january, 2013 market report
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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
January 2013
Research powered by SiteTech Systems
Sales Volume Up……Sales Prices still Lagging After a strong 2012 which had double digit sales growth for Single Family Residential (SFR) and Condos, January was another solid month in Year over Year sales growth. In SFR, sales volume experienced its expected seasonal drop from December but was up 3.5% from 2012 and 16.3% from 2011. SFR inventory was flat with December but up 3.5% from its January 2012 level. The slight increase in inventory was mostly non-distressed listings as distressed inventory continues to decline. Driven by an uptick in percentage of SFR distressed sales, the median sales price fell to $160,000. This is 4.8% below its average for 2012. Condo inventory levels continue to tighten as its current level is 13.5% below its prior year level. Distressed condo listings continue to decline and represents a smaller sector of the total listings. Although condo sales had its expected seasonal downtick in volume, January volume was up 7.1% as compared to 2011 and 2012 levels. Offsetting an increase in sales activity, the median sales price for condo fell to $96,000 in January. This represents a 7.9% decline for its 2012 average. The decline was driven a decrease in the median sales price on non-distressed properties. Residential lot sales were up about 8% while sales prices remained in line with prior year levels. The level of distressed sales were up from the fourth quarter driven primary by a higher level of distressed SFR activity.
Grand Strand Active Inventory
Single Family Residential # Listings
Horry Co. 3,692
Georgetown Co. 802
Total 4,494
Average List Price $335,518
Median List Price $224,611
Condo/Townhome # Listings
Horry Co. 3,691
Georgetown Co. 395
Total 4,086
Average List Price $187,352
Median List Price $133,900
Horry Co.
G’town Co.
Less than $150k 1,038 81
$150k - $250k 1,354 183
$250k - $500k 964 279
$500k - $1.0 MM 249 141
$1 MM + 87 118
Horry Co.
G’town Co.
Less than $100k 1,287 52
$100k - $150k 895 89
$150k - $200k 585 70
$200k - $400k 689 96
$400k -$750k 185 58
$750+ 50 30
Distribution by Price Range
2 Research performed by SiteTech Systems
Residential Lot # Listings
Horry Co. 1,756
Georgetown Co. 752
Total 2,508
Average List Price $124,115
Median List Price $59,900
Horry Co.
G’town Co.
Less than $25k 311 64
$25k - $50k 664 95
$50k - $75k 259 81
$75k-100k 160 115
$100k-175k 166 148
$175k -250k 77 116
$250k+ 119 133
Grand Strand SFR Inventory Trends
Research performed by SiteTech Systems 3
January 2011 4,784
January 2012 4,340
January 2013 4,494
4,0004,2004,4004,6004,8005,0005,2005,4005,600
# of
Lis
tings
Grand Strand SFR Inventory
January 2011 886
January 2012 796
January 2013 641
600
650
700
750
800
850
900
950
# of
Dis
tres
sed
List
ings
Grand Strand Distressed SFR Listings
Grand Strand Condo Inventory Trends
Research performed by SiteTech Systems 4
January 2011 4,931 January 2012
4,725
January 2013 4,086
4,000
4,500
5,000
5,500
6,000
# of
Lis
tings
Grand Strand Condo Inventory
January 2011 915
January 2012 841
January 2013 594
550
600
650
700
750
800
850
900
950
1000
# of
Dis
tres
sed
Grand Strand Distressed Condo Listings
Closed Sales - SFR
January Year to Date
March 2006500
January 2009149
January 2013264
100150200250300350400450500550
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
5 Research performed by SiteTech Systems
227
255264
2011 2012 2013
227
255264
2011 2012 2013
Average Sales Price - SFR January Year to Date
March 2007$346,428
September 2012$197,947 January 2013
$210,519
$195,000
$225,000
$255,000
$285,000
$315,000
$345,000
$375,000
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
6 Research performed by SiteTech Systems
$204,882
$211,598 $210,519
2011 2012 2013
$204,882
$211,598 $210,519
2011 2012 2013
Median Sales Price - SFR January
$160,500
$165,000
$160,000
2011 2012 2013
Year to Date
June 2006$242,310 November 2012
$154,950
January 2013$160,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
7 Research performed by SiteTech Systems
$160,500
$165,000
$160,000
2011 2012 2013
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
$250,000Ja
n-10
Feb-
10M
ar-1
0Ap
r-10
May
-10
Jun-
10Ju
l-10
Aug-
10Se
p-10
Oct
-10
Nov
-10
Dec
-10
Jan-
11Fe
b-11
Mar
-11
Apr-
11M
ay-1
1Ju
n-11
Jul-1
