Here's February 2013's Monthly Indicators report from the Greater Boston Association of Realtors®

1. Monthly Indicators
A RESEARCH TOOL PROVIDED BY THE GREATER BOSTON ASSOCIATION OF REALTORS®
February 2013 Quick Facts
The sun is shining brighter for longer, the birds are chirping a bit louder and
people have a renewed spring in their step. And then there's the climate. Home
+ 0.7% - 7.5% + 10.7%
buyers and sellers are readying themselves for an exciting spring market. Year-Over-Year Year-Over-Year Year-Over-Year
Buyers are motivated by an attractive affordability environment, while more and (YoY) Change in (YoY) Change in (YoY) Change in
more sellers are receiving near top dollar for their home. We've come a long Closed Sales Closed Sales Closed Sales
way over the past 12 to 18 months but we're not there yet. Here's how February All Properties Single-Family Only Condominium Only
stacked up.
New Listings in the Greater Boston region were down 22.2 percent for detached Single-Family Market Overview 2
homes and 15.5 percent for condominiums. Closed Sales decreased 7.5 Condominium Market Overview 3
percent for detached homes but increased 10.7 percent for condominiums.
Closed Sales 4
The Median Sales Price was up 8.8 percent to $429,900 for single-family Median Sales Price 5
properties but decreased 5.2 percent to $350,750 for condominiums. Months Housing Affordability Index 6
Supply of Inventory decreased 30.6 percent for single-family units and 46.9
Inventory of Homes for Sale 7
percent for townhouse-condo units.
Months Supply of Inventory 8
A few consumers may feel less confident due to Washington's latest self- Days On Market Until Sale 9
inflicted crisis. Others would advise not to read the news in the first place. The
fact is, the economy continues to grow, but at a snail's pace. Sequestration is
Percent of Original List Price Received 10
more of a nuisance than a real threat to recovery; and there's significant Pending Sales 11
pent–up demand from renters, first-timers, parental basement dwellers and New Listings 12
investors to counteract it.
City of Boston Overview 13
Click on desired metric to jump to that page.
Data is refreshed regularly to capture changes in market activity so figures shown may be different than previously reported. Current as of March 16, 2013. All data from MLS Property
Information Network, Inc. Provided by Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing.

2. Single-Family Market Overview
Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics Historical Sparklines Feb-2012 Feb-2013 +/– YTD 2012 YTD 2013 +/–
Closed Sales 464 429 - 7.5% 987 1,033 + 4.7%
2-2010 2-2011 2-2012 2-2013
Median Sales Price $395,000 $429,900 + 8.8% $402,000 $430,000 + 7.0%
2-2010 2-2011 2-2012 2-2013
Housing Affordability Index 124 122 - 2.0% 122 122 - 0.6%
2-2010 2-2011 2-2012 2-2013
Inventory of Homes for Sale 4,040 2,592 - 35.8% -- -- --
2-2010
2 2010 2-2011
2 2011 2-2012
2 2012 2-2013
2 2013
Months Supply of Inventory 8.7 6.0 - 30.6% -- -- --
2-2010 2-2011 2-2012 2-2013
Days on Market Until Sale 134 109 - 18.6% 132 109 - 17.5%
2-2010 2-2011 2-2012 2-2013
Percent of Original
91.2% 94.1% + 3.2% 90.8% 93.9% + 3.4%
List Price Received
2-2010 2-2011 2-2012 2-2013
Pending Sales 639 683 + 6.9% 1,179 1,269 + 7.6%
2-2010 2-2011 2-2012 2-2013
New Listings 1,319 1,026 - 22.2% 2,282 1,929 - 15.5%
2-2010 2-2011 2-2012 2-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2

3. Condominium Market Overview
Key market metrics for the current month and year-to-date figures for Condominium Properties Only.
Key Metrics Historical Sparklines Feb-2012 Feb-2013 +/– YTD 2012 YTD 2013 +/–
Closed Sales 384 425 + 10.7% 796 936 + 17.6%
2-2010 2-2011 2-2012 2-2013
Median Sales Price $370,000 $350,750 - 5.2% $360,000 $360,000 0.0%
2-2010 2-2011 2-2012 2-2013
Housing Affordability Index 132 146 + 11.0% 135 143 + 6.1%
2-2010 2-2011 2-2012 2-2013
Inventory of Homes for Sale 3,257 1,915 - 41.2% -- -- --
2-2010
2 2010 2-2011
2 2011 2-2012
2 2012 2-2013
2 2013
Months Supply of Inventory 8.5 4.5 - 46.9% -- -- --
2-2010 2-2011 2-2012 2-2013
Days on Market Until Sale 123 93 - 24.6% 124 90 - 27.1%
2-2010 2-2011 2-2012 2-2013
Percent of Original
93.4% 96.8% + 3.6% 93.2% 96.3% + 3.4%
List Price Received
2-2010 2-2011 2-2012 2-2013
Pending Sales 635 644 + 1.4% 1,118 1,263 + 13.0%
2-2010 2-2011 2-2012 2-2013
New Listings 1,141 964 - 15.5% 2,095 1,878 - 10.4%
2-2010 2-2011 2-2012 2-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3

