November 2012 Housing Supply Outlook

Housing Supply Overview
A RESEARCH TOOL PROVIDED BY THE WESTERN UPSTATE ASSOCIATION OF REALTORS
November 2012
Quick Facts
There was a lot to be thankful for this November. Home buyers can be
thankful for ultra-low mortgage rates while sellers can be thankful for a
slow yet steady recovery. For the 12-month period spanning December
h
hN
b 2012
di S
l iin the
h W
2011 through
November
2012, P
Pending
Sales
Western U
Upstate
region were up 1.5 percent overall. The price range with the largest gain in
sales was the $350,001 and Above range, where they increased 5.9
percent.
The overall Median Sales Price was up 2.1 percent to $125,616. The
property type with the largest price gain was the Condo segment, where
prices increased 20.1 percent to $94,000. The price range that tended to
sell the quickest was the $100,000 and Below range at 151 days; the price
range that tended to sell the slowest was the $350,001 and Above range
at 214 days.
Market-wide, inventory levels were down 7.0 percent. The property type
that gained the most inventory was the Condo segment, where it
increased 0.3 percent. That amounts to 15.1 months supply for SingleFamily homes and 19.2 months supply for Condos.
+ 5.9%
+ 4.4%
+ 2.4%
Price Range With the

Strongest Sales:
Bedroom Count With

Strongest Sales:
Property Type With

Strongest Sales:
$350,001 and Above
2 Bedrooms or Less
Single-Family Homes
Pending Sales
Days on Market Until Sale
Median Sales Price
Percent of List Price Received
Inventory of Homes for Sale
Months Supply of Inventory
2
3
4
5
6
7
Click on desired metric to jump to that page.
All data from the Western Upstate Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Powered by 10K Research and Marketing. | 1
Pending Sales
A count of properties on which offers have been accepted. Based on a rolling 12-month total.
By Price Range
11-2011
1,099
By Bedroom Count
11-2012
11-2011
1,100
By Property Type
11-2012
1,617
11-2011
11-2012
2,588
2,650
1,661
639
604
792
427
426
452
771
444
256
271
429
448
250
230
+ 0.1%
+ 5.8%
- 0.2%
- 1.8%
+ 5.9%
+ 4.4%
+ 2.7%
- 2.7%
+ 2.4%
- 8.0%
$100,000 and
Below
$100,001 to
$150,000
$150,001 to
$200,000
$200,001 to
$350,000
$350,001 and
Above
2 Bedrooms or
Less
3 Bedrooms
4 Bedrooms or
More
Single-Family Homes
Condos
All Properties
By Price Range
$100,000 and Below
11-2011
11-2012
Single-Family Homes
Change
11-2011
11-2012
Condos
Change
11-2011
11-2012
Change
1,099
1,100
+ 0.1%
949
980
+ 3.3%
150
120
- 20.0%
$100,001 to $150,000
604
639
+ 5.8%
575
595
+ 3.5%
29
44
+ 51.7%
$150,001 to $200,000
427
426
- 0.2%
386
389
+ 0.8%
41
37
- 9.8%
$200,001 to $350,000
452
444
- 1.8%
427
422
- 1.2%
25
22
- 12.0%
$350,001 and Above
256
271
+ 5.9%
251
264
+ 5.2%
+ 40.0%
2,838
2,880
+ 1.5%
2,588
2,650
+ 2.4%
250
230
- 8.0%
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
429
448
+ 4.4%
326
338
+ 3.7%
103
110
+ 6.8%
All Price Ranges
By Bedroom Count
2 Bedrooms or Less
3 Bedrooms
1,617
1,661
+ 2.7%
1,535
1,599
+ 4.2%
82
62
- 24.4%
4 Bedrooms or More
792
771
- 2.7%
727
713
- 1.9%
65
58
- 10.8%
All Bedroom Counts
2,838
2,880
+ 1.5%
2,588
2,650
+ 2.4%
250
230
- 8.0%
All data from the Western Upstate Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Powered by 10K Research and Marketing. | Click for Cover Page | 2
Days on Market Until Sale

Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
By Price Range
11-2011
By Bedroom Count
11-2012
11-2011
By Property Type
11-2011
11-2012
11-2012
179
182
214
174
148
186
183
157
151
214
175
182
174
169
171
169
166
160
159
164
+ 1.7%
- 9.7%
- 8.1%
- 2.2%
+ 0.1%
+ 7.6%
- 4.1%
- 4.6%
- 3.0%
+ 2.1%
$100,000 and
Below
$100,001 to
$150,000
$150,001 to
$200,000
$200,001 to
$350,000
$350,001 and
Above
2 Bedrooms or
Less
3 Bedrooms
4 Bedrooms or
More
Single-Family Homes
Condos
All Properties
By Price Range
Single-Family Homes
11-2011
11-2012
Change
11-2011
11-2012
$100,000 and Below
148
151
+ 1.7%
146
$100,001 to $150,000
174
157
- 9.7%
173
$150,001 to $200,000
183
169
- 8.1%
$200,001 to $350,000
186
182
- 2.2%
$350,001 and Above
214
214
All Price Ranges
170
By Bedroom Count
Condos
Change
11-2011
11-2012
Change
148
+ 1.4%
161
170
+ 5.7%
155
- 10.4%
193
188
- 2.3%
182
168
- 7.3%
216
170
- 21.0%
187
180
- 3.5%
180
221
+ 22.9%
+ 0.1%
212
215
+ 1.3%
307
188
- 38.8%
165
- 2.6%
169
164
- 3.0%
175
179
+ 2.1%
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
159
171
+ 7.6%
151
162
+ 7.2%
187
201
+ 7.7%
3 Bedrooms
166
160
- 4.1%
165
159
- 3.6%
191
173
- 9.6%
4 Bedrooms or More
182
174
- 4.6%
186
176
- 5.3%
124
143
+ 15.3%
All Bedroom Counts
170
165
- 2.6%
169
164
- 3.0%
175
179
+ 2.1%
Median Sales Price

Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
By Bedroom Count
11-2011
By Property Type
11-2011
11-2012
$219,657
11-2012
$123,000
$125,616
$127,000
$129,000
$198,075
$94,000
$78,250
$115,000
$65,000
$118,500
$68,000
+ 4.6%
+ 3.0%
2 Bedrooms or Less
3 Bedrooms
+ 10.9%
+ 2.1%
4 Bedrooms or More
All Properties
+ 1.6%
All Properties
p
Single-Family
g
y Homes
Single-Family Homes
+ 20.1%
Condos
Condos
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
$65,000
$68,000
+ 4.6%
$62,500
$59,900
- 4.2%
$70,950
$91,250
+ 28.6%
3 Bedrooms
$115,000
$118,500
+ 3.0%
$115,000
$118,500
+ 3.0%
$96,600
$125,000
+ 29.4%
4 Bedrooms or More
$198,075
$219,657
+ 10.9%
$215,750
$229,000
+ 6.1%
$92,500
$72,950
- 21.1%
All Bedroom Counts
$123,000
$125,616
+ 2.1%
$127,000
$129,000
+ 1.6%
$78,250
$94,000
+ 20.1%
Percent of List Price Received

