8/8/2019 Real Estate Market Activity

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. . . . . . . . . 2

Publish Date: December 6, 2010Weekly Activity

Pending Sales . . . . . . . . . 3

We're rapidly approaching the time of year where we see the most

dramatic seasonal slow-down in the Washington D.C. housing market.

Remember that it's strictly temporary theatrics; demand will respawn and

regenerate as the spring market heats up.

New Listings

. . . . . . . . . 4For the week ending November 27, Pending Sales maintained their 10.3percent lead in the race against last year's numbers, with 1,429 contracts

written. This is the fourth consecutive week of double-digit gains over year-

ago levels. Seller activity continued to mimic last year's levels. New Listings

were down 8.4 percent from 2009 levels, with sellers adding 1,768 homes

to the marketplace.

With less new product and more sales activity, inventory continued its year-

over-year and week-to-week descent. The number of Active Listings fell by3.6 percent from last year to arrive at 58,908.

Although Months Supply of Inventory was up 1.3 percent compared to last

year, the 12-month average is at 6.8 months which is 16.8 percent lower

than the average for last year. The current 7.3 months of supply indicates a

fairly balanced market.

. . . . . . . . . 7

. . . . . . . . . 6

Active Listings

Days on Market Until Sale

Most Recent Month

. . . . . . . . . 8

Percent of Original List Price Received at Sale

. . . . . . . . . 5

Months Supply of Inventory

Housing Affordability Index

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 12/6/2010. This report may be reproduced by MRIS members. 1

8/8/2019 Real Estate Market Activity

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New ListingsAs of December 6, 2010

Last Three Months Weekly New Listings

3,755 4,076 - 7.9%

3,816 3,853 - 1.0%

3,816 3,995 - 4.5%

3,838 3,857 - 0.5%

3,667 3,975 - 7.7%

3,744 3,973 - 5.8%3,273 3,512 - 6.8%

3,178 3,633 - 12.5%

3,246 3,245 + 0.0%

3,164 3,324 - 4.8%

3,161 3,274 - 3.5%

2,867 3,020 - 5.1%

1,768 1,931 - 8.4%

43,293 45,668 - 5.2%

9/11/2010

9/18/2010

9/25/2010

For the week

ending:

9/4/2010

One Year

Ago

One Year

Change

Current

Activity

3-Month Total:

11/27/2010

11/20/2010

10/2/2010

10/9/201010/16/2010

10/23/2010

10/30/2010

11/6/2010

11/13/2010

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Current Activity

One Year Ago

1,500

2,000

2,500

3,000

3,500

4,000

4,500

9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10

Current Activity

One Year Ago

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

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/

Historical New Listings

Compared to Last Year: Down (-)

Compared to 2003: Down (-)

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Pending SalesAs of December 6, 2010

Last Three Months Weekly Pending Sales

1,979 2,505 - 21.0%

1,613 2,108 - 23.5%

2,074 2,414 - 14.1%

2,001 2,299 - 13.0%

2,187 2,461 - 11.1%

2,013 2,390 - 15.8%

1,983 2,197 - 9.7%

2,023 2,145 - 5.7%

2,028 2,167 - 6.4%

2,223 1,866 + 19.1%

2,194 1,802 + 21.8%

2,279 1,833 + 24.3%

1,429 1,296 + 10.3%

26,026 27,483 - 5.3%3-Month Total:

9/11/2010

11/27/2010

11/20/2010

10/2/2010

10/9/2010

9/18/2010

9/25/2010

10/16/2010

10/23/2010

10/30/2010

9/4/2010

11/6/2010

11/13/2010

For the week

ending:

Current

Activity

One Year

Ago

One Year

Change

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

Current Activity

One Year Ago

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10

Current Activity

One Year Ago

0

1,000

2,000

3,000

4,000

5,000

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

Historical Pending Sales

Down (-)

Down (-)

Compared to Last Year:

Compared to 2003:

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 12/6/2010. This report may be reproduced by MRIS members. 3

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Active Listings for SaleAs of December 6, 2010

Last Three Months Weekly Inventory for Sale

68,311 65,720 + 3.9%

67,652 65,516 + 3.3%

67,990 65,848 + 3.3%

67,913 65,890 + 3.1%

67,993 65,999 + 3.0%

66,620 64,915 + 2.6%66,461 64,826 + 2.5%

65,864 64,600 + 2.0%

65,208 64,567 + 1.0%

63,428 63,157 + 0.4%

62,558 63,067 - 0.8%

61,465 62,746 - 2.0%

60,027 62,325 - 3.7%

58,908 61,105 - 3.6%

9/4/2010

Inventory as of:Current

Inventory

One Year

Ago

8/28/2010

10/23/2010

10/30/2010

9/25/2010

11/20/2010

11/6/2010

11/27/2010

10/2/2010

9/18/2010

One Year

Change

10/16/2010

11/13/2010

9/11/2010

10/9/2010

58,000

60,000

62,000

64,000

66,000

68,000

70,000

Current Inventory

One Year Ago

64,776 64,197 + 0.9%3-Month Avg:58,000

60,000

62,000

64,000

66,000

68,000

70,000

8/28/10 9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10 11/20/10 11/27/10

Current Inventory

One Year Ago

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

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

Historical Weekly Inventory for Sale

Even

Down (-)

Compared to Last Year:

