New Listings

A count of the properties that have been newly listed on the market in a given month.

April Year To Date Prior Current

Month +/–
Year Year
May 18,291 16,987 -7.1%
74,792
June 17,665 18,348 +3.9%
24,237 67,341
62,589 July 17,763 17,784 +0.1%
August 16,275 16,116 -1.0%
18,479 18,397 September 16,891 16,505 -2.3%
October 16,401 14,761 -10.0%
November 12,163 11,925 -2.0%
December 10,111 10,009 -1.0%
January 15,060 12,759 -15.3%
February 12,626 12,918 +2.3%
March 22,869 18,515 -19.0%
+31.2% -24.1% +11.1% -16.3%
April 24,237 18,397 -24.1%
2009 2010 2011 2009 2010 2011 12-Month Avg 16,696 15,419 -7.7%

Historical New Listing Activity

29,000

24,000

19,000

14,000

9,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Pending Sales
A count of the properties that have offers accepted on them in a given month.

April Year To Date Prior Current

Month +/–
Year Year
May 10,998 7,827 -28.8%
14,365 41,493
39,771 June 10,839 9,049 -16.5%
35,583 July 10,598 8,442 -20.3%
11,838
10,948 August 9,975 8,360 -16.2%
September 10,110 7,776 -23.1%
October 9,965 7,859 -21.1%
November 7,168 7,423 +3.6%
December 6,116 6,345 +3.7%
January 7,642 7,489 -2.0%
February 7,331 8,721 +19.0%
March 12,155 11,723 -3.6%
+31.2% -17.6% +16.6% -4.2%
April 14,365 11,838 -17.6%
2009 2010 2011 2009 2010 2011 12-Month Avg 9,772 8,571 -12.3%

Historical Pending Sales Activity

20,000

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Closed Sales
A count of the properties that have closed in a given month.

April Year To Date Prior Current

Month +/–
Year Year
May 9,326 11,119 +19.2%
10,580 31,534 June 11,173 12,512 +12.0%
29,369
27,499 July 11,093 8,907 -19.7%
8,423 8,527 August 10,114 8,957 -11.4%
September 9,801 8,313 -15.2%
October 10,130 7,447 -26.5%
November 9,832 7,485 -23.9%
December 8,404 8,241 -1.9%
January 6,109 6,013 -1.6%
February 5,910 6,285 +6.3%
March 8,935 8,544 -4.4%
+25.6% -19.4% +14.7% -6.9%
April 10,580 8,527 -19.4%
2009 2010 2011 2009 2010 2011 12-Month Avg 9,284 8,529 -7.2%

Historical Closed Sales Activity

21,000

19,000

17,000

15,000

13,000

11,000

9,000

7,000

5,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Days on Market Until Sale
The average number of days between when a property is first listed and when an offer is accepted. Sold properties only.

April Year To Date Prior Current

Month +/–
Year Year
May 108 74 -31.6%
110
June 100 72 -28.0%
99 118
July 95 71 -24.9%
100 August 92 76 -17.6%
78
83 September 91 81 -10.6%
October 90 83 -7.7%
November 84 85 +1.2%
December 85 90 +5.5%
January 86 97 +13.3%
February 86 101 +17.3%
March 85 101 +19.6%
-23.5% +24.8% -24.2% +19.8%
April 78 99 +27.4%
2009 2010 2011 2009 2010 2011 12-Month Avg 90 84 -6.6%

Historical Days on Market Until Sale

140

120

100

80

60

40

20

0
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Median Sales Price
The median sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.

April Year To Date Prior Current

Month +/–
Year Year
May $270,000 $268,278 -0.6%

$260,000 June $280,000 $280,000 0.0%

$252,500 $252,500 $250,000 $252,000 $245,000 July $280,000 $285,000 +1.8%
August $275,000 $280,080 +1.8%
September $260,000 $265,000 +1.9%
October $255,000 $265,000 +3.9%
November $255,000 $267,500 +4.9%
December $260,000 $260,000 0.0%
January $245,000 $238,495 -2.7%
February $250,000 $235,000 -6.0%
March $250,000 $245,000 -2.0%
+3.0% -2.9% +0.8% -2.8%
April $260,000 $252,500 -2.9%
2009 2010 2011 2009 2010 2011 12-Month Avg $264,000 $265,000 +0.4%

Historical Median Sales Price

$380,000

$360,000

$340,000

$320,000

$300,000

$280,000

$260,000

$240,000

$220,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Average Sales Price
The average sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.

