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Monthly Indicators

September 2015

Quick Facts

The third quarter of 2015 has ticked its last tock with the hands pointing firmly
upon a reliable clock of a market. Although noon and 6:30 fluctuations are
present even within the same states and cities, the overall tempo of real
estate potential is experiencing a healthy number of good omens. The job
market has shown continual improvement, jobless rates are down, real
average hourly and weekly earnings have been up and there has been good
news in new household formation.
Closed Sales increased 6.9 percent for single-family homes and 8.3 percent
for condos. Pending Sales increased 17.9 percent for single-family homes and
19.6 percent for condos. Inventory decreased 6.0 percent for single-family
homes and 9.9 percent for condos.
The Median Sales Price was up 7.5 percent to $202,000 for single-family
homes and 2.6 percent to $120,000 for condos. Days on Market decreased
2.0 percent for single-family homes and 8.6 percent for condos. Supply
decreased 19.3 percent for single-family homes and 20.4 percent for condos.
With positive economic news coming from many angles, there are no
imminent factors to prepare for beyond the typical seasonal drop-off. From
the mouths of market-analyzing pundits, we are in the midst of one of the
healthiest housing markets in the past 15 years. The one thing we were
anticipating in September, an increase in interest rates, did not happen. It
most likely will before year's end. Until then, get out and enjoy the season.

+ 7.4%

+ 6.9%

+ 8.3%

Change in
Closed Sales
All Properties

Change in
Closed Sales
Single-Family Only

Change in
Closed Sales
Condo Only

A research tool provided by the Coastal Carolinas Association of REALTORS®..
Percent changes are calculated using rounded figures.

Single-Family Market Overview
Condo Market Overview
New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of List Price Received
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory

2
3
4
5
6
7
8
9
10
11
12
13

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing.

Single-Family Market Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Single-family homes only.

Key Metrics

Historical Sparkbars

New Listings
9-2012

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

+ 9.2%

554

653

+ 17.9%

5,049

5,992

+ 18.7%

596

637

+ 6.9%

4,696

5,486

+ 16.8%

153

150

- 2.0%

158

151

- 4.4%

$187,950

$202,000

+ 7.5%

$180,950

$191,995

+ 6.1%

$211,582

$234,955

+ 11.0%

$220,583

$230,381

+ 4.4%

96.9%

96.7%

- 0.2%

96.3%

96.8%

+ 0.5%

127

122

- 3.9%

132

129

- 2.3%

4,335

4,077

- 6.0%

--

--

--

8.3

6.7

- 19.3%

--

--

--

9-2015

Months Supply
9-2012

9,232

9-2015

Homes for Sale
9-2012

8,455

9-2015

Affordability Index
9-2012

+ 2.9%

9-2015

Pct. of List Price Received
9-2012

884

9-2015

Avg. Sales Price
9-2012

859

Percent Change

9-2015

Median Sales Price
9-2012

YTD 2014 YTD 2015

9-2015

Days on Market
9-2012

Percent Change

9-2015

Closed Sales
9-2012

9-2015

9-2015

Pending Sales
9-2012

9-2014

9-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 2

Condo Market Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Condo properties only.

