Publish Date: December 6, 2010

Weekly Activity

We're rapidly approaching the time of year where we see the most New Listings ......... 2
dramatic seasonal slow-down in the Washington D.C. housing market.
Remember that it's strictly temporary theatrics; demand will respawn and
g
regenerate p g market heats up.
as the spring p
Pending Sales ......... 3

For the week ending November 27, Pending Sales maintained their 10.3
Active Listings ......... 4
percent lead in the race against last year's numbers, with 1,429 contracts
written. This is the fourth consecutive week of double-digit gains over year-
ago levels. Seller activity continued to mimic last year's levels. New Listings Most Recent Month
were down 8.4 percent from 2009 levels, with sellers adding 1,768 homes
to the marketplace.
Days on Market Until Sale ......... 5
With less new product and more sales activity, inventory continued its year-
over-year and week-to-week descent. The number of Active Listings fell by
3.6 percent from last year to arrive at 58,908. Percent of Original List Price Received at Sale ......... 6
Although Months Supply of Inventory was up 1.3 percent compared to last
year, the 12-month average is at 6.8 months which is 16.8 percent lower Housing Affordability Index ......... 7
than the average for last year. The current 7.3 months of supply indicates a
fairly balanced market.
Months Supply of Inventory ......... 8

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 1
 New Listings
As of December 6, 2010

Last Three Months Weekly New Listings

4,500
For the week Current One Year One Year
Current Activity
ending: Activity Ago Change
One Year Ago
4,000 9/4/2010 3,755 4,076 - 7.9%
9/11/2010 3,816 3,853 - 1.0%
9/18/2010 3,816 3,995 - 4.5%
3,500 9/25/2010 3,838 3,857 - 0.5%
10/2/2010 3,667 3,975 - 7.7%
10/9/2010 3,744 3,973 - 5.8%
3,000
10/16/2010 3,273 3,512 - 6.8%
10/23/2010 3,178 3,633 - 12.5%
2,500
10/30/2010 3,246 3,245 + 0.0%
11/6/2010 3,164 3,324 - 4.8%
11/13/2010 3,161 3,274 - 3.5%
2,000 11/20/2010 2,867 3,020 - 5.1%
11/27/2010 1,768 1,931 - 8.4%
3-Month Total: 43,293 45,668 - 5.2%
1,500
9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10
Compared to Last Year: Down (-)

Historical New Listings Compared to 2003: Down (-)

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10 7/26/10 11/23/
 Pending Sales
As of December 6, 2010

Last Three Months Weekly Pending Sales

2,600
Current Activity For the week Current One Year One Year
One Year Ago
ending: Activity Ago Change
2,400
9/4/2010 1,979 2,505 - 21.0%
9/11/2010 1,613 2,108 - 23.5%
2,200
9/18/2010 2,074 2,414 - 14.1%
9/25/2010 2,001 2,299 - 13.0%
2,000 10/2/2010 2,187 2,461 - 11.1%
10/9/2010 2,013 2,390 - 15.8%
10/16/2010 1,983 2,197 - 9.7%
1,800
10/23/2010 2,023 2,145 - 5.7%
10/30/2010 2,028 2,167 - 6.4%
1,600 11/6/2010 2,223 1,866 + 19.1%
11/13/2010 2,194 1,802 + 21.8%
1,400 11/20/2010 2,279 1,833 + 24.3%
11/27/2010 1,429 1,296 + 10.3%
3-Month Total: 26,026 27,483 - 5.3%
1,200
9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10

Compared to Last Year: Down (-)

Historical Pending Sales Compared to 2003: Down (-)
5,000

4,000

3,000

2,000

1,000

0
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10 7/26/10 11/23/

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of December 6, 2010

Last Three Months Weekly Inventory for Sale

70,000
Current Inventory Current One Year One Year
Inventory as of:
One Year Ago
Inventory Ago Change
68,000 8/28/2010 68,311 65,720 + 3.9%
9/4/2010 67,652 65,516 + 3.3%
9/11/2010 67,990 65,848 + 3.3%
66,000
9/18/2010 67,913 65,890 + 3.1%
9/25/2010 67,993 65,999 + 3.0%
10/2/2010 66,620 64,915 + 2.6%
64,000
10/9/2010 66,461 64,826 + 2.5%
10/16/2010 65,864 64,600 + 2.0%
62,000
10/23/2010 65,208 64,567 + 1.0%
10/30/2010 63,428 63,157 + 0.4%
11/6/2010 62,558 63,067 - 0.8%
60,000 11/13/2010 61,465 62,746 - 2.0%
11/20/2010 60,027 62,325 - 3.7%
11/27/2010 58,908 61,105 - 3.6%
58,000
3 Month Avg:
3-Month 64 776
64,776 64 197
64,197 + 0.9%
0 9%
8/28/10 9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10