Compared to 2003:

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 12/6/2010. This report may be reproduced by MRIS members. 4

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Days on Market Until Sale

84 111 - 24.2%

85 112 - 23.9%

86 124 - 31.0%

86 123 - 29.7%

85 119 - 28.5%

78 110 - 29.2%74 108 - 31.0%

73 100 - 27.4%

71 95 - 24.6%

77 92 - 16.9%

82 91 - 9.8%

84 90 - 6.4%

81 106 - 24.2%

3-2010

4-2010

12-Month Avg:

10-2010

6-2010

7-2010

8-2010

9-2010

5-2010

12-2009

2-2010

1-2010

11-2009

Current

Year

One Year

Previous

One Year

ChangeMonth

115

9084

10-2008 10-2009 10-2010

October 2010 84

- 6.4%- 21.8%

Down -Com ared to Last Year:

115

9084

10-2008 10-2009 10-2010

0

20

40

60

80

100

120

140

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

October 2010 84

- 6.4%- 21.8%

Historical Days on Market Until Sale

Down (-)

Up (+)

Compared to Last Year:

Compared to 2003:

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 12/6/2010. This report may be reproduced by MRIS members. 5

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Percent of Original List Price Received at Sale

94.4% 91.0% + 3.7%

93.9% 90.9% + 3.3%

93.6% 90.2% + 3.8%

93.9% 90.0% + 4.3%

94.1% 90.4% + 4.1%

94.6% 91.3% + 3.7%

94.8% 92.2% + 2.9%

94.7% 92.9% + 2.0%

94.3% 93.4% + 0.9%

93.5% 93.8% - 0.3%

92.9% 94.1% - 1.3%

92.7% 94.1% - 1.5%

94.0% 92.0% + 2.1%

12-2009

2-2010

1-2010

11-2009

Current

Year

One Year

Previous

One Year

ChangeMonth

3-2010

4-2010

12-Month Avg:

10-2010

6-2010

7-2010

8-2010

9-2010

5-2010

91.9%

94.1%

92.7%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

10-2008 10-2009 10-2010

October 2010 92.7%

- 1.5%+ 2.5%

Does not account for list prices from any previouslisting contracts or seller concessions.

Historical Percent of Original List Price Received at Sale

91.9%

94.1%

92.7%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

10-2008 10-2009 10-2010

88%

90%

92%

94%

96%

98%

100%

102%

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

October 2010 92.7%

- 1.5%+ 2.5%

Down (-)

Down (-)

Does not account for list prices from any previouslisting contracts or seller concessions.

Compared to Last Year:

Compared to 2003:

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 12/6/2010. This report may be reproduced by MRIS members. 6

8/8/2019 Real Estate Market Activity

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Housing Affordability Index

147 143 + 3.1%

144 146 - 1.4%

152 152 + 0.2%

149 155 - 4.4%

149 146 + 2.2%

144 146 - 1.6%

139 136 + 2.0%

132 131 + 1.3%

131 131 + 0.4%

135 134 + 0.5%

143 141 + 1.4%

142 144 - 1.3%

142 142 + 0.1%

12-2009

2-2010

1-2010

11-2009

Current

Year

One Year

Previous

One Year

ChangeMonth

3-2010

4-2010

12-Month Avg:

10-2010

6-2010

7-2010

8-2010

9-2010

5-2010

128

144 142

10-2008 10-2009 10-2010

October 2010 142

- 1.3%+ 19.3%

The Housin Affordabilit Index measureshousin affordabilit for the MRIS service

Historical Housing Affordability Index

128

144 142

10-2008 10-2009 10-2010

90

100

110

120

130

140

150

160

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

October 2010 142

- 1.3%+ 19.3%

Even

Up (+)

The Housing Affordability Index measures housing affordability for the MRIS serviceregion. The higher the number, the more affordable our housing is.

An HAI of 120 would mean that the median household income was 120% of thenecessary income to qualify for the median priced home under prevailing interest rates.

Compared to Last Year:

Compared to 2003:

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 12/6/2010. This report may be reproduced by MRIS members. 7

8/8/2019 Real Estate Market Activity

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Months Supply of Inventory

6.8 9.5 - 28.3%

6.5 9.1 - 28.3%

6.0 8.3 - 26.8%

6.1 8.2 - 25.0%

6.2 8.2 - 24.3%

6.5 8.1 - 19.8%

6.6 8.1 - 18.6%

7.0 8.0 - 12.3%

7.2 7.7 - 7.2%

7.4 7.6 - 2.5%

7.3 7.3 - 0.5%

7.3 7.2 + 1.3%

6.8 8.1 - 16.8%

3-2010

4-2010

12-Month Avg:

10-2010

6-2010

7-2010

8-2010

9-2010

5-2010

12-2009

2-2010

11-2009

Current

Year

One Year

Previous

One Year

Change

1-2010

Month

9.8

7.2 7.3

10-2008 10-2009 10-2010

October 2010 7.3 Months

+ 1.3%- 26.6%

Historical Months Supply of Inventory

9.8

7.2 7.3

10-2008 10-2009 10-2010

0

2

4

6

8

10

12

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

October 2010 7.3 Months

+ 1.3%- 26.6%

Even

Up (+)

Compared to Last Year:

Compared to 2003:

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 12/6/2010. This report may be reproduced by MRIS members. 8