Here's November's Monthly Indicators report from the Greater Boston Association of Realtors®

1. Monthly Indicators
A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
November 2012 Quick Facts
This November, there was a lot to be thankful for. Home buyers were thankful
for historically low mortgage rates and still-affordable prices. Sellers were
+ 32.0% + 31.7% + 32.4%
thankful for increased sales, less competition and faster market times. Both Year-Over-Year Year-Over-Year Year-Over-Year
parties can be thankful for the slow yet steady economic recovery. Challenges (YoY) Change in (YoY) Change in (YoY) Change in
persist, to be sure, going into 2013, but there's more reason for optimism than Closed Sales Closed Sales Closed Sales
pessimism. Here's the local scoop. All Properties Single-Family Only Condominium Only
New Listings in the Greater Boston region were down 3.8 percent for single-family
homes and 10.2 percent for condominiums. Closed Sales increased 31.7 Single-Family Market Overview 2
percent for single-family homes and 32.4 percent for condominiums. Condominium Market Overview 3
Closed Sales 4
The Median Sales Price was up 5.8 percent to $447,500 for single-family
properties and 8.4 percent to $380,000 for condominiums. Months Supply of Median Sales Price 5
Inventory decreased 49.8 percent for single-family units and 57.2 percent for Housing Affordability Index 6
townhouse-condo units.
Inventory of Homes for Sale 7
There are three primary avenues to housing recovery: better market Months Supply of Inventory 8
fundamentals, improved market composition and more jobs. Many communities Days On Market Until Sale 9
are enjoying better fundamentals, such as higher demand and less supply. But
many areas are also experiencing a lower overall share of distressed sales
Percent of Original List Price Received 10
activity. In the month ahead, continue to watch hiring and unemployment Pending Sales 11
trends. New Listings 12
City of Boston Overview 13
Click on desired metric to jump to that page.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of December 17, 2012. All data from MLS Property
Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.

2. Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines Nov-2011 Nov-2012 +/– YTD 2011 YTD 2012 +/–
Closed Sales 690 909 + 31.7% 8,324 10,043 + 20.7%
11-2009 11-2010 11-2011 11-2012
Median Sales Price $423,000 $447,500 + 5.8% $451,500 $456,500 + 1.1%
11-2009 11-2010 11-2011 11-2012
Housing Affordability Index 108 112 + 3.7% 102 110 + 7.8%
11-2009 11-2010 11-2011 11-2012
Inventory of Homes for Sale 4,601 3,042 - 33.9% -- -- --
11-2009
11 2009 11-2010
11 2010 11-2011
11 2011 11-2012
11 2012
Months Supply of Inventory 6.7 3.3 - 49.8% -- -- --
11-2009 11-2010 11-2011 11-2012
Days on Market Until Sale 110 90 - 18.0% 104 98 - 5.3%
11-2009 11-2010 11-2011 11-2012
Percent of Original
92.4% 94.6% + 2.4% 93.2% 94.4% + 1.3%
List Price Received
11-2009 11-2010 11-2011 11-2012
Pending Sales 684 811 + 18.6% 8,612 10,500 + 21.9%
11-2009 11-2010 11-2011 11-2012
New Listings 682 656 - 3.8% 14,927 14,558 - 2.5%
11-2009 11-2010 11-2011 11-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2

3. Condominium Market Overview
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics Historical Sparklines Nov-2011 Nov-2012 +/– YTD 2011 YTD 2012 +/–
Closed Sales 562 744 + 32.4% 7,296 8,901 + 22.0%
11-2009 11-2010 11-2011 11-2012
Median Sales Price $350,500 $380,000 + 8.4% $360,000 $378,500 + 5.1%
11-2009 11-2010 11-2011 11-2012
Housing Affordability Index 128 129 + 1.4% 125 130 + 4.1%
11-2009 11-2010 11-2011 11-2012
Inventory of Homes for Sale 3,594 2,037 - 43.3% -- -- --
11-2009
11 2009 11-2010
11 2010 11-2011
11 2011 11-2012
11 2012
Months Supply of Inventory 6.4 2.7 - 57.2% -- -- --
11-2009 11-2010 11-2011 11-2012
Days on Market Until Sale 109 74 - 32.4% 104 87 - 16.7%
11-2009 11-2010 11-2011 11-2012
Percent of Original
93.8% 96.2% + 2.6% 94.0% 95.8% + 1.8%
List Price Received
11-2009 11-2010 11-2011 11-2012
Pending Sales 564 666 + 18.1% 7,500 9,371 + 24.9%
11-2009 11-2010 11-2011 11-2012
New Listings 628 564 - 10.2% 13,260 12,194 - 8.0%
11-2009 11-2010 11-2011 11-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3

