2019 Annual Market Report prepared for the Charlotte Area

Wilkinson� REAL ESTATE REAL ESTATE

RELOCATION AND CORPORATE SERVICES

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J oa nHa r poot l i a nT homa s , S CRPGMS Pr es i dent , Rel oc a t i ona ndCor por a t eS er v i c es Wi l k i ns onE RARea l E s t a t e

CHARLOTTE

RESIDENTIAL SALES SUMMARY In 2019, the Charlotte residential real estate market finished the decade on a high. With record home sales, average and median sales prices, and an inventory that has placed Charlotte in the top ten U.S. housing markets, Charlotte's housing boom is likely to continue through 2020. The shortage of housing continues to drive home prices upward, with more buyers looking to buy in both established neighborhoods and communities in transition.

Charlotte home sales in 2019 were higher in sales volume than 2018 and the number of homes sold increased by almost 4% on the previous year. The Median Sales Price for a single-family home or condo in Charlotte last year was $258,730, a notable increase of 8.76%! The Average Price Per Square Foot has risen 7.10%, which is consistent with buyer demand and rising home prices.

Forecasts for 2020 project a steady increase in sales, driven largely by a solid job economy, educated work force and affordability in comparison with top-tier housing markets like New York, Chicago, Miami, etc..

The changing job market in Charlotte has at-traced a talented and diverse workforce, largely driven by the millennial age group, seeking more affordable housing with an urban footprint. Consumer confidence remains strong and Charlotte stands to benefit from the effects of this for at least the first half of 2020.

WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW

CHARLOTTE

CI TY Residential Da s on Market

2018 30

List to Sales Price Ratio

2018 99%

2019

%CHANGE

2019

%CHANGE

34

98%

13.33%

-1.01%

Median Sales Price

Sold Homes I Closed Sales

2018

15,948

2019

%CHANGE

$258,730

8.76%

2019

%CHANGE

2019

%CHANGE

2019

%CHANGE

2019

%CHANGE

16,556

3.81%

Months Supply

2018 1.93

1.91

-1.04%

Price Per S $160.43

19,851

7.10%

1.66%

WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW

MECKLENBURG CQ LJ NTY Residential Including Charlotte, Cornelius, Davidson, Huntersville

Da s on Market

2018

2019

33

37

%CHANGE

12.12%

List to Sales Price Ratio 99%

Median Sales Price

Sold Homes I Closed Sales

2019

%CHANGE

2019

%CHANGE

$270,000

7.14%

2019

%CHANGE

2019

%CHANGE

2.11

1.93%

98%

21,045

Months Su

-1.01%

5.08

Price Per S $148.58

2019

%CHANGE

2019

%CHANGE

$157.17

25,240

5.78%

2.35%

The Median Sales Price in 2019 for a single family home in Charlotte was $258,730 for a

Apartment occupancy in Charlotte remains healthy in 2019, up a percentage point on 2018 results, at 96.2%*

year over year increase of 8.76%

The Median Sales Price in 2019 for a single family home in Mecklenburg County was $270,000 for a

year over year increase of 7.14%

In 2019, the average month's rent in Charlotte was $1,147 ( $250 less than the national average of $1,393*) *Charlotte Business Journal 2019

WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW

CHARLOTTE-AREA COUNTIES

Residential

CABARRUS COUNTY Including Concord, Harrisburg JAN THROUGH DEC

2018

2019

%CHANGE

AVG Days on Market

36

39

8.33%

Total Closed Homes

3,852 $224,853

4,085

6.05%

$245,000

8.96%

AVG Months Supply

2.28

2

-12.28%

AVG Price Per Sq Ft

$111.66

$118.82

6.41%

Total New Listings

4,955

4,777

-3.59%

List to Sales Price Ratio

99%

98%

-1.01%

Median Sales Price

--------

JANUARY - DECEMBER

UN ION COUNTY Including Monroe, Waxhaw, Wedddington JAN THROUGH DEC

2018

2019

%CHANGE

AVG Days on Market

46

46

0%

Total Closed Homes

4,220

4,498

6.59%

Median Sales Price

$300,000

$305,000

1.67%

AVG Months Supply

2.75

2.36

AVG Price Per Sq Ft

$131.64

4.85%

Total New Listings

$125.55 5,265

5,381

2.20%

List to Sales Price Ratio

98%

98%

0%

--------

-14.18

JANUARY - DECEMBER 6

WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW

CHARLOTTE-AREA

COUNTIES YORK COUNTY, SC

Residential

Including Fort Mill, Lake Wylie, Rock Hill

2018

2019 43

2.38%

Total Closed Homes

4,978

5,530

11.09%

Median Sales Price

$255,728

$268,000

4.80%

AVG Months Supply

2.47

2.32

-6.07%

$122.48

$129.70

5.89%

Total New Listings

6,163

6,504

5.53%

List to Sales Price Ratio

98%

99%

0.71%

JAN THROUGH DEC AVG Days on Market

AVG

Price Per Sq Ft

42

%CHANGE

JANUARY - DECEMBER -------------

LANCASTER COUNTY, SC JAN THROUGH DEC AVG Days on Market

2018 56

2019

%CHANGE

50

-10.71%

Total Closed Homes

1,850

1,957

5.78%

Median Sales Price

$279,000

$299,990

7.5%

AVG Months Supply

3.07

2.75

-10.42%

Price Per Sq Ft

$118.94

$125.52

5.53%

Total New Listings

2,223

2,313

4.05%

List to Sales Price Ratio

98%

99%

1.02%

AVG

7

Including Lancaster, Indian Land

-------

JANUARY - DECEMBER

2019 4, 753

1.

4 BI LLI ON

I NSALES

VOLUME

2

OUR RELOCATION TEAM Joan Harpootlian Thomas, SCRP, GMS President, Relocation and Corporate Services 0: 704-815-9303 Joan.Thomas@WilkinsonERA.com Allie Thomas, CRP, GOS Vice President, Relocation and Corporate Services 0: 704-815-9305 Allie.Thomas@WilkinsonERA.com Tracy Hill Vice President, Business Development Charlotte and Raleigh-Durham 704-575-9545 Tracy.Hill@WilkinsonERA.com Brittany Geier Relocation Counselor 0: 704-815-0459 Brittany.Geier@WilkinsonERA.com Melissa Gilleland Assistant Relocation Counselor 0: 704-815-9317 Melissa.Gileland@WilkinsonERA.com Stacy Warren Relocation Counselor 0: 704-815-9313 Stacy.Warren@WilkinsonERA.com Tricia Hodge Senior Relocation Counselor 0: 704-815-0462 Tricia.Hodge@WilkinsonERA.com

Main Relocation Line 704-815-0463

Wilkinson� REAL ESTATE REAL ESTATE

RELOCATION AND CORPORATE SERVICES

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