Percentage found when dividing a propertys sales price by its last list price, then taking the average for all properties sold,
not accounting for seller concessions. Based on a rolling 12-month average.
By Price Range
11-2011
By Bedroom Count
11-2012
11-2011
95.3%
94.4%
95.3%
By Property Type
11-2011
11-2012
11-2012
94.3%
95.1%
94.0%
93.7%
94.3%
93.8%
93.0%
93.1%
92.4%
92.3%
92.0%
91.5%
90.7%
89.5%
89.6%
89.0%
90.1%
+ 1.3%
+ 1.0%
+ 1.0%
+ 1.4%
- 0.6%
- 0.5%
+ 1.5%
+ 1.4%
+ 0.8%
+ 4.3%
$100,000 and
Below
$100,001 to
$150,000
$150,001 to
$200,000
$200,001 to
$350,000
$350,001 and
Above
2 Bedrooms or
Less
3 Bedrooms
4 Bedrooms or
More
Single-Family Homes
Condos
All Properties
By Price Range
11-2011
11-2012
Single-Family Homes
Change
11-2011
11-2012
Change
Condos
11-2011
11-2012
Change
$100,000 and Below
89.6%
90.7%
+ 1.3%
89.6%
90.3%
+ 0.8%
89.4%
94.1%
+ 5.3%
$100,001 to $150,000
94.4%
95.3%
+ 1.0%
94.8%
95.5%
+ 0.8%
89.6%
93.6%
+ 4.4%
$150,001 to $200,000
94.3%
95.3%
+ 1.0%
94.2%
95.3%
+ 1.1%
96.6%
95.2%
- 1.5%
$200,001 to $350,000
93.8%
95.1%
+ 1.4%
94.0%
95.2%
+ 1.3%
89.7%
92.3%
+ 2.9%
$350,001 and Above
92.0%
91.5%
- 0.6%
92.0%
91.5%
- 0.6%
91.5%
93.9%
+ 2.6%
All Price Ranges
92.1%
93.1%
+ 1.1%
92.3%
93.1%
+ 0.8%
90.1%
94.0%
+ 4.3%
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
89.5%
89.0%
- 0.5%
89.5%
87.5%
- 2.3%
89.4%
93.4%
+ 4.5%
3 Bedrooms
92.4%
93.7%
+ 1.5%
92.6%
93.7%
+ 1.2%
88.4%
93.5%
+ 5.7%
4 Bedrooms or More
93.0%
94.3%
+ 1.4%
92.9%
94.1%
+ 1.3%
93.5%
95.6%
+ 2.2%
All Bedroom Counts
92.1%
93.1%
+ 1.1%
92.3%
93.1%
+ 0.8%
90.1%
94.0%
+ 4.3%
Inventory of Homes for Sale

The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range
11-2011
By Bedroom Count
11-2012
11-2011
By Property Type
11-2011
11-2012
11-2012
3,608
1,004
3,327
2,056
957
1,907
812
806
734
666
712
687
678
614
1,278
632
1,167
612
367
368
- 4.7%
- 8.9%
- 7.8%
- 12.3%
- 1.3%
- 3.2%
- 7.2%
- 8.7%
- 7.8%
+ 0.3%
$100,000 and
Below
$100,001 to
$150,000
$150,001 to
$200,000
$200,001 to
$350,000
$350,001 and
Above
2 Bedrooms or
Less
3 Bedrooms
4 Bedrooms or
More
Single-Family Homes
Condos
All Properties
By Price Range
11-2011
$100,000 and Below

$100,001 to $150,000
11-2012
Single-Family Homes
Change
11-2011
11-2012
Change
Condos
11-2011
11-2012
Change
1,004
957
- 4.7%
909
863
- 5.1%
95
94
- 1.1%
806
734
- 8.9%
720
641
- 11.0%
86
93
+ 8.1%
$150,001 to $200,000
666
614
- 7.8%
569
518
- 9.0%
97
96
- 1.0%
$200,001 to $350,000
812
712
- 12.3%
749
657
- 12.3%
63
55
- 12.7%
$350,001 and Above
687
678
- 1.3%
661
648
- 2.0%
26
30
+ 15.4%
3,975
3,695
- 7.0%
3,608
3,327
- 7.8%
367
368
+ 0.3%
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
632
612
- 3.2%
464
445
- 4.1%
168
167
- 0.6%
3 Bedrooms
2,056
1,907
- 7.2%
1,941
1,778
- 8.4%
115
129
+ 12.2%
4 Bedrooms or More
1,278
1,167
- 8.7%
1,194
1,095
- 8.3%
84
72
- 14.3%
All Bedroom Counts
3,975
3,695
- 7.0%
3,608
3,327
- 7.8%
367
368
+ 0.3%
All Price Ranges
By Bedroom Count
2 Bedrooms or Less
Months Supply of Inventory

