Publish Date: February 22, 2010

Weekly Activity

What to Watch For

New Listings ......... 2
Hey, remember that little snow storm the region saw recently? Of
course you do. It ground housing market activity to a halt and we're
now seeing the stark evidence in our weekly numbers. Pending Sales ......... 3

For the week ending February 13 new listings in the MRIS region
dropped 1,200 units from the prior week and accepted offers dropped Active Listings ......... 4
900 units, as consumers understandably became more concerned with
shoveling and frozen pipes than with buying or selling real estate.
Most Recent Month
Activity in the following week is already showing signs of rebound, so
we can fully expect this large dip to be a temporary speed bump before
the spring market continues its ascent. Days on Market Until Sale ......... 5

Percent of Original List Price Received at Sale ......... 6

Housing Affordability Index ......... 7

Months Supply of Inventory ........ 8

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 1
 New Listings
As of February 22, 2010

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
11/21/2009 2,999 3,281 - 8.6%
11/28/2009 1,922 2,141 - 10.2%
3,500 12/5/2009 2,948 3,186 - 7.5%
12/12/2009 2,765 2,748 + 0.6%
12/19/2009 2,183 2,530 - 13.7%
3,000
12/26/2009 1,280 1,519 - 15.7%
1/2/2010 1,833 2,322 - 21.1%
2,500 1/9/2010 3,376 3,734 - 9.6%
1/16/2010 3,608 3,667 - 1.6%
2,000 1/23/2010 3,553 3,309 + 7.4%
1/30/2010 3,677 3,340 + 10.1%
2/6/2010 3,337 4,003 - 16.6%
1,500
2/13/2010 2,022 3,935 - 48.6%
3-Month Total: 35,503 39,715 - 10.6%
1,000
11/21/09 11/28/09 12/5/09 12/12/09 12/19/09 12/26/09 1/2/10 1/9/10 1/16/10 1/23/10 1/30/10 2/6/10 2/13/10
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

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 2
 Pending Sales
As of February 22, 2010

Last Three Months Weekly Pending Sales

2,750
For the week Current One Year One Year
ending: Activity Ago Change
Current Activity 11/21/2009 2,000 1,659 + 20.6%
2,250 One Year Ago 11/28/2009 1,413 1,237 + 14.2%
12/5/2009 1,905 1,565 + 21.7%
12/12/2009 1,789 1,612 + 11.0%
12/19/2009 1,677 1,519 + 10.4%
12/26/2009 1,056 953 + 10.8%
1,750
1/2/2010 1,205 1,112 + 8.4%
1/9/2010 1,715 1,465 + 17.1%
1/16/2010 2,123 1,765 + 20.3%
1/23/2010 2,372 1,609 + 47.4%
1,250
1/30/2010 2,513 1,770 + 42.0%
2/6/2010 2,381 1,934 + 23.1%
2/13/2010 1,447 1,966 - 26.4%
3-Month Total: 23,596 20,166 + 17.0%
750
11/21/09 11/28/09 12/5/09 12/12/09 12/19/09 12/26/09 1/2/10 1/9/10 1/16/10 1/23/10 1/30/10 2/6/10 2/13/10

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

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of February 22, 2010

Last Three Months Weekly Inventory for Sale

88,000
Current One Year One Year
Inventory as of:
Inventory Ago Change
11/14/2009 60,114 78,203 - 23.1%
Current Inventory 11/21/2009 59,508 77,614 - 23.3%
78,000
One Year Ago 11/28/2009 58,142 75,704 - 23.2%
12/5/2009 57,413 74,883 - 23.3%
12/12/2009 56,556 73,919 - 23.5%
12/19/2009 55,538 73,138 - 24.1%
68,000
12/26/2009 55,054 72,665 - 24.2%
1/2/2010 52,241 69,104 - 24.4%
1/9/2010 52,345 69,435 - 24.6%
1/16/2010 52,326 69,317 - 24.5%
58,000
1/23/2010 52,077 69,380 - 24.9%
1/30/2010 51,279 68,409 - 25.0%
2/6/2010 50,961 68,751 - 25.9%
2/13/2010 50,427 68,994 - 26.9%
48,000 3-Month Avg: 54,144 71,639 - 24.4%
11/14/09 11/21/09 11/28/09 12/5/09 12/12/09 12/19/09 12/26/09 1/2/10 1/9/10 1/16/10 1/23/10 1/30/10 2/6/10 2/13/10

