
August 2012397
100
200
300
400
500
600
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
5 Research performed by SiteTech Systems
303357 397
2010 2011 2012
2,4102,499
2,833
2010 2011 2012
Average Sales Price - SFR August Year to Date
August 2012$221,603
$195,000
$225,000
$255,000
$285,000
$315,000
$345,000
$375,000
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
6 Research performed by SiteTech Systems
$249,625
$212,369$221,603
2010 2011 2012
$232,711
$224,371
$218,134
2010 2011 2012
Median Sales Price - SFR August
$200,000
$170,500 $177,321
2010 2011 2012
Year to Date
August 2012$177,321
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
7 Research performed by SiteTech Systems
$184,414
$173,000$170,000
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
$250,000
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
Jun
-12
Jul-
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
Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-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%
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
Jun
-12
Jul 1
2
Au
g-1
2
% Cash
% Conventional
Sold to List Price Ratio - SFR
August
90%
88%
90%
2010 2011 2012
Year to Date
August 201290%
83
85
87
89
91
93
95
97
99
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 'Aug 12
Historical Activity
11 Research performed by SiteTech Systems
90%
88%
91%
2010 2011 2012
Closed Sales - Condo August
316
287
332
2010 2011 2012
Year to Date
Historical Activity
12
August 2012332
50
250
450
650
850
1050
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Research performed by SiteTech Systems
2,366
2,466
2,619
2010 2011 2012
Average Sales Price - Condo August Year to Date
August 2012
$130,661
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
13 Research performed by SiteTech Systems
$146,210
$123,244
$130,661
2010 2011 2012
$150,282
$138,957 $135,286
2010 2011 2012
Median Sales Price - Condo August
$115,000
$103,000 $105,000
2010 2011 2012
Year to Date
August 2012$105,000
$75,000
$125,000
$175,000
$225,000
$275,000
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
14 Research performed by SiteTech Systems
$120,000
$109,000 $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
$140,000
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
Jun
-12
Ju1
-12
Au
g-1
2
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
$170,000
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
Jun
-12
Jul-
12
Au
g-1
2
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%A
ug-
10
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
Jun
-12
Jul-
12
Au
g-1
2
% Cash
% Conventional
Sold to List Price Ratio - Condo
August
86% 86%
88%
2010 2011 2012
Year to Date
August 2012
88%
75
80
85
90
95
100
105
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
18 Research performed by SiteTech Systems
86% 86%
88%
2010 2011 2012
Closed Sales – Residential Lot
46
74
65
2010 2011 2012
Year to Date
August 2012
65
10
60
110
160
210
260
310
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
19
August
Research performed by SiteTech Systems
389463
698
2010 2011 2012
Average Sales Price – Residential Lot August Year to Date
August 2012
$50,974
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
20 Research performed by SiteTech Systems
$83,677 $78,590
$50,974
2010 2011 2012
$78,525
$71,764
$67,115
2010 2011 2012
Median Sales Price – Residential Lot
August
$49,400
$35,000 $34,500
2010 2011 2012
Year to Date
August 2012
$34,500
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
21 Research performed by SiteTech Systems
$44,900
$35,950 $32,000
2010 2011 2012
Median Sales Price – Res. Lot (Non-Distressed)
August
$68,000$77,500
$31,750
2010 2011 2012
Year to Date
Historical Activity
22 Research performed by SiteTech Systems
$55,000$52,588
$46,000
2010 2011 2012
August 2012 $31,750
$-
$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
Apr12
Jul12
Sold to List Price Ratio – Residential Lot August Year to Date
75%74%
70%
2010 2011 2012
August 201270%
40
50
60
70
80
90
100
110
Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12
Historical Activity
23 Research performed by SiteTech Systems
72%
75%
70%
2010 2011 2012
Grand Strand Distressed Inventory
Single Family Residential
# Listings
Horry Co. 695
Georgetown Co. 86
Total 781
Average List Price $195,241
Median List Price $137,500
Condo/Townhome
# Listings
Horry Co. 651
Georgetown Co. 35
Total 686
Average List Price $118,310
Median List Price $89,900
Horry Co.
G’town Co.
