Publish Date: November 22, 2010

Weekly Activity

For the week ending November 13, the Washington D.C. regional housing New Listings ......... 2
market resumed its ascent. Pending Sales enjoyed their largest year-over-
year increase since the tax credit ended. Buyer activity was up 22.9
p y
percent from the same week last year g in at 2,215 signed
to weigh g p
purchase
Pending Sales ......... 3
agreements. New Listings were down 3.5 percent to 3,159 homes. Seller
activity was a point and a half under the three-month average decline for
Active Listings ......... 4
this metric.

As a result of strengthening sales and fairly stagnant listing activity, the Most Recent Month
inventory of homes available for sale has dropped by over 2,500 homes or
4.1 percent from year-ago levels. That's the largest inventory drop since
mid-May. Buyers currently have 60,154 homes to choose from. Days on Market Until Sale ......... 5
As for October's monthly figures, sellers can expect to receive
approximately 92.7 percent of their original list price with market times of 84 Percent of Original List Price Received at Sale ......... 6
days. Months Supply of Inventory increased to 7.3 after 21 consecutive
months of decline. This metric still indicates a fairly balanced marketplace.
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 11/22/2010. This report may be reproduced by MRIS members. 1
 New Listings
As of November 22, 2010

Last Three Months Weekly New Listings

4,200
Current Activity For the week Current One Year One Year
4,100
One Year Ago
ending: Activity Ago Change
4,000 8/21/2010 3,509 3,702 - 5.2%
8/28/2010 3,453 3,609 - 4.3%
3,900
9/4/2010 3,754 4,076 - 7.9%
3,800
9/11/2010 3,814 3,853 - 1.0%
9/18/2010 3,812 3,995 - 4.6%
3,700
9/25/2010 3,837 3,857 - 0.5%
3,600
10/2/2010 3,667 3,975 - 7.7%
10/9/2010 3,742 3,973 - 5.8%
3,500 10/16/2010 3,272 3,512 - 6.8%
3,400
10/23/2010 3,178 3,633 - 12.5%
10/30/2010 3,244 3,245 - 0.0%
3,300 11/6/2010 3,162 3,324 - 4.9%
3,200
11/13/2010 3,159 3,274 - 3.5%
3-Month Total: 45,603 48,028 - 5.0%
3,100
8/21/10 8/28/10 9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10
Compared to Last Year: Down (-)

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 7/26/10

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Reports are created and maintained by 10K Research and Marketing. Data current as of 11/22/2010. This report may be reproduced by MRIS members. 2
 Pending Sales
As of November 22, 2010

Last Three Months Weekly Pending Sales

2,600
Current Activity For the week Current One Year One Year
2,500
One Year Ago
ending: Activity Ago Change

2,400
8/21/2010 2,013 2,306 - 12.7%
8/28/2010 1,810 2,332 - 22.4%
2,300 9/4/2010 2,020 2,505 - 19.4%
9/11/2010 1,634 2,108 - 22.5%
2,200
9/18/2010 2,111 2,415 - 12.6%
2,100
9/25/2010 2,044 2,300 - 11.1%
10/2/2010 2,232 2,463 - 9.4%
2,000 10/9/2010 2,059 2,390 - 13.8%
10/16/2010 2,037 2,197 - 7.3%
1,900
10/23/2010 2,071 2,146 - 3.5%
1,800 10/30/2010 2,092 2,170 - 3.6%
11/6/2010 2,261 1,866 + 21.2%
1,700 11/13/2010 2,215 1,803 + 22.9%
3-Month Total: 26,599 29,001 - 8.3%
1,600
8/21/10 8/28/10 9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10

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 7/26/10

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 11/22/2010. This report may be reproduced by MRIS members. 3
 Active Listings for Sale
As of November 22, 2010

Last Three Months Weekly Inventory for Sale

69,000

Current Inventory
Current One Year One Year
Inventory as of:
68,000 Inventory Ago Change
One Year Ago
8/14/2010 68,339 66,675 + 2.5%
67,000 8/21/2010 68,262 66,574 + 2.5%
8/28/2010 68,065 65,718 + 3.6%
66,000
9/4/2010 67,374 65,514 + 2.8%
9/11/2010 67,680 65,846 + 2.8%
65,000
9/18/2010 67,563 65,886 + 2.5%
9/25/2010 67,586 65,994 + 2.4%
64,000
10/2/2010 66,171 64,909 + 1.9%
63,000
10/9/2010 65,940 64,820 + 1.7%
10/16/2010 65,253 64,594 + 1.0%
62,000 10/23/2010 64,497 64,559 - 0.1%
10/30/2010 62,530 63,147 - 1.0%
61,000 11/6/2010 61,444 63,057 - 2.6%
11/13/2010 60,154 62,734 - 4.1%
60,000
3 Month Avg:
3-Month 65 578
65,578 64 873
64,873 + 1.1%
1 1%
8/14/10 8/21/10 8/28/10 9/4/10 9/11/10 9/18/10 9/25/10 10/2/10 10/9/10 10/16/10 10/23/10 10/30/10 11/6/10 11/13/10