Key Metrics

Historical Sparkbars

New Listings
9-2012

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

9-2013

9-2014

- 0.2%

342

409

+ 19.6%

3,261

3,767

+ 15.5%

361

391

+ 8.3%

3,165

3,475

+ 9.8%

174

159

- 8.6%

166

163

- 1.8%

$117,000

$120,000

+ 2.6%

$112,000

$115,000

+ 2.7%

$136,422

$144,181

+ 5.7%

$138,454

$144,986

+ 4.7%

95.0%

94.6%

- 0.4%

94.5%

94.7%

+ 0.2%

205

206

+ 0.5%

214

215

+ 0.5%

3,667

3,303

- 9.9%

--

--

--

10.8

8.6

- 20.4%

--

--

--

9-2015

Months Supply
9-2012

5,727

9-2015

Homes for Sale
9-2012

5,740

9-2015

Affordability Index
9-2012

+ 6.3%

9-2015

Pct. of List Price Received
9-2012

590

9-2015

Avg. Sales Price
9-2012

555

Percent Change

9-2015

Median Sales Price
9-2012

YTD 2014 YTD 2015

9-2015

Days on Market
9-2012

Percent Change

9-2015

Closed Sales
9-2012

9-2015

9-2015

Pending Sales
9-2012

9-2014

9-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 3

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

Year to Date

September
859

9,232

884

8,455

787

7,624

541

555

590

2013

2014

2015

2013

2014

2015

+ 13.2%

+ 9.1%

+ 2.9%

+ 17.9%

+ 2.6%

+ 6.3%

Single-Family

5,563

2013

2014

+ 14.1% + 10.9%

Condo

5,740

5,727

2015

2013

2014

2015

+ 9.2%

+ 7.7%

+ 3.2%

- 0.2%

Single-Family

New Listings

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

915

+16.7%

556

-4.8%

Nov-2014

702

+1.4%

468

+12.2%

Dec-2014

641

+22.6%

380

+1.1%

Jan-2015

1,070

+11.8%

666

-6.3%

Feb-2015

1,007

+27.8%

623

-5.3%

Mar-2015

1,136

+11.5%

745

+2.3%

Apr-2015

1,040

+9.4%

755

+6.2%

May-2015

1,059

+6.2%

581

-13.7%

Jun-2015

984

-7.5%

616

+9.2%

Jul-2015

1,018

+10.7%

545

-3.9%

Aug-2015

1,034

+14.9%

606

+5.8%

Sep-2015

884

+2.9%

590

+6.3%

12-Month Avg

958

+9.9%

594

+0.2%

Condo

Historical New Listings by Month
Single-Family

Condo

1,200

1,000

800

600

400

200
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 4

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

Year to Date

September

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

527

+5.6%

352

+9.7%

Nov-2014

426

+4.4%

289

-1.7%

Dec-2014

381

+12.7%

202

-0.5%

Jan-2015

571

+30.4%

352

+15.8%

Feb-2015

591

+12.4%

386

+20.6%

Mar-2015

656

+17.4%

517

+27.3%

Apr-2015

751

+17.9%

479

+19.5%

May-2015

691

+12.9%

406

+7.4%

Jun-2015

685

+11.9%

389

+0.5%

Jul-2015

699

+27.6%

396

+8.2%

Aug-2015

695

+23.4%

433

+21.3%

Sep-2015

653

+17.9%

409

+19.6%

12-Month Avg*

525

+16.4%

340

+13.0%

Pending Sales

653
5,992
554
5,049
460

4,633
409
3,767
342

3,262

3,261

289

2013

2014

2015

2013

+ 8.7%

+ 20.4%

+ 17.9%

- 14.0%

Single-Family

2014

2015

+ 18.3% + 19.6%

Condo

2013

2014

2015

2013

2014

2015

+ 17.7%

+ 9.0%

+ 18.7%

+ 2.0%

- 0.0%

+ 15.5%

Single-Family

Condo

Historical Pending Sales by Month
Single-Family

Condo

800

600

400

200

0
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 5

Closed Sales
A count of the actual sales that closed in a given month.