Less than $150k 416 35
$150k - $250k 158 22
$250k - $500k 91 19
$500k - $1.0 MM 27 8
$1 MM + 3 2
Distribution by Price Range
24 Research performed by SiteTech Systems
Residential Lot # Listings
Horry Co. 311
Georgetown Co. 77
Total 388
Average List Price $66,380
Median List Price $34,900
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
Horry Co.
G’town Co.
Less than $100k 393 14
$100k - $150k 104 7
$150k - $200k 73 5
$200k - $400k 70 3
$400k -$750k 11 6
$750+ - -
Distressed Sales Total
August Oct Dec Feb Apr June August
SFR
August Oct Dec Feb Apr June August
Condo
25 Research performed by SiteTech Systems
August Oct Dec Feb Apr June August
% Total Sales
29 28 32 33
30
37 32 33
28 28 29 29 29
August Oct Dec Feb Apr June August
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
August 2012 Quick Facts
23456789
10111213
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
+ 10.2%Change in
Closed SalesSingle-Family Only
Click on desired metric to jump to that page.
As the school-aged among us work their way back into classrooms across America, we continue to monitor key improvements in the local housing market with a keener eye. With two-thirds of 2012 complete, we're starting to get a sense for how the year will shake out. Headlines include encouraging phrases like "Recovery Takes Hold," "Home Prices on the Rise" and "Situation Eases for Sellers." Local market conditions largely support this sentiment.
New Listings in the Coastal Carolinas region were up 2.8 percent for detached homes but decreased 12.5 percent for condos. Pending Sales increased 57.9 percent for single-family homes and 30.1 percent for condos.
The Median Sales Price was up 2.3 percent to $166,550 for single-family properties and 5.1 percent to $105,000 for condo units. Months Supply of Inventory decreased 28.6 percent for single-family units and 25.4 percent for townhouse-condo units.
With election season in full swing, both politicians and economists will place extra emphasis on jobs and unemployment figures. Recognizing the relationship between jobs and housing demand, the most tuned-in agents and brokers will do the same. The truth is, the economy is and has been expanding consistently for years, albeit at a disjointed pace. There's reason for optimism going into the last third of 2012 and even into 2013, and housing is actually playing a large role in that positive outlook.
+ 14.6%Change in
Closed SalesCondo Only
+ 12.1%Change in
Closed SalesAll Properties
Single-Family Market OverviewCondo Market OverviewNew ListingsPending SalesClosed SalesDays On Market Until Sale
Months Supply of Inventory
Median Sales PriceAverage Sales PricePercent of List Price ReceivedHousing Affordability IndexInventory of Homes for Sale
Single-Family Market Overview
Key Metrics Historical Sparklines 8-2011 8-2012 + / – YTD 2011 YTD 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
13.8
151 + 8.0%
- 15.1%
- 28.6%
3,965
9.8
140
--
-- --
--
--Months Supplyof Homes for Sale
Inventory of Homes for Sale
$165,000 $162,000
+ 0.9%
- 1.3% 178 176 - 1.2%
- 1.8%
+ 0.7% 94.3% 95.1%
+ 6.6%
+ 2.3%
+ 0.2%
356 562 + 57.9% 2,947 3,613 + 22.6%
5,974712 732 + 2.8% 5,963
391 431 + 10.2% 2,728
New Listings
Pending Sales
Closed Sales
94.0% 94.6%
Housing Affordability Index
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent ofList Price Received
$195,650
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
3,074 + 12.7%
140
4,671
174 172
151 + 8.0%
--
$208,712 $205,866 - 1.4%
$162,750 $166,550
$208,621
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
Condo Market Overview
Key Metrics Historical Sparklines 8-2011 8-2012 + / – YTD 2011 YTD 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
--
Months Supplyof Homes for Sale
15.2 11.3 - 25.4% -- -- --
Inventory of Homes for Sale 4,548 3,701 - 18.6% -- --
+ 0.1%
Housing Affordability Index 215 227 + 22.8% 215 227 + 22.8%
Percent ofList Price Received
94.9% 93.8% - 1.2% 93.6% 93.7%
- 2.4%
Average Sales Price $123,658 $131,732 + 6.5% $138,950 $136,367 - 1.9%
Median Sales Price $99,950 $105,000 + 5.1% $106,950 $104,375
+ 5.4%
Days on Market Until Sale 176 171 - 3.0% 179 174 - 2.8%
Closed Sales 288 330 + 14.6% 2,480 2,615
Key market metrics for the current month and year-to-date figures for Condo Properties Only.
