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First Quarter - 2013
Market Report
Executive Summary
The seeds of a housing recovery sown last year have blossomed this
spring in both Rhode Island and across the United States. Across the state,
and in each individual county, inventory is declining while pending sales
(commitments to purchase a home at a specified price and terms, typically
closing within 60 to 90 days) are up compared to the same period last year.
This increased demand for housing has shortened the time it takes for a
property to sell. At a statewide level, and in the majority of individual
counties, Rhode Island is experiencing a decline in the average days on
market (DOM) for a new listing. The most dramatic declines for DOM
occurred in Bristol in Newport counties, compared to Q1 2012.
Additionally, the median sales price has increased statewide, with an
ncrease of 7% over Q1 2012. Kent and Bristol counties experienced the
most dramatic increases in median price. Kent county reported a 16%
increase, while Bristol county reported a 38% increase in median sales price
over the same time period last year.
In the luxury market, properties priced at $2,000,000 or higher, the supply
remains identical while pending sales have increased by almost 50% over
last year.
Rhode Island Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 1,508 1,520 .07%
AVERAGE SALE PRICE $241,325 $231,839 -4%
MEDIAN SALE PRICE $173,000 $185,000 7%
AVERAGE DOM 110 105 -5%
% SALE TO LIST PRICE 86.5% 89.1% 3%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 10,660 1,340 8 7,868 1,479 5
$250,000 - $500,000 6,157 544 11 4,969 564 9
$500,000 - $750,000 1,546 95 16 1,324 99 13
$750,000 - $1,000,000 656 29 23 598 38 16
$1,000,000 - $2,000,000 681 25 27 629 35 18
$2,000,000 - $5,000,000 353 5 71 376 9 42
$5,000,000 and up 96 0 N/A 73 0 N/A
Market Total 20,149 2,038 10 15,837 2,224 7
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$333,424 $389,114 $414,966 $422,796 $434,410 $379,631 $309,118 $329,368 $326,435 $333,754
Days on
Market
62 65 75 89 98 104 108 101 109 108
% Sale
Price to
List Price
96 96.1 95.8 95.8 93.9 93.4 92.7 92.4 92.1 92.7
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Newport County Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 117 112 -4%
AVERAGE SALE PRICE $446,068 $384,234 -14%
MEDIAN SALE PRICE $485,000 $276,250 -43%
AVERAGE DOM 204 159 -22%
% SALE TO LIST PRICE 80.9% 82.9% 2%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 569 58 10 449 57 8
$250,000 - $500,000 772 69 11 631 74 9
$500,000 - $750,000 321 19 17 283 19 15
$750,000 - $1,000,000 173 9 19 165 8 21
$1,000,000 - $2,000,000 230 8 29 187 14 13
$2,000,000 - $5,000,000 152 1 152 186 3 62
$5,000,000 and up 53 0 N/A 40 0 N/A
Market Total 2,270 164 14 1,941 175 11
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$444,350 $525,471 $562,745 $591,833 $662,348 $565,318 $448,523 $489,019 $508,967 $540,348
Days on
Market
86 89 96 106 119 123 130 129 150 151
% Sale
Price to
List Price
93.6 94.3 94.3 93.7 93.6 91.7 89.3 91.3 90.9 92.3
0
100
200
300
400
500
600
700
800
900
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Washington County Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 259 238 -8%
AVERAGE SALE PRICE $400,054 $356,925 -11%
MEDIAN SALE PRICE $280,750 $276,000 -2%