Year to Date

September

5,486

637
596
4,696

521

4,335

330

2013

2014

+ 29.0% + 14.4%

361

391

3,193

3,475
3,165

2015

2013

2014

2015

2013

2014

2015

2013

2014

2015

+ 6.9%

+ 13.0%

+ 9.4%

+ 8.3%

+ 22.6%

+ 8.3%

+ 16.8%

+ 8.3%

- 0.9%

+ 9.8%

Single-Family

Condo

Single-Family

Closed Sales

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

579

+7.2%

347

+7.8%

Nov-2014

509

+9.2%

299

-0.7%

Dec-2014

552

+19.5%

354

+8.9%

Jan-2015

403

+22.1%

258

+5.7%

Feb-2015

454

+19.8%

274

-8.4%

Mar-2015

608

+17.4%

421

+18.6%

Apr-2015

555

+5.7%

451

+31.9%

May-2015

676

+19.6%

492

+16.6%

Jun-2015

784

+26.2%

427

+10.6%

Jul-2015

702

+20.8%

381

-1.6%

Aug-2015

667

+14.8%

380

+3.0%

Sep-2015

637

+6.9%

391

+8.3%

12-Month Avg*

514

+15.6%

343

+8.8%

Condo

Historical Closed Sales by Month
Single-Family

Condo

800

600

400

200

0
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 6

Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.

Year to Date

September

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

156

+1.3%

153

-3.2%

Nov-2014

149

-2.0%

171

-2.8%

Dec-2014

157

-4.8%

172

+3.6%

Jan-2015

150

-5.1%

163

-7.9%

Feb-2015

153

-14.0%

164

-0.6%

Mar-2015

157

-1.9%

167

+1.2%

Apr-2015

154

-4.3%

173

+10.9%

May-2015

152

+0.7%

156

-4.9%

Jun-2015

151

-3.8%

177

+3.5%

Jul-2015

149

-3.9%

147

-8.7%

Aug-2015

141

-8.4%

157

-5.4%

Sep-2015

150

-2.0%

159

-8.6%

12-Month Avg*

158

-3.8%

166

-1.9%

Days on Market

172
157

153

165

174

168
158

159

150

166

163

151

2013

2014

2015

2013

2014

2015

2013

2014

2015

2013

2014

2015

+ 6.1%

- 2.5%

- 2.0%

+ 3.6%

+ 1.2%

- 8.6%

- 4.1%

- 4.2%

- 4.4%

- 2.9%

- 1.2%

- 1.8%

Single-Family

Condo

Single-Family

Condo

* Days on Market for all properties from October 2014 through September 2015. This is not the
average of the individual figures above.

Historical Days on Market Until Sale by Month
Single-Family

Condo

200

175

150

125

100

75

50

25
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 7

Median Sales Price
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

Year to Date

September

$202,000
$191,995

$187,950
$177,000

$172,695

$180,950

$117,150 $117,000 $120,000

$110,000 $112,000 $115,000

2013

2014

2015

2013

2014

2015

2013

2014

2015

2013

2014

2015

+ 16.0%

+ 6.2%

+ 7.5%

+ 14.9%

- 0.1%

+ 2.6%

+ 7.9%

+ 4.8%

+ 6.1%

+ 4.9%

+ 1.8%

+ 2.7%

Single-Family

Condo

Single-Family

Condo

Median Sales Price

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

$184,000

+9.4%

$120,000

+9.6%

Nov-2014

$183,990

+5.4%

$120,000

0.0%

Dec-2014

$190,000

+5.6%

$118,750

+3.7%

Jan-2015

$175,000

-1.4%

$98,250

-10.6%

Feb-2015

$186,939

+5.0%

$109,250

+8.2%

Mar-2015

$188,000

+7.5%

$115,000

+6.5%

Apr-2015

$183,982

-0.6%

$115,000

+2.4%

May-2015

$202,745

+15.9%

$114,450

+6.6%

Jun-2015

$200,000

+5.3%

$120,000

+0.0%

Jul-2015

$186,000

+1.4%

$119,900

+12.2%

Aug-2015

$200,000

+7.5%

$118,750

+6.0%

Sep-2015

$202,000

+7.5%

$120,000

+2.6%

12-Month Avg*

$179,900

+5.6%

$112,000

+3.5%

* Median Sales Price for all properties from October 2014 through September 2015. This is not
the average of the individual figures above.

Historical Median Sales Price by Month
Single-Family

Condo

$225,000

$200,000

$175,000

$150,000

$125,000

$100,000

$75,000
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 8

Average Sales Price
Average sales price for all closed sales, not accounting for seller concessions, in a given month.

