New Listings

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

March Year To Date Prior Current

Month +/–
Year Year

22,869 April 18,479 24,237 +31.2%

May 18,291 16,987 -7.1%
48,862 50,555
18,394 18,496 June 17,665 18,347 +3.9%
44,133
July 17,763 17,783 +0.1%
August 16,275 16,116 -1.0%
September 16,891 16,501 -2.3%
October 16,401 14,753 -10.0%
November 12,163 11,921 -2.0%
December 10,111 10,000 -1.1%
January 15,060 12,735 -15.4%
February 12,626 12,902 +2.2%
+24.3% -19.1% +3.5% -12.7%
March 22,869 18,496 -19.1%
2009 2010 2011 2009 2010 2011 12-Month Avg 16,216 15,898 -2.0%

Historical New Listing Activity

29,000

24,000

19,000

14,000

9,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Pending Sales
A count of the properties that have offers accepted on them in a given month.

March Year To Date Prior Current

Month +/–
Year Year
April 10,948 14,378 +31.3%
12,158 12,452 May 10,998 7,836 -28.8%
29,245
27,141 June 10,839 9,064 -16.4%
9,829 24,639 July 10,598 8,466 -20.1%
August 9,977 8,397 -15.8%
September 10,112 7,818 -22.7%
October 9,966 7,903 -20.7%
November 7,169 7,478 +4.3%
December 6,117 6,453 +5.5%
January 7,644 7,693 +0.6%
February 7,339 9,100 +24.0%
+23.7% +2.4% +10.2% +7.8%
March 12,158 12,452 +2.4%
2009 2010 2011 2009 2010 2011 12-Month Avg 9,489 8,920 -6.0%

Historical Pending Sales Activity

20,000

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Closed Sales
A count of the properties that have closed in a given month.

March Year To Date Prior Current

Month +/–
Year Year
April 8,423 10,579 +25.6%
8,935 May 9,326 11,121 +19.2%
8,344 20,954 20,605 June 11,173 12,508 +11.9%
7,683 19,076
July 11,093 8,907 -19.7%
August 10,114 8,954 -11.5%
September 9,801 8,310 -15.2%
October 10,130 7,444 -26.5%
November 9,832 7,482 -23.9%
December 8,404 8,231 -2.1%
January 6,109 6,001 -1.8%
February 5,910 6,260 +5.9%
+16.3% -6.6% +9.8% -1.7%
March 8,935 8,344 -6.6%
2009 2010 2011 2009 2010 2011 12-Month Avg 9,104 8,678 -3.7%

Historical Closed Sales Activity

21,000

19,000

17,000

15,000

13,000

11,000

9,000

7,000

5,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Days on Market Until Sale
The average number of days between when a property is first listed and when an offer is accepted. Sold properties only.

March Year To Date Prior Current

Month +/–
Year Year
April 110 78 -29.6%
122 May 108 74 -31.5%
119
June 100 72 -28.0%
102 100 July 95 71 -24.9%
85 85 August 92 76 -17.6%
September 91 81 -10.6%
October 90 83 -7.7%
November 84 85 +1.2%
December 85 90 +5.6%
January 86 97 +13.5%
February 86 101 +17.5%
-24.8% +20.2% -24.3% +17.6%
March 85 102 +20.3%
2009 2010 2011 2009 2010 2011 12-Month Avg 93 83 -11.4%

Historical Days on Market Until Sale

140

120

100

80

60

40

20

0
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Median Sales Price
The median sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.

March Year To Date Prior Current

Month +/–
Year Year
April $252,500 $260,000 +3.0%
May $270,000 $268,579 -0.5%
$253,000 $250,000 $245,000 $250,000 $249,900
$240,000 June $280,000 $280,000 0.0%
July $280,000 $285,000 +1.8%
August $275,000 $280,180 +1.9%
September $260,000 $265,000 +1.9%
October $255,000 $265,000 +3.9%
November $255,000 $267,950 +5.1%
December $260,000 $260,000 0.0%
January $245,000 $238,045 -2.8%
February $250,000 $235,000 -6.0%
-1.2% -2.0% -0.0% -4.0%
March $250,000 $245,000 -2.0%
2009 2010 2011 2009 2010 2011 12-Month Avg $263,000 $265,000 +0.8%

Historical Median Sales Price

$380,000

$360,000

$340,000

$320,000

$300,000

$280,000

$260,000

$240,000

$220,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Average Sales Price
The average sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.