4. Closed Sales
A count of the actual sales that have closed in a given month.
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 648 + 16.5% 607 + 11.0%
464
Apr-2012 743 + 12.6% 758 + 20.1%
429 425 1,033
987 May-2012 1,005 + 20.5% 1,012 + 32.1%
384 936
351 Jun-2012 1,510 + 21.3% 1,264 + 20.3%
342 811 796
742 Jul-2012 1,279 + 25.3% 1,040 + 21.6%
Aug-2012 1,299 + 26.0% 1,204 + 25.3%
Sep-2012 766 - 1.2% 753 + 16.4%
Oct-2012 791 + 28.6% 711 + 38.9%
Nov-2012 907 + 32.6% 760 + 35.2%
Dec-2012 824 + 11.8% 767 + 19.3%
Jan-2013 604 + 15.5% 511 + 24.0%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 429 - 7.5% 425 + 10.7%
+32.2% -7.5% +12.3% +10.7% +21.7% +4.7% +7.3% +17.6%
Total 10,805 + 18.2% 9,812 + 23.1%
Single-Family Condominium Single-Family Condominium
Historical Closed Sales Activity Single-Family Condominium
1,800
1,600
1,400
1,200
1,000
800
600
400
200
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4

5. Median Sales Price
Median price point for all closed sales, not accounting for seller concessions, in a given month.
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 $414,838 - 1.5% $340,000 + 4.6%
Apr-2012 $418,500 - 2.9% $371,500 + 4.6%
$429,900 $430,000
$409,130 $402,000 May-2012 $465,000 + 1.4% $381,000 + 4.4%
$395,000
$380,000
$370,000
$348,500 $350,750 $350,000
$360,000 $360,000 Jun-2012 $503,250 - 0.3% $400,000 + 6.7%
Jul-2012 $510,000 + 2.0% $387,000 + 6.3%
Aug-2012 $490,000 - 1.8% $380,000 + 3.0%
Sep-2012 $430,475 - 4.3% $375,000 + 2.0%
Oct-2012 $430,000 + 10.3% $366,265 + 5.1%
Nov-2012 $447,500 + 5.8% $380,000 + 8.4%
Dec-2012 $470,000 + 6.8% $382,000 + 10.7%
Jan-2013 $430,000 + 6.2% $370,000 + 4.2%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 $429,900 + 8.8% $350,750 - 5.2%
+3.9% +8.8% +6.2% -5.2% -1.7% +7.0% +2.9% 0.0%
Median $461,000 + 2.4% $379,000 + 5.3%
Single-Family Condominium Single-Family Condominium
Historical Median Sales Price Single-Family Condominium
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5

6. Housing Affordability Index
This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary
to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
146 143 Mar-2012 117 + 15.8% 141 + 9.5%
132 135 Apr-2012 118 + 18.1% 132 + 10.2%
124 122 122 122
120 119 May-2012 109 + 13.2% 131 + 10.1%
111
104 Jun-2012 102 + 14.4% 126 + 7.4%
Jul-2012 102 + 13.9% 131 + 9.5%
Aug-2012 105 + 14.0% 133 + 9.0%
Sep-2012 121 + 17.2% 137 + 10.4%
Oct-2012 120 + 3.2% 139 + 7.8%
Nov-2012 117 + 6.8% 135 + 4.4%
Dec-2012 113 + 6.8% 136 + 3.3%
Jan-2013 125 + 3.7% 143 + 5.4%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 122 - 2.0% 146 + 11.0%
+12.2% -2.0% +10.0% +11.0% +17.9% -0.6% +13.0% +6.1%
Average 114 +10.4% 136 +8.2%
Single-Family Condominium Single-Family Condominium
Historical Housing Affordability Index Single-Family Condominium
160
150
140
130
120
110
100
90
80
70
60
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6

7. Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
February Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 4,668 + 2.1% 3,691 - 21.1%
4,040 3,909 Apr-2012 5,018 - 4.4% 3,844 - 25.7%
3,785
May-2012 5,115 - 9.7% 3,657 - 29.8%
3,257 Jun-2012 4,797 - 15.2% 3,392 - 33.4%
Jul-2012 4,372 - 20.7% 3,128 - 33.5%
2,592
Aug-2012 4,026 - 23.9% 2,729 - 35.2%
1,915 Sep-2012 4,232 - 24.1% 2,850 - 34.0%
Oct-2012 3,947 - 26.1% 2,618 - 36.0%
Nov-2012 3,319 - 26.8% 2,218 - 38.2%
Dec-2012 2,480 - 31.3% 1,674 - 40.5%
Jan-2013 2,486 - 31.9% 1,754 - 41.0%
2011 2012 2013 2011 2012 2013 Feb-2013 2,592 - 35.8% 1,915 - 41.2%
+6.7% -35.8% -16.7% -41.2% Average 3,921 - 19.8% 2,789 - 33.2%
Single-Family Condominium
Historical Inventory of Homes for Sale Single-Family Condominium
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7

8. Months Supply of Inventory
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
February Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 7.2 - 12.4% 6.1 - 28.9%
11.4 Apr-2012 6.8 - 15.1% 5.1 - 38.1%
10.8
May-2012 5.1 - 25.1% 3.6 - 46.9%
Jun-2012 3.2 - 30.1% 2.7 - 44.6%
8.7 8.5
Jul-2012 3.4 - 36.7% 3.0 - 45.3%
Aug-2012 3.1 - 39.6% 2.3 - 48.3%
6.0
Sep-2012 5.5 - 23.2% 3.8 - 43.3%
4.5 Oct-2012 5.0 - 42.5% 3.7 - 53.9%
Nov-2012 3.7 - 44.8% 2.9 - 54.3%
Dec-2012 3.0 - 38.5% 2.2 - 50.1%
Jan-2013 4.1 - 41.0% 3.4 - 52.4%
2011 2012 2013 2011 2012 2013 Feb-2013 6.0 - 30.6% 4.5 - 46.9%
-19.3% -30.6% -25.8% -46.9% Average 4.7 - 29.3% 3.8 - 41.0%
Single-Family Condominium
Historical Months Supply of Inventory Single-Family Condominium
16
14
12
10
8
6
4
2
0
Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 8

9. Days on Market Until Sale
Average number of days between when a property is listed and when an offer is accepted in a given month.
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 130 - 3.1% 117 - 4.6%
Apr-2012 120 - 1.7% 98 - 16.8%
134 137 134
129 132 May-2012 96 - 5.9% 86 - 11.9%
123 120 124
Jun-2012 90 - 0.2% 75 - 20.4%
109 109
Jul-2012 80 - 3.9% 71 - 20.6%
93 90
Aug-2012 87 - 5.8% 76 - 18.2%
Sep-2012 89 - 12.0% 85 - 18.1%
Oct-2012 90 - 17.6% 84 - 11.4%
Nov-2012 89 - 18.0% 77 - 30.0%
Dec-2012 97 - 12.4% 84 - 30.1%
Jan-2013 109 - 16.5% 88 - 29.2%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 109 - 18.6% 93 - 24.6%
+3.7% -18.6% -9.8% -24.6% +9.7% -17.5% -7.1% -27.1%
Total 96 - 9.3% 78 - 18.2%
Single-Family Condominium Single-Family Condominium
Historical Days on Market Until Sale Single-Family Condominium
160
140
120
100
80
60
40
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 9

10. Percent of Original List Price Received
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month,
not accounting for seller concessions.
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 93.0% + 0.7% 94.0% + 0.9%
Apr-2012 93.5% + 0.8% 95.7% + 2.0%
94.1% 96.8% 96.3% May-2012 95.4% + 1.1% 96.1% + 1.0%
90.9% 91.2% 92.0% 93.4% 90.9% 90.8% 93.9% 92.2% 93.2%
Jun-2012 95.3% + 0.8% 96.4% + 1.8%
Jul-2012 95.8% + 1.6% 96.6% + 1.7%
Aug-2012 94.8% + 1.5% 96.3% + 2.2%
Sep-2012 94.6% + 1.5% 96.4% + 2.3%
Oct-2012 94.3% + 2.8% 95.9% + 2.5%
Nov-2012 94.6% + 2.3% 96.2% + 2.5%
Dec-2012 94.2% + 2.2% 96.2% + 3.4%
Jan-2013 93.8% + 3.6% 96.0% + 3.3%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 94.1% + 3.2% 96.8% + 3.6%
+0.3% +3.2% +1.5% +3.6% -0.1% +3.4% +1.1% +3.4%
Average 94.7% + 1.7% 96.1% + 2.2%
Single-Family Condominium Single-Family Condominium
Historical Percent of Original List Price Received Single-Family Condominium
99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10

