November 2012 Monthly Indicators

7/30/2019 November 2012 Monthly Indicators

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Monthly Indicators

November 2012 Quick Facts

A RESEARCH TOOL PROVIDED BY THE WESTERN UPSTATE ASSOCIATION OF REALTORS

+ 3.9%

Change in

Median Sales Price

This November, there was a lot to be thankful for. Home buyers were thankful

for historically low mortgage rates and still-affordable prices. Sellers were

thankful for increased sales, less competition and faster market times. Both

parties can be thankful for the slow yet steady economic recovery. Challenges

persist, to be sure, going into 2013, but there's more reason for optimism than

'

- 7.0%

Change in

Inventory

+ 7.2%

Change in

Closed Sales

2

3

4

5

6

7

8

9

10

11

12Months Supply of Inventory

Pending Sales

New Listings

Market Overview

Housing Affordability Index

Inventory of Homes for Sale

All data from the Western Upstate Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Powered by 10K Research and Marketing. | 1

Click on desired metric to jump to that page.

. .

New Listings in the Western Upstate region decreased 6.0 percent to 421.

Pending Sales were down 28.8 percent to 141. Inventory levels shrank 7.0

percent to 3,695 units.

Prices moved higher. The Median Sales Price increased 3.9 percent to

$135,000. Days on Market was up 10.2 percent to 187 days. Absorption rates

improved as Months Supply of Inventory was down 8.4 percent to 15.4 months.

There are three primary avenues to housing recovery: better market

fundamentals, improved market composition and more jobs. Many communities

are enjoying better fundamentals, such as higher demand and less supply. But

many areas are also experiencing a lower overall share of distressed sales

activity. In the month ahead, continue to watch hiring and unemployment

trends.

Percent of List Price Received

Average Sales Price

Median Sales Price

Days On Market Until Sale

Closed Sales


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Market Overview

Key Metrics Historical Sparklines 11-2011 11-2012 + / YTD 2011 YTD 2012 + /

169 187

2,704 + 3.7%181 194

- 2.8%

+ 7.2% 2,607

- 4.7%

198 141 - 28.8% 2,652 2,711 + 2.2%

6,266448 421 - 6.0% 6,574

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

+ 10.2% 169 164

New Listings

Pending Sales

Closed Sales

Days on Market Until Sale

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

178

3,975

195

--

$164,302 $168,912

$129,950 $135,000


$178,532

92.6%

+ 2.8%

+ 1.6%

All data from the Western Upstate Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