AVERAGE DOM 133 132 -.075%
% SALE TO LIST PRICE 85.9% 89% 4%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 1,104 117 9 811 127 6
$250,000 - $500,000 1,742 145 12 1,402 141 10
$500,000 - $750,000 441 27 16 359 23 16
$750,000 - $1,000,000 209 8 26 181 6 30
$1,000,000 - $2,000,000 260 9 29 270 8 34
$2,000,000 - $5,000,000 134 4 34 131 6 22
$5,000,000 and up 37 0 N/A 32 0 N/A
Market Total 3,927 310 13 3,186 311 10
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale
Price
$364,420 $414,162 $459,224 $473,068 $451,686 $436,509 $351,124 $383,789 $377,122 $415,679
Days on
Market
68 68 80 97 107 111 112 112 113 117
% Sale
Price to
List Price
95.9 95.9 95.2 98.1 89.6 92.6 92.4 92.0 91.9 92.0
0
200
400
600
800
1000
1200
1400
1600
1800
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Providence County Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 708 745 5%
AVERAGE SALE PRICE $168,837 $180,397 7%
MEDIAN SALE PRICE $148,250 $153,000 3%
AVERAGE DOM 91 94 3%
% SALE TO LIST PRICE 87.8% 89.8% 2%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 5,752 736 8 4,351 845 5
$250,000 - $500,000 1,768 151 12 1,399 157 9
$500,000 - $750,000 348 19 18 301 19 16
$750,000 - $1,000,000 110 5 22 101 14 7
$1,000,000 - $2,000,000 69 3 23 45 5 9
$2,000,000 - $5,000,000 9 0 N/A 12 0 N/A
$5,000,000 and up 3 0 N/A 3 0 N/A
Market Report 8,059 914 9 6,212 1,040 6
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$233,254 $276,027 $295,505 $296,675 $283,043 $237,389 $182,516 $210,629 $194,388 $192,094
Days on
Market
47 50 59 74 81 89 90 80 91 92
% Sale
Price to
List Price
97.5 97.2 97.1 96.5 95.6 94.6 94.3 94.7 94.5 94.4
0
1000
2000
3000
4000
5000
6000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Bristol County Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 64 69 8%
AVERAGE SALE PRICE $331,895 $364,259 10%
MEDIAN SALE PRICE $235,000 $325,000 38%
AVERAGE DOM 129 105 -19%
% SALE TO LIST PRICE 88.1% 89.4% 1%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 554 81 7 315 52 6
$250,000 - $500,000 870 96 9 706 91 8
$500,000 - $750,000 239 11 22 188 15 13
$750,000 - $1,000,000 83 6 14 72 3 24
$1,000,000 - $2,000,000 74 4 19 85 4 21
$2,000,000 - $5,000,000 35 0 N/A 31 0 N/A
$5,000,000 and up 3 0 N/A 0 0 N/A
Market Total 1,858 198 9 1,397 165 8
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$384,574 $445,163 $465,290 $452,418 $486,501 $418,182 $362,096 $350,232 $352,537 $325,240
Days on
Market
63 70 88 96 106 110 121 105 108 104
% Sale
Price to
List Price
95.4 95.5 95 94.7 94.6 93.7 92.7 89.3 88.8 89.8
0
50
100
150
200
250
300
350
400
450
500
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Kent County Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 360 356 -1%
AVERAGE SALE PRICE $181,663 $211,924 17%
MEDIAN SALE PRICE $150,500 $175,000 16%
AVERAGE DOM 92 99 8%
% SALE TO LIST PRICE 88.7% 91.1% 3%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 2,591 342 8 1,799 381 5
$250,000 - $500,000 882 72 12 706 91 8
$500,000 - $750,000 153 15 10 178 20 9
$750,000 - $1,000,000 70 0 N/A 72 7 10
$1,000,000 - $2,000,000 40 1 40 39 3 13
$2,000,000 - $5,000,000 7 0 N/A 13 0 N/A
$5,000,000 and up 0 0 N/A 0 0 N/A
Market Total 3,743 430 9 2,807 502 6
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale
Price
$240,522 $284,748 $292,064 $299,988 $288,473 $240,757 $201,329 $213,170 $199,162 $195,407
