July 2020 Quick Facts

Change in Change inClosed Sales All Properties

Closed SalesSingle-Family Only

23456789

10111213

Monthly Indicators

+ 22.0% + 21.6% + 22.8%Healthy buyer demand and constrained supply continue to be the story for much of the country. Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.

Closed Sales increased 21.6 percent for single-family homes and 22.8 percent for condos. Pending Sales increased 34.7 percent for single-family homes and 31.5 percent for condos. Inventory decreased 24.1 percent for single-family homes and 6.6 percent for condos.

The Median Sales Price was up 6.9 percent to $252,000 for single-family homes and 5.4 percent to $150,000 for condos. Days on Market increased 8.3 percent for single-family homes and 14.4 percent for condos. Supply decreased 32.7 percent for single-family homes and 7.7 percent for condos.

While the number of unemployment insurance weekly initial claims have been far lower in recent weeks than their peak in March and April, more than 1 million new claims are still being filed each week and more 31 million were claiming benefits in all programs as of early July, compared to fewer than 2 million in July 2019. Despite this significant economic impact, home buyers remain extremely resilient. With mortgage rates remaining near record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market.

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

Single-Family Market Overview

Change inClosed SalesCondo Only

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime.

Condo Market Overview

Percent of List Price ReceivedHousing Affordability IndexInventory of Homes for SaleMonths Supply of Inventory

New ListingsPending SalesClosed SalesDays on Market Until SaleMedian Sales PriceAverage Sales Price

Single-Family Market Overview

Key Metrics Historical Sparkbars 7-2019 7-2020 Percent Change YTD 2019 YTD 2020 Percent Change

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

New Listings 1,225 1,204 - 1.7% 7,605 - 7.6%

Pending Sales 880 1,185 + 34.7% 5,829 6,323 + 8.5%

8,234

+ 5.2%

Days on Market 133 144 + 8.3% 138 145 + 5.1%

Closed Sales 894 1,087 + 21.6% 5,387 5,666

+ 3.8%

Avg. Sales Price $272,747 $310,297 + 13.8% $273,286 $290,599 + 6.3%

Median Sales Price $235,685 $252,000 + 6.9% $237,944 $247,000

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 2

0.0%

Affordability Index 100 94 - 6.0% 100 96 - 4.0%

Pct. of List Price Received 97.3% 97.4% + 0.1% 97.3% 97.3%

Homes for Sale --

Months Supply 5.5 3.7 - 32.7% -- -- --

4,101 3,112 - 24.1% -- --

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

Condo Market Overview

Key Metrics Historical Sparkbars 7-2019 7-2020 Percent Change YTD 2019 YTD 2020 Percent Change

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 3

- 5.8%Affordability Index 167 158 - 5.4% 173 163

Homes for Sale 2,513 2,347 - 6.6% -- --

+ 4.7%

Pct. of List Price Received 96.0% 96.5% + 0.5% 96.0% 96.1% + 0.1%

Avg. Sales Price $168,216 $176,828 + 5.1% $161,642 $169,228

$145,000 + 5.8%

Days on Market 118 135 + 14.4% 125 128

Median Sales Price $142,250 $150,000 + 5.4% $137,000

3,231 - 10.8%

+ 2.4%

Closed Sales 536 658 + 22.8% 3,622

4,873 - 3.1%

Pending Sales 571 751 + 31.5% 3,908 3,742 - 4.2%

5,030

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

New Listings 729 812 + 11.4%

--

Months Supply 5.2 4.8 - 7.7% -- -- --

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

7-2017 7-2018 7-2019 7-2020

New Listings

New Listings Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 1,159 -0.8% 665 -12.2%

Sep-2019 933 +44.7% 623 +47.3%

Oct-2019 1,127 +5.4% 670 +1.8%

Nov-2019 894 +0.8% 535 -3.6%

Dec-2019 713 +5.9% 422 +13.4%

Jan-2020 1,118 -7.6% 808 +2.0%

Feb-2020 1,156 +10.1% 728 +6.1%

Mar-2020 1,140 -5.3% 737 +4.7%

Apr-2020 860 -30.1% 409 -47.9%

May-2020 984 -17.1% 667 -8.1%

Jun-2020 1,143 +1.3% 712 +17.1%

Jul-2020 1,204 -1.7% 812 +11.4%

12-Month Avg 1,036 -1.9% 649 -0.1%

Historical New Listings by Month

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 4

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

1,024

628

1,225

729

1,204

812

Single-Family Condo

July

200

400

600

800

1,000

1,200

1,400

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

7,692

4,805

8,234

5,030

7,605

4,873

Single-Family Condo

Year to Date

2018 2019 2020

+ 11.4%+ 16.1%- 1.7%+ 19.6% + 4.7%- 7.6%+ 7.0% - 3.1%

2018 2019 2020 2018 2019 2020 2018 2019 2020

- 4.2% - 5.3% - 4.8%+ 0.2%

Pending Sales

Pending Sales Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 900 +3.3% 545 +9.4%

