September 2015 Quick Facts

Change in Change inClosed Sales All Properties

Closed SalesSingle-Family Only

23456789

10111213

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing.

Condo Market Overview

Percent of List Price ReceivedHousing Affordability IndexInventory of Homes for SaleMonths Supply of Inventory

New ListingsPending SalesClosed SalesDays on Market Until SaleMedian Sales PriceAverage Sales Price

Monthly Indicators

+ 7.4% + 6.9% + 8.3%The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market. Although noon and 6:30 fluctuations are present even within the same states and cities, the overall tempo of real estate potential is experiencing a healthy number of good omens. The job market has shown continual improvement, jobless rates are down, real average hourly and weekly earnings have been up and there has been good news in new household formation.

Closed Sales increased 6.9 percent for single-family homes and 8.3 percent for condos. Pending Sales increased 17.9 percent for single-family homes and 19.6 percent for condos. Inventory decreased 6.0 percent for single-family homes and 9.9 percent for condos.

The Median Sales Price was up 7.5 percent to $202,000 for single-family homes and 2.6 percent to $120,000 for condos. Days on Market decreased 2.0 percent for single-family homes and 8.6 percent for condos. Supply decreased 19.3 percent for single-family homes and 20.4 percent for condos.

With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, did not happen. It most likely will before year's end. Until then, get out and enjoy the season.

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

Single-Family Market Overview

Change inClosed SalesCondo Only

Single-Family Market Overview

Key Metrics Historical Sparkbars 9-2014 9-2015 Percent Change YTD 2014 YTD 2015 Percent Change

--

Months Supply 8.3 6.7 - 19.3% -- -- --

4,335 4,077 - 6.0% -- --

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 2

+ 0.5%

Affordability Index 127 122 - 3.9% 132 129 - 2.3%

Pct. of List Price Received 96.9% 96.7% - 0.2% 96.3% 96.8%

Homes for Sale

+ 6.1%

Avg. Sales Price $211,582 $234,955 + 11.0% $220,583 $230,381 + 4.4%

Median Sales Price $187,950 $202,000 + 7.5% $180,950 $191,995

+ 16.8%

Days on Market 153 150 - 2.0% 158 151 - 4.4%

Closed Sales 596 637 + 6.9% 4,696 5,486

9,232 + 9.2%

Pending Sales 554 653 + 17.9% 5,049 5,992 + 18.7%

8,455

Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Single-family homes only.

New Listings 859 884 + 2.9%

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

Condo Market Overview

Key Metrics Historical Sparkbars 9-2014 9-2015 Percent Change YTD 2014 YTD 2015 Percent Change

--

Months Supply 10.8 8.6 - 20.4% -- -- --

Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Condo properties only.

New Listings 555 590 + 6.3% 5,727 - 0.2%

Pending Sales 342 409 + 19.6% 3,261 3,767 + 15.5%

5,740

Closed Sales 361 391 + 8.3% 3,165 3,475 + 9.8%

- 1.8%

$115,000 + 2.7%

Days on Market 174 159 - 8.6% 166 163

Median Sales Price $117,000 $120,000 + 2.6% $112,000

+ 4.7%

Pct. of List Price Received 95.0% 94.6% - 0.4% 94.5% 94.7% + 0.2%

Avg. Sales Price $136,422 $144,181 + 5.7% $138,454 $144,986

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 3

+ 0.5%Affordability Index 205 206 + 0.5% 214 215

Homes for Sale 3,667 3,303 - 9.9% -- --

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

9-2012 9-2013 9-2014 9-2015

New Listings

New Listings Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 915 +16.7% 556 -4.8%

Nov-2014 702 +1.4% 468 +12.2%

Dec-2014 641 +22.6% 380 +1.1%

Jan-2015 1,070 +11.8% 666 -6.3%

Feb-2015 1,007 +27.8% 623 -5.3%

Mar-2015 1,136 +11.5% 745 +2.3%

Apr-2015 1,040 +9.4% 755 +6.2%

May-2015 1,059 +6.2% 581 -13.7%

Jun-2015 984 -7.5% 616 +9.2%

Jul-2015 1,018 +10.7% 545 -3.9%

Aug-2015 1,034 +14.9% 606 +5.8%

Sep-2015 884 +2.9% 590 +6.3%

12-Month Avg 958 +9.9% 594 +0.2%

Historical New Listings by Month

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 4

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

787

541

859

555

884

590

Single-Family Condo

September

200

400

600

800

1,000

1,200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

7,624

5,563

8,455

5,740

9,232

5,727

Single-Family Condo

Year to Date

2013 2014 2015

+ 6.3%+ 2.6%+ 2.9%+ 9.1% + 3.2%+ 9.2%+ 10.9% - 0.2%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 13.2% + 14.1% + 7.7%+ 17.9%