Days on
Market
46 49 54 70 76 85 85 77 85 78
% Sale
Price to
List Price
97.6 97.6 97.6 96.3 96.2 94.8 95.0 94.9 94.4 95.2
0
500
1000
1500
2000
2500
3000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Newport Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 32 19 -41%
AVERAGE SALE PRICE $479,484 $282,500 -41%
MEDIAN SALE PRICE $355,000 $500,000 41%
AVERAGE DOM 192 129 -33%
% SALE TO LIST PRICE 80.9% 86.2% 7%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 47 11 4 56 8 7
$250,000 - $500,000 164 17 10 105 23 5
$500,000 - $750,000 59 7 8 62 5 12
$750,000 - $1,000,000 35 3 12 33 1 33
$1,000,000 - $2,000,000 57 4 14 51 6 9
$2,000,000 - $5,000,000 53 0 N/A 30 0 N/A
$5,000,000 and up 18 0 N/A 17 0 N/A
Market Total 433 42 10 354 43 8
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$487,683 $702,122 $716,878 $703,720 $724090 $648,709 $566,218 $658,372 $570,117 $835,059
Days on
Market
96 105 101 123 113 143 143 133 160 162
% Sale
Price to
List Price
92.4 93.0 92.6 93.8 92.9 90.2 84.7 88.9 91.0 94.5
0
50
100
150
200
250
300
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Narragansett Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 43 37 -14%
AVERAGE SALE PRICE $417,923 $434,597 4%
MEDIAN SALE PRICE $355,000 $350,000 1%
AVERAGE DOM 130 142 9%
% SALE TO LIST PRICE 87.3.% 86.8% -.6%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 53 8 7 39 9 4
$250,000 - $500,000 274 32 9 191 22 9
$500,000 - $750,000 120 9 13 56 8 7
$750,000 - $1,000,000 34 2 17 27 0 N/A
$1,000,000 - $2,000,000 58 2 29 41 3 14
$2,000,000 - $5,000,000 50 0 N/A 37 3 12
$5,000,000 and up 6 0 N/A 4 0 N/A
Market Total 595 53 11 395 45 9
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$450,507 $504,075 $578,643 $574,506 $491,788 $533,271 $391,910 $533,508 $477,349 $529,761
Days on
Market
82 71 79 114 123 125 124 135 139 141
% Sale
Price to
List Price
93.5 95.4 95.4 92.2 93.1 91.3 92.3 92.2 91.0 88.2
0
50
100
150
200
250
300
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
East Side of Providence Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 19 22 16%
AVERAGE SALE PRICE $456,403 $527,841 16%
MEDIAN SALE PRICE $312,000 $430,000 38%
AVERAGE DOM 132 84 -36%
% SALE TO LIST PRICE 85.4% 88.1% 3%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 48 8 6 30 4 8
$250,000 - $500,000 92 18 5 81 14 6
$500,000 - $750,000 76 11 7 62 12 5
$750,000 - $1,000,000 40 4 10 35 12 3
$1,000,000 - $2,000,000 35 3 12 24 3 8
$2,000,000 - $5,000,000 9 0 N/A 3 0 N/A
$5,000,000 and up 3 0 N/A 1 0 N/A
Market Total 303 44 7 236 45 5
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$453,980 $540,210 $578,834 $600,197 $575,976 $592,702 $506,981 $507,147 $480,436 $521,866
Days on
Market
63 57 64 70 67 83 82 79 85 102
% Sale
Price to
List Price
95.9 94.4 95.6 95.3 94.5 95.5 93.5 94.5 94.1 93.4
0
50
100
150
200
250
$0.00
$100,000.00
$200,000.00
$300,000.00
$400,000.00
$500,000.00
$600,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Jamestown Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 12 8 -33%
AVERAGE SALE PRICE $549,325 $542,826 -1%
MEDIAN SALE PRICE $430,000 $499,500 16%
AVERAGE DOM 216 111 -49%
% SALE TO LIST PRICE 79.2% 90.1% 14%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 7 1 7 0 0 N/A
$250,000 - $500,000 55 7 8 67 8 8
$500,000 - $750,000 41 4 10 29 5 6