4. Closed Sales
A count of the actual sales that have closed in a given month.
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 745 + 1.2% 645 - 1.5%
909 Jan-2012 526 + 12.6% 413 + 2.7%
10,043
Feb-2012 474 + 33.5% 385 + 12.2%
744 8,901
690 8,413 8,324 Mar-2012 657 + 16.5% 608 + 10.9%
634 7,651 Apr-2012 752 + 12.1% 759 + 19.7%
7,296
562
506 May-2012 1,017 + 20.4% 1,013 + 32.1%
Jun-2012 1,529 + 21.4% 1,270 + 20.2%
Jul-2012 1,293 + 25.4% 1,040 + 21.6%
Aug-2012 1,316 + 26.7% 1,204 + 24.5%
Sep-2012 772 - 1.5% 754 + 16.4%
Oct-2012 798 + 28.9% 711 + 38.6%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 909 + 31.7% 744 + 32.4%
+8.8% +31.7% +11.1% +32.4% -1.1% +20.7% -4.6% +22.0%
Total 10,788 + 19.1% 9,546 + 20.1%
Single-Family Condominium Single-Family Condominium
Historical Closed Sales Activity Single-Family Condominium
1,800
1,600
1,400
1,200
1,000
800
600
400
200
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4

5. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 $440,000 + 1.1% $344,500 - 3.0%
$443,500 $447,500 $450,000 $451,500 $456,500 Jan-2012 $405,000 - 9.0% $349,950 - 1.7%
$423,000
Feb-2012 $391,875 + 3.4% $371,000 + 6.6%
$378,200 $380,000 $378,500
$350,500 $349,000
$360,000 Mar-2012 $411,000 - 1.3% $340,000 + 4.8%
Apr-2012 $414,850 - 3.3% $370,750 + 5.0%
May-2012 $465,000 + 1.3% $381,000 + 4.4%
Jun-2012 $500,000 - 0.2% $400,000 + 6.7%
Jul-2012 $510,000 + 2.2% $387,000 + 6.3%
Aug-2012 $489,450 - 1.9% $380,000 + 3.5%
Sep-2012 $430,000 - 4.3% $375,000 + 2.0%
Oct-2012 $429,000 + 10.0% $365,500 + 4.7%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 $447,500 + 5.8% $380,000 + 8.4%
-4.6% +5.8% -7.3% +8.4% +0.3% +1.1% +3.2% +5.1%
Median $455,000 + 1.1% $375,000 + 4.2%
Single-Family Condominium Single-Family Condominium
Historical Median Sales Price Single-Family Condominium
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5

6. Housing Affordability Index
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
128 129 130 Dec-2011 104 + 5.9% 130 + 9.9%
121 125
112 113 Jan-2012 113 + 17.4% 129 + 9.3%
108 110
102 Feb-2012 119 + 7.9% 125 + 4.9%
98 97
Mar-2012 114 + 11.5% 135 + 5.6%
Apr-2012 112 + 13.1% 124 + 4.8%
May-2012 102 + 7.2% 122 + 4.2%
Jun-2012 97 + 8.5% 118 + 1.9%
Jul-2012 96 + 7.9% 124 + 3.9%
Aug-2012 100 + 11.0% 127 + 5.5%
Sep-2012 116 + 15.2% 131 + 8.5%
Oct-2012 115 - 0.4% 133 + 4.2%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 112 + 3.7% 129 + 1.4%
+10.0% +3.7% +12.8% +1.4% +5.3% +7.8% +3.0% +4.1%
Average 108 +9.1% 127 +5.3%
Single-Family Condominium Single-Family Condominium
Historical Housing Affordability Index Single-Family Condominium
140
130
120
110
100
90
80
70
60
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6

7. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
November Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 3,657 - 2.8% 2,814 - 20.6%
4,760
4,601 4,543 Jan-2012 3,693 - 2.7% 2,973 - 19.2%
Feb-2012 4,082 + 6.4% 3,262 - 16.7%
3,594 Mar-2012 4,701 + 1.6% 3,690 - 21.3%
3,042 Apr-2012 5,043 - 5.2% 3,843 - 25.9%
May-2012 5,144 - 10.2% 3,652 - 30.1%
Jun-2012 4,814 - 15.9% 3,359 - 34.1%
2,037
Jul-2012 4,366 - 22.0% 3,076 - 34.8%
Aug-2012 3,974 - 26.0% 2,651 - 37.1%
Sep-2012 4,155 - 26.3% 2,755 - 36.3%
Oct-2012 3,784 - 30.2% 2,490 - 39.2%
2010 2011 2012 2010 2011 2012 Nov-2012 3,042 - 33.9% 2,037 - 43.3%
-3.3% -33.9% -20.9% -43.3% Average 4,205 - 15.1% 3,050 - 30.0%
Single-Family Condominium
Historical Inventory of Homes for Sale Single-Family Condominium
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7

8. 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.
November Single-Family
YoY
Change
Condominium
YoY
Change
9.0 Dec-2011 4.9 - 4.0% 4.4 - 19.4%
Jan-2012 7.0 - 13.6% 7.2 - 21.4%
7.5 Feb-2012 8.6 - 20.3% 8.5 - 25.8%
6.7 6.4 Mar-2012 7.2 - 12.7% 6.1 - 29.1%
Apr-2012 6.7 - 15.4% 5.1 - 38.1%
May-2012 5.1 - 25.4% 3.6 - 47.1%
Jun-2012 3.1 - 30.8% 2.6 - 45.2%
3.3 Jul-2012 3.4 - 37.8% 3.0 - 46.4%
2.7
Aug-2012 3.0 - 41.6% 2.2 - 49.5%
Sep-2012 5.4 - 25.2% 3.7 - 45.3%
Oct-2012 4.7 - 45.8% 3.5 - 56.1%
2010 2011 2012 2010 2011 2012 Nov-2012 3.3 - 49.8% 2.7 - 57.2%
-11.2% -49.8% -28.8% -57.2% Average 5.2 - 22.3% 4.3 - 35.0%
Single-Family Condominium
Historical Months Supply of Inventory Single-Family Condominium
14
12
10
8
6
4
2
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8

9. 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.
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 112 - 0.3% 120 + 11.8%
110 109 Jan-2012 130 + 15.0% 124 - 5.1%
105 104 104
102 102
98 Feb-2012 134 + 2.9% 123 - 9.8%
94
90
87 Mar-2012 131 - 3.1% 118 - 4.2%
74 Apr-2012 120 - 1.4% 98 - 16.9%
May-2012 96 - 6.4% 86 - 12.0%
Jun-2012 90 - 0.1% 75 - 19.5%
Jul-2012 81 - 4.5% 71 - 20.7%
Aug-2012 88 - 5.4% 76 - 18.3%
Sep-2012 89 - 12.2% 85 - 18.0%
Oct-2012 91 - 16.4% 83 - 12.3%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 90 - 18.0% 74 - 32.4%
+4.1% -18.0% +7.7% -32.4% +10.6% -5.3% +2.5% -16.7%
Total 99 - 5.0% 82 - 13.3%
Single-Family Condominium Single-Family Condominium
Historical Days on Market Until Sale Single-Family Condominium
160
140
120
100
80
60
40
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9

10. 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.
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 92.1% + 1.0% 93.0% + 0.1%
Jan-2012 90.5% - 0.4% 92.8% + 0.5%
94.0% 93.8% 96.2% 94.5% 94.0% 95.8% Feb-2012 91.2% + 0.3% 93.4% + 1.5%
92.7% 92.4% 94.6% 93.8% 93.2% 94.4%
Mar-2012 93.0% + 0.8% 94.0% + 0.9%
Apr-2012 93.5% + 0.9% 95.7% + 2.0%
May-2012 95.4% + 1.2% 96.1% + 1.0%
Jun-2012 95.3% + 0.8% 96.3% + 1.7%
Jul-2012 95.7% + 1.5% 96.6% + 1.7%
Aug-2012 94.8% + 1.5% 96.2% + 2.2%
Sep-2012 94.5% + 1.5% 96.4% + 2.4%
Oct-2012 94.3% + 2.8% 95.9% + 2.4%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 94.6% + 2.4% 96.2% + 2.6%
-0.3% +2.4% -0.2% +2.6% -0.7% +1.3% -0.5% +1.8%
Average 94.2% + 1.3% 95.6% + 1.7%
Single-Family Condominium Single-Family Condominium
Historical Percent of Original List Price Received Single-Family Condominium
99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10