1Au
g-11
Sep-
11O
ct-1
1N
ov-1
1D
ec-1
1Ja
n-12
Feb-
12M
ar-1
2Ap
r-12
May
-12
Jun-
12Ju
l-12
Aug-
12Se
p-12
Oct
-12
Nov
-12
Dec
-12
Jan-
13
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
Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May 12 Jul-12 Sep-12 Nov-12 Jan-13
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%
% Cash
% Conventional
Sold to List Price Ratio - SFR January
88%
90%
92%
2011 2012 2013
Year to Date
Dec '05- Jan '0698%
April 201186%
January 201392%
83
85
87
89
91
93
95
97
99
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
11 Research performed by SiteTech Systems
88%90%
92%
2011 2012 2013
Closed Sales - Condo January
210 210
225
2011 2012 2013
Year to Date
Historical Activity
12
May 2006845
January 2009117
January 2013225
50
250
450
650
850
1050
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Research performed by SiteTech Systems
210 210
225
2011 2012 2013
Average Sales Price - Condo January Year to Date
June 2007$348,053
December 2010$105,000
January 2013$131,518
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
13 Research performed by SiteTech Systems
$141,489
$123,565
$131,580
2011 2012 2013
$141,489
$123,565
$131,580
2011 2012 2013
Median Sales Price ‐ CondoJanuary
$105,950
$94,950 $96,000
2011 2012 2013
Year to Date
June 2007$249,921
November 2011$93,450
January 2013$96,000
$75,000
$125,000
$175,000
$225,000
$275,000
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
14Research performed by SiteTech Systems
$105,950
$94,950 $96,000
2011 2012 2013
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
Jan-
11
Feb-
11
Mar
-11
Apr-
11
May
-11
Jun-
11
Jul-1
1
Aug-
11
Sep-
11
Oct
-11
Nov
-11
Dec
-11
Jan-
12
Feb-
12
Mar
-12
Apr-
12
May
-12
Jun-
12
Ju1-
12
Aug-
12
Sep-
12
Oct
-12
Nov
-12
Dec
-12
Jan-
13
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
Jan-
11Fe
b-11
Mar
-11
Apr-
11M
ay-1
1Ju
n-11
Jul-1
1Au
g-11
Sep-
1111
-Oct
11-N
ovD
ec-1
1Ja
n-12
12-F
ebM
ar-1
2Ap
r-12
May
-12
Jun-
12Ju
l-12
Aug-
12Se
p-12
Oct
-12
Nov
-12
Dec
-12
Jan-
13
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%
Jan-
11Fe
b-11
Mar
-11
Apr-
11M
ay-1
1Ju
n-11
Jul-1
1Au
g-11
11-S
ep11
-Oct
11-N
ovD
ec-1
1Ja
n-12
12-F
ebM
ar-1
2Ap
r-12
May
-12
Jun-
12Ju
l-12
Aug-
12Se
p-12
Oct
-12
Nov
-12
Dec
-12
Jan-
13
% Cash
% Conventional
Sold to List Price Ratio - Condo January
87%
86%
87%
2011 2012 2013
Year to Date
December 200598%
April & May 200981%
January 201387%
75
80
85
90
95
100
105
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 10 Jan 12 Jan 13
Historical Activity
18 Research performed by SiteTech Systems
87%
86%
87%
2011 2012 2013
Closed Sales – Residential Lot
37
6368
2011 2012 2013
Year to Date
April 2006266
January 200911
January 201368
10
60
110
160
210
260
310
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
19
January
Research performed by SiteTech Systems
37
6368
2011 2012 2013
Average Sales Price – Residential LotJanuary Year to Date
July 2008$275,614
October 2011$35,780
January 2013$86,756
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
20Research performed by SiteTech Systems
$83,754
$64,587
$86,756
2011 2012 2013
$83,754
$64,587
$86,756
2011 2012 2013
Median Sales Price – Residential LotJanuary
$50,000
$32,000 $32,500
2011 2012 2013
Year to Date
August 2006$130,000
November 2011$15,000
January 2013$32,500
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
21Research performed by SiteTech Systems
$50,000
$32,000 $32,500
2011 2012 2013
Median Sales Price – Res. Lot (Non-Distressed) January
$85,000
$40,000$49,880
2011 2012 2013
Year to Date
Historical Activity
22 Research performed by SiteTech Systems
$85,000
$40,000$49,880
2011 2012 2013
January 2011 $85,000
October 2011 $23,250
January 2013 $49,880
$- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000
Sold to List Price Ratio – Residential Lot January Year to Date
67%
70%
74%
2011 2012 2013
April 200699%
November 201147%
January 201374%
40
50
60
70
80
90
100
110
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 Jan 13
Historical Activity
23 Research performed by SiteTech Systems
67%
70%
74%
2011 2012 2013
Grand Strand Distressed Inventory
Single Family Residential # Listings
Horry Co. 578
Georgetown Co. 63
Total 641
Average List Price $195,844
Median List Price $139,900
Condo/Townhome # Listings
Horry Co. 553
Georgetown Co. 41
Total 594
Average List Price $118,824
Median List Price $89,900
Horry Co.
