Publish Date: January 31, 2011

Weekly Activity

The week ending January 22 marked the 12th consecutive week of year- New Listings ......... 2
over-year gains in buyer activity and the fourth week of year-over-year
declines in seller activity for the MRIS region. Pending Sales increased
10.1 p
percent from a yyear p p
prior to 2,186 purchase g
agreements g
signed. Over
Pending Sales ......... 3
the same period, New Listings were down 15.3 percent to 3,066 new
properties.
Active Listings ......... 4
The total number of Active Listings for sale continued to fall. This metric
dropped 5.1 percent from year-ago levels. That's the fifth consecutive week Most Recent Month
of inventory drops and may be attributed to strong purchase demand
coupled with slow listing activity. This also marks the largest inventory drop
since the first full week of May 2010 – or tax credit time. Days on Market Until Sale ......... 5
Months Supply of Inventory was up slightly in December, it currently stands
at 6.9 months – just outside the ideal five to six range. Market times were Percent of Original List Price Received at Sale ......... 6
up from December 2009 by five days to register in at 90 days for December
2010. Sellers, on average, received about 92.0 percent of their original list
price – which is identical to the December 2007 figure. Housing Affordability Index ......... 7

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

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 1
 New Listings
As of January 31, 2011

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
10/30/2010 3,264 3,245 + 0.6%
11/6/2010 3,179 3,324 - 4.4%
3,500 11/13/2010 3,170 3,274 - 3.2%
11/20/2010 2,882 3,020 - 4.6%
3,000
11/27/2010 1,776 1,931 - 8.0%
12/4/2010 2,895 2,978 - 2.8%
12/11/2010 2,661 2,789 - 4.6%
2,500
12/18/2010 2,348 2,209 + 6.3%
12/25/2010 1,654 1,295 + 27.7%
2,000 1/1/2011 1,597 1,875 - 14.8%
1/8/2011 3,156 3,400 - 7.2%
1/15/2011 3,066 3,644 - 15.9%
1,500
1/22/2011 3,066 3,618 - 15.3%
3-Month Total: 34,714 36,602 - 5.2%
1,000
10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11
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 3/28/10 7/26/10 11/23/10

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 2
 Pending Sales
As of January 31, 2011

Last Three Months Weekly Pending Sales

2,400
For the week Current One Year One Year
ending: Activity Ago Change
2,200
10/30/2010 1,876 2,164 - 13.3%
2,000 11/6/2010 2,018 1,866 + 8.1%
11/13/2010 1,955 1,798 + 8.7%
1,800 11/20/2010 2,078 1,831 + 13.5%
11/27/2010 1,319 1,290 + 2.2%
1,600
12/4/2010 1,782 1,709 + 4.3%
12/11/2010 1,751 1,558 + 12.4%
1,400
12/18/2010 1,780 1,471 + 21.0%
12/25/2010 1,365 926 + 47.4%
1/1/2011 1,257 1,047 + 20.1%
1,200
1/8/2011 1,687 1,449 + 16.4%
Current Activity 1/15/2011 2,058 1,780 + 15.6%
1,000
One Year Ago 1/22/2011 2,186 1,985 + 10.1%
3-Month Total: 23,112 20,874 + 10.7%
800
10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11

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 3/28/10 7/26/10 11/23/10

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of January 31, 2011

Last Three Months Weekly Inventory for Sale

70,000
Current One Year One Year
Inventory as of:
Current Inventory Inventory Ago Change
67,500
One Year Ago 10/23/2010 67,566 64,662 + 4.5%
10/30/2010 67,135 64,630 + 3.9%
65,000 11/6/2010 65,532 63,223 + 3.7%
11/13/2010 64,931 63,135 + 2.8%
62,500
11/20/2010 64,225 62,816 + 2.2%
11/27/2010 63,243 62,397 + 1.4%
12/4/2010 62,485 61,184 + 2.1%
60,000
12/11/2010 60,989 60,680 + 0.5%
12/18/2010 60,120 60,116 + 0.0%
57,500 12/25/2010 58,886 59,313 - 0.7%
1/1/2011 58,264 58,987 - 1.2%
1/8/2011 55,058 56,362 - 2.3%
55,000
1/15/2011 54,823 56,829 - 3.5%
1/22/2011 54,267 57,195 - 5.1%
52,500
3 Month Avg:
3-Month 60 766
60,766 60 528
60,528 + 0.4%
0 4%
10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11