- 6.7%
Pending Sales 329 428 + 30.1% 2,573 2,974 + 15.6%
New Listings 562 492 - 12.5% 5,031 4,692
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
8-2009 8-2010 8-2011 8-2012
New Listings
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 606 - 14.3% 505 - 14.6%
October 636 - 5.2% 545 - 2.2%
November 606 - 1.5% 555 + 5.9%
December 455 - 8.1% 444 + 3.5%
January 762 - 0.5% 690 + 6.2%
February 701 - 9.0% 609 - 2.1%
March 805 - 10.8% 662 - 12.9%
April 740 0.0% 614 - 16.2%
May 805 + 16.8% 602 + 8.7%
June 742 + 1.0% 503 - 15.7%
July 687 + 5.9% 520 - 6.0%
August 732 + 2.8% 492 - 12.5%
Total 8,277 - 2.1% 6,870 - 5.5%
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 | 4
A count of the properties that have been newly listed on the market in a given month.
755
658
712
562
732
492
Single-Family Condo
August
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
-12.5% -14.6% +2.8% -5.7%
2012 2011 2010 2012 2011 2010
6,790
5,763 5,963
5,031
5,974
4,692
Single-Family Condo
Year to Date
-6.7% -12.7% +0.2% -12.2%
2012 2011 2010 2012 2011 2010
Pending Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 342 + 21.3% 265 - 9.6%
October 330 + 1.5% 261 - 15.8%
November 297 + 6.5% 235 - 4.1%
December 257 + 7.5% 191 + 7.9%
January 338 + 15.0% 309 + 14.0%
February 403 + 17.8% 337 + 1.2%
March 462 + 8.5% 399 + 0.5%
April 434 + 12.4% 430 + 14.7%
May 473 + 22.9% 369 + 16.4%
June 464 + 27.1% 358 + 27.9%
July 477 + 21.4% 344 + 26.9%
August 562 + 57.9% 428 + 30.1%
Total 4,839 + 18.8% 3,986 + 9.5%
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 | 5
A count of the properties on which contracts have been accepted in a given month.
325 324 356
329
562
428
Single-Family Condo
August
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
+30.1% +1.5% +57.9% +9.5%
2012 2011 2010 2012 2011 2010
2,756
2,463
2,947
2,573
3,613
2,974
Single-Family Condo
Year to Date
+15.6% +4.5% +22.6% +6.9%
2012 2011 2010 2012 2011 2010
Closed Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 353 + 9.6% 298 - 2.0%
October 342 + 18.8% 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 295 + 17.1% 270 + 13.0%
March 384 + 6.1% 353 - 6.9%
April 366 0.0% 352 - 5.4%
May 428 + 18.9% 403 + 14.2%
June 453 + 11.9% 391 + 10.1%
July 444 + 27.2% 306 + 7.7%
August 431 + 10.2% 330 + 14.6%
Total 4,428 + 12.9% 3,725 + 2.4%
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.
330 315
391
288
431
330
Single-Family Condo
August
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
+14.6% -8.6% +10.2% +18.5%
2012 2011 2010 2012 2011 2010
2,630
2,369
2,728
2,480
3,074
2,615
Single-Family Condo
Year to Date
+5.4% +4.7% +12.7% +3.7%
2012 2011 2010 2012 2011 2010
Days on Market Until Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 178 + 3.1% 196 + 13.8%
October 200 + 9.8% 195 + 8.2%
November 183 + 7.1% 169 - 7.7%
December 176 + 0.3% 165 - 10.7%
January 183 - 6.7% 183 - 1.9%
February 185 + 16.7% 184 + 5.0%
March 177 - 3.9% 167 - 2.5%
April 176 - 3.3% 170 - 0.8%
May 182 + 13.0% 170 - 9.2%
June 175 - 4.8% 184 + 0.1%
July 161 - 11.4% 169 - 8.8%
August 172 - 1.3% 171 - 3.0%
Total 178 + 0.7% 176 - 1.8%
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.
