Georgia sales and listing stats for December 2013

1. Monthly Indicators
December 2013
Activity Snapshot
+ 3.7%
In its entirety, 2013 proved to be a good year for housing. Home sales and
prices were broadly higher across the nation, while foreclosure loads, the
number of homes for sale and the number of days it took to sell a home were all
much lower. Multiple-offer situations became commonplace again and prices in
many areas rallied to multi-year highs. This, of course, varied by location and
segment, but the proverbial glass appeared to be more than half full throughout
the year.
New Listings increased 8.3 percent to 7,143. Pending Sales were up 16.9
percent to 6,237. Inventory levels shrank 4.2 percent to 37,803 units.
Prices marched higher. The Median Sales Price increased 24.8 percent to
$149,900. Days on Market was down 14.7 percent to 81 days. Absorption rates
improved as Months Supply of Inventory was down 5.5 percent to 5.2 months.
Housing is fortified by confident consumers and good jobs. The year 2013 was
marked by a slowly improving labor market stunted by political gridlock, and the
Federal Reserve's long-awaited taper announcement was not surprising.
Interest rates remain low (but upwardly mobile), prices are still affordable, the
employment picture looks decent and the stock market is up nearly 30.0
percent from this time last year. It's no wonder that buyers were active in 2013.
Here's to more of the same in 2014.
+ 24.8%
- 4.2%
One-Year Change in
Closed Sales
One-Year Change in
Median Sales Price
One-Year Change in
Homes for Sale
A research tool provided by the Georgia Association of REALTORS®.
Residential real estate activity comprised of single-family properties,
townhomes and condominiums combined. Percent changes are
calculated using rounded figures.
Activity Overview
New Listings
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of Original List Price Received
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory
2
3
4
5
6
7
8
9
10
11
12
Click on desired metric to jump to that page.
Changes in methodology were implemented in October 2012 to provide a more accurate count of inventory and related metrics. Due to MLS purging rules, activity before 2008 cannot be updated and therefore shifts in the trendlines may occur.
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing.

2. Activity Overview
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
12-2011
12-2012
- 14.7%
94
78
- 17.0%
$149,900
+ 24.8%
$108,100
$143,000
+ 32.3%
$194,093
+ 18.0%
$149,668
$184,383
+ 23.2%
93.9%
+ 0.1%
92.3%
94.9%
+ 2.8%
235
- 23.9%
334
244
- 26.9%
37,803
- 4.2%
--
--
--
5.2
- 5.5%
--
--
--
12-2013
Months Supply of Inventory
12-2010
81
12-2013
Inventory of Homes for Sale
12-2010
- 2.3%
12-2013
Affordability Index
12-2010
84,120
12-2013
Pct. of Orig. Price Received
12-2010
86,091
12-2013
Average Sales Price
12-2010
+ 3.7%
12-2013
Median Sales Price
12-2010
6,497
5.5
12-2012
+ 1.4%
39,469
12-2011
86,723
12-2013
Days on Market Until Sale
12-2010
85,553
309
12-2012
+ 16.9%
93.8%
12-2011
6,237
Percent Change
12-2013
Closed Sales
12-2010
+ 2.1%
$164,534
12-2012
131,490
$120,100
12-2011
YTD 2012 YTD 2013
12-2013
Pending Sales
12-2010
128,792
95
12-2012
+ 8.3%
6,265
12-2011
7,143
5,336
12-2010
Percent Change
6,596
New Listings
12-2013
12-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2

3. New Listings
A count of the properties that have been newly listed on the market in a given month.
December
Year to Date
New Listings
Prior Year
Percent Change
+ 2.1%
13,239
-6.4%
12,322
12,879
-4.3%
12,518
11,928
+4.9%
11,826
11,560
+2.3%
11,945
10,849
+10.1%
11,315
10,934
+3.5%
10,534
9,317
+13.1%
October 2013
- 11.9%
12,390
September 2013
- 11.3%
March 2013
August 2013
+ 8.3%
-10.7%
July 2013
- 22.3%
-7.5%
11,565
April 2013
131,490
11,799
10,323
June 2013
128,792
7,143
10,919
February 2013
146,200
6,596
- 22.8%
January 2013
May 2013
8,484
11,176
10,183
+9.8%
9,079
7,943
+14.3%
November 2013
December 2013
2011
2012
2011
2013
2012
2013
12-Month Avg
7,143
6,596
+8.3%
10,958
10,733
+2.1%
Historical New Listings by Month
25,000
20,000
15,000
10,000
5,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3