Pending Sales

Pending Sales Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 527 +5.6% 352 +9.7%

Nov-2014 426 +4.4% 289 -1.7%

Dec-2014 381 +12.7% 202 -0.5%

Jan-2015 571 +30.4% 352 +15.8%

Feb-2015 591 +12.4% 386 +20.6%

Mar-2015 656 +17.4% 517 +27.3%

Apr-2015 751 +17.9% 479 +19.5%

May-2015 691 +12.9% 406 +7.4%

Jun-2015 685 +11.9% 389 +0.5%

Jul-2015 699 +27.6% 396 +8.2%

Aug-2015 695 +23.4% 433 +21.3%

Sep-2015 653 +17.9% 409 +19.6%

12-Month Avg* 525 +16.4% 340 +13.0%

Historical Pending Sales by Month

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 5

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

460

289

554

342

653

409

Single-Family Condo

September

0

200

400

600

800

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

4,633

3,262

5,049

3,261

5,992

3,767

Single-Family Condo

Year to Date

2013 2014 2015

+ 19.6%+ 18.3%+ 17.9%+ 20.4% - 0.0%+ 18.7%+ 9.0% + 15.5%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 8.7% + 17.7% + 2.0%- 14.0%

Closed Sales

Closed Sales Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 579 +7.2% 347 +7.8%

Nov-2014 509 +9.2% 299 -0.7%

Dec-2014 552 +19.5% 354 +8.9%

Jan-2015 403 +22.1% 258 +5.7%

Feb-2015 454 +19.8% 274 -8.4%

Mar-2015 608 +17.4% 421 +18.6%

Apr-2015 555 +5.7% 451 +31.9%

May-2015 676 +19.6% 492 +16.6%

Jun-2015 784 +26.2% 427 +10.6%

Jul-2015 702 +20.8% 381 -1.6%

Aug-2015 667 +14.8% 380 +3.0%

Sep-2015 637 +6.9% 391 +8.3%

12-Month Avg* 514 +15.6% 343 +8.8%

Historical Closed Sales by Month

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 6

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

521

330

596

361

637

391

Single-Family Condo

September

0

200

400

600

800

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

4,335

3,193

4,696

3,165

5,486

3,475

Single-Family Condo

Year to Date

2013 2014 2015

+ 8.3%+ 9.4%+ 6.9%+ 14.4% - 0.9%+ 16.8%+ 8.3% + 9.8%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 29.0% + 22.6% + 8.3%+ 13.0%

Days on Market Until Sale

Days on Market Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 156 +1.3% 153 -3.2%

Nov-2014 149 -2.0% 171 -2.8%

Dec-2014 157 -4.8% 172 +3.6%

Jan-2015 150 -5.1% 163 -7.9%

Feb-2015 153 -14.0% 164 -0.6%

Mar-2015 157 -1.9% 167 +1.2%

Apr-2015 154 -4.3% 173 +10.9%

May-2015 152 +0.7% 156 -4.9%

Jun-2015 151 -3.8% 177 +3.5%

Jul-2015 149 -3.9% 147 -8.7%

Aug-2015 141 -8.4% 157 -5.4%

Sep-2015 150 -2.0% 159 -8.6%

12-Month Avg* 158 -3.8% 166 -1.9%

Historical Days on Market Until Sale by Month* Days on Market for all properties from October 2014 through September 2015. This is not the average of the individual figures above.