Compared to Last Year: Even

Historical Weekly Inventory for Sale Compared to 2003: Down (-)
90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000
1/11/03 5/11/03 9/8/03 1/6/04 5/5/04 9/2/04 12/31/04 4/30/05 8/28/05 12/26/05 4/25/06 8/23/06 12/21/06 4/20/07 8/18/07 12/16/07 4/14/08 8/12/08 12/10/08 4/9/09 8/7/09 12/5/09 4/4/10 8/2/10

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
October 2010 — 84

Current One Year One Year

Month
Year Previous Change
11-2009 84 111 - 24.2%
115
12-2009 85 112 - 23.9%
1-2010 86 124 - 31.0%
90 2-2010 86 123 - 29.7%
84
3-2010 85 119 - 28.5%
4-2010 78 110 - 29.2%
5-2010 74 108 - 31.0%
6-2010 73 100 - 27.4%
7-2010 71 95 - 24.6%
- 21.8% - 6.4% 8-2010 77 92 - 16.9%
9-2010 82 91 - 9.8%
10-2010 84 90 - 6.4%
12-Month Avg: 81 106 - 24.2%

10-2008 10-2009 10-2010

Compared to Last Year: Down (-)
Historical Days on Market Until Sale Compared to 2003: Up (+)
140

120

100

80

60

40

20

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

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Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
October 2010 — 92.7%
Does not account for list prices from any previous
100%
listing contracts or seller concessions. Current One Year One Year
Month
98% Year Previous Change
11-2009 94.4% 91.0% + 3.7%
96%
94.1% 12-2009 93.9% 90.9% + 3.3%
94%
92.7% 1-2010 93.6% 90.2% + 3.8%
91.9% 93.9% 90.0%
92% 2-2010 + 4.3%
3-2010 94.1% 90.4% + 4.1%
90%
4-2010 94.6% 91.3% + 3.7%
88% 5-2010 94.8% 92.2% + 2.9%
6-2010 94.7% 92.9% + 2.0%
86%
7-2010 94.3% 93.4% + 0.9%
84% + 2.5% - 1.5% 8-2010 93.5% 93.8% - 0.3%
82% 9-2010 92.9% 94.1% - 1.3%
10-2010 92.7% 94.1% - 1.5%
80%
12-Month Avg: 94.0% 92.0% + 2.1%
10-2008 10-2009 10-2010
C d to Last
Compared L Y
Year: Down (-)
Historical Percent of Original List Price Received at Sale Compared to 2003: Down (-)
102%

100%

98%

96%

94%

92%

90%

88%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

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Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
October 2010 — 142

Current One Year One Year

144 142 Month
Year Previous Change
128 11-2009 147 143 + 3.1%
12-2009 144 146 - 1.4%
1-2010 152 152 + 0.2%
2-2010 149 155 - 4.4%
3-2010 149 146 + 2.2%
4-2010 144 146 - 1.6%
5-2010 139 136 + 2.0%
6-2010 132 131 + 1.3%
7-2010 131 131 + 0.4%
+ 19.3% - 1.3% 8-2010 135 134 + 0.5%
9-2010 143 141 + 1.4%
10-2010 142 144 - 1.3%
10-2008 10-2009 10-2010 12-Month Avg: 142 142 + 0.1%
The Housing Affordability Index measures housing affordability for the MRIS service
region. The higher the number, the more affordable our housing is. Compared to Last Year: Even
Historical Housing Affordability Index An HAI of 120 would mean that the median household income was 120% of the
Up (+)
necessary income to qualify for the median priced home under prevailing interest rates. Compared to 2003:
160

150

140

130

120

110

100

90

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
October 2010 — 7.3 Months

Current One Year One Year

Month
Year Previous Change
9.8 11-2009 6.8 9.5 - 28.3%
12-2009 6.5 9.1 - 28.3%
1-2010 6.0 8.3 - 26.8%
7.2 7.3
2-2010 6.1 8.2 - 25.0%
3-2010 6.2 8.2 - 24.3%
4-2010 6.5 8.1 - 19.8%
5-2010 6.6 8.1 - 18.6%
6-2010 7.0 8.0 - 12.3%
7-2010 7.2 7.7 - 7.2%
- 26.6% + 1.3% 8-2010 7.4 7.6 - 2.5%
9-2010 7.3 7.3 - 0.5%
10-2010 7.3 7.2 + 1.3%
12-Month Avg: 6.8 8.1 - 16.8%
10-2008 10-2009 10-2010

C d to
Compared t Last
L t Year:
Y Even
Historical Months Supply of Inventory Compared to 2003: Up (+)
12

10

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

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 12/6/2010. This report may be reproduced by MRIS members. 8