Compared to Last Year: Down (-)

Historical Weekly Inventory for Sale Compared to 2003: Up (+)
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

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
January 2010 — 87

Current One Year One Year

Month
Year Previous Change
121 124
2-2009 123 126 - 2.3%
3-2009 119 121 - 1.7%
4-2009 110 121 - 9.0%
87 5-2009 108 112 - 4.1%
6-2009 100 106 - 5.6%
7-2009 95 107 - 11.5%
8-2009 92 109 - 15.2%
9-2009 91 112 - 18.7%
10-2009 90 115 - 21.5%
+ 2.8% - 30.2% 11-2009 85 111 - 24.0%
12-2009 86 112 - 23.2%
1-2010 87 124 - 30.2%
12-Month Avg: 99 115 - 13.9%

1-2008 1-2009 1-2010

Compared to Last Year: Down (-)
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

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
January 2010 — 93.7%
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
2-2009 90.0% 91.6% - 1.8%
96%
3-2009 90.4% 92.0% - 1.7%
93.7%
94%
4-2009 91.3% 92.0% - 0.8%
92% 91.2% 5-2009 92.2% 92.4% - 0.3%
90.2% 6-2009 92.9% 92.7% + 0.1%
90%
7-2009 93.4% 92.5% + 1.0%
88% 8-2009 93.8% 92.4% + 1.5%
9-2009 94.1% 92.4% + 1.9%
86%
10-2009 94.1% 91.9% + 2.5%
84% - 1.1% + 3.9% 11-2009 94.4% 91.0% + 3.7%
82% 12-2009 93.9% 90.9% + 3.2%
1-2010 93.7% 90.2% + 3.9%
80%
12-Month Avg: 92.8% 91.8% + 1.1%
1-2008 1-2009 1-2010
Compared to Last Year: Up (+)
Historical Percent of Original List Price Received at Sale Compared to 2003: Down (-)
105%

100%

95%

90%

85%

80%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
January 2010 — 151

Current One Year One Year

152 151 Month
Year Previous Change
2-2009 155 119 + 30.7%
3-2009 146 122 + 19.8%
4-2009 146 121 + 21.3%
98 5-2009 136 116 + 17.2%
6-2009 131 113 + 15.9%
7-2009 131 115 + 13.5%
8-2009 134 121 + 11.0%
9-2009 141 132 + 7.0%
10-2009 144 128 + 12.8%
+ 54.6% - 0.2% 11-2009 147 143 + 3.1%
12-2009 144 146 - 1.4%
1-2010 151 152 - 0.2%
12-Month Avg: 142 127 + 11.8%
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
Compared to 2003: Up (+)
necessary income to qualify for the median priced home under prevailing interest rates.
160

150

140

130

120

110

100

90

80

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

All data provided by MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
January 2010 — 5.3 Months

Current One Year One Year

Month
Year Previous Change
8.6
8.2 8.1 9.0
2-2009 - 9.2%
3-2009 8.1 9.5 - 15.1%
4-2009 8.0 10.0 - 19.4%
5-2009 8.0 10.5 - 24.1%
5.3
6-2009 7.7 10.7 - 27.6%
7-2009 7.5 10.6 - 29.4%
8-2009 7.3 10.5 - 30.2%
9-2009 7.0 10.0 - 30.1%
10-2009 6.7 9.8 - 31.8%
- 4.4% - 36.0% 11-2009 6.4 9.5 - 33.3%
12-2009 6.0 9.0 - 33.9%
1-2010 5.3 8.2 - 36.0%
1-2008 1-2009 1-2010
12-Month Avg: 7.2 9.8 - 26.7%

Compared to Last Year: Down (-)

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 MRIS, Inc. Reports are created and maintained by 10K Research and Marketing. Data current as of 2/22/2010. This report may be reproduced by MRIS members. 8