The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by
the average monthly pending sales from the last 12 months.
By Price Range
11-2011
By Bedroom Count
11-2012
11-2011
By Property Type
11-2012
11-2011
11-2012
32.2
30.0
19.4
17.7
16.4
21.6
18.7
16.0
19.2
19.2
18.2
17.6
16.7
15.3
15.1
13.8
17.3
13.8
11.0
10.4
- 4.8%
- 13.9%
- 7.6%
- 10.7%
- 6.8%
- 7.3%
- 9.7%
- 6.2%
- 9.9%
+ 9.0%
$100,000 and
Below
$100,001 to
$150,000
$150,001 to
$200,000
$200,001 to
$350,000
$350,001 and
Above
2 Bedrooms or
Less
3 Bedrooms
4 Bedrooms or
More
Single-Family Homes
Condos
All Properties
By Price Range
11-2011
11-2012
$100,000 and Below
11.0
$100,001 to $150,000
16.0
Single-Family Homes
Change
11-2011
11-2012
Change
10.4
- 4.8%
11.5
10.6
- 8.1%
13.8
- 13.9%
15.0
12.9
- 14.0%
Condos
11-2011
11-2012
Change
7.6
9.4
+ 23.7%
32.6
23.3
- 28.7%
$150,001 to $200,000
18.7
17.3
- 7.6%
17.7
16.0
- 9.7%
28.4
28.5
+ 0.5%
$200,001 to $350,000
21.6
19.2
- 10.7%
21.0
18.7
- 11.2%
22.7
25.0
+ 10.2%
$350,001 and Above
32.2
30.0
- 6.8%
31.6
29.5
- 6.8%
26.0
12.9
- 50.5%
All Price Ranges
16.8
15.4
- 8.4%
16.7
15.1
- 9.9%
17.6
19.2
+ 9.0%
By Bedroom Count
11-2011
11-2012
Change
11-2011
11-2012
Change
11-2011
11-2012
Change
2 Bedrooms or Less
17.7
16.4
- 7.3%
17.1
15.8
- 7.5%
19.6
16.7
- 14.7%
3 Bedrooms
15.3
13.8
- 9.7%
15.2
13.3
- 12.1%
16.8
25.0
+ 48.4%
4 Bedrooms or More
19.4
18.2
- 6.2%
19.7
18.4
- 6.5%
15.5
13.7
- 11.9%
All Bedroom Counts
16.8
15.4
- 8.4%
16.7
15.1
- 9.9%
17.6
19.2
+ 9.0%

November 2012 Housing Supply Outlook

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November 2012 Housing Supply Outlook

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Housing Supply Overview

A RESEARCH TOOL PROVIDED BY THE WESTERN UPSTATE ASSOCIATION OF REALTORS

Price Range With the

Bedroom Count With

Property Type With

$350,001 and Above

Click on desired metric to jump to that page.

$350,001 and Above

All Price Ranges

All Bedroom Counts

Days on Market Until Sale

$100,000 and Below

$350,001 and Above

All Price Ranges

All Bedroom Counts

Median Sales Price

All Bedroom Counts

Percent of List Price Received

$100,000 and Below

$350,001 and Above

All Price Ranges

All Bedroom Counts

Inventory of Homes for Sale

$100,000 and Below

$350,001 and Above

All Bedroom Counts

All Price Ranges

Months Supply of Inventory

$100,000 and Below

$350,001 and Above

All Price Ranges

All Bedroom Counts

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