Eastside Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Inventory - in months 5.1 3.7 2.7 2.4 3.5 8.0 14.2 6.1 5.3 4.4 Average Combined Days on Market 70 72 63 63 77 96 143 145 131 112 Average selling price $422K $463K $512K $618K $686K $729K $624K $590K $616K $521K

Seattle Metro Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Inventory - in months 3.1 2.2 1.6 1.7 2.1 4.6 6.7 3.8 4.2 3.3 Average Combined Days on Market 40 51 43 41 49 62 106 96 98 77 Average selling price $355K $390K $454K $468K $536K $545K $519K $492K $478K $427K

Snohomish County Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Inventory - in months 4.7 4.0 2.6 2.4 3.9 9.2 13.0 6.3 6.6 4.4 Average Combined Days on Market 57 65 59 52 75 97 152 128 122 114 Average selling price $247K $263K $291K $356K $403K $383K $337K $311K $288K $266K

SE Snohomish County Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Inventory - in months 4.8 3.7 2.5 2.0 4.5 8.3 14.3 5.2 6.5 3.6 Average Combined Days on Market 52 73 55 4 89 98 171 158 155 112 Average selling price $310K $331K $343K $454K $500K $485K $454K $381K $380K $346K

SW Snohomish County Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Inventory - in months 3.2 2.9 2.2 2.3 3.3 8.4 11.2 5.6 5.8 3.7 Average Combined Days on Market 55 54 59 52 64 78 145 119 107 101 Average selling price $273K $307K $333K $404K $433K $424K $360K $360K $300K $312K

Pierce County Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Inventory - in months 4.0 3.4 2.6 2.7 5.3 10.7 12.6 6.8 7.4 6.1 Average Combined Days on Market 66 66 58 59 79 120 154 123 128 110 Average selling price $200K $209K $239K $283K $310K $308K $266K $243K $239K $203K