Northern Virginia Available UC Abs Rate

< $100,000 22 16 1.38

$100,000–$199,999 142 151 .94

$200,000-$299,999 360 348 1.03

$300,000-$399,999 503 439 1.15

$400,000-$499,999 505 397 1.27

$500,000-$599,999 471 311 1.51

$600,000-$699,999 396 258 1.53Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of

Alexandria, Fairfax & Falls Church. May 11, 2012

Northern Virginia Available UC Abs Rate

$700,000-$799,999 309 142 2.18

$800,000-$899,999 217 81 2.68

$900,000-$999,999 129 61 2.11

$1M -$1.49M 416 89 4.67

$1.5M -2.49 233 27 8.63

$2.5 million + 149 8 18.63

Overall 3,852 2,328 1.65Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. May 11, 2012

Avg. SP- +5.21%

Units Sold- +15.56%

DOM- -14.75% to 52 days

Source: MRIS, Inc. May 11, 2012

PW & Loudoun Available UC Abs Rate

< $100,000 9 13 .69

$100,000–$199,999 89 215 .41

$200,000-$299,999 356 371 .96

$300,000-$399,999 543 318 1.71

$400,000-$499,999 518 225 2.30

$500,000-$599,999 385 131 2.94

$600,000-$699,999 243 54 4.50Source: MRIS, Inc. May 11, 2012

PW & Loudoun Available UC Abs Rate

$700,000-$799,999 167 34 4.91

$800,000-$899,999 96 18 5.33

$900,000-$999,999 53 7 7.57

$1M -$1.49M 83 7 11.86

$1.5M -2.49 47 0 0

$2.5 million + 45 0 0

Overall 2,634 1,393 1.89Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. May 11, 2012

No. VA Current April 2011 VarAvailable 3,853 4,743 -19%

UC Last 30 Days 2,328 1,986 +17%

Sold Last 30 Days 1,692 1,452 +17%

Absorption Rate 1.66 2.39As of May 11, 2012

SELLERS

MARKET

Fairfax Co. Current April 2011 VarAvailable 2,756 3,327 -17%

UC Last 30 Days 1,679 1,450 +16%

Sold Last 30 Days 1,210 1,047 +16%

Absorption Rate 1.64 2.29As of May 11, 2012

SELLERS

MARKET

Avg. SP- +2.21%

Units Sold- +14.8%

DOM- -17.24% to 48 days

Source: MRIS, Inc. May 11, 2012

Alexandria City Current April 2011 VarAvailable 419 618 -32%

UC Last 30 Days 240 214 +12%

Sold Last 30 Days 177 167 +6%

Absorption Rate 1.75 2.89As of May 11, 2012

SELLERS

MARKET

Arlington Co. Current April 2011 VarAvailable 585 688 -15%

UC Last 30 Days 353 259 +36%

Sold Last 30 Days 248 209 +19%

Absorption Rate 1.66 2.66As of May 11, 2012

SELLERS

MARKET

Fairfax Current April 2011 VarAvailable 354 448 -21%

UC Last 30 Days 238 209 +14%

Sold Last 30 Days 168 142 +18%

Absorption Rate 1.49 2.14As of May 11, 2012

SELLERS

MARKET

Fairfax Station Current April 2011 VarAvailable 67 64 +5%

UC Last 30 Days 34 18 +89%

Sold Last 30 Days 13 13 0%

Absorption Rate 1.97 3.56As of May 11, 2012

SELLERS

MARKET

Clifton Current April 2011 VarAvailable 57 74 -23%

UC Last 30 Days 33 15 +120%

Sold Last 30 Days 18 23 -22%

Absorption Rate 1.73 4.93As of May 11, 2012

SELLERS

MARKET

Herndon Current April 2011 VarAvailable 133 187 -29%

UC Last 30 Days 111 90 +23%

Sold Last 30 Days 75 65 +15%

Absorption Rate 1.20 2.08As of May 11, 2012

SELLERS

MARKET

Sterling Current April 2011 VarAvailable 129 178 -28%

UC Last 30 Days 136 125 +9%

Sold Last 30 Days 98 108 -9%

Absorption Rate .95 1.42As of May 11, 2012

SELLERS

MARKET

Vienna/ Oakton Current April 2011 VarAvailable 293 314 -7%

UC Last 30 Days 139 126 +10%

Sold Last 30 Days 114 79 +44%

Absorption Rate 2.11 2.49As of May 11, 2012

SELLERS

MARKET

Ashburn Current April 2011 VarAvailable 288 339 -15%

UC Last 30 Days 156 151 +3%

Sold Last 30 Days 118 110 +7%

Absorption Rate 1.85 2.25As of May 11, 2012

SELLERS

MARKET

Reston Current April 2011 VarAvailable 146 175 -17%

UC Last 30 Days 106 105 +1%

Sold Last 30 Days 105 94 +12%

Absorption Rate 1.38 1.67As of May 11, 2012

SELLERS

MARKET

Centreville Current April 2011 VarAvailable 124 146 -15%

UC Last 30 Days 98 116 -16%

Sold Last 30 Days 94 75 +25%

Absorption Rate 1.27 1.26As of May 11, 2012

SELLERS

MARKET

DC Current April 2011 VarAvailable 1,657 2,469 -33%

UC Last 30 Days 784 752 +4%

Sold Last 30 Days 584 534 +9%

Absorption Rate 2.11 3.28As of May 11, 2012

SELLERS

MARKET

Prince William Current April 2011 VarAvailable 1,201 1,507 -20%

UC Last 30 Days 765 736 +4%

Sold Last 30 Days 495 473 +5%

Absorption Rate 1.57 2.05As of May 11, 2012

SELLERS

MARKET

Loudoun Co. Current April 2011 VarAvailable 1,435 1,603 -10%

UC Last 30 Days 628 542 +16%

Sold Last 30 Days 431 404 +7%

Absorption Rate 2.29 2.96As of May 11, 2012

SELLERS

MARKET

GPAAR Current April 2011 VarAvailable 1,287 1,308 -2%

UC Last 30 Days 260 227 +15%

Sold Last 30 Days 168 156 +8%

Absorption Rate 4.95 5.76As of May 11, 2012

**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties

BRAR Current April 2011 VarAvailable 1,018 1,163 -12%

UC Last 30 Days 221 212 +4%

Sold Last 30 Days 188 142 +32%

Absorption Rate 4.61 5.49As of May 11, 2012

**Includes Clarke, Frederick, Warren Counties & Winchester City

FAAR Current April 2011 VarAvailable 1,387 1,837 -24%

UC Last 30 Days 478 551 -13%

Sold Last 30 Days 367 349 +5%

Absorption Rate 2.90 3.33As of May 11, 2012

**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties

SELLERS

MARKET