4. Pending Sales
A count of the properties on which offers have been accepted in a given month.
December
Year to Date
Pending Sales
Prior Year
Percent Change
2011
2012
+ 12.6%
2011
2013
+ 4.9%
2012
+ 1.4%
2013
-6.5%
8,373
7,944
+5.4%
8,219
8,233
-0.2%
7,848
7,966
-1.5%
7,666
7,490
+2.3%
7,579
7,468
+1.5%
6,581
5,848
+12.5%
7,261
7,007
+3.6%
November 2013
6,334
6,109
+3.7%
December 2013
+ 16.9%
8,128
October 2013
- 5.7%
7,596
September 2013
+ 21.2%
March 2013
August 2013
86,723
-10.9%
July 2013
5,336
85,553
-2.8%
7,356
June 2013
81,570
6,668
6,551
April 2013
6,237
6,478
February 2013
May 2013
5,659
January 2013
6,237
5,336
+16.9%
12-Month Avg
7,227
7,129
+1.4%
Historical Pending Sales by Month
11,000
10,000
9,000
8,000
7,000
6,000
5,000
4,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4

5. Closed Sales
A count of the actual sales that closed in a given month.
December
Year to Date
Closed Sales
Prior Year
Percent Change
2011
2012
+ 9.7%
2011
2013
+ 8.0%
2012
- 2.3%
2013
-8.3%
7,144
7,183
-0.5%
8,479
7,982
+6.2%
8,046
8,457
-4.9%
8,316
8,081
+2.9%
8,020
8,412
-4.7%
6,690
6,701
-0.2%
6,900
7,287
-5.3%
November 2013
6,110
6,555
-6.8%
December 2013
+ 3.7%
7,595
October 2013
- 6.8%
6,961
September 2013
+ 17.1%
March 2013
April 2013
84,120
-7.5%
August 2013
79,713
-2.9%
6,129
July 2013
6,497
5,444
5,669
June 2013
6,265
86,091
5,288
February 2013
May 2013
6,720
January 2013
6,497
6,265
+3.7%
12-Month Avg
7,010
7,174
-2.3%
Historical Closed Sales by Month
12,000
10,000
8,000
6,000
4,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5

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.
December
Year to Date
Days on Market
Prior Year
Percent Change
- 9.5%
2011
- 14.7%
2012
+ 6.1%
2011
2013
- 9.6%
2012
- 17.0%
2013
-14.0%
81
96
-15.6%
May 2013
77
91
-15.4%
75
89
-15.7%
72
90
-20.0%
73
92
-20.7%
71
90
-21.1%
76
96
-20.8%
November 2013
76
93
-18.3%
December 2013
+ 2.9%
100
October 2013
78
86
April 2013
September 2013
81
-14.7%
March 2013
94
-11.9%
102
August 2013
95
101
87
July 2013
104
89
February 2013
June 2013
105
January 2013
81
95
-14.7%
12-Month Avg*
78
94
-17.0%
* Average Days on Market of all properties from January 2013 through December
2013. This is not the average of the individual figures above.
Historical Days on Market Until Sale by Month
120
110
100
90
80
70
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6

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.
December
Year to Date
Median Sales Price
Prior Year
Percent Change
January 2013
2011
2012
- 13.1%
2011
2013
+ 5.5%
2012
+ 32.3%
2013
+35.1%
$137,813
$105,000
+31.3%
$147,500
$109,100
+35.2%
$155,000
$114,000
+36.0%
$159,900
$116,000
+37.8%
$153,500
$112,550
+36.4%
$145,000
$112,500
+28.9%
$146,638
$110,000
+33.3%
November 2013
$143,000
$116,000
+23.3%
December 2013
+ 24.8%
$98,080
October 2013
+ 25.8%
$132,500
September 2013
- 17.0%
March 2013
August 2013
$95,500
$108,100
+37.6%
July 2013
$102,500
+28.7%
$86,500
June 2013
$120,100
$87,000
$119,000
May 2013
$143,000
$112,000
February 2013
April 2013
$149,900
$149,900
$120,100
+24.8%
12-Month Med*
$143,000
$108,100
+32.3%
* Median Sales Price of all properties from January 2013 through December 2013.
This is not the average of the individual figures above.
Historical Median Sales Price by Month
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7

8. Average Sales Price
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
December
Year to Date
Average Sales Price
Prior Year
Percent Change
January 2013
2011
2012
2011
2013
+ 3.5%
2012
+ 23.2%
2013
+21.3%
$152,407
+25.7%
$200,041
$158,895
+25.9%
$200,062
$159,798
+25.2%
$196,222
$151,920
+29.2%
$184,661
$152,671
+21.0%
$185,650
$151,839
+22.3%
November 2013
$180,857
$154,535
+17.0%
December 2013
- 6.6%
$147,373
$191,615
October 2013
+ 18.0%
$178,700
September 2013
+ 19.9%
+23.5%
August 2013
- 12.9%
$138,988
July 2013
$137,174
$171,716
June 2013
$144,657
$164,534
+23.7%
April 2013
$149,668
+18.4%
$127,278
May 2013
$194,093
$126,246
$157,481
March 2013
$184,383
$149,488
February 2013
$194,093
$164,534
+18.0%
12-Month Avg*
$184,383
$149,668
+23.2%
* Average Sales Price of all properties from January 2013 through December 2013.
This is not the average of the individual figures above.
Historical Average Sales Price by Month
$240,000
$220,000
$200,000
$180,000
$160,000
$140,000
$120,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8

