Local Market Update April 2012

A RESEARCH TOOL PROVIDED BY TRIANGLE MLS

+ 3.2%

+ 13.5%
Change in Closed Sales

- 3.3%
Change in Median Sales Price

Durham County
New Listings Closed Sales Median Sales Price* Average Sales Price* Total Dollar Volume (in millions)* Percent of Original List Price Received* Percent of List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory

Change in New Listings

April
2011
503 245 $182,500 $194,064 $47.5 90.8% 95.1% 126 2,641 11.0

Year to Date
+/
+ 3.2% + 13.5% - 3.3% + 2.9% + 16.8% + 3.1% + 1.8% - 5.6% - 31.4% - 31.2%

2012
519 278 $176,500 $199,773 $55.5 93.6% 96.8% 119 1,813 7.6

2011
2,204 765 $165,000 $188,130 $143.8 90.2% 95.2% 127 ---

2012
2,078 908 $162,000 $185,181 $167.6 92.4% 96.1% 125 ---

+/
- 5.7% + 18.7% - 1.8% - 1.6% + 16.6% + 2.5% + 1.0% - 1.6% ---

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

April
503 519

2011

2012

Year to Date
2,204 2 204 2,078

2011

2012

245

278 765 908

+ 3.2% New Listings

+ 13.5% Closed Sales

- 5.7% New Listings

+ 18.7% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

+ 10% + 8% + 6% + 4% + 2% 0% - 2% - 4% - 6% - 8% - 10% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

All MLS Durham County

b a

1-2012

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of May 10 2012 All data from Triangle Multiple Listing Service Inc | Powered by 10K Research and Marketing period 10, 2012. Service, Inc.. Marketing.