$750,000 - $1,000,000 34 3 11 35 2 18
$1,000,000 - $2,000,000 34 2 17 20 3 7
$2,000,000 - $5,000,000 41 0 N/A 51 1 51
$5,000,000 and up 12 0 N/A 12 0 N/A
Market Total 224 17 13 214 19 11
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$547,260 $600,400 $844,450 $820,028 $1,051,125 $1,114,325 $863,452 $751,075 $733,908 $669,222
Days on
Market
74 110 109 126 140 125 159 148 196 197
% Sale
Price to
List Price
93.4 94.0 94.0 92.9 92.8 94.2 91.9 92.0 91.3 91.8
0
10
20
30
40
50
60
70
80
$0.00
$100,000.00
$200,000.00
$300,000.00
$400,000.00
$500,000.00
$600,000.00
$700,000.00
$800,000.00
$900,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
Westerly Single-Family Homes – Q1 2012 v Q1 2013
OVERVIEW % CHANGE
Q1 2012 Q1 2013
HOMES SOLD 40 37 -8%
AVERAGE SALE PRICE $642,212 $296,236 -53%
MEDIAN SALE PRICE $282,500 $212,500 -25%
AVERAGE DOM 123 126 2%
% SALE TO LIST PRICE 83.3% 86.4% 4%
SUPPLY/DEMAND SNAPSHOT
Q1 2012 Q1 2013
SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*
PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings
$0 - $250,000 195 14 14 118 20 6
$250,000 - $500,000 337 22 15 287 19 15
$500,000 - $750,000 56 1 56 80 3 27
$750,000 - $1,000,000 61 0 N/A 41 0 N/A
$1,000,000 - $2,000,000 64 3 21 77 2 39
$2,000,000 - $5,000,000 42 2 21 42 3 14
$5,000,000 and up 18 0 N/A 21 0 N/A
Market Total 773 42 18 666 47 14
*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand
Ten Year Market History
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Average
Sale Price
$361,890 $422,991 $480,102 $580,597 $543,149 $511,132 $422,925 $391,002 $468,075 $584,259
Days on
Market
61 69 93 109 124 128 134 124 120 147
% Sale
Price to
List Price
94.7 93.7 93.1 92.3 91.4 91.9 89.1 88.7 88.8 91.4
0
50
100
150
200
250
300
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Median Sale Price
# Of Homes Sold
This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in
any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from
Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

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Q1 2013 market report

  • 1. First Quarter - 2013 Market Report Executive Summary The seeds of a housing recovery sown last year have blossomed this spring in both Rhode Island and across the United States. Across the state, and in each individual county, inventory is declining while pending sales (commitments to purchase a home at a specified price and terms, typically closing within 60 to 90 days) are up compared to the same period last year. This increased demand for housing has shortened the time it takes for a property to sell. At a statewide level, and in the majority of individual counties, Rhode Island is experiencing a decline in the average days on market (DOM) for a new listing. The most dramatic declines for DOM occurred in Bristol in Newport counties, compared to Q1 2012. Additionally, the median sales price has increased statewide, with an ncrease of 7% over Q1 2012. Kent and Bristol counties experienced the most dramatic increases in median price. Kent county reported a 16% increase, while Bristol county reported a 38% increase in median sales price over the same time period last year. In the luxury market, properties priced at $2,000,000 or higher, the supply remains identical while pending sales have increased by almost 50% over last year.