+ 3.9% $124,000 $126,000

+ 1.0%+ 0.7% 92.3% 93.3%

Months Supplyof Homes for Sale

$173,394 - 2.9%

93.3%



16.8

185

--

--

+ 4.0%

- 7.0%

- 8.4%

+ 5.7%184

--

-- --

3,695

15.4

Median Sales Price

Average Sales Price

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012


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New Listings

Month

Prior

Year

Current

Year+ /

December 418 353 -15.6%

January 602 647 +7.5%

February 663 583 -12.1%

March 811 654 -19.4%

April 639 656 +2.7%

May 645 584 -9.5%

June 628 597 -4.9%

July 527 533 +1.1%

August 601 582 -3.2%

September 536 483 -9.9%

October 474 526 +11.0%

November 448 421 -6.0%

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

472448

421

November

7,920

6,5746,266

Year To Date

-4.7%-5.1% -6.0% -17.0%

12-Month Avg 583 552 -5.3%


2010 2011 2012

150

300

450

600

750

900

1,050

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical New Listing Activity

2010 2011 2012


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Pending Sales

Month

Prior

Year

Current

Year+ /

December 186 169 -9.1%

January 193 240 +24.4%

February 253 249 -1.6%

March 296 279 -5.7%

April 276 262 -5.1%

May 274 290 +5.8%

June 224 266 +18.8%

July 249 269 +8.0%

August 275 285 +3.6%

September 213 231 +8.5%

October 201 199 -1.0%

November 198 141 -28.8%

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

200 198

141

November

2,680 2,652 2,711

Year To Date

+2.2%-1.0% -28.8% -1.0%

12-Month Avg 237 240 +1.5%


2010 2011 2012

100

150

200

250

300

350

400

450

500

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Pending Sales Activity

2010 2011 2012


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Closed Sales

Month

Prior

Year

Current

Year+ /

December 200 194 -3.0%

January 178 168 -5.6%

February 197 227 +15.2%

March 257 234 -8.9%

April 272 224 -17.6%

May 249 288 +15.7%

June 295 280 -5.1%

July 221 282 +27.6%

August 270 305 +13.0%

September 248 244 -1.6%

October 239 258 +7.9%

November 181 194 +7.2%

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

199

181194

November

2,594 2,6072,704

Year To Date

+3.7%-9.0% +7.2% +0.5%

12-Month Avg 234 242 +3.7%


2010 2011 2012

0

100

200

300

400

500

600

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Closed Sales Activity

2010 2011 2012


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Days on Market Until Sale

Month

Prior

Year

Current

Year+ /

December 177 178 +0.4%

January 153 193 +25.7%

February 162 168 +3.7%

March 184 155 -15.4%

April 165 147 -11.3%

May 169 148 -12.1%

June 166 168 +1.1%

July 173 162 -6.5%

August 160 160 -0.3%

September 178 173 -2.5%

October 175 162 -7.5%

November 169 187 +10.2%

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

156

169

187

November

157

169 164

Year To Date

-2.8%+8.7% +10.2% +7.6%

12-Month Avg 170 165 -2.6%


2010 2011 2012

110

120

130

140

150

160

170

180

190

200

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Days on Market Until Sale

2010 2011 2012


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Median Sales Price

Month

Prior

Year

Current

Year+ /

December $109,500 $116,777 +6.6%

January $106,225 $123,700 +16.5%

February $113,250 $125,000 +10.4%

March $108,950 $123,000 +12.9%

April $113,000 $120,000 +6.2%

May $124,500 $127,950 +2.8%

June $147,000 $131,000 -10.9%

July $130,000 $130,500 +0.4%

August $131,000 $123,500 -5.7%

September $137,500 $129,000 -6.2%

October $119,000 $127,500 +7.1%

November $129,950 $135,000 +3.9%

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

$128,288 $129,950$135,000

November

$126,000 $124,000 $126,000

Year To Date

+1.6%+1.3% +3.9% -1.6%

12-Month Med $123,000 $125,616 +2.1%


2010 2011 2012

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Median Sales Price

2010 2011 2012


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Average Sales Price

Month

Prior

Year

Current

Year+ /

December $152,776 $183,167 +19.9%

January $145,146 $145,405 +0.2%

February $176,762 $163,323 -7.6%

March $133,770 $162,275 +21.3%

April $153,805 $155,923 +1.4%

May $169,723 $181,495 +6.9%

June $195,565 $186,580 -4.6%

July $170,529 $177,565 +4.1%

August $158,167 $161,607 +2.2%

September $161,620 $165,835 +2.6%

October $160,404 $170,786 +6.5%

November $178,532 $173,394 -2.9%

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

$144,981

$178,532 $173,394

November

$165,351 $164,302 $168,912

Year To Date

+ 2.8%+ 23.1% - 2.9% - 0.6%

12-Month Avg $163,471 $169,868 +3.9%


2010 2011 2012

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Average Sales Price

2010 2011 2012


9/12


Month

Prior

Year

Current

Year+ /

December 89.5% 91.7% +2.5%

January 91.3% 91.4% +0.1%

February 92.0% 93.0% +1.1%

March 91.6% 93.8% +2.3%

April 93.4% 94.3% +1.0%

May 92.7% 93.2% +0.5%

June 92.5% 93.1% +0.7%

July 91.7% 93.4% +1.9%

August 91.4% 92.6% +1.3%

September 92.5% 93.8% +1.4%

October 93.2% 93.6% +0.5%

November 92.6% 93.3% +0.7%

Percentage found when dividing a propertys sales price by its last list price, then taking the average for all properties sold in a given month,

not accounting for seller concessions.

90.8% 92.6% 93.3%

November

93.0% 92.3% 93.3%

Year To Date

+1.0%+2.1% +0.7% -0.8%

12-Month Avg 92.1% 93.1% +1.1%


2010 2011 2012

88%

90%

92%

94%

96%

98%

100%

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Percent of List Price Received

2010 2011 2012


10/12


Month

Prior

Year

Current

Year+ /

December 196 193 -1.6%

January 196 188 -4.0%

February 185 187 +0.8%

March 192 189 -1.6%

April 186 191 +2.6%

May 176 183 +4.2%June 157 183 +16.3%

July 173 186 +7.4%

August 174 194 +11.8%

September 168 191 +13.7%

October 190 192 +1.2%

November 178 185 +4.0%

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.

176 178185

November

179 184195

Year To Date

+5.7%+0.8% +4.0% +3.1%

12-Month Avg 181 188 +4.6%


2010 2011 2012

80

100

120

140

160

180

200

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Housing Affordability Index

2010 2011 2012


11/12


Month

Prior

Year

Current

Year+ /

December 4,325 3,811 -11.9%

January 4,221 3,742 -11.3%

February 4,248 3,757 -11.6%

March 4,331 3,882 -10.4%

April 4,309 3,969 -7.9%

May 4,346 3,961 -8.9%

June 4,440 3,975 -10.5%

July 4,358 3,867 -11.3%

August 4,225 3,815 -9.7%

September 4,135 3,757 -9.1%

October 4,033 3,712 -8.0%

November 3,975 3,695 -7.0%

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

4,460

3,9753,695

November

-7.0%-10.9%

12-Month Avg 4,246 3,829 -9.8%


2010 2011 2012

800

1,300

1,800

2,300

2,800

3,300

3,800

4,300

4,800

5,300

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Inventory of Homes for Sale


12/12

Months Supply of Inventory

Month

Prior

Year

Current

Year+ /

December 18.1 16.2 -10.5%

January 17.8 15.7 -11.8%

February 17.8 15.7 -11.8%

March 18.4 16.4 -11.1%

April 18.9 16.8 -11.0%

May 18.5 16.7 -9.9%

June 18.9 16.5 -12.6%

July 18.6 15.9 -14.3%

August 17.8 15.7 -11.9%

September 17.6 15.3 -12.7%

October 17.0 15.2 -11.0%

November 16.8 15.4 -8.4%

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.

19.0

16.815.4

November

-8.4%-11.4%

12-Month Avg 18.0 16.0 -11.4%


2010 2011 2012

0

3

6

9

12

15

18

21

1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Months Supply of Inventory

November 2012 Monthly Indicators

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