11. Pending Sales
A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 570 + 5.2% 471 + 6.6%
811 10,500 Jan-2012 545 + 26.5% 484 + 18.6%
9,371 Feb-2012 652 + 23.3% 636 + 24.2%
684 666 8,591 8,612 Mar-2012 994 + 24.6% 1,013 + 32.4%
586 576 564 7,759 7,500 Apr-2012 1,154 + 21.9% 1,049 + 24.3%
May-2012 1,338 + 23.0% 1,269 + 28.7%
Jun-2012 1,272 + 13.7% 1,047 + 19.5%
Jul-2012 1,057 + 26.6% 838 + 9.7%
Aug-2012 913 + 18.1% 825 + 23.1%
Sep-2012 859 + 29.4% 720 + 39.0%
Oct-2012 905 + 21.6% 824 + 39.0%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 811 + 18.6% 666 + 18.1%
+16.7% +18.6% -2.1% +18.1% +0.2% +21.9% -3.3% +24.9%
Total 11,070 + 20.9% 9,842 + 23.9%
Single-Family Condominium Single-Family Condominium
Historical Pending Sales Activity Single-Family Condominium
1,400
1,200
1,000
800
600
400
200
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11

12. New Listings
A count of the properties that have been newly listed on the market in a given month.
November Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Dec-2011 459 + 6.0% 389 - 20.4%
746
712 Jan-2012 975 + 14.4% 958 - 1.8%
682 15,426 14,927 15,448
656 14,558 Feb-2012 1,336 + 51.3% 1,145 + 5.8%
628
13,260 Mar-2012 2,023 1,741
564 + 3.1% - 12.0%
12,194
Apr-2012 1,812 - 9.3% 1,504 - 13.1%
May-2012 1,810 - 4.1% 1,391 - 7.5%
Jun-2012 1,371 - 15.2% 1,155 - 14.1%
Jul-2012 1,036 - 13.1% 905 - 7.6%
Aug-2012 1,012 - 8.5% 792 - 7.4%
Sep-2012 1,440 - 9.4% 1,156 - 9.8%
Oct-2012 1,087 - 6.2% 883 - 2.1%
2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2012
Nov-2012 656 - 3.8% 564 - 10.2%
-8.6% -3.8% -11.8% -10.2% -3.2% -2.5% -14.2% -8.0%
Total 15,017 - 2.2% 12,583 - 8.5%
Single-Family Condominium Single-Family Condominium
Historical New Listing Activity Single-Family Condominium
2,750
2,500
2,250
2,000
1,750
1,500
1,250
1,000
750
500
250
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12

13. City of Boston – Market Overview
Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics Historical Sparklines Nov-2011 Nov-2012 +/– YTD 2011 YTD 2012 +/–
Closed Sales 327 436 + 33.3% 4,031 5,007 + 24.2%
11-2009 11-2010 11-2011 11-2012
Median Sales Price $376,750 $400,000 + 6.2% $375,000 $400,000 + 6.7%
11-2009 11-2010 11-2011 11-2012
Housing Affordability Index 108 112 + 3.7% 102 110 + 7.8%
11-2009 11-2010 11-2011 11-2012
Inventory of Homes for Sale 1,883 959 - 49.1% -- -- --
11-2009
11 2009 11-2010
11 2010 11-2011
11 2011 11-2012
11 2012
Months Supply of Inventory 5.8 2.2 - 61.8% -- -- --
11-2009 11-2010 11-2011 11-2012
Days on Market Until Sale 108 69 - 36.1% 100 82 - 17.9%
11-2009 11-2010 11-2011 11-2012
Percent of Original
93.4% 96.0% + 2.7% 93.8% 95.6% + 1.9%
List Price Received
11-2009 11-2010 11-2011 11-2012
Pending Sales 325 411 + 26.5% 4,174 5,261 + 26.0%
11-2009 11-2010 11-2011 11-2012
New Listings 347 299 - 13.8% 7,482 6,856 - 8.4%
11-2009 11-2010 11-2011 11-2012
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13