The document is a real estate sales report for The Woodlands, TX from August/September 2012 that includes the following key information: - Home sales and listing inventory numbers month-to-month from 2008 to 2012, showing general increases. - Average and median sold prices month-by-month, with the average consistently higher than the median. - Average days on market and months of inventory have remained steady from 50-80 days and 5-10 months respectively.

1. Real%Estate%Sales%Report%
The%Woodlands,%TX%|%August/September%2012 %
Homes%Sales%Month@To%Month%2008/2012%
LisDng%Inventory%Month@To@Month%2008/2012%
Average%Sold%Price%/%Median%Sold%Price%–%Month%By%Month%
Average%Price%Per%Square%Foot%–%Month%By%Month%
Average%Days%On%Market%–%Month%By%Month% 281-367-3531
Months%Supply%of%For%Sale%Inventory%–%Month%By%Month% 9000 Forest Crossing Drive
The Woodlands, TX 77381

2. The Woodlands Texas Real Estate Report
Properties Placed Under Contract - Month to Month / 2008 to 2012
400
323
325 303
275 265 267
239
250
196
175
139
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 2011 2010 2009 2008
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 139 196 275 303 323 265 267 239
2011 161 145 236 232 265 272 245 212 182 153 122 125
2010 111 166 224 269 188 177 194 175 167 167 121 126
2009 114 158 172 207 224 224 229 173 169 156 120 109
2008 179 185 201 259 273 247 214 187 117 126 109 100
Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX

3. The Woodlands Texas Real Estate Report
Unsold Listing Inventory - Month to Month / 2008 to 2012
1300
1125
950
775685 695 695 699 665 668 660 634
600
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Category Title
2012 2011 2010 2009 2008
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 685 695 695 699 665 668 660 634
2011 874 956 1001 1045 1060 990 952 951 875 854 803 746
2010 699 776 837 918 928 1001 1084 1107 1058 988 878 869
2009 762 819 831 890 931 920 973 933 863 807 783 746
2008 602 675 729 774 885 858 910 909 880 800 813 799
Better Homes And Gardens Real Estate Gary Greene - 9000 Forest Crossing, The Woodlands Texas / 281-367-3531
Data obtained from the Houston Association of Realtors Multiple Listing Service - Single Family/TheWoodlands TX

4. Sold Average vs. Median Price
2 Years (Monthly) 08/01/10 - 08/31/12
KEY INFORMATION
Average 431.81 0.12 10,363.55 2.91
Median 649.81 0.24 15,595.37 5.87
MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Single-Family: (Free Standing, Patio Home) Sq Ft: All
Sublocations: 107
1 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

5. Market Dynamics Bhgre Gary Greene
Sold Average vs. Median Price
2 Years (Monthly) 08/01/10 - 08/31/12
Time Period # Properties Sold Sold Average $ Sold Median $ Average $ - Median $ Median $ as % of Average $ Sold Avg DOM
Aug-12 221 351,549 269,500 82,049 76.7 52
Jul-12 239 384,803 310,500 74,303 80.7 56
Jun-12 304 385,135 300,500 84,635 78.0 48
May-12 275 369,610 295,950 73,660 80.1 63
Apr-12 211 360,656 265,375 95,281 73.6 68
Mar-12 190 366,555 291,000 75,555 79.4 65
Feb-12 112 341,316 283,850 57,466 83.2 76
Jan-12 97 428,281 258,000 170,281 60.2 78
Dec-11 153 374,040 293,770 80,270 78.5 80
Nov-11 131 326,620 253,000 73,620 77.5 80
Oct-11 155 304,773 229,000 75,773 75.1 72
Sep-11 179 377,317 249,000 128,317 66.0 65
Aug-11 273 393,468 272,000 121,468 69.1 77
Jul-11 248 313,247 261,511 51,736 83.5 74
Jun-11 241 357,016 285,000 72,016 79.8 69
May-11 217 370,895 299,000 71,895 80.6 71
Apr-11 179 324,962 262,000 62,962 80.6 77
Mar-11 164 402,373 267,500 134,873 66.5 85
Feb-11 114 358,029 285,495 72,534 79.7 102
Jan-11 90 364,473 272,500 91,973 74.8 90
Dec-10 151 343,298 260,000 83,298 75.7 93
Nov-10 150 300,939 235,500 65,439 78.3 76
Oct-10 138 361,357 244,450 116,907 67.6 79
Sep-10 160 364,563 281,500 83,063 77.2 79
Aug-10 189 411,728 316,000 95,728 76.8 79
2 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

