Monthly Indicators

Monthly Indicators
September 2015
Quick Facts
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.
+ 7.4%
+ 6.9%
+ 8.3%
Change in
Closed Sales
All Properties
Change in
Closed Sales
Single-Family Only
Change in
Closed Sales
Condo Only
A research tool provided by the Coastal Carolinas Association of REALTORS..

Percent changes are calculated using rounded figures.
Single-Family Market Overview

Condo Market Overview
New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of List Price Received
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
2
3
4
5
6
7
8
9
10
11
12
13
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.
Single-Family Market Overview

Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Single-family homes only.
Key Metrics
Historical Sparkbars
New Listings
9-2012
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
+ 9.2%
554
653
+ 17.9%
5,049
5,992
+ 18.7%
596
637
+ 6.9%
4,696
5,486
+ 16.8%
153
150
- 2.0%
158
151
- 4.4%
$187,950
$202,000
+ 7.5%
$180,950
$191,995
+ 6.1%
$211,582
$234,955
+ 11.0%
$220,583
$230,381
+ 4.4%
96.9%
96.7%
- 0.2%
96.3%
96.8%
+ 0.5%
127
122
- 3.9%
132
129
- 2.3%
4,335
4,077
- 6.0%
--
--
--
8.3
6.7
- 19.3%
--
--
--
9-2015
Months Supply
9-2012
9,232
9-2015
Homes for Sale

9-2012
8,455
9-2015
Affordability Index
9-2012
+ 2.9%
9-2015
Pct. of List Price Received

9-2012
884
9-2015
Avg. Sales Price

9-2012
859
Percent Change
9-2015
Median Sales Price

9-2012
YTD 2014 YTD 2015
9-2015
Days on Market
9-2012
Percent Change
9-2015
Closed Sales
9-2012
9-2015
9-2015
Pending Sales
9-2012
9-2014
9-2015
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
Condo Market Overview

Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Condo properties only.
Key Metrics
Historical Sparkbars
New Listings
9-2012
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
9-2013
9-2014
- 0.2%
342
409
+ 19.6%
3,261
3,767
+ 15.5%
361
391
+ 8.3%
3,165
3,475
+ 9.8%
174
159
- 8.6%
166
163
- 1.8%
$117,000
$120,000
+ 2.6%
$112,000
$115,000
+ 2.7%
$136,422
$144,181
+ 5.7%
$138,454
$144,986
+ 4.7%
95.0%
94.6%
- 0.4%
94.5%
94.7%
+ 0.2%
205
206
+ 0.5%
214
215
+ 0.5%
3,667
3,303
- 9.9%
--
--
--
10.8
8.6
- 20.4%
--
--
--
9-2015
Months Supply
9-2012
5,727
9-2015
Homes for Sale

9-2012
5,740
9-2015
Affordability Index
9-2012
+ 6.3%
9-2015
Pct. of List Price Received

9-2012
590
9-2015
Avg. Sales Price

9-2012
555
Percent Change
9-2015
Median Sales Price

9-2012
YTD 2014 YTD 2015
9-2015
Days on Market
9-2012
Percent Change
9-2015
Closed Sales
9-2012
9-2015
9-2015
Pending Sales
9-2012
9-2014
9-2015
New Listings
A count of the properties that have been newly listed on the market in a given month.
Year to Date
September
859
9,232
884
8,455
787
7,624
541
555
590
2013
2014
2015
2013
2014
2015
+ 13.2%
+ 9.1%
+ 2.9%
+ 17.9%
+ 2.6%
+ 6.3%
Single-Family
5,563
2013
2014
+ 14.1% + 10.9%
Condo
5,740
5,727
2015
2013
2014
2015
+ 9.2%
+ 7.7%
+ 3.2%
- 0.2%
Single-Family
New Listings
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Condo
Historical New Listings by Month

Single-Family
Condo
1,200
1,000
800
600
400
200
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Pending Sales
A count of the properties on which offers have been accepted in a given month.
Year to Date
September
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Pending Sales
653
5,992
554
5,049
460
4,633
409
3,767
342
3,262
3,261
289
2013
2014
2015
2013
+ 8.7%
+ 20.4%
+ 17.9%
- 14.0%
Single-Family
2014
2015
+ 18.3% + 19.6%
Condo
2013
2014
2015
2013
2014
2015
+ 17.7%
+ 9.0%
+ 18.7%
+ 2.0%
- 0.0%
+ 15.5%
Single-Family
Condo
Historical Pending Sales by Month

Single-Family
Condo
800
600
400
200
0
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Closed Sales
A count of the actual sales that closed in a given month.
Year to Date
September
5,486
637
596
4,696
521
4,335
330
2013
2014
+ 29.0% + 14.4%
361
391
3,193
3,475
3,165
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 6.9%
+ 13.0%
+ 9.4%
+ 8.3%
+ 22.6%
+ 8.3%
+ 16.8%
+ 8.3%
- 0.9%
+ 9.8%
Single-Family
Condo
Single-Family
Closed Sales
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Condo
Historical Closed Sales by Month

Single-Family
Condo
800
600
400
200
0
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
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.
Year to Date
September
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Days on Market
172
157
153
165
174
168
158
159
150
166
163
151
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 6.1%
- 2.5%
- 2.0%
+ 3.6%
+ 1.2%
- 8.6%
- 4.1%
- 4.2%
- 4.4%
- 2.9%
- 1.2%
- 1.8%
Single-Family
Condo
Single-Family
Condo
* Days on Market for all properties from October 2014 through September 2015. This is not the
average of the individual figures above.
Historical Days on Market Until Sale by Month

