Market Indicators for Maryland - May 2009

New Listings A Monthly Indicator from MRIS, Inc. May 27,598 Year to Date 119,261 22,190 18,106 108,119 85,076 One Year Change: One Year Change: - 18.4% Two Year Change: - 21.3% Two Year Change: -34.4% -28.7% 2007 2008 2009 2007 2008 2009 Historical Market Activity 35,000 30,000 New Listings Pending Sales Closed Sales 25,000 20,000 15,000 10,000 5,000 0 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 All data from MRIS, Inc.. Reports are created and maintained by 10K Research and Marketing. Data current as of 6/12/2009. This report may be reproduced by MRIS members. 2 Pending Sales A Monthly Indicator from MRIS, Inc. April May 11,586 11,586 9,916 9,916 12,916 12,916 January through April Year to Date 55,216 55,216 50,828 43,699 43,699 50,828 One Year Change: One Year Change: + 30.3% Two Year Change: + 16.3% Two Year Change: 11.5% 2007 2007 2008 2008 2009 2009 2007 2007 2008 2008 2009 -7.9% 2009 Historical Market Activity 35,000 30,000 New Listings Pending Sales Closed Sales 25,000 20,000 15,000 10,000 5,000 0 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 All data from MRIS, Inc.. Reports are created and maintained by 10K Research and Marketing. Data current as of 6/12/2009. This report may be reproduced by MRIS members. 3 Closed Sales A Monthly Indicator from MRIS, Inc. AprilMay 11,263 11,263 9,306 9,306 49,621 49,621 36,694 36,694 January through April Year to Date 8,909 8,909 36,081 36,081 One Year Change: One Year Change: - 4.3% Two Year Change: - 1.7% Two Year Change: - 20.9% 2007 2008 2009 2007 2008 2009 2007 2007 2008 2008 - 27.3% 2009 2009 Historical Market Activity 35,000 30,000 New Listings Pending Sales Closed Sales 25,000 20,000 15,000 10,000 5,000 0 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 All data from MRIS, Inc.. Reports are created and maintained by 10K Research and Marketing. Data current as of 6/12/2009. This report may be reproduced by MRIS members. 4 Days on Market Until Sale A Monthly Indicator from MRIS, Inc. April May 112 112 108 January through April Year to Date 119 119 95 95 116 116 87 87 One Year Change: One Year Change: - 3.9% Two Year Change: - 2.6% Two Year Change: + 24.6% 2007 2007 2008 2008 2009 2009 2007 2007 2008 2008 + 22.3% 2009 2009 Historical Days on Market Until Sale 140 120 100 80 60 40 20 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 All data from MRIS, Inc.. Reports are created and maintained by 10K Research and Marketing. Data current as of 6/12/2009. This report may be reproduced by MRIS members. 5 Market Overview A Monthly Indicator from MRIS, Inc. 5-Year Year-toDate Average 59,563 84,160 108,877 32,306 45,555 59,015 26,666 37,692 49,950 88 86 84 $307,820 $309,925 $313,000 $364,536 $367,009 $371,149 -90.1% 90.5% 90.9% -- May 2009 New Listings Mar Apr May Pending Sales Mar Apr May Closed Sales Mar Apr May Days on Market Until Sale Mar Apr May Median Sales Price Mar Apr May Average Sales Price Mar Apr May Inventory of Homes for Sale Mar Apr May Percent of Original List Price Mar Apr May Housing Affordability Index Mar Apr May Months Supply of Inventory Mar Apr May 2009 2008 Percent Change - 17.2% - 22.7% - 18.4% + 20.0% + 19.3% + 30.3% + 0.4% - 2.0% - 4.3% - 0.6% - 8.2% - 3.9% - 16.7% - 16.9% - 12.9% - 14.2% - 15.9% - 12.1% - 18.4% - 23.8% - 27.7% - 1.8% - 0.9% - 0.3% + 28.9% + 19.2% + 5.7% - 15.6% - 24.8% - 30.7% 5-Year Average 23,412 24,596 24,718 12,454 13,249 13,460 10,687 11,026 12,259 86 82 78 $310,000 $313,200 $322,352 $367,450 $372,765 $383,680 -95.2% 95.5% 95.8% 119 115 109 -- 2009 Year-toDate 48,559 66,970 85,076 25,618 37,912 50,828 18,877 27,172 36,081 123 119 116 $250,000 $250,000 $255,000 $304,940 $307,179 $312,460 -95.2% 95.5% 95.8% 155 152 145 -- 2008 Year-toDate 62,119 85,929 108,119 23,479 33,783 43,699 18,924 27,388 36,694 122 122 119 $300,000 $300,000 $304,000 $365,464 $367,279 $368,956 -91.7% 91.8% 91.9% 122 121 120 -- Percent Change - 21.8% - 22.1% - 21.3% + 9.1% + 12.2% + 16.3% - 0.2% - 0.8% - 1.7% + 0.2% - 2.3% - 2.6% - 16.7% - 16.7% - 16.1% - 16.6% - 16.4% - 15.3% -+ 3.8% + 4.1% + 4.2% + 27.7% + 25.1% + 20.5% -- 18,293 18,411 18,106 10,504 12,294 12,916 7,583 8,295 8,909 120 111 108 $250,000 $250,000 $270,000 $309,171 $312,275 $328,565 67,985 66,348 63,776 90.3% 91.2% 92.1% 157 144 123 8.1 7.7 7.3 22,086 23,810 22,190 8,755 10,304 9,916 7,555 8,464 9,306 121 121 112 $300,000 $301,000 $310,000 $360,497 $371,338 $373,889 83,363 87,016 88,158 92.0% 92.0% 92.4% 122 121 116 9.6 10.3 10.5 -- All data from MRIS, Inc.. Reports are created and maintained by 10K Research and Marketing. Data current as of 6/12/2009. This report may be reproduced by MRIS members. 12