G’town Co.
Less than $150k 330 21
$150k - $250k 137 22
$250k - $500k 86 15
$500k - $1.0 MM 21 4
$1 MM + 4 1
Distribution by Price Range
24 Research performed by SiteTech Systems
Residential Lot # Listings
Horry Co. 247
Georgetown Co. 91
Total 338
Average List Price $62,169
Median List Price $35,000
Horry Co.
G’town Co.
Less than $25k 85 23
$25k - $50k 95 23
$50k - $75k 30 9
$75k-100k 13 16
$100k-175k 16 10
$175k -250K 2 7
$250K + 6 3
Horry Co.
G’town Co.
Less than $100k 340 17
$100k - $150k 85 10
$150k - $200k 59 6
$200k - $400k 62 4
$400k -$750k 5 4
$750+ 2 -
Distressed Sales Total
Jan Mar May July Sept Nov Jan
SFR
Jan Mar May Jul Sep Nov Jan
Condo
25 Research performed by SiteTech Systems
Jan Mar May Jul Sep Nov Jan
% Total Sales
37 32 33
28 28 29 29 29 29 23 25 25 27
Jan Mar May Jul Sep Nov Jan
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
January 2013 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
+ 10.3%Change in
Closed SalesSingle-Family Only
Click on desired metric to jump to that page.
The idea of doing data analysis is about as exciting to some as renewing a driver's license. Sometimes watching monthly figures can feel like watching grass grow. Try to ignore the confusion of high school statistics class – those regressions and cotangents can't hurt you anymore. The number crunching is done for you, so let the trend be your friend. And for the first time since 2006, the numbers are largely positive. Let's look at the cheat sheet.
New Listings in the Coastal Carolinas region were up 9.8 percent for detached homes but decreased 4.1 percent for condos. Pending Sales increased 59.0 percent for single-family homes and 24.3 percent for condos.
The Median Sales Price was down 3.1 percent to $155,000 for single-family properties but increased 4.8 percent to $98,000 for condo units. Months Supply of Inventory decreased 28.5 percent for single-family units and 31.9 percent for townhouse-condo units.
It's important to watch the economy, since job growth directly fuels home purchases and since the housing industry generates jobs. The economy has added about 6.1 million jobs over the past 35 months, a sluggish but encouraging trend. Interest rates are slowly moving higher in some regions, though the affordability picture remains extremely attractive.
+ 11.9%Change in
Closed SalesCondo Only
+ 11.0%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 1-2012 1-2013 + / – YTD 2012 YTD 2013 + / –
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
301 + 10.3%
148
4,307
183 160
163 + 9.5%
--
$203,310 $197,758 - 2.7%
$159,900 $155,000
$197,758
95.5% 94.7%
Housing Affordability Index
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent ofList Price Received
$203,310
273 301 + 10.3% 273
New Listings
Pending Sales
Closed Sales
+ 9.8%
339 539 + 59.0% 339 539 + 59.0%
839764 839 + 9.8% 764
$159,900 $155,000
- 0.8%
- 12.7% 183 160 - 12.7%
- 3.1%
- 0.8% 95.5% 94.7%
- 2.7%
- 3.1%
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 | 2
12.2
163 + 9.5%
- 11.4%
- 28.5%
3,816
8.8
148
--
-- --
--
--Months Supplyof Homes for Sale
Inventory of Homes for Sale
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
Condo Market Overview
Key Metrics Historical Sparklines 1-2012 1-2013 + / – YTD 2012 YTD 2013 + / –
Key market metrics for the current month and year-to-date figures for Condo Properties Only.
- 4.1%
Pending Sales 309 384 + 24.3% 309 384 + 24.3%
New Listings 704 675 - 4.1% 704 675
+ 11.9%
Days on Market Until Sale 183 186 + 1.9% 183 186 + 1.9%
Closed Sales 210 235 + 11.9% 210 235
+ 4.8%
Average Sales Price $123,343 $132,869 + 7.7% $123,343 $132,869 + 7.7%
Median Sales Price $93,500 $98,000 + 4.8% $93,500 $98,000
+ 1.3%
Housing Affordability Index 235 243 + 8.6% 235 243 + 8.6%
Percent ofList Price Received
92.6% 93.8% + 1.3% 92.6% 93.8%
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 | 3
--
Months Supplyof Homes for Sale
14.8 10.1 - 31.9% -- -- --
Inventory of Homes for Sale 4,388 3,468 - 21.0% -- --
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
1-2010 1-2011 1-2012 1-2013
New Listings
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 703 - 8.5% 609 - 2.1%
March 803 - 11.0% 658 - 13.4%
April 743 + 0.4% 617 - 15.8%
May 807 + 17.5% 600 + 8.3%
June 754 + 2.6% 503 - 15.7%
July 689 + 6.3% 521 - 5.6%
August 754 + 6.2% 501 - 10.5%
September 684 + 13.8% 458 - 9.1%
October 731 + 15.3% 553 + 2.0%
November 656 + 8.4% 467 - 16.5%
December 501 + 10.1% 337 - 23.9%
January 839 + 9.8% 675 - 4.1%
Total 8,664 + 5.0% 6,609 - 9.1%
+
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 | 4
A count of the properties that have been newly listed on the market in a given month.
766
649
764
704
839
675
Single-Family Condo
January
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 1-2013
Historical New Listing Activity Single-Family Condo
-4.1% +8.5% +9.8% -0.3%
2013 2012 2011 2013 2012 2011
766
649
764
704
839
675
Single-Family Condo
Year to Date
-4.1% +8.5% +9.8% -0.3%
2013 2012 2011 2013 2012 2011
Pending Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 410 + 20.9% 337 + 1.5%
March 471 + 10.6% 396 - 0.3%
April 436 + 12.7% 427 + 13.6%
May 473 + 23.2% 355 + 12.3%
June 466 + 28.0% 341 + 22.7%
July 437 + 10.9% 338 + 25.2%
August 460 + 29.2% 351 + 6.4%
September 397 + 16.1% 350 + 33.6%
October 475 + 43.1% 345 + 33.2%
November 350 + 16.7% 266 + 13.2%
December 314 + 22.2% 235 + 22.4%
January 539 + 59.0% 384 + 24.3%
Total 5,228 + 23.9% 4,181 + 16.1%
+
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.
295 269
339 309
539
384
Single-Family Condo
January
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 1-2013
Historical Pending Sales Activity Single-Family Condo
+24.3% +14.9% +59.0% +14.9%
2013 2012 2011 2013 2012 2011
295 269
339 309
539
384
Single-Family Condo
Year to Date
+24.3% +14.9% +59.0% +14.9%
2013 2012 2011 2013 2012 2011
Closed Sales
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 296 + 17.5% 271 + 13.4%
March 387 + 6.9% 355 - 6.3%
April 369 + 0.8% 355 - 4.8%
May 429 + 19.2% 405 + 14.7%
June 455 + 12.3% 393 + 10.7%
July 453 + 29.8% 311 + 9.5%
August 468 + 19.7% 356 + 23.2%
September 402 + 13.9% 291 - 2.3%
October 431 + 25.7% 362 + 36.6%
November 426 + 26.4% 332 + 38.9%
December 402 + 24.5% 274 + 5.8%
January 301 + 10.3% 235 + 11.9%
Total 4,819 + 17.1% 3,998 + 11.6%
+
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 | 6
A count of the actual sales that have closed in a given month.
243
210
273
210
301
235
Single-Family Condo
January
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 1-2013
Historical Closed Sales Activity Single-Family Condo
+11.9% 0.0% +10.3% +12.3%
2013 2012 2011 2013 2012 2011
243
210
273
210
301
235
Single-Family Condo
Year to Date
+11.9% 0.0% +10.3% +12.3%
2013 2012 2011 2013 2012 2011
Days on Market Until Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 185 + 16.4% 184 + 5.7%
March 177 - 3.6% 166 - 2.9%
April 175 - 3.7% 170 - 1.0%
May 182 + 13.0% 170 - 9.3%
June 175 - 4.7% 183 - 0.2%
July 162 - 11.1% 170 - 8.3%
August 172 - 1.3% 171 - 2.8%
September 149 - 16.1% 167 - 15.0%
October 157 - 21.2% 182 - 6.8%
November 157 - 14.1% 187 + 10.7%
December 173 - 2.0% 200 + 21.0%
January 160 - 12.7% 186 + 1.9%
Total 168 - 6.0% 177 - 1.3%
+
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 | 7
Average number of days between when a property is listed and when an offer is accepted in a given month.