April Year To Date Prior Current

Month +/–
Year Year
May $328,378 $331,195 +0.9%
$323,326 $324,491 $321,116
$313,259 $308,460 $311,631 June $346,259 $351,450 +1.5%
July $344,930 $357,274 +3.6%
August $339,520 $349,522 +2.9%
September $320,558 $327,906 +2.3%
October $315,343 $334,423 +6.1%
November $313,265 $335,364 +7.1%
December $346,290 $336,825 -2.7%
January $309,610 $305,314 -1.4%
February $340,856 $298,741 -12.4%
March $313,317 $312,767 -0.2%
+ 3.2% + 0.4% + 4.1% - 3.0%
April $323,326 $324,491 +0.4%
2009 2010 2011 2009 2010 2011 12-Month Avg $328,917 $332,721 +1.2%

Historical Average Sales Price

$440,000

$420,000

$400,000

$380,000

$360,000

$340,000

$320,000

$300,000

$280,000

$260,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Percent of Original List Price Received
The average percentage found when dividing a property's sales price by the original list price. Sold properties only. Does not account for seller concessions.

April Year To Date Prior Current

Month +/–
Year Year
May 92.2% 94.9% +2.9%
94.7% 92.4% 94.2% 91.8%
91.3% 90.5% June 92.9% 94.8% +2.0%
July 93.4% 94.3% +0.9%
August 93.8% 93.6% -0.2%
September 94.1% 93.0% -1.2%
October 94.1% 92.8% -1.4%
November 94.4% 92.5% -2.0%
December 93.9% 92.0% -2.0%
January 93.6% 91.5% -2.3%
February 93.9% 91.4% -2.7%
March 94.2% 91.9% -2.4%
+3.7% -2.4% +4.0% -2.5%
April 94.7% 92.4% -2.4%
2009 2010 2011 2009 2010 2011 12-Month Avg 93.8% 93.1% -0.7%

Historical Percent of Original List Price Received

102.0%

100.0%

98.0%

96.0%

94.0%

92.0%

90.0%

88.0%
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Housing Affordability Index
This index measures housing affordability for the region. An index of 120 would mean the median household income was 120% of what's necessary
to qualify for the median priced home under prevailing interest rates. The higher the number, the more affordable our housing is.

April Year To Date Prior Current

Month +/–
Year Year
May 143 149 +4.4%
188
183 June 138 147 +6.4%
157 159 158 July 139 148 +6.2%
153
August 145 152 +5.3%
September 153 160 +4.5%
October 156 161 +3.3%
November 159 161 +1.4%
December 151 163 +8.0%
January 162 190 +17.4%
February 159 191 +20.5%
March 159 186 +17.0%
-2.5% +19.1% -0.7% +18.9%
April 153 183 +19.1%
2009 2010 2011 2009 2010 2011 12-Month Avg 151 166 +9.5%

Historical Housing Affordability Index

210

190

170

150

130

110

90
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Inventory of Homes for Sale
The number of properties available for sale in active status at the end of the month.

April Prior Current

Month +/–
Year Year
May 69,418 65,281 -6.0%

69,109 June 68,742 67,240 -2.2%

62,383 July 67,666 68,435 +1.1%
56,536 August 66,925 69,480 +3.8%
September 65,521 68,870 +5.1%
October 65,085 69,025 +6.1%
November 63,419 66,683 +5.1%
December 60,932 62,903 +3.2%
January 56,355 57,654 +2.3%
February 57,468 56,512 -1.7%
March 57,829 55,536 -4.0%
-9.7% -9.4%
April 62,383 56,536 -9.4%
2009 2010 2011 12-Month Avg 63,479 63,680 +0.3%

Historical Inventory of Homes for Sale

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Months Supply of Inventory
Compares the number of active listings available to the average monthly pending sales for the last 12 months.

April Prior Current

Month +/–
Year Year
May 8.1 6.7 -17.9%
8.1 June 8.0 7.1 -11.3%
July 7.7 7.3 -5.6%
6.6 6.4 August 7.6 7.6 -0.2%
September 7.4 7.6 +3.5%
October 7.2 7.8 +8.2%
November 6.9 7.7 +11.9%
December 6.6 7.2 +10.3%
January 6.1 6.6 +8.9%
February 6.2 6.5 +5.5%
March 6.2 6.3 +1.2%
-19.3% -2.1%
April 6.6 6.4 -2.1%
2009 2010 2011 12-Month Avg 7.0 7.1 +0.4%

Historical Months Supply of Inventory

12

10

0
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

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Annual Review
Historical look at key market metrics for the overall region.

Closed Sales Days on Market Until Sale

114
142,188
100
93
113,119 107,372 104,515 80
98,539
63

-20.4% -12.9% +9.0% -2.7% +47.5 +21.9 -12.2% -20.2%

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Median Sales Price Percent of Original List Price Received

$347,000 $339,900 96.6% 94.8%

92.0% 92.8% 93.8%
$290,900
$263,000 $265,000

-2.0% -14.4% -9.6% +0.8% -1.9% -2.9% +0.9% +1.1%

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

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