9. Percent of Original List Price Received
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold
in a given month, not accounting for seller concessions.
December
Year to Date
Pct. of Orig. Price Received
Prior Year
Percent Change
2011
2012
2011
2013
2012
+ 2.8%
2013
+4.9%
95.2%
91.5%
+4.0%
95.6%
92.5%
+3.4%
95.5%
92.9%
+2.8%
95.5%
93.1%
+2.6%
95.5%
93.2%
+2.5%
94.9%
93.3%
+1.7%
94.5%
93.7%
+0.9%
November 2013
94.2%
93.8%
+0.4%
December 2013
+ 4.1%
90.3%
October 2013
- 1.2%
94.7%
September 2013
+ 0.1%
+6.0%
August 2013
+ 5.3%
+4.6%
89.0%
July 2013
+ 1.7%
89.3%
94.3%
March 2013
92.3%
93.4%
June 2013
88.7%
94.9%
February 2013
May 2013
93.9%
January 2013
April 2013
89.1%
93.8%
93.9%
93.8%
+0.1%
12-Month Avg*
94.9%
92.3%
+2.8%
* Average Pct. of Orig. Price Received for all properties from January 2013 through
December 2013. This is not the average of the individual figures above.
Historical Percent of Original List Price Received by Month
98%
96%
94%
92%
90%
88%
86%
84%
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9

10. Housing Affordability Index
This index measures housing affordability for the region. 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.
December
Year to Date
Affordability Index
Prior Year
Percent Change
2011
2012
+ 12.2%
2011
2013
+ 3.7%
2012
- 26.9%
2013
268
326
-17.8%
May 2013
246
320
-23.1%
June 2013
224
312
-28.2%
220
311
-29.3%
225
317
-29.0%
239
322
-25.8%
237
326
-27.3%
November 2013
254
315
-19.4%
December 2013
- 23.9%
-19.5%
October 2013
- 8.8%
338
September 2013
+ 15.7%
272
August 2013
244
-20.7%
April 2013
235
-14.4%
372
March 2013
334
368
295
July 2013
322
309
315
February 2013
339
January 2013
235
309
-23.9%
12-Month Avg
253
253
0.0%
Historical Housing Affordability Index by Month
400
350
300
250
200
150
100
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10

11. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
December
Homes for Sale
Prior Year
Percent Change
January 2013
-20.2%
50,388
-17.6%
42,378
49,154
-13.8%
42,826
47,835
-10.5%
42,608
46,176
-7.7%
42,697
45,053
-5.2%
42,276
44,333
-4.6%
November 2013
41,009
42,039
-2.5%
December 2013
37,803
39,469
-4.2%
12-Month Avg
2013
51,024
41,534
October 2013
2012
40,707
September 2013
2011
-20.3%
August 2013
- 4.2%
50,497
July 2013
- 22.4%
40,258
June 2013
- 20.6%
-22.5%
May 2013
37,803
-24.3%
50,368
April 2013
39,469
50,916
39,017
March 2013
50,887
38,518
February 2013
40,969
47,271
-13.3%
* Homes for Sale for all properties from January 2013 through December 2013. This
is not the average of the individual figures above.
Historical Inventory of Homes for Sale by Month
120,000
100,000
80,000
60,000
40,000
20,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11

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.
December
Months Supply
Prior Year
Percent Change
January 2013
7.2
-19.4%
5.9
7.0
-15.7%
6.0
6.9
-13.0%
6.1
6.6
-7.6%
6.0
6.4
-6.3%
6.0
6.4
-6.3%
October 2013
5.9
6.2
-4.8%
November 2013
5.7
5.9
-3.4%
December 2013
5.2
5.5
-5.5%
12-Month Avg
2013
5.8
September 2013
2012
-20.8%
August 2013
2011
7.2
May 2013
- 5.5%
5.7
July 2013
- 26.7%
-23.6%
June 2013
- 29.2%
-27.0%
7.2
April 2013
5.2
7.4
5.5
March 2013
5.5
5.4
February 2013
7.5
5.8
6.7
-13.4%
* Months Supply for all properties from January 2013 through December 2013. This
is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
20.0
17.5
15.0
12.5
10.0
7.5
5.0
2.5
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
Current as of January 16, 2014. Data comes from the Georgia MLS, Columbus Board of REALTORS®, Savannah MLS and Greater Augusta Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12