Sep-2019 675 +34.7% 403 +34.3%

Oct-2019 852 +26.2% 468 +7.3%

Nov-2019 722 +10.9% 436 +9.0%

Dec-2019 541 +23.5% 329 +13.4%

Jan-2020 774 +5.0% 508 -3.2%

Feb-2020 801 +7.2% 528 +5.2%

Mar-2020 806 -7.1% 355 -40.5%

Apr-2020 632 -29.4% 262 -56.3%

May-2020 996 +12.7% 609 +6.1%

Jun-2020 1,129 +38.0% 729 +35.3%

Jul-2020 1,185 +34.7% 751 +31.5%

12-Month Avg* 747 +11.7% 486 +1.6%

Historical Pending Sales by Month

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

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 5

844

516

880

571

1,185

751

Single-Family Condo

July

0

200

400

600

800

1,000

1,200

1,400

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

5,745

3,822

5,829

3,908

6,323

3,742

Single-Family Condo

Year to Date

2018 2019 2020

+ 31.5%+ 10.7%+ 34.7%+ 4.3% + 2.3%+ 8.5%+ 1.5% - 4.2%

2018 2019 2020 2018 2019 2020 2018 2019 2020

+ 8.2% + 4.9% + 2.8%- 0.8%

Closed Sales

Closed Sales Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 859 -6.6% 598 +0.8%

Sep-2019 858 +74.4% 482 +42.2%

Oct-2019 775 -14.5% 455 -8.3%

Nov-2019 749 +12.6% 440 +8.6%

Dec-2019 775 +21.7% 468 +20.9%

Jan-2020 652 +12.4% 393 +8.0%

Feb-2020 644 +7.2% 451 +1.8%

Mar-2020 856 +5.8% 497 -9.1%

Apr-2020 764 -3.3% 349 -39.5%

May-2020 674 -19.6% 335 -47.3%

Jun-2020 989 +13.0% 548 +5.6%

Jul-2020 1,087 +21.6% 658 +22.8%

12-Month Avg* 751 +7.5% 487 -2.9%

Historical Closed Sales by Month

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

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 6

804

538

894

536

1,087

658

Single-Family Condo

July

0

200

400

600

800

1,000

1,200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

5,312

3,574

5,387

3,622

5,666

3,231

Single-Family Condo

Year to Date

2018 2019 2020

+ 22.8%- 0.4%+ 21.6%+ 11.2% + 1.3%+ 5.2%+ 1.4% - 10.8%

2018 2019 2020 2018 2019 2020 2018 2019 2020

+ 7.3% + 6.7% + 4.3%+ 21.2%

Days on Market Until Sale

Days on Market Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 129 -7.9% 128 -0.8%

Sep-2019 133 -8.9% 120 +0.8%

Oct-2019 137 -8.7% 132 -10.8%

Nov-2019 126 -13.1% 137 +13.2%

Dec-2019 131 -9.7% 120 -3.2%

Jan-2020 146 +2.8% 131 +5.6%

Feb-2020 145 -1.4% 128 -3.8%

Mar-2020 148 +2.8% 122 -12.2%

Apr-2020 152 +6.3% 113 -12.4%

May-2020 147 +8.1% 137 +17.1%

Jun-2020 137 +7.0% 128 +11.3%

Jul-2020 144 +8.3% 135 +14.4%

12-Month Avg* 141 -1.1% 127 +0.9%

Historical Days on Market Until Sale by Month

Average number of days between when a property is listed and when an offer is accepted in a given month.

* Days on Market for all properties from August 2019 through July 2020. This is not the average of the individual figures above.