6. Average $/SQFT (Sold)
2 Years (Monthly) 08/01/10 - 08/31/12
KEY INFORMATION
Sold $/SQFT 0.15 0.13 3.52 3.00
MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Single-Family: (Free Standing, Patio Home) Sq Ft: All
Sublocations: 107
1 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

7. Market Dynamics Bhgre Gary Greene
Average $/SQFT (Sold)
2 Years (Monthly) 08/01/10 - 08/31/12
FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS
Time Avg $/ Avg $/ Avg $/ Avg $/ Avg $/
Period # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT # Avg $ SQFT SQFT
Aug-12 991 566,365 3,436 165 240 361,477 2,929 123 221 351,549 2,939 120 115 514,809 3,360 153 288 401,431 2,998 134
Jul-12 1,053 550,253 3,427 161 247 347,998 2,944 118 239 384,803 3,138 123 103 464,126 3,311 140 317 424,361 3,139 135
Jun-12 1,094 555,633 3,432 162 240 392,628 3,013 130 304 385,135 3,110 124 118 582,527 3,535 165 334 447,323 3,176 141
May-12 1,148 531,426 3,399 156 288 378,998 3,070 123 275 369,610 3,077 120 100 424,689 3,241 131 356 386,925 3,075 126
Apr-12 1,151 542,907 3,431 158 281 407,922 3,159 129 211 360,656 2,989 121 78 486,251 3,265 149 371 426,104 3,137 136
Mar-12 1,118 538,265 3,431 157 256 390,933 3,090 127 190 366,555 3,091 119 82 425,618 3,165 134 373 402,097 3,100 130
Feb-12 1,006 548,062 3,456 159 180 357,360 2,973 120 112 341,316 3,058 112 81 434,910 3,240 134 252 408,795 3,113 131
Jan-12 973 561,761 3,515 160 130 393,509 3,106 127 97 428,281 3,188 134 89 529,250 3,639 145 239 435,823 3,242 134
Dec-11 968 569,782 3,521 162 123 429,833 3,147 137 153 374,040 3,064 122 111 506,728 3,390 149 158 475,897 3,304 144
Nov-11 1,039 545,023 3,463 158 114 383,961 3,031 127 131 326,620 2,861 114 115 401,303 3,173 127 176 471,711 3,057 154
Oct-11 1,122 518,512 3,424 152 142 342,737 2,900 118 155 304,773 2,816 108 117 426,024 3,162 135 209 435,346 3,210 136
Sep-11 1,197 504,032 3,382 149 163 339,424 2,849 119 179 377,317 2,995 126 121 472,869 3,421 137 268 399,884 3,095 129
Aug-11 1,271 491,223 3,322 148 197 336,942 2,821 119 273 393,468 3,102 127 145 426,269 3,087 135 264 373,906 3,023 124
Jul-11 1,381 489,111 3,312 147 233 411,770 3,104 133 248 313,247 2,884 109 141 382,171 3,017 127 318 392,700 3,037 129
Jun-11 1,460 485,774 3,308 147 250 386,328 3,048 127 241 357,016 3,004 119 147 422,215 3,128 135 358 412,887 3,157 131
May-11 1,473 480,048 3,292 146 241 373,286 3,008 124 217 370,895 3,110 119 130 428,701 3,275 131 362 385,614 3,081 125
Apr-11 1,441 483,346 3,290 147 215 358,487 2,974 121 179 324,962 2,883 113 115 451,375 3,192 141 394 434,331 3,185 136
Mar-11 1,380 474,650 3,255 146 215 388,833 3,092 126 164 402,373 3,160 127 118 390,194 2,893 135 417 418,645 3,074 136
Feb-11 1,196 481,541 3,282 147 132 370,659 3,003 123 114 358,029 3,120 115 101 460,942 3,153 146 272 389,286 3,045 128
Jan-11 1,176 482,290 3,290 146 146 407,581 3,125 130 90 364,473 2,996 122 106 354,986 2,985 119 267 370,965 2,998 124
Dec-10 1,158 487,666 3,292 148 111 370,975 3,017 123 151 343,298 3,001 114 138 401,551 2,962 136 169 512,385 3,322 154
Nov-10 1,236 467,256 3,250 144 116 359,729 2,952 122 150 300,939 2,726 110 131 440,265 3,234 136 218 376,171 2,999 125
Oct-10 1,325 454,901 3,222 141 148 340,752 2,848 120 138 361,357 3,026 119 159 357,170 3,047 117 250 387,392 3,047 127
Sep-10 1,380 457,847 3,232 141 154 403,375 3,001 132 160 364,563 3,021 118 151 422,599 3,249 130 264 377,982 3,018 125
Aug-10 1,453 450,797 3,207 140 160 378,003 3,046 124 189 411,728 3,286 126 177 353,031 2,877 123 301 355,253 2,923 122
2 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

