April 2018 Quick Facts

One-Year Change in One-Year Change inClosed Sales Median Sales Price

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101112

Monthly Indicators

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 1

Pending Sales

Closed Sales

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of List Price Received

Months Supply

A research tool provided by the Aiken Association of REALTORS®. Percent changes are calculated using rounded figures.

Market Overview

New Listings

Housing Affordability Index

Inventory of Homes for Sale

Months Supply of Inventory

Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale. We are finally beginning to see some upward movement in new listings after at least two years of a positive outlook. There may not be massive increases in inventory from week to week, but a longer-term trend toward more new listings would be a good sign. Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months.

New Listings were up 4.4 percent to 239. Pending Sales increased 3.7 percent to 222. Inventory shrank 16.6 percent to 1,088 units.

Prices moved higher as Median Sales Price was up 10.9 percent to $177,420. Days on Market decreased 10.3 percent to 157 days. Months Supply of Inventory was down 25.0 percent to 5.4 months, indicating that demand increased relative to supply.

This winter and spring exhibited unseasonal weather patterns in much of the country. As the seasons change to something more palatable, wages and consumer spending are both up, on average, which should translate positively for the housing market. Being quick with an offer is still the rule of the day as the number of days a home stays on the market drops lower. If that wasn't enough for buyers to mull over with each potential offer, being aware of pending mortgage rate increases is once again in fashion.

+ 6.5% + 10.9% - 25.0%One-Year Change in

Market Overview

04-2016 04-2018

Closed Sales 184 196 + 6.5% 676 688 + 1.8%

Key market metrics for the current month and year-to-date figures.

New Listings 229 239 + 4.4% 992 - 1.0%

Pending Sales 214 222 + 3.7% 763 801 + 5.0%

1,002

Historical Sparkbars

- 0.3%

Average Sales Price $170,165 $193,637 + 13.8% $172,627 $185,177

- 9.6%

Median Sales Price $159,950 $177,420 + 10.9% $162,500 $165,250 + 1.7%

Days on Market 175 157 - 10.3% 167 151

- 2.1%

Inventory of Homes for Sale 1,304 1,088 - 16.6% -- -- --

Housing Affordability Index 148 134 - 9.5% 146 143

--Months Supply of Inventory

+ 0.1% 96.3% 96.0%

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 2

04-201704-2017 04-2018 Percent Change YTD 2017 YTD 2018 Percent ChangeKey Metrics

7.2 5.4 - 25.0% -- --

+ 7.3%

Pct. of List Price Received 96.6% 96.7%

New Listings

Prior Year Percent Change

May 2017 300 278 +7.9%

June 2017 293 282 +3.9%

July 2017 271 261 +3.8%

August 2017 265 229 +15.7%

September 2017 212 235 -9.8%

October 2017 227 226 +0.4%

November 2017 237 201 +17.9%

December 2017 156 143 +9.1%

January 2018 258 223 +15.7%

February 2018 226 224 +0.9%

March 2018 269 326 -17.5%

April 2018 239 229 +4.4%

12-Month Avg 246 238 +3.4%

Historical New Listings by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 3

A count of the properties that have been newly listed on the market in a given month.

New Listings

246229 239

2016 2017 2018

April

0

100

200

300

400

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

1,052 1,002 992

2016 2017 2018

Year to Date

- 1.0%- 6.9% + 4.4% - 4.8%- 18.5% - 2.8%

Pending Sales

Pending Sales Prior Year Percent Change

May 2017 223 203 +9.9%

June 2017 204 203 +0.5%

July 2017 218 155 +40.6%

August 2017 203 214 -5.1%

September 2017 212 190 +11.6%

October 2017 209 165 +26.7%

November 2017 174 163 +6.7%

December 2017 157 128 +22.7%

January 2018 182 174 +4.6%

February 2018 174 170 +2.4%

March 2018 223 205 +8.8%

April 2018 222 214 +3.7%

12-Month Avg 200 182 +9.9%

Historical Pending Sales by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 4

A count of the properties on which offers have been accepted in a given month.