  • 2. Rhode Island Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 1,508 1,520 .07% AVERAGE SALE PRICE $241,325 $231,839 -4% MEDIAN SALE PRICE $173,000 $185,000 7% AVERAGE DOM 110 105 -5% % SALE TO LIST PRICE 86.5% 89.1% 3% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 10,660 1,340 8 7,868 1,479 5 $250,000 - $500,000 6,157 544 11 4,969 564 9 $500,000 - $750,000 1,546 95 16 1,324 99 13 $750,000 - $1,000,000 656 29 23 598 38 16 $1,000,000 - $2,000,000 681 25 27 629 35 18 $2,000,000 - $5,000,000 353 5 71 376 9 42 $5,000,000 and up 96 0 N/A 73 0 N/A Market Total 20,149 2,038 10 15,837 2,224 7 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $333,424 $389,114 $414,966 $422,796 $434,410 $379,631 $309,118 $329,368 $326,435 $333,754 Days on Market 62 65 75 89 98 104 108 101 109 108 % Sale Price to List Price 96 96.1 95.8 95.8 93.9 93.4 92.7 92.4 92.1 92.7 This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 3. Newport County Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 117 112 -4% AVERAGE SALE PRICE $446,068 $384,234 -14% MEDIAN SALE PRICE $485,000 $276,250 -43% AVERAGE DOM 204 159 -22% % SALE TO LIST PRICE 80.9% 82.9% 2% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 569 58 10 449 57 8 $250,000 - $500,000 772 69 11 631 74 9 $500,000 - $750,000 321 19 17 283 19 15 $750,000 - $1,000,000 173 9 19 165 8 21 $1,000,000 - $2,000,000 230 8 29 187 14 13 $2,000,000 - $5,000,000 152 1 152 186 3 62 $5,000,000 and up 53 0 N/A 40 0 N/A Market Total 2,270 164 14 1,941 175 11 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $444,350 $525,471 $562,745 $591,833 $662,348 $565,318 $448,523 $489,019 $508,967 $540,348 Days on Market 86 89 96 106 119 123 130 129 150 151 % Sale Price to List Price 93.6 94.3 94.3 93.7 93.6 91.7 89.3 91.3 90.9 92.3 0 100 200 300 400 500 600 700 800 900 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 4. Washington County Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 259 238 -8% AVERAGE SALE PRICE $400,054 $356,925 -11% MEDIAN SALE PRICE $280,750 $276,000 -2% AVERAGE DOM 133 132 -.075% % SALE TO LIST PRICE 85.9% 89% 4% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 1,104 117 9 811 127 6 $250,000 - $500,000 1,742 145 12 1,402 141 10 $500,000 - $750,000 441 27 16 359 23 16 $750,000 - $1,000,000 209 8 26 181 6 30 $1,000,000 - $2,000,000 260 9 29 270 8 34 $2,000,000 - $5,000,000 134 4 34 131 6 22 $5,000,000 and up 37 0 N/A 32 0 N/A Market Total 3,927 310 13 3,186 311 10 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $364,420 $414,162 $459,224 $473,068 $451,686 $436,509 $351,124 $383,789 $377,122 $415,679 Days on Market 68 68 80 97 107 111 112 112 113 117 % Sale Price to List Price 95.9 95.9 95.2 98.1 89.6 92.6 92.4 92.0 91.9 92.0 0 200 400 600 800 1000 1200 1400 1600 1800 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 5. Providence County Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 708 745 5% AVERAGE SALE PRICE $168,837 $180,397 7% MEDIAN SALE PRICE $148,250 $153,000 3% AVERAGE DOM 91 94 3% % SALE TO LIST PRICE 87.8% 89.8% 2% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 5,752 736 8 4,351 845 5 $250,000 - $500,000 1,768 151 12 1,399 157 9 $500,000 - $750,000 348 19 18 301 19 16 $750,000 - $1,000,000 110 5 22 101 14 7 $1,000,000 - $2,000,000 69 3 23 45 5 9 $2,000,000 - $5,000,000 9 0 N/A 12 0 N/A $5,000,000 and up 3 0 N/A 3 0 N/A Market Report 8,059 914 9 6,212 1,040 6 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $233,254 $276,027 $295,505 $296,675 $283,043 $237,389 $182,516 $210,629 $194,388 $192,094 Days on Market 47 50 59 74 81 89 90 80 91 92 % Sale Price to List Price 97.5 97.2 97.1 96.5 95.6 94.6 94.3 94.7 94.5 94.4 0 1000 2000 3000 4000 5000 6000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 6. Bristol County Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 64 69 8% AVERAGE SALE PRICE $331,895 $364,259 10% MEDIAN SALE PRICE $235,000 $325,000 38% AVERAGE DOM 129 105 -19% % SALE TO LIST PRICE 88.1% 89.4% 1% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 554 81 7 315 52 6 $250,000 - $500,000 870 96 9 706 91 8 $500,000 - $750,000 239 11 22 188 15 13 $750,000 - $1,000,000 83 6 14 72 3 24 $1,000,000 - $2,000,000 74 4 19 85 4 21 $2,000,000 - $5,000,000 35 0 N/A 31 0 N/A $5,000,000 and up 3 0 N/A 0 0 N/A Market Total 1,858 198 9 1,397 165 8 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $384,574 $445,163 $465,290 $452,418 $486,501 $418,182 $362,096 $350,232 $352,537 $325,240 Days on Market 63 70 88 96 106 110 121 105 108 104 % Sale Price to List Price 95.4 95.5 95 94.7 94.6 93.7 92.7 89.3 88.8 89.8 0 50 100 150 200 250 300 350 400 450 500 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 7. Kent County Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 360 356 -1% AVERAGE SALE PRICE $181,663 $211,924 17% MEDIAN SALE PRICE $150,500 $175,000 16% AVERAGE DOM 92 99 8% % SALE TO LIST PRICE 88.7% 91.1% 3% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 2,591 342 8 1,799 381 5 $250,000 - $500,000 882 72 12 706 91 8 $500,000 - $750,000 153 15 10 178 20 9 $750,000 - $1,000,000 70 0 N/A 72 7 10 $1,000,000 - $2,000,000 40 1 40 39 3 13 $2,000,000 - $5,000,000 7 0 N/A 13 0 N/A $5,000,000 and up 0 0 N/A 0 0 N/A Market Total 3,743 430 9 2,807 502 6 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $240,522 $284,748 $292,064 $299,988 $288,473 $240,757 $201,329 $213,170 $199,162 $195,407 Days on Market 46 49 54 70 76 85 85 77 85 78 % Sale Price to List Price 97.6 97.6 97.6 96.3 96.2 94.8 95.0 94.9 94.4 95.2 0 500 1000 1500 2000 2500 3000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 8. Newport Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 32 19 -41% AVERAGE SALE PRICE $479,484 $282,500 -41% MEDIAN SALE PRICE $355,000 $500,000 41% AVERAGE DOM 192 129 -33% % SALE TO LIST PRICE 80.9% 86.2% 7% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 47 11 4 56 8 7 $250,000 - $500,000 164 17 10 105 23 5 $500,000 - $750,000 59 7 8 62 5 12 $750,000 - $1,000,000 35 3 12 33 1 33 $1,000,000 - $2,000,000 57 4 14 51 6 9 $2,000,000 - $5,000,000 53 0 N/A 30 0 N/A $5,000,000 and up 18 0 N/A 17 0 N/A Market Total 433 42 10 354 43 8 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $487,683 $702,122 $716,878 $703,720 $724090 $648,709 $566,218 $658,372 $570,117 $835,059 Days on Market 96 105 101 123 113 143 143 133 160 162 % Sale Price to List Price 92.4 93.0 92.6 93.8 92.9 90.2 84.7 88.9 91.0 94.5 0 50 100 150 200 250 300 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 9. Narragansett Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 43 37 -14% AVERAGE SALE PRICE $417,923 $434,597 4% MEDIAN SALE PRICE $355,000 $350,000 1% AVERAGE DOM 130 142 9% % SALE TO LIST PRICE 87.3.