Publish Date: February 7, 2011

Weekly Activity

Housing market activity in our nation's capital will struggle to clear the high New Listings ......... 2
water mark set during the spring 2010 tax credit. This dynamic reared its
head as sellers placed about 1,100 fewer properties on the market than
y did during
they g the same week in 2010. That made for a 29.8 p percent
Pending Sales ......... 3
decrease and this year's trendline has begun to diverge somewhat from
last year's.
Active Listings ......... 4
Pending Sales posted their smallest year-over-year gain in over two
months. Buyer activity increased 2.3 percent over year-ago levels, Most Recent Month
following seven consecutive weeks of double-digit gains. After hovering
somewhat above it, the current Pending Sales trendline has begun to
converge with the previous year's. Days on Market Until Sale ......... 5
Fortunately, the number of Active Listings for sale continued to fall. This
metric dropped 6.2 percent from a year prior to just under 54,000 homes. Percent of Original List Price Received at Sale ......... 6
That's the sixth consecutive week of inventory drops – a factor that will help
maintain price stability even as we're comparing a non-incentive market to
an incentive market. Housing Affordability Index ......... 7

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 2/7/2011. This report may be reproduced by MRIS members. 1
 New Listings
As of February 7, 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
11/6/2010 3,180 3,324 - 4.3%
11/13/2010 3,170 3,274 - 3.2%
3,500 11/20/2010 2,882 3,020 - 4.6%
11/27/2010 1,780 1,931 - 7.8%
3,000
12/4/2010 2,897 2,978 - 2.7%
12/11/2010 2,662 2,789 - 4.6%
12/18/2010 2,349 2,209 + 6.3%
2,500
12/25/2010 1,656 1,295 + 27.9%
1/1/2011 1,597 1,875 - 14.8%
2,000 1/8/2011 3,159 3,400 - 7.1%
1/15/2011 3,068 3,644 - 15.8%
1/22/2011 3,066 3,618 - 15.3%
1,500
1/29/2011 2,620 3,730 - 29.8%
3-Month Total: 34,086 37,087 - 8.1%
1,000
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 1/15/11 1/22/11 1/29/11
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 2/7/2011. This report may be reproduced by MRIS members. 2
 Pending Sales
As of February 7, 2011

Last Three Months Weekly Pending Sales

2,400
For the week Current One Year One Year
ending: Activity Ago Change
2,200
11/6/2010 2,008 1,866 + 7.6%
2,000 11/13/2010 1,941 1,798 + 8.0%
11/20/2010 2,066 1,829 + 13.0%
1,800 11/27/2010 1,319 1,290 + 2.2%
12/4/2010 1,772 1,709 + 3.7%
1,600
12/11/2010 1,732 1,558 + 11.2%
12/18/2010 1,755 1,471 + 19.3%
1,400
12/25/2010 1,354 926 + 46.2%
1/1/2011 1,250 1,047 + 19.4%
1/8/2011 1,671 1,449 + 15.3%
1,200
1/15/2011 2,056 1,780 + 15.5%
Current Activity 1/22/2011 2,201 1,984 + 10.9%
1,000
One Year Ago 1/29/2011 2,135 2,087 + 2.3%
3-Month Total: 23,260 20,794 + 11.9%
800
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 1/15/11 1/22/11 1/29/11

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 2/7/2011. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of February 7, 2011

Last Three Months Weekly Inventory for Sale

70,000
Current One Year One Year
Inventory as of:
Current Inventory Inventory Ago Change
67,500
One Year Ago 10/30/2010 67,212 64,633 + 4.0%
11/6/2010 65,616 63,226 + 3.8%
65,000 11/13/2010 65,029 63,138 + 3.0%
11/20/2010 64,335 62,819 + 2.4%
62,500
11/27/2010 63,363 62,402 + 1.5%
12/4/2010 62,614 61,189 + 2.3%
12/11/2010 61,130 60,685 + 0.7%
60,000
12/18/2010 60,287 60,121 + 0.3%
12/25/2010 59,085 59,318 - 0.4%
57,500 1/1/2011 58,473 58,992 - 0.9%
1/8/2011 55,281 56,367 - 1.9%
1/15/2011 55,099 56,834 - 3.1%
55,000
1/22/2011 54,606 57,200 - 4.5%
1/29/2011 53,959 57,505 - 6.2%
52,500
3 Month Avg:
3-Month 59 914
59,914 59 984
59,984 - 0.1%
0 1%
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 1/15/11 1/22/11 1/29/11

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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Reports are created and maintained by 10K Research and Marketing. Data current as of 2/7/2011. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
December 2010 — 90

Current One Year One Year

Month
112 Year Previous Change
1-2010 86 124 - 31.2%
2-2010 86 123 - 30.2%
90
85 3-2010 85 119 - 28.9%
4-2010 78 110 - 29.5%
5-2010 74 108 - 31.4%
6-2010 72 100 - 27.9%
7-2010 71 95 - 24.8%
8-2010 76 92 - 17.4%
9-2010 82 91 - 10.4%
- 23.9% + 5.9% 10-2010 83 90 - 7.5%
11-2010 86 84 + 1.7%
12-2010 90 85 + 5.9%
12-Month Avg: 81 102 - 20.8%

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 2/7/2011. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
December 2010 — 92.0%
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%
92.0%
4-2010 94.7% 91.3% + 3.7%
92% 90.9%
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% - 0.2%
86%
9-2010 93.0% 94.1% - 1.2%
84% + 3.3% - 2.0% 10-2010 92.8% 94.1% - 1.4%
82% 11-2010 92.5% 94.4% - 2.0%
12-2010 92.0% 93.9% - 2.0%
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 2/7/2011. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
December 2010 — 148

146 148 Current One Year One Year

144 Month
Year Previous Change
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 + 1.7%
6-2010 132 131 + 1.3%
7-2010 131 131 + 0.4%
8-2010 134 134 + 0.1%
9-2010 142 141 + 0.9%
+ 27.7% + 2.8% 10-2010 144 144 - 0.3%
11-2010 145 147 - 1.2%
12-2010 148 144 + 2.8%
12-2008 12-2009 12-2010 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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 2/7/2011. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
December 2010 — 6.9 Months

Current One Year One Year

9.1 Month
Year Previous Change
1-2010 6.1 8.3 - 26.6%
2-2010 6.1 8.2 - 24.9%
6.9
6.5 3-2010 6.2 8.2 - 24.1%
4-2010 6.6 8.1 - 19.5%
5-2010 6.7 8.1 - 18.1%
6-2010 7.0 8.0 - 11.7%
7-2010 7.3 7.7 - 6.1%
8-2010 7.5 7.6 - 0.9%
9-2010 7.5 7.4 + 2.3%
- 28.1% + 5.5% 10-2010 7.7 7.2 + 6.3%
11-2010 7.5 6.9 + 8.9%
12-2010 6.9 6.5 + 5.5%
12-Month Avg: 6.9 7.7 - 9.9%
12-2008 12-2009 12-2010

C d to
Compared t Last
L t Year:
Y Up (+)
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 2/7/2011. This report may be reproduced by MRIS members. 8