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 7

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

157172

153

174

150159

Single-Family Condo

September

25

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

165 168158

166

151163

Single-Family Condo

Year to Date

2013 2014 2015

- 8.6%+ 1.2%- 2.0%- 2.5% - 1.2%- 4.4%- 4.2% - 1.8%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 6.1% - 4.1% - 2.9%+ 3.6%

Median Sales Price

Median Sales Price Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 $184,000 +9.4% $120,000 +9.6%

Nov-2014 $183,990 +5.4% $120,000 0.0%

Dec-2014 $190,000 +5.6% $118,750 +3.7%

Jan-2015 $175,000 -1.4% $98,250 -10.6%

Feb-2015 $186,939 +5.0% $109,250 +8.2%

Mar-2015 $188,000 +7.5% $115,000 +6.5%

Apr-2015 $183,982 -0.6% $115,000 +2.4%

May-2015 $202,745 +15.9% $114,450 +6.6%

Jun-2015 $200,000 +5.3% $120,000 +0.0%

Jul-2015 $186,000 +1.4% $119,900 +12.2%

Aug-2015 $200,000 +7.5% $118,750 +6.0%

Sep-2015 $202,000 +7.5% $120,000 +2.6%

12-Month Avg* $179,900 +5.6% $112,000 +3.5%

Historical Median Sales Price by Month* Median Sales Price for all properties from October 2014 through September 2015. This is not the average of the individual figures above.

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 8

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

$177,000

$117,150

$187,950

$117,000

$202,000

$120,000

Single-Family Condo

September

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

$172,695

$110,000

$180,950

$112,000

$191,995

$115,000

Single-Family Condo

Year to Date

2013 2014 2015

+ 2.6%- 0.1%+ 7.5%+ 6.2% + 1.8%+ 6.1%+ 4.8% + 2.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 16.0% + 7.9% + 4.9%+ 14.9%

Average Sales Price

Avg. Sales Price Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 $215,861 +6.3% $139,663 -2.3%

Nov-2014 $220,806 +5.4% $133,332 -1.4%

Dec-2014 $227,097 -1.5% $155,637 +6.1%

Jan-2015 $218,092 -0.1% $133,670 -4.0%

Feb-2015 $227,994 +7.6% $144,630 +14.2%

Mar-2015 $223,044 +6.8% $142,240 -4.6%

Apr-2015 $221,910 -5.1% $144,194 +1.5%

May-2015 $244,581 +12.9% $146,733 +11.9%

Jun-2015 $230,230 +2.5% $143,893 -2.3%

Jul-2015 $227,584 -1.3% $155,320 +15.0%

Aug-2015 $237,493 +5.6% $146,339 +5.7%

Sep-2015 $234,955 +11.0% $144,181 +5.7%

12-Month Avg 227,471 +4.2% 144,153 +3.9%

Historical Average Sales Price by Month* Avg. Sales Price for all properties from October 2014 through September 2015. This is not the average of the individual figures above.

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 9

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

$212,642

$146,190

$211,582

$136,422

$234,955

$144,181

Single-Family Condo

September

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

$213,449

137,943

$220,583

$138,454

$230,381

$144,986

Single-Family Condo

Year to Date

2013 2014 2015

+ 5.7%- 6.7%+ 11.0%- 0.5% + 0.4%+ 4.4%+ 3.3% + 4.7%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 13.6% + 5.1% + 2.4%+ 14.1%

Percent of List Price Received

Pct. of List Price Received Single-Family

Year-Over-YearChange Condo

Year-Over-YearChange

Oct-2014 96.4% +0.8% 94.7% +0.1%

Nov-2014 96.6% +0.7% 94.8% +0.2%

Dec-2014 96.9% +0.6% 94.8% 0.0%

Jan-2015 96.7% +0.2% 93.6% -1.1%

Feb-2015 96.5% +0.8% 94.1% +0.1%

Mar-2015 96.5% +0.9% 94.7% +0.4%

Apr-2015 96.5% +0.3% 95.3% +1.1%

May-2015 97.2% +0.8% 94.9% +0.7%

Jun-2015 97.3% +0.8% 94.9% +0.1%

Jul-2015 96.7% 0.0% 94.9% +0.2%

Aug-2015 96.9% +0.6% 94.7% +0.3%

Sep-2015 96.7% -0.2% 94.6% -0.4%

12-Month Avg 96.7% +0.5% 94.7% +0.2%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from October 2014 through September 2015. This is not the average of the individual figures above.

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 10

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.

