Publish Date: August 2, 2010

Weekly Activity

For the week ending July 24, New Listings in the MRIS region New Listings ......... 2
were up a slight 1.6 percent over last year with 3,884 new
properties coming onto the market.
Pending Sales ......... 3
Pending Sales were up 2.9 percent to arrive at 2,470
purchase agreements signed. For those sellers still waiting to
Active Listings ......... 4
get an offer, they can anticipate receiving 94.7 percent of
their original list price and a market time of 73 days.
Most Recent Month
The drop in year-over-year inventory continued last week,
down 6.2 percent to 63,214 Active Listings for Sale. This
downward trend has helped keep the Months Supply of Days on Market Until Sale ......... 5
Inventory balanced with demand at 6.4 months; however, it
has been creeping up slowly over the past few months.
Percent of Original List Price Received at Sale ......... 6

Housing Affordability Index ......... 7

Months Supply of Inventory ......... 8

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 1
 New Listings
As of August 2, 2010

Last Three Months Weekly New Listings

5,000
For the week Current One Year One Year
Current Activity ending: Activity Ago Change
One Year Ago
5/1/2010 4,684 4,465 + 4.9%
5/8/2010 4,048 4,301 - 5.9%
4,500
5/15/2010 4,170 4,354 - 4.2%
5/22/2010 4,027 4,173 - 3.5%
5/29/2010 3,859 3,716 + 3.8%
6/5/2010 3,910 4,334 - 9.8%
4,000
6/12/2010 4,277 4,271 + 0.1%
6/19/2010 4,147 3,909 + 6.1%
6/26/2010 4,149 3,939 + 5.3%
7/3/2010 3,890 3,635 + 7.0%
3,500
7/10/2010 3,966 4,141 - 4.2%
7/17/2010 4,079 4,114 - 0.9%
7/24/2010 3,884 3,822 + 1.6%
3-Month Total: 53,090 53,174 - 0.2%
3,000
5/1/10 5/8/10 5/15/10 5/22/10 5/29/10 6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10
Compared to Last Year: Even

Historical New Listings Compared to 2003: Down (-)

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 2
 Pending Sales
As of August 2, 2010

Last Three Months Weekly Pending Sales

5,000

Current Activity
For the week Current One Year One Year
ending: Activity Ago Change
4,500 One Year Ago
5/1/2010 4,530 2,614 + 73.3%
5/8/2010 1,814 2,697 - 32.7%
4,000
5/15/2010 1,991 2,537 - 21.5%
5/22/2010 2,154 2,602 - 17.2%
3,500 5/29/2010 2,194 2,208 - 0.6%
6/5/2010 1,936 2,750 - 29.6%
6/12/2010 2,469 2,438 + 1.3%
3,000
6/19/2010 2,333 2,510 - 7.1%
6/26/2010 2,351 2,337 + 0.6%
2,500 7/3/2010 2,524 2,346 + 7.6%
7/10/2010 1,956 2,251 - 13.1%
2,000 7/17/2010 2,402 2,478 - 3.1%
7/24/2010 2,470 2,400 + 2.9%
3-Month Total: 31,124 32,168 - 3.2%
1,500
5/1/10 5/8/10 5/15/10 5/22/10 5/29/10 6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10

Compared to Last Year: Down (-)

Historical Pending Sales Compared to 2003: Down (-)
5,000

4,000

3,000

2,000

1,000

0
1/4/03 5/4/03 9/1/03 12/30/03 4/28/04 8/26/04 12/24/04 4/23/05 8/21/05 12/19/05 4/18/06 8/16/06 12/14/06 4/13/07 8/11/07 12/9/07 4/7/08 8/5/08 12/3/08 4/2/09 7/31/09 11/28/09 3/28/10

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of August 2, 2010

Last Three Months Weekly Inventory for Sale

75,000
Current One Year One Year
Current Inventory Inventory as of:
Inventory Ago Change
72,500
One Year Ago
4/24/2010 64,798 69,705 - 7.0%
5/1/2010 63,087 69,165 - 8.8%
70,000
5/8/2010 63,705 69,077 - 7.8%
5/15/2010 64,347 69,334 - 7.2%
67,500
5/22/2010 64,763 69,412 - 6.7%
5/29/2010 64,405 68,610 - 6.1%
65,000
6/5/2010 64,674 68,707 - 5.9%
6/12/2010 64,836 68,802 - 5.8%
62,500
6/19/2010 64,883 68,789 - 5.7%
6/26/2010 65,067 68,999 - 5.7%
60,000
7/3/2010 63,988 67,563 - 5.3%
7/10/2010 64,114 67,554 - 5.1%
57,500
7/17/2010 63,696 67,560 - 5.7%
7/24/2010 63,214 67,412 - 6.2%
55,000
3 Month Avg:
3-Month 64 214
64,214 68 537
68,537 - 6.3%
6 3%
4/24/10 5/1/10 5/8/10 5/15/10 5/22/10 5/29/10 6/5/10 6/12/10 6/19/10 6/26/10 7/3/10 7/10/10 7/17/10 7/24/10

