Publish Date: September 13, 2010

Weekly Activity

For the week ending September 4, New Listings in the MRIS New Listings ......... 2
region were down 8.2 percent compared to the same time last
year, with 3,742 new properties coming on the market. This
slowdown in seller activityy will ensure that inventoryy remains
Pending Sales ......... 3
below last year's levels, and that's a good thing.
Active Listings ......... 4
The 2,273 signed purchase agreements represented an 9.4
percent decrease in Pending Sales. This dip in buyer activity is on
par with the previous week, although it does mark the third Most Recent Month
consecutive week of year-over-year declines.

Although Pending Sales were down, the number of Active Listings Days on Market Until Sale ......... 5
for Sale was also down 4.0 percent from last year and current
inventory trendline has been diverging down and away from last
year's - a factor that will continue to bring stability to the market. Percent of Original List Price Received at Sale ......... 6
With August numbers out, market times decreased 16.4 percent
to 77 days, negotiations leaned 0.4 percent more toward buyers, Housing Affordability Index ......... 7
and Months Supply of Inventory decreased 7.5 percent to 7.0
months.
Months Supply of Inventory ......... 8

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Reports are created and maintained by 10K Research and Marketing. Data current as of 9/13/2010. This report may be reproduced by MRIS members. 1
 New Listings
As of September 13, 2010

Last Three Months Weekly New Listings

4,500
For the week Current One Year One Year
ending: Activity Ago Change
Current Activity
4,300
One Year Ago
6/12/2010 4,278 4,271 + 0.2%
6/19/2010 4,152 3,909 + 6.2%
6/26/2010 4,154 3,939 + 5.5%
4,100
7/3/2010 3,898 3,635 + 7.2%
7/10/2010 3,970 4,141 - 4.1%
7/17/2010 4,090 4,114 - 0.6%
3,900
7/24/2010 3,888 3,822 + 1.7%
7/31/2010 3,919 3,921 - 0.1%
3,700
8/7/2010 3,982 3,951 + 0.8%
8/14/2010 3,711 3,805 - 2.5%
8/21/2010 3,503 3,702 - 5.4%
3,500 8/28/2010 3,442 3,609 - 4.6%
9/4/2010 3,742 4,076 - 8.2%
3-Month Total: 50,729 50,895 - 0.3%
3,300
6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10 7/31/10 8/7/10 8/14/10 8/21/10 8/28/10 9/4/10
Compared to Last Year: Even

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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 9/13/2010. This report may be reproduced by MRIS members. 2
 Pending Sales
As of September 13, 2010

Last Three Months Weekly Pending Sales

3,000
For the week Current One Year One Year
ending: Activity Ago Change
Current Activity 6/12/2010 2,297 2,435 - 5.7%
2,750
One Year Ago 6/19/2010 2,185 2,509 - 12.9%
6/26/2010 2,144 2,336 - 8.2%
7/3/2010 2,353 2,342 + 0.5%
2,500
7/10/2010 1,834 2,249 - 18.5%
7/17/2010 2,213 2,474 - 10.5%
7/24/2010 2,270 2,396 - 5.3%
2,250 7/31/2010 2,208 2,469 - 10.6%
8/7/2010 2,429 2,273 + 6.9%
8/14/2010 2,281 2,249 + 1.4%
2,000 8/21/2010 2,311 2,313 - 0.1%
8/28/2010 2,118 2,336 - 9.3%
9/4/2010 2,273 2,508 - 9.4%
3-Month Total: 28,916 30,889 - 6.4%
1,750
6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10 7/31/10 8/7/10 8/14/10 8/21/10 8/28/10 9/4/10

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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 9/13/2010. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of September 13, 2010