160
174 174 176 172 171
Single-Family Condo
August
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
-3.0% +1.5% -1.3% +9.0%
2012 2011 2010 2012 2011 2010
169 170 178 179 176 174
Single-Family Condo
Year to Date
-2.8% +5.3% -1.2% +5.1%
2012 2011 2010 2012 2011 2010
Median Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 164,250 - 3.4% 108,750 - 5.4%
October 167,487 - 8.9% 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 170,400 + 3.3% 95,000 - 5.0%
March 160,000 - 10.1% 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 167,000 + 2.9% 95,000 - 13.6%
August 166,550 + 2.3% 105,000 + 5.1%
Median 162,885 - 2.5% 106,000 - 4.9%
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 | 8
Median price point for all closed sales, not accounting for seller concessions, in a given month.
$194,990
$115,000
$162,750
$99,950
$166,550
$105,000
Single-Family Condo
August
$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
+5.1% -13.1% +2.3% -16.5%
2012 2011 2010 2012 2011 2010
$175,000
$119,900
$165,000
$106,950
$162,000
$104,375
Single-Family Condo
Year to Date
-2.4% -10.8% -1.8% -5.7%
2012 2011 2010 2012 2011 2010
Average Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 207,648 - 1.7% 137,638 + 0.3%
October 220,063 - 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% 123,343 - 14.1%
February 205,042 - 1.9% 129,473 + 3.1%
March 210,924 - 8.8% 130,685 - 9.1%
April 193,770 - 7.4% 143,400 + 10.4%
May 200,975 + 2.3% 144,324 - 3.4%
June 215,154 - 4.5% 143,178 - 2.4%
July 206,199 + 1.3% 135,614 - 6.6%
August 208,621 + 6.6% 131,732 + 6.5%
Average 189,507 - 3.1% 137,082 - 2.8%
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.
$235,887
$147,585
$195,650
$123,658
$208,621
$131,732
Single-Family Condo
August
$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
+ 6.5% - 16.2% + 6.6% - 17.1%
2012 2011 2010 2012 2011 2010
$218,339
$150,143
$208,712
$138,950
$205,866
$136,367
Single-Family Condo
Year to Date
- 1.9% - 7.5% - 1.4% - 4.4%
2012 2011 2010 2012 2011 2010
Percent of List Price Received
MonthSingle-Family
YoYChg.
CondoYoYChg.
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% 92.6% - 1.8%
February 95.3% + 0.8% 93.3% - 0.4%
March 94.6% - 0.7% 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 94.8% + 0.6% 94.3% + 2.6%
August 94.6% + 0.7% 93.8% - 1.2%
Average 90.0% + 1.9% 88.1% + 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 | 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% 93.5% 94.0% 94.9% 94.6% 93.8%
Single-Family Condo
August
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
-1.2% +1.5% +0.7% -0.6%
2012 2011 2010 2012 2011 2010
94.6% 94.0% 94.3% 93.6% 95.1% 93.7%
Single-Family Condo
Year to Date
+0.1% -0.4% +0.9% -0.4%
2012 2011 2010 2012 2011 2010
Housing Affordability Index
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 140 + 15.7% 204 + 10.7%
October 140 + 2.0% 211 + 3.4%
November 147 + 9.5% 233 + 10.0%
December 144 + 12.3% 208 + 18.2%
January 148 + 3.2% 235 + 3.5%
February 144 + 6.2% 237 + 19.8%
March 151 + 8.9% 222 + 15.6%
April 152 + 21.0% 205 + 15.4%
May 150 + 10.3% 220 - 0.7%
June 155 + 8.4% 216 + 13.0%
July 150 + 20.0% 244 + 14.5%
August 151 + 8.0% 227 + 22.8%
Average 148 + 10.5% 222 + 12.2%
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
121
194
140
215
151
227
Single-Family Condo
August
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
+22.8% +4.6% +8.0% +13.6%
2012 2011 2010 2012 2011 2010
121
194
140
215
151
227
Single-Family Condo
Year to Date
+22.8% +4.6% +8.0% +13.6%
2012 2011 2010 2012 2011 2010
Inventory of Homes for Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 4,564 - 11.3% 4,470 - 13.4%
October 4,539 - 10.2% 4,433 - 11.0%
November 4,512 - 9.8% 4,446 - 9.4%
December 4,244 - 10.4% 4,291 - 8.8%
January 4,304 - 9.5% 4,356 - 6.8%
February 4,299 - 10.9% 4,366 - 6.8%
March 4,285 - 12.8% 4,321 - 8.3%
April 4,284 - 12.1% 4,181 - 12.0%
May 4,254 - 11.6% 4,134 - 12.4%
June 4,218 - 12.3% 3,992 - 15.0%
July 4,099 - 13.0% 3,894 - 16.0%
August 3,965 - 15.1% 3,701 - 18.6%
Average 3,173 - 16.5% 3,783 - 18.2%
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 | 12
The number of properties available for sale in active status at the end of a given month.
