Monthly Indicators

August 2017 Quick Facts

August tends to mark the waning of housing activity ahead of the school year.
Not all buyers and sellers have children, but there are enough parents that do + 14.1% + 14.1% + 14.0%
not want to uproot their children during the school year to historically create a
natural market cool down before any actual temperature change. Competition Change in Change in Change in
Closed Sales Closed Sales Closed Sales
is expected to remain fierce for available listings. Savvy sellers and buyers
All Properties Single-Family Only Condo Only
know that deals can be made well into the school months, as household
formations take on many shapes and sizes.

Closed Sales increased 14.1 percent for single-family homes and 14.0 percent A research tool provided by the Coastal Carolinas Association of REALTORS.
for condos. Pending Sales increased 15.3 percent for single-family homes and Percent changes are calculated using rounded figures.
20.3 percent for condos. Inventory decreased 8.1 percent for single-family
homes and 23.2 percent for condos.

The Median Sales Price was up 8.9 percent to $219,800 for single-family Single-Family Market Overview 2
homes but remained flat at $125,000 for condos. Days on Market decreased Condo Market Overview 3
2.8 percent for single-family homes and 8.1 percent for condos. Supply New Listings 4
decreased 15.4 percent for single-family homes and 33.3 percent for condos.
Pending Sales 5
The prevailing trends lasted through summer. This was expected, since there Closed Sales 6
have not been any major changes in the economy that would affect housing. Days on Market Until Sale 7
Factors such as wage growth, unemployment and mortgage rates have all
Median Sales Price 8
been stable. Every locality has its unique challenges, but the whole of
residential real estate is in good shape. Recent manufacturing data is showing Average Sales Price 9
demand for housing construction materials and supplies, which may help lift Percent of List Price Received 10
the ongoing low inventory situation in 2018. Housing Affordability Index 11
Inventory of Homes for Sale 12
Months Supply of Inventory 13

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime.
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 8-2016 8-2017 Percent Change YTD 2016 YTD 2017 Percent Change

New Listings 1,051 1,054 + 0.3% 8,586 9,108 + 6.1%

8-2014 8-2015 8-2016 8-2017

Pending Sales 688 793 + 15.3% 5,464 6,064 + 11.0%

8-2014 8-2015 8-2016 8-2017

Closed Sales 695 793 + 14.1% 5,167 5,631 + 9.0%

8-2014 8-2015 8-2016 8-2017

Days on Market 141 137 - 2.8% 150 142 - 5.3%

8-2014 8-2015 8-2016 8-2017

Median Sales Price $201,860 $219,800 + 8.9% $199,000 $209,600 + 5.3%

8-2014 8-2015 8-2016 8-2017

Avg. Sales Price $255,346 $269,669 + 5.6% $238,508 $252,917 + 6.0%

8-2014 8-2015 8-2016 8-2017

Pct. of List Price Received 97.2% 97.4% + 0.2% 97.1% 97.1% 0.0%
8-2014 8-2015 8-2016 8-2017

Affordability Index 127 108 - 15.0% 128 113 - 11.7%

8-2014 8-2015 8-2016 8-2017

Homes for Sale 4,135 3,798 - 8.1% -- -- --

8-2014 8-2015 8-2016 8-2017

Months Supply 6.5 5.5 - 15.4% -- -- --

8-2014 8-2015 8-2016 8-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 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 8-2016 8-2017 Percent Change YTD 2016 YTD 2017 Percent Change

New Listings 621 631 + 1.6% 5,572 5,620 + 0.9%

8-2014 8-2015 8-2016 8-2017

Pending Sales 458 551 + 20.3% 3,603 4,237 + 17.6%

8-2014 8-2015 8-2016 8-2017

Closed Sales 472 538 + 14.0% 3,389 3,942 + 16.3%

8-2014 8-2015 8-2016 8-2017

Days on Market 149 137 - 8.1% 156 144 - 7.7%

8-2014 8-2015 8-2016 8-2017

Median Sales Price $125,000 $125,000 0.0% $119,000 $126,450 + 6.3%

8-2014 8-2015 8-2016 8-2017

Avg. Sales Price $147,627 $148,776 + 0.8% $141,711 $150,651 + 6.3%

8-2014 8-2015 8-2016 8-2017

Pct. of List Price Received 95.2% 96.2% + 1.1% 95.1% 95.6% + 0.5%
8-2014 8-2015 8-2016 8-2017

Affordability Index 204 189 - 7.4% 215 187 - 13.0%

8-2014 8-2015 8-2016 8-2017

Homes for Sale 3,331 2,558 - 23.2% -- -- --

8-2014 8-2015 8-2016 8-2017

Months Supply 8.1 5.4 - 33.3% -- -- --

8-2014 8-2015 8-2016 8-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 3
New Listings
A count of the properties that have been newly listed on the market in a given month.

August Year to Date Year-Over-Year Year-Over-Year

New Listings Single-Family Change Condo Change

Sep-2016 986 +7.9% 630 +3.4%

1,051 1,054 9,108 Oct-2016 729 -12.0% 454 -19.4%
1,042 8,586
8,332 Nov-2016 761 -3.1% 497 -1.6%
Dec-2016 667 +9.5% 381 -7.3%
Jan-2017 1,158 +1.0% 823 +13.5%
5,572 5,620 1,171 +16.5% 807 +12.7%
602 621 631 5,131 Feb-2017
Mar-2017 1,263 +4.6% 805 +0.5%
Apr-2017 1,051 -2.8% 698 -6.4%
May-2017 1,129 +5.1% 653 -4.9%
Jun-2017 1,224 +12.7% 609 -6.9%
Jul-2017 1,058 +13.3% 594 -4.5%
Aug-2017 1,054 +0.3% 631 +1.6%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg 1,021 +4.5% 632 -1.0%
+ 16.0% + 0.9% + 0.3% + 5.2% + 3.2% + 1.6% + 9.8% + 3.0% + 6.1% - 0.2% + 8.6% + 0.9%

Single-Family Condo Single-Family Condo

Historical New Listings by Month

Single-Family Condo
1,400

1,200

1,000

800

600

400

200
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 4
Pending Sales
A count of the properties on which offers have been accepted in a given month.

August Year to Date Year-Over-Year Year-Over-Year

Pending Sales Single-Family Change Condo Change

Sep-2016 669 +3.7% 457 +18.1%

793 Oct-2016 489 -11.3% 313 -6.6%
6,064
Nov-2016 547 +4.2% 361 +4.6%
688 5,420 5,464
641 Dec-2016 458 +6.8% 267 +8.1%
551 4,237
Jan-2017 624 +12.8% 459 +32.3%
458 3,603
Feb-2017 667 +12.3% 482 +18.4%
423 3,362
Mar-2017 839 +10.4% 654 +30.8%
Apr-2017 761 -2.8% 545 +5.2%
May-2017 778 +5.6% 524 +7.4%
Jun-2017 808 +17.1% 500 +10.6%
Jul-2017 794 +20.5% 522 +20.6%
Aug-2017 793 +15.3% 551 +20.3%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg* 635 +8.1% 410 +14.6%
+ 13.5% + 7.3% + 15.3% + 18.2% + 8.3% + 20.3% + 20.5% + 0.8% + 11.0% + 14.9% + 7.2% + 17.6%

Single-Family Condo Single-Family Condo

Historical Pending Sales by Month

Single-Family Condo
1,000

800

600

400

200

0
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 5
Closed Sales
A count of the actual sales that closed in a given month.

August Year to Date Year-Over-Year Year-Over-Year

Closed Sales Single-Family Change Condo Change

Sep-2016 731 +3.4% 463 +8.7%

5,631
793 5,167 Oct-2016 534 -17.7% 380 -1.8%
4,896 Nov-2016 586 +19.1% 348 +21.7%
691 695
Dec-2016 649 +14.7% 398 +10.9%
3,942
538 Jan-2017 498 +9.5% 314 +21.2%
3,389
472 3,090 Feb-2017 512 +2.0% 373 +9.1%
382 Mar-2017 745 +15.3% 591 +43.4%
Apr-2017 703 +12.1% 516 +17.8%
May-2017 833 +13.2% 573 +10.8%
Jun-2017 826 +1.6% 601 +12.5%
Jul-2017 721 +4.0% 436 +5.1%
Aug-2017 793 +14.1% 538 +14.0%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg* 632 +7.3% 404 +14.1%
+ 18.9% + 0.6% + 14.1% + 3.5% + 23.6% + 14.0% + 19.4% + 5.5% + 9.0% + 10.2% + 9.7% + 16.3%

Single-Family Condo Single-Family Condo

Historical Closed Sales by Month

Single-Family Condo
1,000

800

600

400

200

0
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 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.

August Year to Date Year-Over-Year Year-Over-Year

Days on Market Single-Family Change Condo Change

Sep-2016 153 +2.0% 153 -3.2%

163 Oct-2016 152 +1.3% 158 0.0%
156 156
149 151 150
142 141 142 144 Nov-2016 152 -8.4% 149 -16.3%
137 137
Dec-2016 149 -6.3% 158 -10.2%
Jan-2017 155 -5.5% 184 +6.4%
Feb-2017 153 -3.8% 149 -4.5%
Mar-2017 149 -3.2% 149 +2.1%
Apr-2017 141 -2.8% 137 -11.0%
May-2017 134 -8.2% 141 -18.0%
Jun-2017 139 -4.8% 143 -4.0%
Jul-2017 134 -11.3% 125 -18.8%
Aug-2017 137 -2.8% 137 -8.1%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg* 152 -4.6% 159 -7.6%
- 7.8% - 0.7% - 2.8% - 6.0% - 4.5% - 8.1% - 4.4% - 0.7% - 5.3% - 1.2% - 4.3% - 7.7%

Single-Family Condo Single-Family Condo * Days on Market for all properties from September 2016 through August 2017. This is not the
average of the individual figures above.

Historical Days on Market Until Sale by Month

Single-Family Condo
250

200

150

100

50

0
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 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.

August Year to Date Year-Over-Year Year-Over-Year

Median Sales Price Single-Family Change Condo Change

Sep-2016 $210,000 +4.1% $124,000 +3.3%

$219,800 Oct-2016 $201,570 -0.6% $123,750 +1.4%
$209,600
$200,000 $201,860 $199,000 Nov-2016 $211,722 +5.9% $129,950 +11.1%
$190,110
Dec-2016 $210,000 +3.7% $127,000 +10.9%
Jan-2017 $192,250 -1.8% $131,000 +12.4%
Feb-2017 $203,950 +4.1% $119,500 +3.9%
$125,000 $125,000 $126,450
$118,750
$115,000 $119,000 Mar-2017 $200,000 -2.3% $134,900 +20.4%
Apr-2017 $202,000 +9.5% $121,750 +5.9%
May-2017 $210,000 +9.3% $125,000 +4.2%
Jun-2017 $225,000 +9.0% $127,500 +8.1%
Jul-2017 $199,900 -2.1% $130,000 +8.3%
Aug-2017 $219,800 +8.9% $125,000 0.0%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg* $199,990 +5.0% $118,250 +6.6%
+ 7.5% + 0.9% + 8.9% + 6.0% + 5.3% 0.0% + 5.6% + 4.7% + 5.3% + 4.5% + 3.5% + 6.3%

Single-Family Condo Single-Family Condo * Median Sales Price for all properties from September 2016 through August 2017. This is not the
average of the individual figures above.

Historical Median Sales Price by Month

Single-Family Condo
$250,000

$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 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 8
Average Sales Price
Average sales price for all closed sales, not accounting for seller concessions, in a given month.

August Year to Date Year-Over-Year Year-Over-Year

Avg. Sales Price Single-Family Change Condo Change

Sep-2016 $251,441 +7.8% $143,145 -0.7%

$269,669 Oct-2016 $239,158 +1.5% $150,233 +5.0%
$255,346 $252,917
$236,205 $238,508 Nov-2016 $244,595 +7.3% $151,566 +5.5%
$229,657
Dec-2016 $241,023 -1.2% $142,864 -2.8%
Jan-2017 $254,061 +9.8% $159,616 +10.8%
Feb-2017 $245,502 +7.1% $137,717 +0.7%
$147,086 $147,627 $148,776 145,416 $141,711 $150,651
Mar-2017 $249,360 +6.7% $157,058 +17.2%
Apr-2017 $239,522 +9.1% $146,680 +4.1%
May-2017 $254,447 +7.1% $149,244 +5.3%
Jun-2017 $266,365 +11.2% $153,166 +7.9%
Jul-2017 $238,513 -6.2% $151,968 +4.3%
Aug-2017 $269,669 +5.6% $148,776 +0.8%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg $249,471 +5.4% $149,336 +4.9%
+ 5.0% + 8.1% + 5.6% + 6.2% + 0.4% + 0.8% + 3.5% + 3.9% + 6.0% + 4.8% - 2.5% + 6.3%

Single-Family Condo Single-Family Condo * Avg. Sales Price for all properties from September 2016 through August 2017. This is not the
average of the individual figures above.

Historical Average Sales Price by Month

Single-Family Condo
$400,000

$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 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 9
Percent of List Price Received
Percentage found when dividing a propertys 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.

August Year to Date Pct. of List Price Year-Over-Year Year-Over-Year

Received Single-Family Change Condo Change

Sep-2016 97.0% +0.1% 95.5% +0.8%

Oct-2016 97.2% +0.5% 95.5% +0.3%
97.0% 97.2% 97.4% 94.7% 95.2% 96.2% 96.8% 97.1% 97.1% 94.7% 95.1% 95.6% Nov-2016 97.0% -0.4% 95.6% +1.8%
Dec-2016 97.4% +0.3% 95.1% +1.1%
Jan-2017 96.5% -0.3% 95.7% +1.2%
Feb-2017 97.1% +0.3% 94.4% -0.6%
Mar-2017 97.0% -0.4% 95.8% +0.9%
Apr-2017 96.8% -0.2% 95.2% +0.2%
May-2017 97.3% +0.1% 96.1% +0.7%
Jun-2017 97.0% 0.0% 95.7% +0.5%
Jul-2017 97.4% +0.1% 95.7% +0.8%
Aug-2017 97.4% +0.2% 96.2% +1.1%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg 97.1% +0.1% 95.5% +0.7%
+ 0.7% + 0.2% + 0.2% + 0.3% + 0.5% + 1.1% + 0.6% + 0.3% 0.0% + 0.3% + 0.4% + 0.5%

Single-Family Condo Single-Family Condo * Pct. of List Price Received for all properties from September 2016 through August 2017. 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 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 10
Housing Affordability Index
This index measures housing affordability for the region. For example, 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.

August Year to Date Year-Over-Year Year-Over-Year

Affordability Index Single-Family Change Condo Change

Sep-2016 121 -0.8% 205 -0.5%

Oct-2016 128 +4.9% 209 +3.5%
206 212 215
204 Nov-2016 115 -5.7% 188 -10.0%
189 187 Dec-2016 113 -6.6% 187 -12.6%
Jan-2017 123 -1.6% 181 -13.4%
127 128 128 Feb-2017 116 -10.1% 198 -9.6%
122
108 113 Mar-2017 118 -3.3% 176 -21.1%
Apr-2017 117 -14.0% 195 -10.6%
May-2017 113 -13.7% 189 -9.6%
Jun-2017 105 -15.3% 186 -13.9%
Jul-2017 118 -5.6% 182 -14.2%
Aug-2017 108 -15.0% 189 -7.4%
2015 2016 2017 2015 2016 2017 2015 2016 2017 2015 2016 2017
12-Month Avg 116 -7.2% 190 -9.9%
- 6.2% + 4.1% - 15.0% - 4.6% - 1.0% - 7.4% - 4.5% 0.0% - 11.7% - 3.6% + 1.4% - 13.0%

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 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 11
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.

August Year-Over-Year Year-Over-Year

Homes for Sale Single-Family Change Condo Change

Sep-2016 4,134 -0.6% 3,267 -3.8%

4,240 4,135 Oct-2016 4,024 -1.3% 3,170 -4.6%
3,798
Nov-2016 3,894 -4.3% 3,083 -5.9%
3,383 3,331 Dec-2016 3,756 -4.5% 2,987 -7.4%
Jan-2017 3,829 -4.0% 2,998 -9.5%
2,558
Feb-2017 3,939 -3.3% 3,074 -9.6%
Mar-2017 3,941 -6.0% 3,009 -13.6%
Apr-2017 3,945 -5.6% 2,975 -15.3%
May-2017 3,961 -6.1% 2,897 -15.6%
Jun-2017 4,002 -4.8% 2,794 -18.5%
Jul-2017 3,905 -6.4% 2,656 -20.9%
Aug-2017 3,798 -8.1% 2,558 -23.2%
2015 2016 2017 2015 2016 2017
12-Month Avg* 4,116 -4.6% 3,373 -12.4%
- 2.8% - 2.5% - 8.1% - 9.5% - 1.5% - 23.2%

Single-Family Condo

Historical Inventory of Homes for Sale by Month

Single-Family Condo
6,000

5,000

4,000

3,000

2,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 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.

August Year-Over-Year Year-Over-Year

Months Supply Single-Family Change Condo Change

Sep-2016 6.5 -3.0% 7.9 -11.2%

8.9 Oct-2016 6.4 -3.0% 7.7 -11.5%
8.1 Nov-2016 6.2 -4.6% 7.4 -12.9%
6.9 Dec-2016 5.9 -4.8% 7.2 -13.3%
6.5 Jan-2017 6.0 -4.8% 7.0 -17.6%
5.5 5.4 Feb-2017 6.1 -6.2% 7.1 -18.4%
Mar-2017 6.0 -9.1% 6.8 -23.6%
Apr-2017 6.0 -9.1% 6.6 -26.7%
May-2017 6.0 -9.1% 6.4 -25.6%
Jun-2017 6.0 -9.1% 6.1 -28.2%
Jul-2017 5.8 -12.1% 5.8 -30.1%
Aug-2017 5.5 -15.4% 5.4 -33.3%
2015 2016 2017 2015 2016 2017
12-Month Avg* 6.5 -7.6% 8.6 -20.9%
- 17.9% - 5.8% - 15.4% - 19.8% - 9.0% - 33.3%

Single-Family Condo * Months Supply for all properties from September 2016 through August 2017. This is not the
average of the individual figures above.

Historical Months Supply of Inventory by Month

Single-Family Condo
120.0

100.0

80.0

60.0

40.0

20.0

0.0
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017

Current as of September 10, 2017. All data comes from the Coastal Carolinas Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2017 ShowingTime. | 13