Compared to Last Year: Even

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 8/2/10

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Reports are created and maintained by 10K Research and Marketing. Data current as of 11/22/2010. This report may be reproduced by MRIS members. 4
 Days on Market Until Sale
October 2010 — 84

Current One Year One Year

Month
Year Previous Change
11-2009 84 111 - 24.2%
115
12-2009 85 112 - 23.9%
1-2010 86 124 - 31.0%
90 2-2010 86 123 - 29.7%
84
3-2010 85 119 - 28.5%
4-2010 78 110 - 29.2%
5-2010 74 108 - 31.0%
6-2010 73 100 - 27.4%
7-2010 71 95 - 24.6%
- 21.8% - 6.4% 8-2010 77 92 - 16.9%
9-2010 82 91 - 9.8%
10-2010 84 90 - 6.4%
12-Month Avg: 81 106 - 24.2%

10-2008 10-2009 10-2010

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 11/22/2010. This report may be reproduced by MRIS members. 5
 Percent of Original List Price Received at Sale
October 2010 — 92.7%
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
11-2009 94.4% 91.0% + 3.7%
96%
94.1% 12-2009 93.9% 90.9% + 3.3%
94%
92.7% 1-2010 93.6% 90.2% + 3.8%
91.9% 93.9% 90.0%
92% 2-2010 + 4.3%
3-2010 94.1% 90.4% + 4.1%
90%
4-2010 94.6% 91.3% + 3.7%
88% 5-2010 94.8% 92.2% + 2.9%
6-2010 94.7% 92.9% + 2.0%
86%
7-2010 94.3% 93.4% + 0.9%
84% + 2.5% - 1.5% 8-2010 93.5% 93.8% - 0.3%
82% 9-2010 92.9% 94.1% - 1.3%
10-2010 92.7% 94.1% - 1.5%
80%
12-Month Avg: 94.0% 92.0% + 2.1%
10-2008 10-2009 10-2010
C d to Last
Compared L Y
Year: Down (-)
Historical Percent of Original List Price Received at Sale Compared to 2003: Down (-)
102%

100%

98%

96%

94%

92%

90%

88%

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 11/22/2010. This report may be reproduced by MRIS members. 6
 Housing Affordability Index
October 2010 — 142

Current One Year One Year

144 142 Month
Year Previous Change
128 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%
4-2010 144 146 - 1.6%
5-2010 139 136 + 2.0%
6-2010 132 131 + 1.3%
7-2010 131 131 + 0.4%
+ 19.3% - 1.3% 8-2010 135 134 + 0.5%
9-2010 143 141 + 1.4%
10-2010 142 144 - 1.3%
10-2008 10-2009 10-2010 12-Month Avg: 142 142 + 0.1%
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
Up (+)
necessary income to qualify for the median priced home under prevailing interest rates. Compared to 2003:
160

150

140

130

120

110

100

90

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 11/22/2010. This report may be reproduced by MRIS members. 7
 Months Supply of Inventory
October 2010 — 7.3 Months

Current One Year One Year

Month
Year Previous Change
9.8 11-2009 6.8 9.5 - 28.3%
12-2009 6.5 9.1 - 28.3%
1-2010 6.0 8.3 - 26.8%
7.2 7.3
2-2010 6.1 8.2 - 25.0%
3-2010 6.2 8.2 - 24.3%
4-2010 6.5 8.1 - 19.8%
5-2010 6.6 8.1 - 18.6%
6-2010 7.0 8.0 - 12.3%
7-2010 7.2 7.7 - 7.2%
- 26.6% + 1.3% 8-2010 7.4 7.6 - 2.5%
9-2010 7.3 7.3 - 0.5%
10-2010 7.3 7.2 + 1.3%
12-Month Avg: 6.8 8.1 - 16.8%
10-2008 10-2009 10-2010

C d to
Compared t Last
L t Year:
Y Even
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 11/22/2010. This report may be reproduced by MRIS members. 8