Local Market Update May 2012

A RESEARCH TOOL PROVIDED BY TRIANGLE MLS

+ 10.5%

+ 38.3%
Change in Closed Sales

+ 1.3%
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

May
2011
446 269 $175,000 $190,977 $51.0 92.6% 96.6% 120 2,572 11.2

Year to Date
+/
+ 10.5% + 38.3% + 1.3% + 3.5% + 42.7% + 2.4% + 0.5% - 7.3% - 30.8% - 35.8%

2012
493 372 $177,250 $197,639 $72.8 94.8% 97.0% 111 1,779 7.2

2011
2,650 1,034 $168,900 $188,867 $194.8 90.8% 95.5% 125 ---

2012
2,571 1,280 $166,600 $188,775 $240.4 93.1% 96.4% 121 ---

+/
- 3.0% + 23.8% - 1.4% - 0.0% + 23.4% + 2.5% + 0.9% - 3.4% ---

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

May
446 493

2011

2012

Year to Date
2,650 2 650 2,571 2 571

2011

2012

372 269 1,034 1,280

+ 10.5% New Listings

+ 38.3% Closed Sales

- 3.0% New Listings

+ 23.8% 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 June 10 2012 All data from Triangle Multiple Listing Service Inc | Powered by 10K Research and Marketing period 10, 2012. Service, Inc.. Marketing.