186214 222

2016 2017 2018

April

50

100

150

200

250

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

737 763 801

2016 2017 2018

Year to Date

+ 5.0%+ 15.1% + 3.7% + 3.5%- 7.5% + 7.1%

Closed Sales

Prior Year Percent Change

May 2017 223 222 +0.5%

June 2017 234 219 +6.8%

July 2017 207 217 -4.6%

August 2017 218 172 +26.7%

September 2017 204 200 +2.0%

October 2017 203 196 +3.6%

November 2017 207 157 +31.8%

December 2017 172 174 -1.1%

January 2018 151 130 +16.2%

February 2018 158 159 -0.6%

March 2018 183 203 -9.9%

April 2018 196 184 +6.5%

12-Month Avg 196 186 +5.5%

Historical Closed Sales by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 5

A count of the actual sales that closed in a given month.

Closed Sales

50

100

150

200

250

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

166184

196

2016 2017 2018

April

626676 688

2016 2017 2018

Year to Date

+ 10.8% + 6.5% + 8.0% + 1.8%- 11.2% + 3.5%

Days on Market Until Sale

Prior Year Percent Change

May 2017 153 167 -8.4%

June 2017 150 166 -9.6%

July 2017 151 147 +2.7%

August 2017 131 150 -12.7%

September 2017 153 166 -7.8%

October 2017 135 168 -19.6%

November 2017 152 167 -9.0%

December 2017 151 171 -11.7%

January 2018 156 164 -4.9%

February 2018 145 166 -12.7%

March 2018 146 164 -11.0%

April 2018 157 175 -10.3%

12-Month Avg* 148 164 -9.8%

Historical Days on Market Until Sale by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 6

Average number of days between when a property is listed and when an offer is accepted in a given month.

Days on Market

* Average Days on Market of all properties from May 2017 through April 2018. This is not the average of the individual figures above.

161175

157

2016 2017 2018

April

120

140

160

180

200

220

240

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

178167

151

2016 2017 2018

Year to Date

- 9.6%+ 8.7% - 10.3% - 6.2%- 17.0% - 3.3%

Median Sales Price

Prior Year Percent Change

May 2017 $164,665 $150,000 +9.8%

June 2017 $171,600 $175,000 -1.9%

July 2017 $160,000 $166,000 -3.6%

August 2017 $164,950 $157,500 +4.7%

September 2017 $165,000 $164,007 +0.6%

October 2017 $160,000 $155,400 +3.0%

November 2017 $178,000 $145,000 +22.8%

December 2017 $174,500 $168,000 +3.9%

January 2018 $154,000 $162,000 -4.9%

February 2018 $164,450 $163,614 +0.5%

March 2018 $162,000 $164,900 -1.8%

April 2018 $177,420 $159,950 +10.9%

12-Month Med* $167,000 $160,000 +4.4%

Historical Median Sales Price by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 7

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

Median Sales Price

* Median Sales Price of all properties from May 2017 through April 2018. This is not the median of the individual figures above.

$144,200$159,950

$177,420

2016 2017 2018

April

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

$145,000

$162,500 $165,250

2016 2017 2018

Year to Date

+ 1.7%+ 10.9% + 10.9% + 12.1%- 0.5% + 3.6%

Average Sales Price

Prior Year Percent Change

May 2017 $189,570 $171,010 +10.9%

June 2017 $187,744 $201,259 -6.7%

July 2017 $190,293 $191,758 -0.8%

August 2017 $175,965 $174,683 +0.7%

September 2017 $192,281 $183,173 +5.0%

October 2017 $181,082 $171,014 +5.9%

November 2017 $192,360 $159,315 +20.7%

December 2017 $191,613 $178,486 +7.4%

January 2018 $180,108 $175,240 +2.8%

February 2018 $190,117 $166,786 +14.0%

March 2018 $176,032 $177,744 -1.0%

April 2018 $193,637 $170,165 +13.8%

12-Month Avg* $186,733 $176,719 +5.7%

Historical Average Sales Price by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 8

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

Avg. Sales Price

* Avg. Sales Price of all properties from May 2017 through April 2018. This is not the average of the individual figures above.

