Monthly Indicators % + 2.7% %

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1 ly Indicators A RESEARCH TOOL PROVIDED BY TMLS 2012 Quick Facts It's been a giant year for the housing market and for sports teams named Giants. As we round out the remaining two months of the year, let's recap. Most markets shed listings, resulting from strong sales and sluggish seller activity. There has been a general easing of foreclosures and short sales, meaning distressed listings are dragging prices down less than in recent years. So it's both about market fundamentals and market composition % Change in Closed Sales + 2.7% Change in Median Sales Price % Change in Inventory New Listings in the Triangle region increased 11.8 percent to 2,986. Pending Sales were up 40.5 percent to 2,078. Inventory levels shrank 22.7 percent to 12,599 units. Prices moved higher. The Median Sales Price increased 2.7 percent to $187,990. Days on Market was down 6.6 percent to 118 days. Absorption rates improved as s Supply of Inventory was down 34.3 percent to 6.6 months. The economy is growing but at a glacial pace, and economic growth in 2013 is expected to outpace Mortgage rates are expected to remain near historic lows through 2015, rents are expected to rise due to low vacancy, and financial situations in Europe, China and elsewhere, believe it or not, have an effect on your local housing market. Market Overview New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of Original List Price Received Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale s Supply of Inventory Annual Review Click on desired metric to jump to that page. Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. as of November 10, All data from Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing.

2 Market Overview Key market metrics for the current month and year-to-date figures. Key Metrics Historical Sparklines YTD 2011 YTD 2012 New Listings 2,671 2, % 33,672 33, % Pending Sales 1,479 2, % 16,831 20, % Closed Sales 1,500 1, % 16,743 20, % Days on Market Until Sale % % Median Sales Price $183,000 $187, % $185,000 $189, % Average Sales Price $215,456 $223, % $223,586 $225, % Percent of Original List Price Received 92.1% 93.4% + 1.5% 92.0% 93.5% + 1.7% Percent of List Price Received 95.8% 96.6% + 0.9% 96.1% 96.5% + 0.4% Housing Affordability Index % % Inventory of Homes for Sale 16,294 12, % s Supply of Homes for Sale % All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 2

3 New Listings A count of the properties that have been newly listed on the market in a given month. 3,192 2,986 41,132 2,671 33,672 33, % +11.8% -18.1% +0.6% November 2,719 2, % December 2,136 1, % January 3,199 3, % February 3,629 3, % March 4,792 4, % April 3,726 3, % May 3,492 3, % June 3,370 3, % July 3,003 3, % August 3,013 3, % September 2,777 2, % 2,671 2, % 12- Avg 3,211 3, % Historical New Listing Activity 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 3

4 Pending Sales A count of the properties on which contracts have been accepted in a given month. 2,078 20,881 17,959 16,831 1,397 1, % +40.5% -6.3% +24.1% November 1,383 1, % December 1,149 1, % January 1,182 1, % February 1,379 1, % March 1,765 2, % April 1,888 2, % May 1,926 2, % June 1,972 2, % July 1,841 2, % August 1,828 2, % September 1,571 1, % 1,479 2, % 12- Avg 1,614 1, % Historical Pending Sales Activity 4,000 3,500 3,000 2,500 2,000 1,500 1,000 All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 4

5 Closed Sales A count of the actual sales that have closed in a given month. 1,966 20,043 17,864 16,743 1,500 1, % +31.1% -6.3% +19.7% November 1,316 1, % December 1,516 1, % January 1,087 1, % February 1,162 1, % March 1,614 1, % April 1,817 1, % May 1,857 2, % June 2,197 2, % July 1,847 2, % August 1,978 2, % September 1,684 2, % 1,500 1, % 12- Avg 1,631 1, % Historical Closed Sales Activity 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 5

6 Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month % -6.6% +21.7% -4.9% November % December % January % February % March % April % May % June % July % August % September % % 12- Avg % Historical Days on Market Until Sale All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 6