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 7

131 126133

118

144135

Single-Family Condo

July

0

50

100

150

200

250

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

140

126138

125

145

128

Single-Family Condo

Year to Date

2018 2019 2020

+ 14.4%- 6.3%+ 8.3%+ 1.5% - 0.8%+ 5.1%- 1.4% + 2.4%

2018 2019 2020 2018 2019 2020 2018 2019 2020

- 2.2% - 1.4% - 13.1%+ 0.8%

Median Sales Price

Median Sales Price Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 $237,500 +3.9% $148,250 +6.2%

Sep-2019 $249,900 -0.0% $142,700 +1.9%

Oct-2019 $234,000 +1.7% $146,500 +3.0%

Nov-2019 $240,000 +1.7% $145,000 +7.4%

Dec-2019 $249,500 +4.0% $140,000 +0.5%

Jan-2020 $240,000 +5.2% $147,500 +10.1%

Feb-2020 $247,127 +5.8% $138,000 +6.6%

Mar-2020 $245,000 +2.1% $145,000 +7.4%

Apr-2020 $252,000 +4.6% $146,000 +9.9%

May-2020 $236,500 +1.5% $141,000 +0.8%

Jun-2020 $243,900 -0.1% $145,000 +3.6%

Jul-2020 $252,000 +6.9% $150,000 +5.4%

12-Month Avg* $236,846 +3.4% $138,000 +5.1%

Historical Median Sales Price by Month

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

* Median Sales Price for all properties from August 2019 through July 2020. This is not the average of the individual figures above.

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 8

$219,000

$131,250

$235,685

$142,250

$252,000

$150,000

Single-Family Condo

July

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

$222,241

$130,000

$237,944

$137,000

$247,000

$145,000

Single-Family Condo

Year to Date

2018 2019 2020

+ 5.4%+ 8.4%+ 6.9%+ 7.6% + 5.4%+ 3.8%+ 7.1% + 5.8%

2018 2019 2020 2018 2019 2020 2018 2019 2020

+ 9.6% + 7.6% + 2.4%+ 1.2%

Average Sales Price

Avg. Sales Price Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 $274,472 -0.4% $170,807 +2.5%

Sep-2019 $278,213 -3.0% $168,339 +0.3%

Oct-2019 $271,044 -0.9% $177,492 +10.4%

Nov-2019 $276,006 +4.8% $172,471 +7.4%

Dec-2019 $272,368 -5.6% $172,890 +8.6%

Jan-2020 $296,455 +14.4% $174,005 +6.5%

Feb-2020 $281,548 +2.1% $161,655 +9.5%

Mar-2020 $282,415 +2.6% $165,441 +7.3%

Apr-2020 $280,940 -1.7% $167,929 +6.8%

May-2020 $277,615 +3.9% $161,918 -7.0%

Jun-2020 $294,361 +7.3% $171,636 +5.3%

Jul-2020 $310,297 +13.8% $176,828 +5.1%

12-Month Avg $282,978 +3.4% $170,118 +5.1%

Historical Average Sales Price by Month

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

* Avg. Sales Price for all properties from August 2019 through July 2020. This is not the average of the individual figures above.

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 9

$257,951

$154,039

$272,747

$168,216

$310,297

$176,828

Single-Family Condo

July

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

$255,862

155,226

$273,286

$161,642

$290,599

$169,228

Single-Family Condo

Year to Date

2018 2019 2020

+ 5.1%+ 9.2%+ 13.8%+ 5.7% + 4.1%+ 6.3%+ 6.8% + 4.7%

2018 2019 2020 2018 2019 2020 2018 2019 2020

+ 8.7% + 2.6% + 2.9%+ 1.6%

Percent of List Price Received

Pct. of List Price Received Single-Family

Year-Over-YearChange Condo

Year-Over-YearChange

Aug-2019 97.3% -0.3% 96.3% 0.0%

Sep-2019 97.7% +0.5% 96.1% -0.2%

Oct-2019 97.3% -0.4% 96.0% -0.4%

Nov-2019 97.6% +0.3% 96.3% +0.5%

Dec-2019 97.5% 0.0% 96.1% +0.7%

Jan-2020 97.0% -0.1% 95.9% +0.2%

Feb-2020 97.1% -0.2% 95.9% +0.3%

Mar-2020 97.6% +0.4% 96.3% +0.2%

Apr-2020 97.4% +0.3% 96.2% +0.3%

May-2020 97.4% +0.3% 95.7% -0.6%

Jun-2020 97.4% -0.3% 95.9% -0.1%

Jul-2020 97.4% +0.1% 96.5% +0.5%

12-Month Avg 97.4% +0.0% 96.1% +0.1%

Historical Percent of List Price Received by Month

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.

* Pct. of List Price Received for all properties from August 2019 through July 2020. This is not the average of the individual figures above.