March Year To Date Prior Current

Month +/–
Year Year
April $313,259 $323,326 +3.2%
$313,317 $313,297 $319,997 May $328,378 $331,196 +0.9%
$310,539 $306,338 $306,592
June $346,259 $351,521 +1.5%
July $344,930 $357,274 +3.6%
August $339,520 $349,575 +3.0%
September $320,558 $327,991 +2.3%
October $315,343 $334,543 +6.1%
November $313,265 $335,464 +7.1%
December $346,290 $336,941 -2.7%
January $309,610 $305,225 -1.4%
February $340,856 $298,980 -12.3%
+ 0.9% - 0.0% + 4.5% - 4.2%
March $313,317 $313,297 -0.0%
2009 2010 2011 2009 2010 2011 12-Month Avg $328,257 $332,576 +1.3%

Historical Average Sales Price

$440,000

$420,000

$400,000

$380,000

$360,000

$340,000

$320,000

$300,000

$280,000

$260,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Percent of Original List Price Received
The average percentage found when dividing a property's sales price by the original list price. Sold properties only. Does not account for seller concessions.

March Year To Date Prior Current

Month +/–
Year Year
April 91.3% 94.7% +3.7%
94.2% 91.9% 94.0% 91.6%
90.4% 90.2% May 92.2% 94.9% +2.9%
June 92.9% 94.8% +2.0%
July 93.4% 94.3% +0.9%
August 93.8% 93.6% -0.2%
September 94.1% 93.0% -1.2%
October 94.1% 92.8% -1.4%
November 94.4% 92.5% -2.0%
December 93.9% 92.0% -2.0%
January 93.6% 91.5% -2.3%
February 93.9% 91.4% -2.7%
+4.1% -2.5% +4.1% -2.5%
March 94.2% 91.9% -2.5%
2009 2010 2011 2009 2010 2011 12-Month Avg 93.5% 93.4% -0.1%

Historical Percent of Original List Price Received

102.0%

100.0%

98.0%

96.0%

94.0%

92.0%

90.0%

88.0%
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Housing Affordability Index
This index measures housing affordability for the region. An index of 120 would mean the median household income was 120% of what's necessary
to qualify for the median priced home under prevailing interest rates. The higher the number, the more affordable our housing is.

March Year To Date Prior Current

Month +/–
Year Year
April 157 153 -2.5%
186 189
May 143 149 +4.3%
156 159 157 159 June 138 147 +6.4%
July 139 148 +6.2%
August 145 152 +5.3%
September 153 160 +4.5%
October 156 161 +3.3%
November 159 161 +1.3%
December 151 163 +8.0%
January 162 190 +17.6%
February 159 191 +20.5%
+2.0% +17.0% +1.0% +19.1%
March 159 186 +17.0%
2009 2010 2011 2009 2010 2011 12-Month Avg 152 164 +7.6%

Historical Housing Affordability Index

210

190

170

150

130

110

90
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Inventory of Homes for Sale
The number of properties available for sale in active status at the end of the month.

March Prior Current

Month +/–
Year Year
April 69,099 62,354 -9.8%
May 69,408 65,240 -6.0%
68,713
June 68,732 67,188 -2.2%
57,802 July 67,656 68,367 +1.1%
54,485
August 66,915 69,388 +3.7%
September 65,509 68,740 +4.9%
October 65,071 68,846 +5.8%
November 63,404 66,453 +4.8%
December 60,916 62,614 +2.8%
January 56,337 57,249 +1.6%
February 57,449 55,872 -2.7%
-15.9% -5.7%
March 57,802 54,485 -5.7%
2009 2010 2011 12-Month Avg 64,025 63,900 -0.2%

Historical Inventory of Homes for Sale

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Months Supply of Inventory
Compares the number of active listings available to the average monthly pending sales for the last 12 months.

March Prior Current

Month +/–
Year Year
April 8.1 6.6 -19.3%
8.2 May 8.1 6.7 -17.9%
June 8.0 7.1 -11.3%
6.2 6.1 July 7.7 7.3 -5.7%
August 7.6 7.6 -0.4%
September 7.4 7.6 +3.2%
October 7.2 7.8 +7.8%
November 6.9 7.6 +11.4%
December 6.6 7.2 +9.6%
January 6.1 6.5 +7.8%
February 6.2 6.4 +3.8%
-24.0% -1.5%
March 6.2 6.1 -1.5%
2009 2010 2011 12-Month Avg 7.2 7.0 -1.8%

Historical Months Supply of Inventory

12

10

0
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Annual Review
Historical look at key market metrics for the overall region.

Closed Sales Days on Market Until Sale

114
142,188
100
93
113,119 107,372 104,490 80
98,539
63

-20.4% -12.9% +9.0% -2.7% +47.5 +21.9 -12.2% -20.2%

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Median Sales Price Percent of Original List Price Received

$347,000 $339,900 96.6% 94.8%

92.0% 92.8% 93.8%
$290,900
$263,000 $265,000

-2.0% -14.4% -9.6% +0.8% -1.9% -2.9% +0.9% +1.1%

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

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