196 186 183 183
160
186
Single-Family Condo
January
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 1-2013
Historical Days on Market Until Sale Single-Family Condo
+1.9% -1.9% -12.7% -6.7%
2013 2012 2011 2013 2012 2011
196 186 183 183
160
186
Single-Family Condo
Year to Date
+1.9% -1.9% -12.7% -6.7%
2013 2012 2011 2013 2012 2011
Median Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 170,450 + 3.3% 95,000 - 5.0%
March 160,000 - 10.1% 103,100 - 6.2%
April 158,000 + 0.0% 115,500 + 15.5%
May 161,000 + 0.6% 105,000 - 4.5%
June 158,000 - 11.2% 110,000 - 6.4%
July 165,713 + 2.1% 95,000 - 13.6%
August 166,275 + 2.2% 102,897 + 3.0%
September 154,900 - 5.7% 102,000 - 6.2%
October 159,500 - 4.8% 103,000 - 1.9%
November 155,000 - 1.3% 104,250 + 13.3%
December 164,228 + 1.2% 110,000 + 2.3%
January 155,000 - 3.1% 98,000 + 4.8%
Median 160,000 - 3.0% 105,000 - 2.3%
+
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 | 8
Median price point for all closed sales, not accounting for seller concessions, in a given month.
$156,000
$107,450
$159,900
$93,500
$155,000
$98,000
Single-Family Condo
January
$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 1-2013
Historical Median Sales Price Single-Family Condo
+4.8% -13.0% -3.1% +2.5%
2013 2012 2011 2013 2012 2011
$156,000
$107,450
$159,900
$93,500
$155,000
$98,000
Single-Family Condo
Year to Date
+4.8% -13.0% -3.1% +2.5%
2013 2012 2011 2013 2012 2011
Average Sales Price
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 205,136 - 1.9% 129,324 + 3.0%
March 210,628 - 8.9% 130,396 - 9.3%
April 193,971 - 7.3% 143,335 + 10.5%
May 200,760 + 2.2% 143,856 - 3.7%
June 215,293 - 4.4% 142,841 - 2.6%
July 205,412 + 1.0% 135,288 - 6.9%
August 208,071 + 6.3% 129,716 + 5.1%
September 188,817 - 9.1% 128,713 - 6.5%
October 197,444 - 10.2% 133,098 - 13.7%
November 194,857 - 5.2% 133,776 + 1.3%
December 204,608 - 7.5% 145,909 + 9.8%
January 197,758 - 2.7% 132,869 + 7.7%
Average 185,711 - 4.9% 136,111 - 1.1%
+
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 | 9
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$193,351
$143,550
$203,310
$123,343
$197,758
$132,869
Single-Family Condo
January
$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 1-2013
Historical Average Sales Price Single-Family Condo
+ 7.7% - 14.1% - 2.7% + 5.2%
2013 2012 2011 2013 2012 2011
$193,351
$143,550
$203,310
$123,343
$197,758
$132,869
Single-Family Condo
Year to Date
+ 7.7% - 14.1% - 2.7% + 5.2%
2013 2012 2011 2013 2012 2011
Percent of List Price Received
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 95.3% + 0.9% 93.3% - 0.3%
March 94.5% - 0.8% 93.0% - 0.5%
April 95.1% + 1.3% 94.7% + 1.0%
May 95.2% + 1.4% 93.7% - 0.1%
June 96.1% + 1.9% 93.9% + 0.6%
July 94.9% + 0.6% 94.2% + 2.5%
August 94.6% + 0.7% 93.9% - 1.1%
September 94.8% + 0.1% 94.0% + 0.9%
October 95.7% + 1.5% 93.9% + 2.1%
November 95.6% + 1.5% 93.6% - 0.1%
December 95.2% + 1.2% 94.1% + 1.0%
January 94.7% - 0.8% 93.8% + 1.3%
Average 90.9% + 2.6% 88.6% + 1.6%
+
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 | 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.