5,225 5,304
4,671 4,548
3,965 3,701
Single-Family Condo
August
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
-18.6% -14.3% -15.1% -10.6%
2012 2011 2010 2012 2011 2010
Months Supply of Inventory
MonthSingle-Family
YoYChg.
CondoYoYChg.
September 13.3 - 16.6% 15 - 16.5%
October 13.2 - 16.1% 15.1 - 12.6%
November 13.0 - 15.6% 15.2 - 9.7%
December 12.2 - 16.7% 14.6 - 9.8%
January 12.2 - 16.8% 14.7 - 9.2%
February 12.1 - 19.0% 14.7 - 7.4%
March 11.9 - 20.6% 14.5 - 7.5%
April 11.8 - 22.5% 13.8 - 12.5%
May 11.5 - 21.9% 13.5 - 13.4%
June 11.1 - 23.5% 12.8 - 18.6%
July 10.6 - 24.1% 12.2 - 21.1%
August 9.8 - 28.6% 11.3 - 25.4%
Average 9.0 - 29.1% 11.4 - 25.3%
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.
15.9
18.4
13.8 15.2
9.8 11.3
Single-Family Condo
August
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
-25.4% -17.7% -28.6% -13.5%
2012 2011 2010 2012 2011 2010
August 2012 Quick Facts
$250,001 to $300,000 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
+ 13.3% + 11.5%As the school-aged among us meander back into classrooms across the country, the rest of us continue to monitor key developments in local real estate. For the 12-month period spanning September 2011 through August 2012, Closed Sales in the Coastal Carolinas region were up 7.8 percent overall. The price range with the largest gain in sales was the $250,001 to $300,000 range, where they increased 13.3 percent.
The overall Median Sales Price was down 2.4 percent to $138,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 2.5 percent to $162,885. The price range that tended to sell the quickest was the $150,000 and Below range at 165 days; the price range that tended to sell the slowest was the $300,001 and Above range at 214 days.
Market-wide, inventory levels were down 16.8 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.1 percent. That amounts to 9.8 months supply for Single-Family homes and 11.3 months supply for Condos.
+ 11.1%
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 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
$150,000 and Below 3,882 4,341 + 11.8% 1,518 1,867 + 23.0% 2,364 2,474 + 4.7%
$150,001 to $200,000 1,350 1,400 + 3.7% 835 902 + 8.0% 515 498 - 3.3%
$200,001 to $250,000 809 806 - 0.4% 545 535 - 1.8% 264 271 + 2.7%
$250,001 to $300,000 527 597 + 13.3% 354 420 + 18.6% 173 177 + 2.3%
$300,001 and Above 953 960 + 0.7% 670 704 + 5.1% 283 256 - 9.5%
All Price Ranges 7,521 8,104 + 7.8% 3,465 3,862 + 11.5% 3,427 3,470 + 1.3%
By Bedroom Count 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
2 Bedrooms or Less 2,259 2,396 + 6.1% 235 299 + 27.2% 2,024 2,097 + 3.6%
3 Bedrooms 3,717 4,025 + 8.3% 2,527 2,842 + 12.5% 1,190 1,183 - 0.6%
4 Bedrooms or More 1,278 1,420 + 11.1% 1,160 1,287 + 10.9% 118 133 + 12.7%
All Bedroom Counts 7,521 8,104 + 7.8% 3,465 3,862 + 11.5% 3,427 3,470 + 1.3%
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
3,882
1,350
809 527
953
4,341
1,400
806 597
960
$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 8-2011 8-2012
2,259
3,717
1,278
2,396
4,025
1,420
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 8-2011 8-2012