8. Months Supply of Inventory (UC Calculation)
2 Years (Monthly) 08/01/10 - 08/31/12
KEY INFORMATION
MSI-UC -0.19 -2.57 -4.67 -61.69
MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Single-Family: (Free Standing, Patio Home) Sq Ft: All
Sublocations: 107
1 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

9. Market Dynamics Bhgre Gary Greene
Months Supply of Inventory (UC Calculation)
2 Years (Monthly) 08/01/10 - 08/31/12
Time # For Sale Last # Under
Period MSI NAR MSI Day of Month Contract # Sold
Aug-12 2.6 2.9 636 240 221
Jul-12 2.8 2.9 703 247 239
Jun-12 3.1 2.4 736 240 304
May-12 2.6 2.8 760 288 275
Apr-12 2.8 3.8 792 281 211
Mar-12 3.0 4.1 780 256 190
Feb-12 4.1 6.7 745 180 112
Jan-12 5.8 7.8 754 130 97
Dec-11 6.0 4.8 734 123 153
Nov-11 7.1 6.2 810 114 131
Oct-11 6.1 5.6 863 142 155
Sep-11 5.6 5.1 913 163 179
Aug-11 4.7 3.4 929 197 273
Jul-11 4.3 4.1 1,007 233 248
Jun-11 4.3 4.4 1,063 250 241
May-11 4.6 5.1 1,102 241 217
Apr-11 5.2 6.2 1,111 215 179
Mar-11 4.9 6.4 1,047 215 164
Feb-11 7.3 8.4 963 132 114
Jan-11 6.3 10.3 924 146 90
Dec-10 8.2 6.0 909 111 151
Nov-10 8.5 6.6 989 116 150
Oct-10 6.9 7.4 1,018 148 138
Sep-10 7.0 6.7 1,075 154 160
Aug-10 7.0 5.9 1,116 160 189
2 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

10. Average DOM for Under Contract Properties
2 Years (Monthly) 08/01/10 - 08/31/12
KEY INFORMATION
DOM -1.39 -1.55 -33.29 -37.17
MLS: HAR Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: All
Property Types: Single-Family: (Free Standing, Patio Home) Sq Ft: All
Sublocations: 107
1 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

11. Market Dynamics Bhgre Gary Greene
Average DOM for Under Contract Properties
2 Years (Monthly) 08/01/10 - 08/31/12
Time # Under
Period Contract Avg DOM Avg CDOM
Aug-12 240 50 70
Jul-12 247 49 70
Jun-12 240 57 89
May-12 288 55 92
Apr-12 281 54 81
Mar-12 256 68 113
Feb-12 180 63 92
Jan-12 130 82 144
Dec-11 123 65 114
Nov-11 114 91 130
Oct-11 142 69 94
Sep-11 163 75 113
Aug-11 197 74 108
Jul-11 233 73 102
Jun-11 250 77 119
May-11 241 64 100
Apr-11 215 73 100
Mar-11 215 75 123
Feb-11 132 77 134
Jan-11 146 102 154
Dec-10 111 102 156
Nov-10 116 89 125
Oct-10 148 72 106
Sep-10 154 83 138
Aug-10 160 80 116
2 of 2 09/03/12
Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors