INVENTORY (For Sale)   (Homes with an “Active” status in the Multiple Listing Service (M.L.S.) in South Orange County, excluding Laguna Woods):

  5/01/2012       -      1,611         *51% Less Homes For Sale versus 1 Year Ago*

  4/01/2012      -       1,775         *44% Less Homes For Sale versus 1 Year Ago*

  3/01/2012      -       1,948        *38% Less Homes For Sale versus 1 Year Ago*

  2/01/2012      -       2,135        *30% Less Homes For Sale versus 1 Year Ago*

  1/01/2012      -       2,184        *24% Less Homes For Sale versus 1 Year Ago* 

12/01/2011      -       2,270        

11/01/2011      -       2,973       

10/01/2011      -       2,960                                                                 

  9/01/2011      -       3,095                    

  8/01/2011      -       3,234

  7/01/2011      -       3,268

  6/01/2011      -       3,329        *Peak For Sale Inventory for 2011*

  5/01/2011      -       3,293

  4/01/2011      -       3,187

  3/01/2011      -       3,140

  2/01/2011      -       3,062

  1/03/2011      -       2,866        

SHORT SALES INVENTORY (For Sale)  (Homes in the Current Inventory above with a “Short Sale” notation):

  5/01/2012      -       254           *74% Less Short Sale Homes For Sale versus 1 Year Ago*

 4/01/2012       -       349           *65% Less Short Sale Homes For Sale versus 1 Year Ago*

  3/01/2012      -       508           *47% Less Short Sale Homes For Sale versus 1 Year Ago*

  2/01/2012      -       648           *40% Less Short Sale Homes For Sale versus 1 Year Ago*

  1/01/2012      -       720           *34% Less Short Sale Homes For Sale versus 1 Year Ago*

12/01/2011      -       727           *Lowest Short Sale Inventory for 2011* 

11/01/2011      -       918

10/01/2011      -       903

  9/01/2011      -       893          

  8/01/2011      -       903         

  7/01/2011      -       951        

  6/01/2011      -       973

  5/01/2011      -       964

  4/01/2011      -       985

  3/01/2011      -       964        

  2/01/2011      -       1,080

  1/03/2011      -       1,088         *Peak Short Sale Inventory for 2011*

Bank Owned (REO) Properties(For Sale)  (Homes in the Current Inventory above with a “REO” or “HUD” notation):

  5/01/2012      -        83        *61% Less Bank Owned Homes For Sale versus 1 Year Ago*

  4/01/2012      -       106       *48% Less Bank Owned Homes For Sale versus 1 Year Ago*

  3/01/2012      -       119       *44% Less Bank Owned Homes For Sale versus 1 Year Ago*

  2/01/2012      -       149       *37% Less Bank Owned Homes For Sale versus 1 Year Ago*

  1/01/2012      -       167       *34% Less Bank Owned Homes For Sale versus 1 Year Ago*

12/01/2011      -       150       *Lowest REO Inventory for 2011*           

11/01/2011      -       193            

10/01/2011      -       206

  9/01/2011      -       201

  8/01/2011      -       209

  7/01/2011      -       204

  6/01/2011      -       198           

  5/01/2011      -       214

  4/01/2011      -       203       

  3/01/2011      -       211

  2/01/2011      -       237

  1/03/2011      -       243       *Peak REO Inventory for 2011*

PENDING HOME SALES  (Homes with a “Back-Up Offer” or “Pending” status in the M.L.S.):

  5/01/2012     -        2,330     *24% More Pending Sales versus 1 Year Ago*        

                                                  (*Highest Level since 1/01/2011*)

  4/01/2012      -       2,283     *27% More Pending Sales versus 1 Year Ago*   

  3/01/2012      -       2,065     *23% More Pending Sales versus 1 Year Ago* 

  2/01/2012      -       1,739     *24% More Pending Sales versus 1 Year Ago*

01/01/2011      -       1,530     *36% More Pending Sales versus 1 Year Ago*

12/01/2011      -       1,471

11/01/2011      -       1,660

10/01/2011      -       1,620

  9/01/2011      -       1,658

  8/01/2011      -       1,714

  7/01/2011      -       1,725

  6/01/2011      -       1,787     *Highest Level of Pending Home Sales in 2011*

  5/01/2011      -       1,770

  4/01/2011      -       1,667   

  3/01/2011      -       1,585

  2/01/2011      -       1,397

  1/01/2011      -       979        *Lowest Level of Pending Home Sales for 2011*

CLOSED SALES (Homes that closed escrow in the M.L.S. in South Orange County):

April 2012                 -        779   *18% More Closed Sales versus 1 Year Ago*

March 2012               -       722   *11% More Closed Sales versus 1 Year Ago*

February 2012           -       523   *17% More Closed Sales versus 1 Year Ago*

January 2012            -       416  

December 2011         -       590  

November 2011         -       553

October 2011            -       526

September 2011        -       564

August 2011              -       671            

July 2011                  -       633

June 2011                 -       699           

May 2011                  -       638

April 2011                 -       597

March 2011               -       642

February 2011           -       436   *Lowest Level of Closed Sales for 2011*