94.0% 94.3% 95.5% 92.6% 94.7% 93.8%
Single-Family Condo
January
90%
92%
94%
96%
98%
100%
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Historical Percent of List Price Received Single-Family Condo
+1.3% -1.8% -0.8% +1.6%
2013 2012 2011 2013 2012 2011
94.0% 94.3% 95.5% 92.6% 94.7% 93.8%
Single-Family Condo
Year to Date
+1.3% -1.8% -0.8% +1.6%
2013 2012 2011 2013 2012 2011
Housing Affordability Index
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 144 + 6.2% 237 + 19.8%
March 151 + 8.9% 223 + 15.6%
April 152 + 21.0% 204 + 16.2%
May 150 + 10.3% 220 - 1.0%
June 155 + 8.7% 216 + 13.0%
July 151 + 20.0% 244 + 14.5%
August 151 + 8.7% 231 + 22.8%
September 163 + 7.8% 237 + 7.1%
October 159 + 16.4% 234 + 16.2%
November 163 + 13.8% 233 + 10.8%
December 157 + 10.9% 226 + 0.2%
January 163 + 9.5% 243 + 8.6%
Average 155 + 11.8% 229 + 12.0%
+
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
139
196
148
235
163
243
Single-Family Condo
January
75
100
125
150
175
200
225
250
1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Historical Housing Affordability Index Single-Family Condo
+8.6% +3.5% +9.5% +3.2%
2013 2012 2011 2013 2012 2011
139
196
148
235
163
243
Single-Family Condo
Year to Date
+8.6% +3.5% +9.5% +3.2%
2013 2012 2011 2013 2012 2011
Inventory of Homes for Sale
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 4,306 - 10.8% 4,398 - 6.2%
March 4,293 - 12.7% 4,355 - 7.7%
April 4,294 - 11.9% 4,223 - 11.2%
May 4,279 - 11.0% 4,191 - 11.3%
June 4,266 - 11.3% 4,068 - 13.5%
July 4,192 - 11.0% 3,985 - 14.2%
August 4,198 - 10.1% 3,898 - 14.4%
September 4,173 - 8.4% 3,739 - 16.5%
October 4,050 - 10.6% 3,664 - 17.6%
November 4,045 - 10.2% 3,626 - 18.7%
December 3,852 - 9.2% 3,456 - 19.8%
January 3,816 - 11.4% 3,468 - 21.0%
Average 3,040 - 12.6% 3,538 - 20.7%
+
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 | 12
The number of properties available for sale in active status at the end of a given month.
4,752 4,674 4,307 4,388
3,816 3,468
Single-Family Condo
January
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 1-2013
Historical Inventory of Homes for Sale Single-Family Condo
-21.0% -6.1% -11.4% -9.4%
2013 2012 2011 2013 2012 2011
Months Supply of Inventory
MonthSingle-Family
YoYChg.
CondoYoYChg.
February 12.0 - 19.1% 15 - 6.7%
March 11.9 - 20.9% 14.7 - 6.7%
April 11.8 - 22.8% 14.0 - 11.4%
May 11.5 - 21.9% 13.8 - 11.8%
June 11.2 - 23.2% 13.1 - 16.4%
July 10.9 - 22.2% 12.6 - 18.6%
August 10.7 - 22.5% 12.3 - 19.1%
September 10.5 - 20.8% 11.5 - 23.6%
October 9.9 - 24.8% 11.1 - 27.2%
November 9.8 - 24.9% 10.9 - 29.0%
December 9.2 - 24.5% 10.2 - 30.3%
January 8.8 - 28.5% 10.1 - 31.9%
Average 7.9 - 29.9% 10.2 - 31.7%
+
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 | 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.
14.7 16.2
12.2
14.8
8.8 10.1
Single-Family Condo
January
0
5
10
15
20
25
30
1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013
Historical Months Supply of Inventory Single-Family Condo
-31.9% -8.4% -28.5% -16.7%
2013 2012 2011 2013 2012 2011
January 2013 Quick Facts
$150,000 and Below 3 Bedrooms
234567
Housing Supply Overview
+ 16.5% + 16.9%The first month of 2013 looks very similar to 2012, as most metrics continue to indicate market recovery. For the 12-month period spanning February 2012 through January 2013, Closed Sales in the Coastal Carolinas region were up 14.4 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 16.5 percent.
The overall Median Sales Price was down 0.1 percent to $138,900. The property type with the smallest price decline was the Condo segment, where prices decreased 1.9 percent to $105,000. The price range that tended to sell the quickest was the $150,000 and Below range at 161 days; the price range that tended to sell the slowest was the $300,001 and Above range at 207 days.
Market-wide, inventory levels were down 16.2 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 11.4 percent. That amounts to 8.8 months supply for Single-Family homes and 10.1 months supply for Condos.
+ 17.4%
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
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
Closed Sales
By Price Range 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
$150,000 and Below 4,057 4,727 + 16.5% 1,679 2,077 + 23.7% 2,378 2,650 + 11.4%
$150,001 to $200,000 1,321 1,538 + 16.4% 843 997 + 18.3% 478 541 + 13.2%
$200,001 to $250,000 782 872 + 11.5% 518 575 + 11.0% 264 297 + 12.5%
$250,001 to $300,000 546 616 + 12.8% 379 426 + 12.4% 167 190 + 13.8%
$300,001 and Above 951 1,006 + 5.8% 695 744 + 7.1% 256 262 + 2.3%
All Price Ranges 7,657 8,759 + 14.4% 3,628 4,240 + 16.9% 3,362 3,727 + 10.9%
By Bedroom Count 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
2 Bedrooms or Less 2,261 2,578 + 14.0% 250 324 + 29.6% 2,011 2,254 + 12.1%
3 Bedrooms 3,776 4,433 + 17.4% 2,638 3,129 + 18.6% 1,138 1,304 + 14.6%
4 Bedrooms or More 1,347 1,493 + 10.8% 1,226 1,365 + 11.3% 121 128 + 5.8%
All Bedroom Counts 7,657 8,759 + 14.4% 3,628 4,240 + 16.9% 3,362 3,727 + 10.9%
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
4,057
1,321
782 546
951
4,727
1,538
872 616
1,006
$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 1-2012 1-2013
2,261
3,776
1,347
2,578
4,433
1,493
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 1-2012 1-2013
+ 16.5%
3,628 3,362
4,240
3,727
Single-Family Homes Condos
By Property Type 1-2012 1-2013
+ 16.4% + 11.5% + 12.8% + 5.8% + 16.9% + 10.9% + 14.0% + 17.4% + 10.8%
Days on Market Until Sale
By Price Range 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
$150,000 and Below 169 161 - 4.8% 169 157 - 7.2% 170 165 - 2.9%
$150,001 to $200,000 186 173 - 7.3% 174 156 - 10.4% 208 204 - 1.9%
$200,001 to $250,000 175 188 + 7.7% 171 183 + 7.1% 182 198 + 8.8%
$250,001 to $300,000 192 192 - 0.2% 181 187 + 3.3% 220 204 - 6.9%
$300,001 and Above 217 207 - 4.4% 220 201 - 8.8% 207 227 + 10.1%
All Price Ranges 179 172 - 3.9% 179 168 - 6.0% 180 177 - 1.4%
By Bedroom Count 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
2 Bedrooms or Less 177 171 - 3.3% 174 163 - 6.1% 177 172 - 2.9%
3 Bedrooms 175 170 - 2.8% 172 163 - 5.4% 180 186 + 3.2%
4 Bedrooms or More 198 185 - 6.4% 195 182 - 6.6% 228 220 - 3.7%
All Bedroom Counts 179 172 - 3.9% 179 168 - 6.0% 180 177 - 1.4%
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
169 186
175 192
217
161 173
188 192 207
$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 1-2012 1-2013
177 175
198
171 170
185
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 1-2012 1-2013
- 4.8%
179 180
168
177
Single-Family Homes Condos
By Property Type 1-2012 1-2013
- 7.3% + 7.7% - 0.2% - 4.4% - 6.0% - 1.4% - 3.3% - 2.8% - 6.4%
Median Sales Price
By Bedroom Count 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
2 Bedrooms or Less $92,000 $90,000 - 2.2% $94,850 $95,000 + 0.2% $91,000 $89,900 - 1.2%
3 Bedrooms $150,000 $149,900 - 0.1% $148,900 $147,900 - 0.7% $155,000 $155,900 + 0.6%
4 Bedrooms or More $255,000 $250,000 - 2.0% $250,250 $246,990 - 1.3% $280,000 $291,750 + 4.2%
All Bedroom Counts $139,000 $138,900 - 0.1% $165,000 $160,000 - 3.0% $107,000 $105,000 - 1.9%
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
$92,000
$150,000
$255,000
$90,000
$149,900
$250,000
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count 1-2012 1-2013
$139,000
$165,000
$107,000
$138,900
$160,000
$105,000
All Properties Single-Family Homes Condos
By Property Type 1-2012 1-2013
- 3.0% - 1.9% - 2.2% - 0.1% - 0.1% - 2.0%
Percent of List Price Received
By Price Range 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
$150,000 and Below 93.3% 93.9% + 0.6% 93.5% 94.3% + 0.9% 93.2% 93.5% + 0.3%
$150,001 to $200,000 95.1% 95.8% + 0.7% 95.9% 96.5% + 0.6% 93.8% 94.7% + 1.0%
$200,001 to $250,000 94.8% 95.5% + 0.7% 95.5% 96.2% + 0.7% 93.3% 94.2% + 1.0%