11. Pending Sales
A count of the properties in UAG status between the first and last day in a given month, regardless of current status (based on Off Market Date).
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 982 + 25.1% 1,009 + 32.2%
1,269 1,263 Apr-2012 1,142 + 21.7% 1,047 + 24.6%
683 1,179
639 635 644 1,118 May-2012 1,326 + 23.1% 1,266 + 28.9%
Jun-2012 1,255 + 13.3% 1,039 + 19.3%
523 946 918
511 Jul-2012 1,044 + 26.2% 831 + 9.1%
Aug-2012 895 + 17.0% 815 + 22.2%
Sep-2012 840 + 27.7% 717 + 38.4%
Oct-2012 869 + 17.8% 820 + 38.7%
Nov-2012 787 + 16.6% 664 + 18.1%
Dec-2012 596 + 5.9% 503 + 7.5%
Jan-2013 586 + 8.5% 619 + 28.2%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 683 + 6.9% 644 + 1.4%
+22.2% +6.9% +24.3% +1.4% +24.6% +7.6% +21.8% +13.0%
Total 11,005 + 18.2% 9,974 + 22.5%
Single-Family Condominium Single-Family Condominium
Historical Pending Sales Activity Single-Family Condominium
1,400
1,200
1,000
800
600
400
200
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 11

12. New Listings
A count of the properties that have been newly listed on the market in a given month.
February Year to Date Single-Family
YoY
Change
Condominium
YoY
Change
Mar-2012 2,008 + 3.3% 1,741 - 11.7%
1,319
2,282 Apr-2012 1,798 - 8.8% 1,499 - 13.0%
1,141 2,055 2,095 May-2012 1,783 - 4.6% 1,387 - 7.6%
1,081 1,929 1,878
1,026 Jun-2012 1,352 - 15.3% 1,152 - 14.2%
964 1,716
879 Jul-2012 1,022 - 12.5% 902 - 7.6%
Aug-2012 1,001 - 8.7% 790 - 7.5%
Sep-2012 1,419 - 10.2% 1,153 - 9.6%
Oct-2012 1,078 - 4.6% 881 - 2.1%
Nov-2012 650 - 3.1% 561 - 10.4%
Dec-2012 364 - 19.5% 317 - 18.3%
Jan-2013 903 - 6.2% 914 - 4.2%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Feb-2013 1,026 - 22.2% 964 - 15.5%
+50.1% -22.2% +5.6% -15.5% +33.0% -15.5% +1.9% -10.4%
Total 14,404 - 8.6% 12,261 - 10.2%
Single-Family Condominium Single-Family Condominium
Historical New Listing Activity Single-Family Condominium
2,750
2,500
2,250
2,000
1,750
1,500
1,250
1,000
750
500
250
0
Jan-2003 Jan-2004 Jan-2005 Jan-2006 Jan-2007 Jan-2008 Jan-2009 Jan-2010 Jan-2011 Jan-2012 Jan-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 12

13. City of Boston – Market Overview
Key market metrics for the current month and year-to-date figures for the City of Boston.
Key Metrics Historical Sparklines Feb-2012 Feb-2013 +/– YTD 2012 YTD 2013 +/–
Closed Sales 203 221 + 8.9% 444 490 + 10.4%
2-2010 2-2011 2-2012 2-2013
Median Sales Price $399,000 $385,000 - 3.5% $386,500 $406,750 + 5.2%
2-2010 2-2011 2-2012 2-2013
Housing Affordability Index 124 122 - 2.0% 122 122 - 0.6%
2-2010 2-2011 2-2012 2-2013
Inventory of Homes for Sale 1,725 949 - 45.0% -- -- --
2-2010
2 2010 2-2011
2 2011 2-2012
2 2012 2-2013
2 2013
Months Supply of Inventory 8.5 4.3 - 49.5% -- -- --
2-2010 2-2011 2-2012 2-2013
Days on Market Until Sale 120 80 - 33.4% 120 78 - 35.1%
2-2010 2-2011 2-2012 2-2013
Percent of Original
93.9% 96.9% + 3.2% 93.4% 96.6% + 3.5%
List Price Received
2-2010 2-2011 2-2012 2-2013
Pending Sales 362 376 + 3.9% 629 681 + 8.3%
2-2010 2-2011 2-2012 2-2013
New Listings 648 570 - 12.0% 1,217 1,054 - 13.4%
2-2010 2-2011 2-2012 2-2013
All data from MLS Property Information Network, Inc. Provided by the Greater Boston Association of REALTORS® and the Massachusetts Association of REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 13