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 10

97.5% 96.2%97.3% 96.0%97.4% 96.5%

Single-Family Condo

July

88.0%

90.0%

92.0%

94.0%

96.0%

98.0%

100.0%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

97.4% 96.0%97.3% 96.0%97.3% 96.1%

Single-Family Condo

Year to Date

2018 2019 2020

+ 0.5%- 0.2%+ 0.1%- 0.2% 0.0%0.0%- 0.1% + 0.1%

2018 2019 2020 2018 2019 2020 2018 2019 2020

0.0% + 0.3% + 0.4%+ 0.5%

Housing Affordability Index

Affordability Index Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 100 -3.8% 160 -5.9%

Sep-2019 95 0.0% 166 -1.8%

Oct-2019 101 -1.9% 162 -2.4%

Nov-2019 99 -1.0% 163 -6.9%

Dec-2019 95 -4.0% 169 -0.6%

Jan-2020 99 -4.8% 161 -9.0%

Feb-2020 96 -5.0% 172 -6.0%

Mar-2020 97 -2.0% 163 -6.9%

Apr-2020 94 -4.1% 162 -9.0%

May-2020 100 -2.0% 168 -0.6%

Jun-2020 97 0.0% 163 -3.6%

Jul-2020 94 -6.0% 158 -5.4%

12-Month Avg 97 -2.9% 164 -4.8%

Historical Housing Affordability Index by Month

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.

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 11

108

180

100

167

94

158

Single-Family Condo

July

50

100

150

200

250

300

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

107

182

100

173

96

163

Single-Family Condo

Year to Date

2018 2019 2020

- 5.4%- 7.2%- 6.0%- 7.4% - 4.9%- 4.0%- 6.5% - 5.8%

2018 2019 2020 2018 2019 2020 2018 2019 2020

- 8.5% - 7.0% - 2.7%- 1.6%

Inventory of Homes for Sale

Homes for Sale Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 4,013 +4.5% 2,448 -1.4%

Sep-2019 3,962 +6.6% 2,515 +1.6%

Oct-2019 3,935 +2.4% 2,542 +0.0%

Nov-2019 3,872 +4.4% 2,486 -2.9%

Dec-2019 3,721 +3.2% 2,376 -3.1%

Jan-2020 3,779 +0.9% 2,499 -1.9%

Feb-2020 3,929 +2.5% 2,555 -2.4%

Mar-2020 3,965 +1.2% 2,780 +8.2%

Apr-2020 3,872 -2.8% 2,759 +6.4%

May-2020 3,601 -10.2% 2,650 +2.6%

Jun-2020 3,351 -17.8% 2,474 -2.4%

Jul-2020 3,112 -24.1% 2,347 -6.6%

12-Month Avg* 3,866 -2.8% 2,539 -0.1%

Historical Inventory of Homes for Sale by Month

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

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 12

3,875

2,360

4,101

2,513

3,112

2,347

Single-Family Condo

July

2,000

3,000

4,000

5,000

6,000

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

2018

- 6.6%+ 6.5%- 24.1%+ 5.8%- 0.2% - 12.2%2019 2020 2018 2019 2020

Months Supply of Inventory

Months Supply Single-FamilyYear-Over-Year

Change CondoYear-Over-Year

Change

Aug-2019 5.4 +5.9% 5.0 0.0%

Sep-2019 5.2 +4.0% 5.0 -2.0%

Oct-2019 5.1 -1.9% 5.1 -3.8%

Nov-2019 4.9 -2.0% 4.9 -7.5%

Dec-2019 4.7 -4.1% 4.7 -7.8%

Jan-2020 4.7 -7.8% 4.9 -7.5%

Feb-2020 4.9 -5.8% 5.0 -7.4%

Mar-2020 5.0 -5.7% 5.7 +7.5%

Apr-2020 5.0 -7.4% 6.0 +11.1%

May-2020 4.6 -14.8% 5.7 +5.6%

Jun-2020 4.1 -25.5% 5.2 -1.9%

Jul-2020 3.7 -32.7% 4.8 -7.7%

12-Month Avg* 5.2 -7.9% 5.3 -1.5%

Historical Months Supply of Inventory by Month

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.

* Months Supply for all properties from August 2019 through July 2020. This is not the average of the individual figures above.

Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 13

5.24.8

5.55.2

3.7

4.8

Single-Family Condo

July

0.0

20.0

40.0

60.0

80.0

100.0

120.0

1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Single-Family Condo

- 7.7%+ 8.3%- 32.7%+ 5.8%- 5.5% - 17.2%2018 2019 2020 2018 2019 2020