96.2% 94.8%96.9% 95.0%96.7% 94.6%

Single-Family Condo

September

88.0%

90.0%

92.0%

94.0%

96.0%

98.0%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

95.8% 94.3%96.3% 94.5%96.8% 94.7%

Single-Family Condo

Year to Date

2013 2014 2015

- 0.4%+ 0.2%- 0.2%+ 0.7% + 0.2%+ 0.5%+ 0.5% + 0.2%

2013 2014 2015 2013 2014 2015 2013 2014 2015

+ 1.5% + 0.7% + 0.5%+ 0.9%

Housing Affordability Index

Affordability Index Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 132 -5.7% 203 -5.6%

Nov-2014 133 -6.3% 203 -1.9%

Dec-2014 129 -2.3% 207 -0.5%

Jan-2015 143 +9.2% 255 +20.9%

Feb-2015 134 +1.5% 229 -1.7%

Mar-2015 132 -2.2% 215 -1.4%

Apr-2015 136 +7.1% 217 +3.8%

May-2015 124 -10.1% 219 -2.7%

Jun-2015 123 -3.1% 205 +2.0%

Jul-2015 130 -0.8% 202 -10.2%

Aug-2015 122 -6.2% 206 -4.6%

Sep-2015 122 -3.9% 206 +0.5%

12-Month Avg 130 -1.9% 214 -0.1%

Historical Housing Affordability Index by Month

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 11

This index measures housing affordability for the region. 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.

133

201

127

205

122

206

Single-Family Condo

September

50

100

150

200

250

300

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

136

214

132

214

129

215

Single-Family Condo

Year to Date

2013 2014 2015

+ 0.5%+ 2.0%- 3.9%- 4.5% 0.0%- 2.3%- 2.9% + 0.5%

2013 2014 2015 2013 2014 2015 2013 2014 2015

- 21.8% - 16.6% - 13.7%- 21.2%

Inventory of Homes for Sale

Homes for Sale Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 4,349 +7.1% 3,577 -1.8%

Nov-2014 4,281 +5.5% 3,524 -0.9%

Dec-2014 4,119 +4.8% 3,444 -0.5%

Jan-2015 4,229 +2.9% 3,507 -2.0%

Feb-2015 4,316 +4.0% 3,514 -4.4%

Mar-2015 4,434 +3.6% 3,481 -7.5%

Apr-2015 4,403 +3.1% 3,506 -8.9%

May-2015 4,418 +2.4% 3,471 -11.2%

Jun-2015 4,316 -1.1% 3,496 -8.4%

Jul-2015 4,300 -2.0% 3,411 -9.6%

Aug-2015 4,246 -2.6% 3,373 -9.5%

Sep-2015 4,077 -6.0% 3,303 -9.9%

12-Month Avg* 4,219 +1.7% 3,701 -6.3%

Historical Inventory of Homes for Sale by Month* Homes for Sale for all properties from October 2014 through September 2015. This is not the average of the individual figures above.

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 12

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

4,1223,614

4,335

3,6674,077

3,303

Single-Family Condo

September

1,000

2,000

3,000

4,000

5,000

6,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

2013

- 9.9%+ 1.5%- 6.0%+ 5.2%- 0.2% - 3.0%2014 2015 2013 2014 2015

Months Supply of Inventory

Months Supply Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Oct-2014 8.3 -1.2% 10.4 -3.7%

Nov-2014 8.1 -3.6% 10.3 -1.0%

Dec-2014 7.7 -3.8% 10.1 -1.0%

Jan-2015 7.8 -7.1% 10.1 -4.7%

Feb-2015 7.9 -6.0% 10.0 -9.1%

Mar-2015 8.0 -8.0% 9.6 -14.3%

Apr-2015 7.8 -9.3% 9.5 -18.1%

May-2015 7.7 -9.4% 9.4 -19.7%

Jun-2015 7.5 -11.8% 9.5 -16.7%

Jul-2015 7.3 -14.1% 9.2 -17.9%

Aug-2015 7.1 -15.5% 8.9 -19.8%

Sep-2015 6.7 -19.3% 8.6 -20.4%

12-Month Avg* 8.4 -9.4% 11.0 -12.4%

Historical Months Supply of Inventory by Month* Months Supply for all properties from October 2014 through September 2015. This is not the average of the individual figures above.

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 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.

8.6

10.7

8.3

10.8

6.7

8.6

Single-Family Condo

September

0.0

20.0

40.0

60.0

80.0

100.0

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015

Single-Family Condo

- 20.4%+ 0.9%- 19.3%- 3.5%- 16.5% - 7.0%2013 2014 2015 2013 2014 2015