7 Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month. $189,500 $185,000 $189,450 $192,900 $183,000 $187, % +2.7% -2.4% +2.4% November $196,800 $186, % December $185,808 $185, % January $184,500 $172, % February $178,950 $174, % March $182,000 $185, % April $183,150 $190, % May $190,000 $194, % June $193,000 $199, % July $190,000 $191, % August $185,000 $192, % September $181,500 $185, % $183,000 $187, % 12- Med $186,000 $188, % Historical Median Sales Price $220,000 $210,000 $200,000 $190,000 $180,000 $170,000 $160,000 $150,000 $140,000 All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 7

8 Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month. $228,887 $215,456 $223,785 $228,069 $223,586 $225, % + 3.9% -2.0% + 1.0% November $241,557 $218, % December $227,644 $222, % January $231,154 $208, % February $212,235 $206, % March $212,515 $218, % April $220,227 $223, % May $225,578 $233, % June $233,068 $240, % July $231,355 $230, % August $226,460 $233, % September $221,549 $218, % $215,456 $223, % 12- Avg $225,110 $225, % Historical Average Sales Price $260,000 $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 8

9 Percent of Original List Price Received Percentage found when dividing a property s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions. 91.9% 92.1% 93.4% 92.3% 92.0% 93.5% +0.2% +1.5% -0.3% +1.7% November 92.0% 91.8% -0.3% December 92.8% 92.0% -0.9% January 91.3% 92.0% +0.8% February 91.4% 91.7% +0.3% March 91.6% 92.8% +1.3% April 92.1% 93.7% +1.6% May 92.8% 94.5% +1.8% June 92.7% 94.3% +1.8% July 92.0% 94.1% +2.3% August 91.6% 93.7% +2.3% September 91.8% 93.5% +1.9% 92.1% 93.4% +1.5% 12- Avg 92.1% 93.3% +1.4% Historical Percent of Original List Price Received 99% 98% 97% 96% 95% 94% 93% 92% 91% 90% All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 9

10 Percent of List Price Received 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. 96.1% 95.8% 96.6% 96.4% 96.1% 96.5% -0.3% +0.9% -0.3% +0.4% November 96.3% 95.9% -0.4% December 97.2% 95.8% -1.4% January 96.0% 95.8% -0.2% February 95.9% 95.6% -0.4% March 95.9% 96.2% +0.3% April 96.4% 96.4% +0.0% May 96.6% 96.9% +0.3% June 96.3% 96.9% +0.6% July 96.1% 96.7% +0.6% August 95.7% 96.6% +1.0% September 95.9% 96.5% +0.7% 95.8% 96.6% +0.9% 12- Avg 96.2% 96.4% +0.3% Historical Percent of List Price Received 99.0% 98.5% 98.0% 97.5% 97.0% 96.5% 96.0% 95.5% 95.0% All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 10

11 Housing Affordability Index 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 % +4.9% +4.6% +5.2% November % December % January % February % March % April % May % June % July % August % September % % 12- Avg % Historical Housing Affordability Index All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 11

12 Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month. 19,022 16,294 12, % -22.7% November 18,212 15, % December 16,710 14, % January 16,956 14, % February 17,705 14, % March 19,059 15, % April 19,453 16, % May 19,390 16, % June 18,889 15, % July 18,244 15, % August 17,480 14, % September 16,785 14, % 16,294 12, % 12- Avg 17,931 14, % Historical Inventory of Homes for Sale 21,000 20,000 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 12

13 s Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months % -34.3% November % December % January % February % March % April % May % June % July % August % September % % 12- Avg % Historical s Supply of Inventory All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 13

14 Annual Review Historical look at key market metrics for the overall region. Closed Sales Days On Market 34, ,844 22,113 20,696 19, % -11.0% -6.4% -4.7% +15.8% +10.8% +3.8% +20.9% Median Sales Price Percent of Original List Price Received $190,000 $190,000 $182,000 $189,875 $185, % 95.8% 92.8% 92.3% 92.0% 0.0% -4.2% +4.3% -2.6% -1.5% -3.2% -0.5% -0.3% All data provided by Triangle Multiple Listing Service, Inc. Powered by 10K Research and Marketing. Click for Cover Page 14