$250,001 to $300,000 95.0% 95.8% + 0.8% 96.0% 96.3% + 0.3% 92.5% 94.6% + 2.3%
$300,001 and Above 93.4% 94.6% + 1.3% 93.2% 94.5% + 1.4% 94.0% 94.8% + 0.9%
All Price Ranges 93.9% 94.6% + 0.7% 94.4% 95.2% + 0.8% 93.3% 93.8% + 0.5%
By Bedroom Count 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
2 Bedrooms or Less 93.0% 93.3% + 0.3% 91.2% 92.3% + 1.2% 93.2% 93.4% + 0.2%
3 Bedrooms 94.6% 95.2% + 0.6% 95.0% 95.6% + 0.6% 93.7% 94.5% + 0.9%
4 Bedrooms or More 93.6% 94.9% + 1.4% 93.6% 94.9% + 1.4% 93.5% 94.9% + 1.5%
All Bedroom Counts 93.9% 94.6% + 0.7% 94.4% 95.2% + 0.8% 93.3% 93.8% + 0.5%
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
93.3%
95.1% 94.8%
95.0%
93.4%
93.9%
95.8%
95.5%
95.8%
94.6%
$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 1-2012 1-2013
93.0%
94.6%
93.6%
93.3%
95.2% 94.9%
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 1-2012 1-2013
+ 0.6%
94.4%
93.3%
95.2%
93.8%
Single-Family Homes Condos
By Property Type 1-2012 1-2013
+ 0.7% + 0.7% + 0.8% + 1.3% + 0.8% + 0.5% + 0.3% + 0.6% + 1.4%
Inventory of Homes for Sale
By Price Range 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
$150,000 and Below 3,748 2,988 - 20.3% 1,304 1,046 - 19.8% 2,444 1,942 - 20.5%
$150,001 to $200,000 1,381 1,213 - 12.2% 739 680 - 8.0% 642 533 - 17.0%
$200,001 to $250,000 909 796 - 12.4% 561 525 - 6.4% 348 271 - 22.1%
$250,001 to $300,000 658 546 - 17.0% 383 354 - 7.6% 275 192 - 30.2%
$300,001 and Above 1,999 1,741 - 12.9% 1,320 1,211 - 8.3% 679 530 - 21.9%
All Price Ranges 8,695 7,284 - 16.2% 4,307 3,816 - 11.4% 4,388 3,468 - 21.0%
By Bedroom Count 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
2 Bedrooms or Less 2,769 2,250 - 18.7% 280 245 - 12.5% 2,489 2,005 - 19.4%
3 Bedrooms 3,860 3,165 - 18.0% 2,447 2,124 - 13.2% 1,413 1,041 - 26.3%
4 Bedrooms or More 1,814 1,642 - 9.5% 1,580 1,446 - 8.5% 234 196 - 16.2%
All Bedroom Counts 8,695 7,284 - 16.2% 4,307 3,816 - 11.4% 4,388 3,468 - 21.0%
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
3,748
1,381
909 658
1,999
2,988
1,213
796 546
1,741
$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 1-2012 1-2013
2,769
3,860
1,814
2,250
3,165
1,642
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 1-2012 1-2013
- 20.3%
4,307 4,388
3,816 3,468
Single-Family Homes Condos
By Property Type 1-2012 1-2013
- 12.2% - 12.4% - 17.0% - 12.9% - 11.4% - 21.0% - 18.7% - 18.0% - 9.5%
Months Supply of Inventory
By Price Range 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
$150,000 and Below 11.0 7.2 - 34.5% 9.1 5.7 - 38.1% 12.3 8.4 - 31.6%
$150,001 to $200,000 12.3 8.8 - 28.2% 10.3 7.6 - 25.6% 15.9 11.0 - 30.9%
$200,001 to $250,000 13.7 9.8 - 28.4% 12.6 9.3 - 26.1% 15.9 10.9 - 31.5%
$250,001 to $300,000 13.9 10.2 - 26.6% 11.6 9.5 - 18.3% 19.3 11.9 - 38.1%
$300,001 and Above 24.9 19.1 - 23.5% 22.2 17.8 - 19.9% 32.6 22.8 - 30.1%
All Price Ranges 13.4 9.3 - 30.4% 12.2 8.8 - 28.5% 14.8 10.1 - 31.9%
By Bedroom Count 1-2012 1-2013 Change 1-2012 1-2013 Change 1-2012 1-2013 Change
2 Bedrooms or Less 14.6 10.1 - 30.6% 13.2 9.1 - 31.1% 14.8 10.3 - 30.5%
3 Bedrooms 12.0 7.9 - 34.3% 10.8 7.5 - 30.7% 15.0 8.9 - 40.3%
4 Bedrooms or More 15.8 12.0 - 23.8% 15.1 11.5 - 23.8% 22.1 17.7 - 20.0%
All Bedroom Counts 13.4 9.3 - 30.4% 12.2 8.8 - 28.5% 14.8 10.1 - 31.9%
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
11.0 12.3
13.7 13.9
24.9
7.2 8.8
9.8 10.2
19.1
$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 1-2012 1-2013
14.6
12.0
15.8
10.1
7.9
12.0
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count 1-2012 1-2013
- 34.5%
12.2
14.8
8.8
10.1
Single-Family Homes Condos
By Property Type 1-2012 1-2013
- 28.2% - 28.4% - 26.6% - 23.5% - 28.5% - 31.9% - 30.6% - 34.3% - 23.8%
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