Last Three Months Weekly Inventory for Sale

71,000
Current One Year One Year
Inventory as of:
Inventory Ago Change
Current Inventory
69,500
One Year Ago
6/5/2010 66,219 68,744 - 3.7%
6/12/2010 66,558 68,843 - 3.3%
6/19/2010 66,787 68,830 - 3.0%
68,000
6/26/2010 67,195 69,041 - 2.7%
7/3/2010 66,312 67,608 - 1.9%
7/10/2010 66,673 67,603 - 1.4%
66,500
7/17/2010 66,601 67,612 - 1.5%
7/24/2010 66,636 67,468 - 1.2%
65,000
7/31/2010 65,816 66,611 - 1.2%
8/7/2010 65,628 66,613 - 1.5%
8/14/2010 65,255 66,610 - 2.0%
63,500 8/21/2010 64,780 66,503 - 2.6%
8/28/2010 64,110 65,642 - 2.3%
9/4/2010 62,786 65,434 - 4.0%
62,000
3 Month Avg:
3-Month 65 780
65,780 67 263
67,263 - 2.2%
2 2%
6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10 7/31/10 8/7/10 8/14/10 8/21/10 8/28/10 9/4/10

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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 9/13/2010. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
August 2010 — 77

Current One Year One Year

Month
Year Previous Change
109
9-2009 91 112 - 18.8%
92 10-2009 90 115 - 21.8%
11-2009 84 111 - 24.2%
77 12-2009 85 112 - 23.9%
1-2010 86 124 - 30.9%
2-2010 87 123 - 29.6%
3-2010 85 119 - 28.5%
4-2010 78 110 - 29.1%
5-2010 74 108 - 30.9%
- 15.3% - 16.4% 6-2010 73 100 - 27.3%
7-2010 72 95 - 24.4%
8-2010 77 92 - 16.4%
12-Month Avg: 82 110 - 25.7%

8-2008 8-2009 8-2010

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 9/13/2010. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
August 2010 — 93.5%
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
9-2009 94.1% 92.4% + 1.9%
96%
10-2009 94.1% 91.9% + 2.5%
93.8% 93.5%
94%
92.4% 11-2009 94.4% 91.0% + 3.7%
92% 12-2009 93.9% 90.9% + 3.3%
1-2010 93.6% 90.2% + 3.8%
90%
2-2010 93.9% 90.0% + 4.3%
88% 3-2010 94.1% 90.4% + 4.1%
4-2010 94.6% 91.3% + 3.7%
86%
5-2010 94.8% 92.2% + 2.9%
84% + 1.5% - 0.4% 6-2010 94.7% 92.9% + 1.9%
82% 7-2010 94.3% 93.4% + 0.9%
8-2010 93.5% 93.8% - 0.4%
80%
12-Month Avg: 94.2% 91.7% + 2.7%
8-2008 8-2009 8-2010
Compared to Last Year: Down (-)
Historical Percent of Original List Price Received at Sale Compared to 2003: Down (-)
105%

100%

95%

90%

85%

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 9/13/2010. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
August 2010 — 134

Current One Year One Year

Month
Year Previous Change
134 134
9-2009 141 132 + 7.0%
121
10-2009 144 128 + 12.8%
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%
+ 12.9% - 0.3% 6-2010 132 131 + 1.3%
7-2010 131 131 + 0.4%
8-2010 134 134 - 0.3%
8-2008 8-2009 8-2010 12-Month Avg: 142 140 + 1.6%
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
necessary income to qualify for the median priced home under prevailing interest rates. Compared to 2003: Up (+)
160

150

140

130

120

110

100

90

80

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 9/13/2010. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
August 2010 — 7.0 Months

Current One Year One Year

Month
10.6 Year Previous Change
9-2009 7.3 10.2 - 28.0%
10-2009 7.2 9.8 - 26.8%
7.6 11-2009 6.8 9.5 - 28.5%
7.0 12-2009 6.5 9.1 - 28.5%
1-2010 6.0 8.3 - 27.1%
2-2010 6.1 8.2 - 25.4%
3-2010 6.1 8.2 - 24.9%
4-2010 6.5 8.1 - 20.6%
5-2010 6.5 8.1 - 19.8%
- 28.4% - 7.5% 6-2010 6.8 8.0 - 14.1%
7-2010 6.9 7.7 - 10.1%
8-2010 7.0 7.6 - 7.5%
12-Month Avg: 6.7 8.6 - 22.3%
8-2008 8-2009 8-2010

C d to
Compared t Last
L t Year:
Y Down (-)
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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 9/13/2010. This report may be reproduced by MRIS members. 8