% 86.8% -.6% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 53 8 7 39 9 4 $250,000 - $500,000 274 32 9 191 22 9 $500,000 - $750,000 120 9 13 56 8 7 $750,000 - $1,000,000 34 2 17 27 0 N/A $1,000,000 - $2,000,000 58 2 29 41 3 14 $2,000,000 - $5,000,000 50 0 N/A 37 3 12 $5,000,000 and up 6 0 N/A 4 0 N/A Market Total 595 53 11 395 45 9 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $450,507 $504,075 $578,643 $574,506 $491,788 $533,271 $391,910 $533,508 $477,349 $529,761 Days on Market 82 71 79 114 123 125 124 135 139 141 % Sale Price to List Price 93.5 95.4 95.4 92.2 93.1 91.3 92.3 92.2 91.0 88.2 0 50 100 150 200 250 300 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 10. East Side of Providence Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 19 22 16% AVERAGE SALE PRICE $456,403 $527,841 16% MEDIAN SALE PRICE $312,000 $430,000 38% AVERAGE DOM 132 84 -36% % SALE TO LIST PRICE 85.4% 88.1% 3% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 48 8 6 30 4 8 $250,000 - $500,000 92 18 5 81 14 6 $500,000 - $750,000 76 11 7 62 12 5 $750,000 - $1,000,000 40 4 10 35 12 3 $1,000,000 - $2,000,000 35 3 12 24 3 8 $2,000,000 - $5,000,000 9 0 N/A 3 0 N/A $5,000,000 and up 3 0 N/A 1 0 N/A Market Total 303 44 7 236 45 5 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $453,980 $540,210 $578,834 $600,197 $575,976 $592,702 $506,981 $507,147 $480,436 $521,866 Days on Market 63 57 64 70 67 83 82 79 85 102 % Sale Price to List Price 95.9 94.4 95.6 95.3 94.5 95.5 93.5 94.5 94.1 93.4 0 50 100 150 200 250 $0.00 $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 11. Jamestown Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 12 8 -33% AVERAGE SALE PRICE $549,325 $542,826 -1% MEDIAN SALE PRICE $430,000 $499,500 16% AVERAGE DOM 216 111 -49% % SALE TO LIST PRICE 79.2% 90.1% 14% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 7 1 7 0 0 N/A $250,000 - $500,000 55 7 8 67 8 8 $500,000 - $750,000 41 4 10 29 5 6 $750,000 - $1,000,000 34 3 11 35 2 18 $1,000,000 - $2,000,000 34 2 17 20 3 7 $2,000,000 - $5,000,000 41 0 N/A 51 1 51 $5,000,000 and up 12 0 N/A 12 0 N/A Market Total 224 17 13 214 19 11 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $547,260 $600,400 $844,450 $820,028 $1,051,125 $1,114,325 $863,452 $751,075 $733,908 $669,222 Days on Market 74 110 109 126 140 125 159 148 196 197 % Sale Price to List Price 93.4 94.0 94.0 92.9 92.8 94.2 91.9 92.0 91.3 91.8 0 10 20 30 40 50 60 70 80 $0.00 $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00 $800,000.00 $900,000.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).
  • 12. Westerly Single-Family Homes – Q1 2012 v Q1 2013 OVERVIEW % CHANGE Q1 2012 Q1 2013 HOMES SOLD 40 37 -8% AVERAGE SALE PRICE $642,212 $296,236 -53% MEDIAN SALE PRICE $282,500 $212,500 -25% AVERAGE DOM 123 126 2% % SALE TO LIST PRICE 83.3% 86.4% 4% SUPPLY/DEMAND SNAPSHOT Q1 2012 Q1 2013 SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO* PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 195 14 14 118 20 6 $250,000 - $500,000 337 22 15 287 19 15 $500,000 - $750,000 56 1 56 80 3 27 $750,000 - $1,000,000 61 0 N/A 41 0 N/A $1,000,000 - $2,000,000 64 3 21 77 2 39 $2,000,000 - $5,000,000 42 2 21 42 3 14 $5,000,000 and up 18 0 N/A 21 0 N/A Market Total 773 42 18 666 47 14 *Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand Ten Year Market History 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average Sale Price $361,890 $422,991 $480,102 $580,597 $543,149 $511,132 $422,925 $391,002 $468,075 $584,259 Days on Market 61 69 93 109 124 128 134 124 120 147 % Sale Price to List Price 94.7 93.7 93.1 92.3 91.4 91.9 89.1 88.7 88.8 91.4 0 50 100 150 200 250 300 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Median Sale Price # Of Homes Sold This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).