Single-Family
Condo
200
175
150
125
100
75
50
25
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Median Sales Price

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Year to Date
September
$202,000
$191,995
$187,950
$177,000
$172,695
$180,950
$117,150 $117,000 $120,000
$110,000 $112,000 $115,000
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 16.0%
+ 6.2%
+ 7.5%
+ 14.9%
- 0.1%
+ 2.6%
+ 7.9%
+ 4.8%
+ 6.1%
+ 4.9%
+ 1.8%
+ 2.7%
Single-Family
Condo
Single-Family
Condo
Median Sales Price
Single-Family
Year-Over-Year
Change
Condo
Year-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%
* Median Sales Price for all properties from October 2014 through September 2015. This is not
the average of the individual figures above.
Historical Median Sales Price by Month

Single-Family
Condo
$225,000
$200,000
$175,000
$150,000
$125,000
$100,000
$75,000
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Average Sales Price

Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
September
$234,955
$213,449
$212,642 $211,582
$146,190
$136,422
$220,583
$230,381
$144,181
137,943 $138,454
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 13.6%
- 0.5%
+ 11.0%
+ 14.1%
- 6.7%
+ 5.7%
+ 5.1%
+ 3.3%
+ 4.4%
+ 2.4%
+ 0.4%
+ 4.7%
Condo
Single-Family
Single-Family
Year-Over-Year
Change
Condo
Year-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%
227,471
+4.2%
144,153
+3.9%
$144,986
2013
Single-Family
Avg. Sales Price
Condo
12-Month Avg
* Avg. Sales Price for all properties from October 2014 through September 2015. This is not the
Historical Average Sales Price by Month

Single-Family
Condo
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Percent of List Price Received

Percentage found when dividing a propertys 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.
Year to Date
September
96.2% 96.9% 96.7%
94.8% 95.0% 94.6%
Pct. of List Price

Received
95.8% 96.3% 96.8%
94.3% 94.5% 94.7%
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 1.5%
+ 0.7%
- 0.2%
+ 0.9%
+ 0.2%
- 0.4%
+ 0.7%
+ 0.5%
+ 0.5%
+ 0.5%
+ 0.2%
+ 0.2%
Single-Family
Condo
Single-Family
Condo
Single-Family
Year-Over-Year
Change
Condo
Year-Over-Year
Change
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%
* Pct. of List Price Received for all properties from October 2014 through September 2015. This is
not the average of the individual figures above.
Historical Percent of List Price Received by Month

Single-Family
Condo
98.0%
96.0%
94.0%
92.0%
90.0%
88.0%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Housing Affordability Index

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.
Year to Date
September
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Affordability Index
201
133
127
205
214
206
136
122
132
214
215
129
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 21.8%
- 4.5%
- 3.9%
- 21.2%
+ 2.0%
+ 0.5%
- 16.6%
- 2.9%
- 2.3%
- 13.7%
0.0%
+ 0.5%
Single-Family
Condo
Single-Family
Condo
Historical Housing Affordability Index by Month

Single-Family
Condo
300
250
200
150
100
50
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Inventory of Homes for Sale

The number of properties available for sale in active status at the end of a given month.
September
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Homes for Sale
4,122
4,335
4,077
3,614
3,667
3,303
2013
2014
2015
2013
2014
2015
- 0.2%
+ 5.2%
- 6.0%
- 3.0%
+ 1.5%
- 9.9%
Single-Family
Condo
* Homes for Sale for all properties from October 2014 through September 2015. This is not the
Historical Inventory of Homes for Sale by Month

Single-Family
Condo
6,000
5,000
4,000
3,000
2,000
1,000
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Months Supply of Inventory

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.
September
Single-Family
Year-Over-Year
Change
Condo
Year-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%
Months Supply
10.7
8.6
10.8
8.6
8.3
6.7
2013
2014
2015
2013
2014
2015
- 16.5%
- 3.5%
- 19.3%
- 7.0%
+ 0.9%
- 20.4%
Single-Family
Condo
* Months Supply for all properties from October 2014 through September 2015. This is not the
Historical Months Supply of Inventory by Month

Single-Family
Condo
100.0
80.0
60.0
40.0
20.0
0.0
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015

Monthly Indicators

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A research tool provided by the Coastal Carolinas Association of REALTORS..

Single-Family Market Overview

Single-Family Market Overview

Homes for Sale

Pct. of List Price Received

Avg. Sales Price

Median Sales Price

YTD 2014 YTD 2015

Condo Market Overview

Homes for Sale

Pct. of List Price Received

Avg. Sales Price

Median Sales Price

YTD 2014 YTD 2015

Historical New Listings by Month

Historical Pending Sales by Month

Historical Closed Sales by Month

Days on Market Until Sale

Historical Days on Market Until Sale by Month

Median Sales Price

$117,150 $117,000 $120,000

$110,000 $112,000 $115,000

Median Sales Price

Historical Median Sales Price by Month

Average Sales Price

Avg. Sales Price

Historical Average Sales Price by Month

Percent of List Price Received

96.2% 96.9% 96.7%

94.8% 95.0% 94.6%

Pct. of List Price

95.8% 96.3% 96.8%

94.3% 94.5% 94.7%

Historical Percent of List Price Received by Month

Housing Affordability Index

Historical Housing Affordability Index by Month

Inventory of Homes for Sale

Homes for Sale

Historical Inventory of Homes for Sale by Month

Months Supply of Inventory

Historical Months Supply of Inventory by Month

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