$164,967 $170,165

$193,637

2016 2017 2018

April

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

$166,599 $172,627$185,177

2016 2017 2018

Year to Date

+ 7.3%+ 3.2% + 13.8% + 3.6%- 3.1% + 2.8%

Percent of List Price Received

Prior Year Percent Change

May 2017 96.9% 96.8% +0.1%

June 2017 95.8% 95.8% 0.0%

July 2017 96.2% 96.7% -0.5%

August 2017 97.6% 96.5% +1.1%

September 2017 95.8% 96.6% -0.8%

October 2017 96.3% 96.5% -0.2%

November 2017 96.5% 95.4% +1.2%

December 2017 96.6% 96.5% +0.1%

January 2018 95.2% 97.2% -2.1%

February 2018 95.6% 94.8% +0.8%

March 2018 96.4% 96.8% -0.4%

April 2018 96.7% 96.6% +0.1%

12-Month Avg* 96.3% 96.4% -0.1%

Historical Percent of List Price Received by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 9

Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

Pct. of List Price Received

* Average Pct. of List Price Received for all properties from May 2017 through April 2018. This is not the average of the individual figures above.

96.0% 96.6% 96.7%

2016 2017 2018

April

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

96.3% 96.3% 96.0%

2016 2017 2018

Year to Date

- 0.3%+ 0.6% + 0.1% 0.0%+ 0.1% + 0.9%

Housing Affordability Index

Prior Year Percent Change

May 2017 144 168 -14.3%

June 2017 138 146 -5.5%

July 2017 148 154 -3.9%

August 2017 144 162 -11.1%

September 2017 144 155 -7.1%

October 2017 148 166 -10.8%

November 2017 133 168 -20.8%

December 2017 136 141 -3.5%

January 2018 154 146 +5.5%

February 2018 144 145 -0.7%

March 2018 146 144 +1.4%

April 2018 134 148 -9.5%

12-Month Avg 143 154 -7.1%

Historical Housing Affordability Index by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 10

This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

Affordability Index

174

148134

2016 2017 2018

April

100

120

140

160

180

200

220

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

173

146 143

2016 2017 2018

Year to Date

- 2.1%- 14.9% - 9.5% - 15.6%+ 1.2% - 2.8%

Inventory of Homes for Sale

Prior Year Percent Change

May 2017 1,319 1,395 -5.4%

June 2017 1,344 1,400 -4.0%

July 2017 1,318 1,439 -8.4%

August 2017 1,321 1,396 -5.4%

September 2017 1,258 1,385 -9.2%

October 2017 1,207 1,376 -12.3%

November 2017 1,195 1,345 -11.2%

December 2017 1,139 1,283 -11.2%

January 2018 1,134 1,275 -11.1%

February 2018 1,123 1,280 -12.3%

March 2018 1,123 1,346 -16.6%

April 2018 1,088 1,304 -16.6%

12-Month Avg* 1,214 1,325 -8.4%

Historical Inventory of Homes for Sale by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 11

The number of properties available for sale in active status at the end of a given month.

Homes for Sale

* Homes for Sale for all properties from May 2017 through April 2018. This is not the average of the individual figures above.

400

600

800

1,000

1,200

1,400

1,600

1,800

01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

- 16.6%- 13.0%

1,398 1,304

1,088

2016 2017 2018

April

- 16.6%- 6.7%- 13.0%

Months Supply of Inventory

Prior Year Percent Change

May 2017 7.2 8.0 -10.0%

June 2017 7.3 8.0 -8.8%

July 2017 7.0 8.4 -16.7%

August 2017 7.0 8.0 -12.5%

September 2017 6.6 7.8 -15.4%

October 2017 6.2 7.8 -20.5%

November 2017 6.1 7.4 -17.6%

December 2017 5.8 7.1 -18.3%

January 2018 5.7 7.1 -19.7%

February 2018 5.7 7.1 -19.7%

March 2018 5.6 7.5 -25.3%

April 2018 5.4 7.2 -25.0%

12-Month Avg* 6.3 7.6 -17.1%

Historical Months Supply of Inventory by Month

Current as of May 10, 2018. All data comes from the Aiken Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2018 ShowingTime. | 12

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.

Months Supply

* Months Supply for all properties from May 2017 through April 2018. This is not the average of the individual figures above.

8.07.2

5.4

2016 2017 2018

April

4.0

6.0

8.0

10.0

12.0

14.0

01-2008 01-2009 01-2010 01-2011 01-2012 01-2013 01-2014 01-2015 01-2016 01-2017 01-2018

- 10.0% - 25.0%- 19.2%