Compared to Last Year: Down (-)

Historical Weekly Inventory for Sale Compared to 2003: Down (-)
90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000
1/11/03 5/11/03 9/8/03 1/6/04 5/5/04 9/2/04 12/31/04 4/30/05 8/28/05 12/26/05 4/25/06 8/23/06 12/21/06 4/20/07 8/18/07 12/16/07 4/14/08 8/12/08 12/10/08 4/9/09 8/7/09 12/5/09 4/4/10

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
June 2010 — 73

Current One Year One Year

Month
Year Previous Change
106
100 7-2009 95 107 - 11.4%
8-2009 92 109 - 15.2%
9-2009 91 112 - 18.7%
10-2009 90 115 - 21.7%
73
11-2009 85 111 - 24.1%
12-2009 86 112 - 23.6%
1-2010 86 124 - 30.4%
2-2010 87 123 - 29.1%
3-2010 86 119 - 28.0%
- 5.6% - 26.9% 4-2010 78 110 - 29.0%
5-2010 75 108 - 30.7%
6-2010 73 100 - 26.9%
12-Month Avg: 85 113 - 24.2%

6-2008 6-2009 6-2010

Compared to Last Year: Down (-)
Historical Days on Market Until Sale Compared to 2003: Up (+)
140

120

100

80

60

40

20

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

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Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
June 2010 — 94.7%
Does not account for list prices from any previous
100%
listing contracts or seller concessions. Current One Year One Year
Month
98% Year Previous Change
7-2009 93.4% 92.5% + 0.9%
96%
94.7% 8-2009 93.8% 92.4% + 1.5%
94%
92.7% 92.9% 9-2009 94.1% 92.4% + 1.9%
92% 10-2009 94.1% 91.9% + 2.5%
11-2009 94.4% 91.0% + 3.7%
90%
12-2009 93.9% 90.9% + 3.3%
88% 1-2010 93.6% 90.2% + 3.8%
2-2010 93.9% 90.0% + 4.3%
86%
3-2010 94.1% 90.4% + 4.0%
84%
+ 0.1% + 1.9% 4-2010 94.6% 91.3% + 3.7%
82% 5-2010 94.8% 92.2% + 2.8%
6-2010 94.7% 92.9% + 1.9%
80%
12-Month Avg: 94.1% 91.5% + 2.9%
6-2008 6-2009 6-2010
Compared to Last Year: Up (+)
Historical Percent of Original List Price Received at Sale Compared to 2003: Down (-)
105%

100%

95%

90%

85%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

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Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
June 2010 — 131

131 131 Current One Year One Year

Month
Year Previous Change
113 7-2009 131 115 + 13.5%
8-2009 134 121 + 11.0%
9-2009 141 132 + 7.0%
10-2009 144 128 + 12.8%
11-2009 147 143 + 3.1%
12-2009 144 146 - 1.4%
1-2010 152 152 + 0.2%
2-2010 149 155 - 4.4%
3-2010 149 146 + 2.2%
+ 20.0% + 0.3% 4-2010 143 146 - 2.1%
5-2010 138 136 + 1.4%
6-2010 131 131 + 0.3%
6-2008 6-2009 6-2010 12-Month Avg: 142 138 + 3.2%
The Housing Affordability Index measures housing affordability for the MRIS service
region. The higher the number, the more affordable our housing is. Compared to Last Year: Even
Historical Housing Affordability Index An HAI of 120 would mean that the median household income was 120% of the
necessary income to qualify for the median priced home under prevailing interest rates. Compared to 2003: Up (+)
160

150

140

130

120

110

100

90

80

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
June 2010 — 6.4 Months

Current One Year One Year

Month
10.6 Year Previous Change
7-2009 7.7 10.6 - 27.6%
8-2009 7.5 10.5 - 28.9%
7.9 9-2009 7.3 10.2 - 28.7%
10-2009 7.1 9.8 - 27.6%
6.4
11-2009 6.7 9.5 - 29.6%
12-2009 6.4 9.1 - 30.0%
1-2010 5.9 8.2 - 29.1%
2-2010 5.9 8.2 - 28.1%
3-2010 5.8 8.2 - 28.5%
- 25.4% - 18.7% 4-2010 5.9 8.1 - 26.7%
5-2010 6.0 8.1 - 25.8%
6-2010 6.4 7.9 - 18.7%
12-Month Avg: 6.5 9.0 - 27.6%
6-2008 6-2009 6-2010

C d to
Compared t Last
L t Year:
Y Down (-)
Historical Months Supply of Inventory Compared to 2003: Up (+)
12

10

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010

All data provided by RealEstate Business Intelligence, LLC | An MRIS company

Reports are created and maintained by 10K Research and Marketing. Data current as of 8/2/2010. This report may be reproduced by MRIS members. 8