Compared to Last Year: Even

Historical Weekly Inventory for Sale Compared to 2003: Down (-)
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 4/4/10 8/2/10 11/30/10

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
December 2010 — 90

Current One Year One Year

Month
112 Year Previous Change
1-2010 86 124 - 31.2%
2-2010 86 123 - 30.2%
90
85 3-2010 85 119 - 28.9%
4-2010 78 110 - 29.5%
5-2010 74 108 - 31.4%
6-2010 72 100 - 27.9%
7-2010 71 95 - 24.8%
8-2010 76 92 - 17.4%
9-2010 82 91 - 10.4%
- 23.9% + 5.9% 10-2010 83 90 - 7.5%
11-2010 86 84 + 1.7%
12-2010 90 85 + 5.9%
12-Month Avg: 81 102 - 20.8%

12-2008 12-2009 12-2010

Compared to Last Year: Up (+)
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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
December 2010 — 92.0%
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
1-2010 93.6% 90.2% + 3.8%
96%

93.9% 2-2010 93.9% 90.0% + 4.4%

94%
3-2010 94.2% 90.4% + 4.1%
92.0%
4-2010 94.7% 91.3% + 3.7%
92% 90.9%
5-2010 94.9% 92.2% + 2.9%
90%
6-2010 94.7% 92.9% + 2.0%
88% 7-2010 94.3% 93.4% + 0.9%
8-2010 93.6% 93.8% - 0.2%
86%
9-2010 93.0% 94.1% - 1.2%
84% + 3.3% - 2.0% 10-2010 92.8% 94.1% - 1.4%
82% 11-2010 92.5% 94.4% - 2.0%
12-2010 92.0% 93.9% - 2.0%
80%
12-Month Avg: 93.7% 92.6% + 1.2%
12-2008 12-2009 12-2010
C d to Last
Compared L Y
Year: Down (-)
Historical Percent of Original List Price Received at Sale Compared to 2003: Down (-)
102%

100%

98%

96%

94%

92%

90%

88%

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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
December 2010 — 148

146 148 Current One Year One Year

144 Month
Year Previous Change
1-2010 152 152 + 0.2%
2-2010 149 155 - 4.4%
3-2010 149 146 + 2.2%
4-2010 144 146 - 1.6%
5-2010 139 136 + 1.7%
6-2010 132 131 + 1.3%
7-2010 131 131 + 0.4%
8-2010 134 134 + 0.1%
9-2010 142 141 + 0.9%
+ 27.7% + 2.8% 10-2010 144 144 - 0.3%
11-2010 145 147 - 1.2%
12-2010 148 144 + 2.8%
12-2008 12-2009 12-2010 12-Month Avg: 142 142 + 0.1%
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
Up (+)
necessary income to qualify for the median priced home under prevailing interest rates. Compared to 2003:
160

150

140

130

120

110

100

90

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

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Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
December 2010 — 6.9 Months

Current One Year One Year

9.1 Month
Year Previous Change
1-2010 6.1 8.3 - 26.6%
2-2010 6.1 8.2 - 24.9%
6.9
6.5 3-2010 6.2 8.2 - 24.1%
4-2010 6.6 8.1 - 19.5%
5-2010 6.7 8.1 - 18.1%
6-2010 7.0 8.0 - 11.7%
7-2010 7.3 7.7 - 6.1%
8-2010 7.5 7.6 - 0.9%
9-2010 7.5 7.4 + 2.3%
- 28.1% + 5.5% 10-2010 7.7 7.2 + 6.3%
11-2010 7.5 6.9 + 8.9%
12-2010 6.9 6.5 + 5.5%
12-Month Avg: 6.9 7.7 - 9.9%
12-2008 12-2009 12-2010

C d to
Compared t Last
L t Year:
Y Up (+)
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 RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 1/31/2011. This report may be reproduced by MRIS members. 8