+ 11.8%
3,465 3,427
3,862
3,470
Single-Family Homes Condos
By Property Type 8-2011 8-2012
+ 3.7% - 0.4% + 13.3% + 0.7% + 11.5% + 1.3% + 6.1% + 8.3% + 11.1%
Days on Market Until Sale
By Price Range 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
$150,000 and Below 168 165 - 2.0% 166 166 + 0.3% 170 164 - 3.6%
$150,001 to $200,000 181 183 + 1.1% 172 171 - 1.0% 196 206 + 5.2%
$200,001 to $250,000 176 186 + 5.7% 166 183 + 9.8% 195 192 - 1.6%
$250,001 to $300,000 191 199 + 4.0% 176 198 + 12.2% 224 201 - 10.4%
$300,001 and Above 215 214 - 0.4% 223 211 - 5.5% 194 224 + 15.7%
All Price Ranges 178 177 - 0.4% 177 178 + 0.7% 179 176 - 1.6%
By Bedroom Count 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
2 Bedrooms or Less 176 172 - 2.2% 174 178 + 2.3% 177 172 - 2.8%
3 Bedrooms 174 175 + 0.7% 170 172 + 1.4% 184 183 - 0.1%
4 Bedrooms or More 195 195 - 0.0% 194 192 - 0.8% 208 222 + 6.7%
All Bedroom Counts 178 177 - 0.4% 177 178 + 0.7% 179 176 - 1.6%
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
168 181 176
191
215
165 183 186
199 214
$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 8-2011 8-2012
176 174
195
172 175
195
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 8-2011 8-2012
- 2.0%
177
179
178
176
Single-Family Homes Condos
By Property Type 8-2011 8-2012
+ 1.1% + 5.7% + 4.0% - 0.4% + 0.7% - 1.6% - 2.2% + 0.7% - 0.0%
Median Sales Price
By Bedroom Count 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
2 Bedrooms or Less $97,000 $89,500 - 7.7% $100,000 $95,000 - 5.0% $96,000 $88,900 - 7.4%
3 Bedrooms $152,500 $149,995 - 1.6% $152,000 $148,000 - 2.6% $155,000 $157,500 + 1.6%
4 Bedrooms or More $257,262 $255,000 - 0.9% $255,000 $250,000 - 2.0% $283,000 $322,000 + 13.8%
All Bedroom Counts $141,400 $138,000 - 2.4% $167,000 $162,885 - 2.5% $110,250 $105,000 - 4.8%
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
$97,000
$152,500
$257,262
$89,500
$149,995
$255,000
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count 8-2011 8-2012
$141,400
$167,000
$110,250
$138,000
$162,885
$105,000
All Properties Single-Family Homes Condos
By Property Type 8-2011 8-2012
- 2.5% - 4.8% - 7.7% - 1.6% - 2.4% - 0.9%
Percent of List Price Received
By Price Range 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
$150,000 and Below 93.4% 93.7% + 0.3% 93.5% 94.1% + 0.6% 93.3% 93.3% 0.0%
$150,001 to $200,000 95.1% 95.4% + 0.3% 95.7% 96.2% + 0.5% 94.2% 94.1% - 0.1%
$200,001 to $250,000 94.9% 95.1% + 0.2% 95.6% 96.1% + 0.5% 93.7% 93.3% - 0.4%
$250,001 to $300,000 95.0% 95.7% + 0.7% 96.0% 96.1% + 0.1% 92.7% 94.5% + 1.9%
$300,001 and Above 93.2% 94.0% + 0.9% 92.6% 94.0% + 1.5% 94.5% 93.9% - 0.6%
All Price Ranges 93.9% 94.3% + 0.4% 94.3% 94.9% + 0.6% 93.5% 93.5% 0.0%
By Bedroom Count 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
2 Bedrooms or Less 93.1% 93.0% - 0.1% 92.0% 91.6% - 0.4% 93.3% 93.2% - 0.1%
3 Bedrooms 94.5% 95.0% + 0.5% 94.9% 95.4% + 0.5% 93.9% 94.0% + 0.1%
4 Bedrooms or More 93.6% 94.4% + 0.9% 93.6% 94.5% + 1.0% 93.8% 93.9% + 0.1%
All Bedroom Counts 93.9% 94.3% + 0.4% 94.3% 94.9% + 0.6% 93.5% 93.5% 0.0%