Year to Date

September
$234,955

$213,449

$212,642 $211,582

$146,190

$136,422

$220,583

$230,381

$144,181

137,943 $138,454

2014

2015

2013

2014

2015

2013

2014

2015

2013

2014

2015

+ 13.6%

- 0.5%

+ 11.0%

+ 14.1%

- 6.7%

+ 5.7%

+ 5.1%

+ 3.3%

+ 4.4%

+ 2.4%

+ 0.4%

+ 4.7%

Condo

Single-Family

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

$215,861

+6.3%

$139,663

-2.3%

Nov-2014

$220,806

+5.4%

$133,332

-1.4%

Dec-2014

$227,097

-1.5%

$155,637

+6.1%

Jan-2015

$218,092

-0.1%

$133,670

-4.0%

Feb-2015

$227,994

+7.6%

$144,630

+14.2%

Mar-2015

$223,044

+6.8%

$142,240

-4.6%

Apr-2015

$221,910

-5.1%

$144,194

+1.5%

May-2015

$244,581

+12.9%

$146,733

+11.9%

Jun-2015

$230,230

+2.5%

$143,893

-2.3%

Jul-2015

$227,584

-1.3%

$155,320

+15.0%

Aug-2015

$237,493

+5.6%

$146,339

+5.7%

Sep-2015

$234,955

+11.0%

$144,181

+5.7%

227,471

+4.2%

144,153

+3.9%

$144,986

2013

Single-Family

Avg. Sales Price

Condo

12-Month Avg

* Avg. Sales Price for all properties from October 2014 through September 2015. This is not the
average of the individual figures above.

Historical Average Sales Price by Month
Single-Family

Condo

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 9

Percent of List Price Received
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given
month, not accounting for seller concessions.

Year to Date

September

96.2% 96.9% 96.7%

94.8% 95.0% 94.6%

Pct. of List Price
Received

95.8% 96.3% 96.8%

94.3% 94.5% 94.7%

2013

2014

2015

2013

2014

2015

2013

2014

2015

2013

2014

2015

+ 1.5%

+ 0.7%

- 0.2%

+ 0.9%

+ 0.2%

- 0.4%

+ 0.7%

+ 0.5%

+ 0.5%

+ 0.5%

+ 0.2%

+ 0.2%

Single-Family

Condo

Single-Family

Condo

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

96.4%

+0.8%

94.7%

+0.1%

Nov-2014

96.6%

+0.7%

94.8%

+0.2%

Dec-2014

96.9%

+0.6%

94.8%

0.0%

Jan-2015

96.7%

+0.2%

93.6%

-1.1%

Feb-2015

96.5%

+0.8%

94.1%

+0.1%

Mar-2015

96.5%

+0.9%

94.7%

+0.4%

Apr-2015

96.5%

+0.3%

95.3%

+1.1%

May-2015

97.2%

+0.8%

94.9%

+0.7%

Jun-2015

97.3%

+0.8%

94.9%

+0.1%

Jul-2015

96.7%

0.0%

94.9%

+0.2%

Aug-2015

96.9%

+0.6%

94.7%

+0.3%

Sep-2015

96.7%

-0.2%

94.6%

-0.4%

12-Month Avg

96.7%

+0.5%

94.7%

+0.2%

* Pct. of List Price Received for all properties from October 2014 through September 2015. This is
not the average of the individual figures above.

