New Listings

As of January 18, 2011

Last Three Months Weekly New Listings

4,500
For the week Current One Year One Year
Current Activity ending: Activity Ago Change
4,000
One Year Ago 10/16/2010 3,280 3,512 - 6.6%
10/23/2010 3,185 3,633 - 12.3%
3,500 10/30/2010 3,260 3,245 + 0.5%
11/6/2010 3,178 3,324 - 4.4%
3,000
11/13/2010 3,168 3,274 - 3.2%
11/20/2010 2,878 3,020 - 4.7%
11/27/2010 1,775 1,931 - 8.1%
2,500
12/4/2010 2,889 2,978 - 3.0%
12/11/2010 2,660 2,789 - 4.6%
2,000 12/18/2010 2,345 2,209 + 6.2%
12/25/2010 1,654 1,295 + 27.7%
1/1/2011 1,596 1,875 - 14.9%
1,500
1/8/2011 3,154 3,400 - 7.2%
3-Month Total: 35,022 36,485 - 4.0%
1,000
10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11
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 11/23/10

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/18/2011. This report may be reproduced by MRIS members. 2
 Pending Sales
As of January 18, 2011

Last Three Months Weekly Pending Sales

2,400
Current Activity For the week Current One Year One Year
One Year Ago
ending: Activity Ago Change
2,200
10/16/2010 1,851 2,195 - 15.7%
2,000 10/23/2010 1,884 2,144 - 12.1%
10/30/2010 1,905 2,165 - 12.0%
1,800 11/6/2010 2,050 1,866 + 9.9%
11/13/2010 1,996 1,798 + 11.0%
1,600
11/20/2010 2,113 1,831 + 15.4%
11/27/2010 1,349 1,290 + 4.6%
1,400
12/4/2010 1,819 1,710 + 6.4%
12/11/2010 1,777 1,560 + 13.9%
12/18/2010 1,809 1,472 + 22.9%
1,200
12/25/2010 1,414 926 + 52.7%
1/1/2011 1,274 1,047 + 21.7%
1,000
1/8/2011 1,716 1,451 + 18.3%
3-Month Total: 22,957 21,455 + 7.0%
800
10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11

Compared to Last Year: Up (+)

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 11/23/10

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/18/2011. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of January 18, 2011

Last Three Months Weekly Inventory for Sale

70,000
Current One Year One Year
Current Inventory Inventory as of:
Inventory Ago Change
67,500 One Year Ago
10/9/2010 67,785 64,962 + 4.3%
10/16/2010 67,778 64,874 + 4.5%
65,000 10/23/2010 67,328 64,650 + 4.1%
10/30/2010 66,863 64,618 + 3.5%
62,500
11/6/2010 65,231 63,210 + 3.2%
11/13/2010 64,596 63,122 + 2.3%
11/20/2010 63,837 62,803 + 1.6%
60,000
11/27/2010 62,813 62,384 + 0.7%
12/4/2010 62,020 61,171 + 1.4%
57,500 12/11/2010 60,478 60,666 - 0.3%
12/18/2010 59,568 60,100 - 0.9%
12/25/2010 58,281 59,296 - 1.7%
55,000
1/1/2011 57,548 58,969 - 2.4%
1/8/2011 54,004 56,343 - 4.2%
52,500
3 Month Avg:
3-Month 62 334
62,334 61 708
61,708 + 1.0%
1 0%
10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11

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 11/30/10

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 Days on Market Until Sale
December 2010 — 91

Current One Year One Year

Month
112 Year Previous Change
1-2010 86 124 - 31.0%
2-2010 86 123 - 29.9%
91
85 3-2010 85 119 - 28.7%
4-2010 78 110 - 29.4%
5-2010 74 108 - 31.2%
6-2010 73 100 - 27.7%
7-2010 71 95 - 24.7%
8-2010 76 92 - 17.2%
9-2010 82 91 - 10.1%
- 23.9% + 6.5% 10-2010 83 90 - 7.3%
11-2010 86 84 + 2.1%
12-2010 91 85 + 6.5%
12-Month Avg: 81 102 - 20.5%

12-2008 12-2009 12-2010

Compared to Last Year: Up (+)
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 1/18/2011. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
December 2010 — 91.9%
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
1-2010 93.6% 90.2% + 3.8%
96%

93.9% 2-2010 93.9% 90.0% + 4.4%

94%
3-2010 94.2% 90.4% + 4.1%
91.9% 94.6% 91.3%
92% 90.9% 4-2010 + 3.7%
5-2010 94.9% 92.2% + 2.9%
90%
6-2010 94.7% 92.9% + 2.0%
88% 7-2010 94.3% 93.4% + 0.9%
8-2010 93.6% 93.8% - 0.3%
86%
9-2010 92.9% 94.1% - 1.2%
84% + 3.3% - 2.1% 10-2010 92.8% 94.1% - 1.4%
82% 11-2010 92.5% 94.4% - 2.1%
12-2010 91.9% 93.9% - 2.1%
80%
12-Month Avg: 93.7% 92.6% + 1.2%
12-2008 12-2009 12-2010
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 1/18/2011. This report may be reproduced by MRIS members. 6