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
93.4%
95.1% 94.9% 95.0%
93.2%
93.7%
95.4% 95.1%
95.7%
94.0%
$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 8-2011 8-2012
93.1%
94.5%
93.6%
93.0%
95.0%
94.4%
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 8-2011 8-2012
+ 0.3%
94.3%
93.5%
94.9%
93.5%
Single-Family Homes Condos
By Property Type 8-2011 8-2012
+ 0.3% + 0.2% + 0.7% + 0.9% + 0.6% 0.0% - 0.1% + 0.5% + 0.9%
Inventory of Homes for Sale
By Price Range 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
$150,000 and Below 3,883 3,153 - 18.8% 1,425 1,105 - 22.5% 2,458 2,048 - 16.7%
$150,001 to $200,000 1,448 1,228 - 15.2% 791 690 - 12.8% 657 538 - 18.1%
$200,001 to $250,000 986 816 - 17.2% 582 511 - 12.2% 404 305 - 24.5%
$250,001 to $300,000 759 607 - 20.0% 471 384 - 18.5% 288 223 - 22.6%
$300,001 and Above 2,143 1,862 - 13.1% 1,402 1,275 - 9.1% 741 587 - 20.8%
All Price Ranges 9,219 7,666 - 16.8% 4,671 3,965 - 15.1% 4,548 3,701 - 18.6%
By Bedroom Count 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
2 Bedrooms or Less 2,904 2,394 - 17.6% 307 241 - 21.5% 2,597 2,153 - 17.1%
3 Bedrooms 4,084 3,365 - 17.6% 2,639 2,220 - 15.9% 1,445 1,145 - 20.8%
4 Bedrooms or More 1,967 1,694 - 13.9% 1,724 1,503 - 12.8% 243 191 - 21.4%
All Bedroom Counts 9,219 7,666 - 16.8% 4,671 3,965 - 15.1% 4,548 3,701 - 18.6%
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
3,883
1,448
986 759
2,143
3,153
1,228
816 607
1,862
$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 8-2011 8-2012
2,904
4,084
1,967
2,394
3,365
1,694
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 8-2011 8-2012
- 18.8%
4,671 4,548
3,965 3,701
Single-Family Homes Condos
By Property Type 8-2011 8-2012
- 15.2% - 17.2% - 20.0% - 13.1% - 15.1% - 18.6% - 17.6% - 17.6% - 13.9%
Months Supply of Inventory
By Price Range 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
$150,000 and Below 11.7 8.0 - 32.1% 10.8 6.4 - 41.0% 12.4 9.2 - 25.4%
$150,001 to $200,000 12.5 9.8 - 21.6% 10.9 8.6 - 21.3% 15.2 12.0 - 20.9%
$200,001 to $250,000 14.7 11.3 - 23.0% 12.8 10.6 - 16.8% 18.7 12.7 - 32.3%
$250,001 to $300,000 17.0 11.7 - 31.0% 15.3 10.4 - 31.8% 20.9 15.0 - 28.2%
$300,001 and Above 26.5 21.7 - 18.2% 24.0 19.7 - 17.6% 33.2 27.6 - 16.7%
All Price Ranges 14.4 10.5 - 27.2% 13.8 9.8 - 28.6% 15.2 11.3 - 25.4%
By Bedroom Count 8-2011 8-2012 Change 8-2011 8-2012 Change 8-2011 8-2012 Change
2 Bedrooms or Less 15.4 11.2 - 26.9% 16.0 8.9 - 44.6% 15.3 11.6 - 24.3%
3 Bedrooms 12.9 9.2 - 28.8% 12.1 8.5 - 29.3% 14.7 10.7 - 27.1%
4 Bedrooms or More 17.6 13.3 - 24.3% 16.9 12.9 - 23.6% 24.3 17.2 - 29.1%
All Bedroom Counts 14.4 10.5 - 27.2% 13.8 9.8 - 28.6% 15.2 11.3 - 25.4%
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
11.7 12.5 14.7
17.0
26.5
8.0 9.8
11.3 11.7
21.7
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
By Price Range 8-2011 8-2012
15.4
12.9
17.6
11.2
9.2
13.3
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 8-2011 8-2012
- 32.1%
13.8
15.2
9.8
11.3
Single-Family Homes Condos
By Property Type 8-2011 8-2012
- 21.6% - 23.0% - 31.0% - 18.2% - 28.6% - 25.4% - 26.9% - 28.8% - 24.3%