Historical Percent of List Price Received by Month
Single-Family

Condo

98.0%

96.0%

94.0%

92.0%

90.0%

88.0%
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 10

Housing Affordability Index
This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to
qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

Year to Date

September

Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

132

-5.7%

203

-5.6%

Nov-2014

133

-6.3%

203

-1.9%

Dec-2014

129

-2.3%

207

-0.5%

Jan-2015

143

+9.2%

255

+20.9%

Feb-2015

134

+1.5%

229

-1.7%

Mar-2015

132

-2.2%

215

-1.4%

Apr-2015

136

+7.1%

217

+3.8%

May-2015

124

-10.1%

219

-2.7%

Jun-2015

123

-3.1%

205

+2.0%

Jul-2015

130

-0.8%

202

-10.2%

Aug-2015

122

-6.2%

206

-4.6%

Sep-2015

122

-3.9%

206

+0.5%

12-Month Avg

130

-1.9%

214

-0.1%

Affordability Index

201

133

127

205

214

206

136

122

132

214

215

129

2013

2014

2015

2013

2014

2015

2013

2014

2015

2013

2014

2015

- 21.8%

- 4.5%

- 3.9%

- 21.2%

+ 2.0%

+ 0.5%

- 16.6%

- 2.9%

- 2.3%

- 13.7%

0.0%

+ 0.5%

Single-Family

Condo

Single-Family

Condo

Historical Housing Affordability Index by Month
Single-Family

Condo

300

250

200

150

100

50
1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 11

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

September
Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

4,349

+7.1%

3,577

-1.8%

Nov-2014

4,281

+5.5%

3,524

-0.9%

Dec-2014

4,119

+4.8%

3,444

-0.5%

Jan-2015

4,229

+2.9%

3,507

-2.0%

Feb-2015

4,316

+4.0%

3,514

-4.4%

Mar-2015

4,434

+3.6%

3,481

-7.5%

Apr-2015

4,403

+3.1%

3,506

-8.9%

May-2015

4,418

+2.4%

3,471

-11.2%

Jun-2015

4,316

-1.1%

3,496

-8.4%

Jul-2015

4,300

-2.0%

3,411

-9.6%

Aug-2015

4,246

-2.6%

3,373

-9.5%

Sep-2015

4,077

-6.0%

3,303

-9.9%

12-Month Avg*

4,219

+1.7%

3,701

-6.3%

Homes for Sale

4,122

4,335

4,077
3,614

3,667
3,303

2013

2014

2015

2013

2014

2015

- 0.2%

+ 5.2%

- 6.0%

- 3.0%

+ 1.5%

- 9.9%

Single-Family

Condo

* Homes for Sale for all properties from October 2014 through September 2015. This is not the
average of the individual figures above.

Historical Inventory of Homes for Sale by Month
Single-Family

Condo

6,000

5,000

4,000

3,000

2,000

1,000
1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 12

Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

September
Single-Family

Year-Over-Year
Change

Condo

Year-Over-Year
Change

Oct-2014

8.3

-1.2%

10.4

-3.7%

Nov-2014

8.1

-3.6%

10.3

-1.0%

Dec-2014

7.7

-3.8%

10.1

-1.0%

Jan-2015

7.8

-7.1%

10.1

-4.7%

Feb-2015

7.9

-6.0%

10.0

-9.1%

Mar-2015

8.0

-8.0%

9.6

-14.3%

Apr-2015

7.8

-9.3%

9.5

-18.1%

May-2015

7.7

-9.4%

9.4

-19.7%

Jun-2015

7.5

-11.8%

9.5

-16.7%

Jul-2015

7.3

-14.1%

9.2

-17.9%

Aug-2015

7.1

-15.5%

8.9

-19.8%

Sep-2015

6.7

-19.3%

8.6

-20.4%

12-Month Avg*

8.4

-9.4%

11.0

-12.4%

Months Supply

10.7
8.6

10.8
8.6

8.3
6.7

2013

2014

2015

2013

2014

2015

- 16.5%

- 3.5%

- 19.3%

- 7.0%

+ 0.9%

- 20.4%

Single-Family

Condo

* Months Supply for all properties from October 2014 through September 2015. This is not the
average of the individual figures above.

Historical Months Supply of Inventory by Month
Single-Family

Condo

100.0

80.0

60.0

40.0

20.0

0.0
1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

Current as of October 10, 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 13