2021 Q1 ERA Live Moore Market Coverage Report

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ERA Live Moore REAL ESTATE Q1 REAL ESTATE MARKET UPDATE

2021

Friends, Clients, Colleagues, Once again, we are incredibly grateful to have had the privilege of working with you during the first quarter of 2021.

This spring, as our neighborhoods begin to blossom and bloom and temperatures offer an early hint at the upcoming summer season, we have great reason to be optimistic. There's a feeling in the air that we are beginning to open up. Businesses are welcoming back patrons, outdoor venues are increasing their audience capacities and planning the year's in-person events, and we are incredibly excited to begin meeting our clients and peers, both in person and in greater numbers-that said, we will contin­ ue to maintain the highest safety standards and showing protocols that insure safety for both our agents and their clients.

As we continue to move ahead into the second quarter, we are surrounded by all the signs in the market that tell us it's spring-we are watching our major markets experience a continued demand for new and existing properties from buyers, who are driven largely by the affordable mortgage rates and an economic climate that is welcoming. It comes with the understanding, however, that they will most certainly face unprecedented competition for a shrinking inventory. This bodes well for the current "seller's market", where real estate sales statistics are squeezed to both the lowest (Days on Market) and highest (List Price to Sales Price) ends of the spectrum.

What are our real estate predictions for the second quarter of 2021? With the Median List Price in Raleigh at $322,000, up 7.69% since Q1 2020, the rising median price and low housing inventory will most likely continue into the second and third quarters. We expect to see continued demand for homes throughout our nationally-ranked major markets here in the Triangle Area of Raleigh, Durham, and Chapel HIii, as well as, Charlotte, Winston Salem, and our Asheville mountains market.

Do you have questions about making a move, what your home might be worth, or what is involved in putting a home up for sale? Let our professional REALTORS® here at ERA Live Moore walk you through the entire process-all while adhering to CDC guidelines and utilizing our leading edge technology to showcase available properties in the safest way possible. We are always available to answer any questions you may have!

We are pleased to share our real estate knowledge with you and we wish everyone good health for this second quarter and the remainder of 2021!

Eb Moore President & CEO ERA Live Moore, A Wilkinson ERA Company

THE TRIANGLE AREA

RESIDENTIAL SALES SUMMARY The first quarter for the Triangle Area residential real estate market continued an upward trend in home sales and median sales price for both the Raleigh and Durham Metro areas.

The steady increase of out-of-town buyers entering the market has created a demand for housing that con­ tinues today, unprecedented. Statistics from the first quarter of 2021 have presented some staggering results: Key observations from this First Quarter 2021 ERA Live Moore Area Market Report are: -Homes in Raleigh & Durham are selling for 101% of asking price in this active seller's market!

-Days on Market for both Raleigh and Durham are down -40.74% and -39.13%, respectively, moving closer and closer to single-digit results and further solidifying this "seller's market" for 2021.

-All of the markets we serve in this report have Inventory (or Month's Supply) below 2 months, the lowest number of available homes for sale in a Ql of any recent years.

-The Median Sales Price increased in every market, with some areas showing double-digit increases on Q1 2020!

Measured, single-digit growth in line with inventory and closed sales was seen in Raleigh and Durham, High Point, and Asheville. Winston-Salem showed the largest price gains with a l 7.72% increase in Median Sales Price over Ql 2020 results, hitting the $200,000 mark.

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

RALEIGH

&

DURHAM Residential RALEIGH

(City)

JAN THROUGH MAR

2021

AVG Days on Market

16

Total Closed Homes

2020

%CHANGE

27

-40.74%

1,969

1,911

2.18%

Median Sales Price

$322,000

$299,000

7.69%

AVG Months Supply

0.8

1.5

-50.00%

AVG Price Per Sq Ft

$187.00

$165.00

14.02%

Total New Listings

2,375

2,745

-13.89%

List to Sales Price Ratio

101%

99%

2.02%

-------DURHAM

JANUARY - MARCH

(City)

JAN THROUGH MAR

2021

2020

%CHANGE

AVG Days on Market

14

23

-39.13%

Total Closed Homes

1,083

1,071

1.12%

Median Sales Price

$305,000

$278,000

9.71%

AVG Months Supply

0.7

1.63

-57.06%

AVG Price Per Sq Ft

$179.00

$160.00

11.88%

Total New Listings

1,333

1,474

-9.57%

List to Sales Price Ratio

101%

99%

2.02%

--------

JANUARY - MARCH 3

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

CHARLOTTE

CI TY Residential Da s on Market

2021

2020

24

38

List to Sales Price Ratio

2021 100%

2020 99%

%CHANGE

-36.84%

%CHANGE

1.01%

Median Sales Price

2020

%CHANGE

%CHANGE

3,786

2020

3,640

2021

2020

%CHANGE

$265,000

Sold Homes I Closed Sales

2021

16.26%

4.01%

Months Supply 0.8

1.6

-50.00%

2020

%CHANGE

2020

%CHANGE

Price Per S $166.70

4,969

14.9%

-4.75% 4

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

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

Da s on Market

2021 25

2020

%CHANGE

41

-39.02%

2020

%CHANGE

List to Sales Price Ratio 100%

Median Sales Price

Sold Homes I Closed Sales

Months Su

99%

1.01%

2020

%CHANGE

$278,605

16.11%

2020

%CHANGE

4,418

4.84%

2020

%CHANGE

1.43

-58.82%

2020

%CHANGE

$164.18

15.98%

2020

%CHANGE

Price Per S $189.33

6,025

-6.00% 5

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

CHARLOTTE-AREA COUNTIES

Residential

CABARRUS COUNTY Including Concord, Harrisburg JAN THROUGH MAR

2021

2020

AVG Days on Market

20

46

Total Closed Homes

854

853

0.12%

Median Sales Price

$286,500

$255,725

12.03%

AVG Months Supply

1.5

1.6

-6.25%

AVG Price Per Sq Ft

$142.87

$125.60

13.75%

Total New Listings

971

1,150

-15.57%

List to Sales Price Ratio

100%

98%

2.04%

--------

%CHANGE

-56.52%

JANUARY - MARCH

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

2021

2020

%CHANGE

AVG Days on Market

24

51

-52.94%

Total Closed Homes

906

899

0.78%

Median Sales Price

$349,950

$310,000

12.89%

AVG Months Supply

0.6

1.8

AVG Price Per Sq Ft

$157.07

$134.18

Total New Listings

1294

1,396

-7.31%

List to Sales Price Ratio

100%

98%

2.04%

--------

-66.67% 17.06%

JANUARY - MARCH 6

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

CHARLOTTE-AREA

COUNTIES YORK COUNTY, SC

Residential

Including Fort Mill, Lake Wylie, Rock Hill

2021

2020 45

-57.78%

Total Closed Homes

1,206

1,090

10.64%

Median Sales Price

$297,990

$269,250

10.67%

AVG Months Supply

0.6

AVG Price Per Sq Ft

$151.64

$133.18

13.86%

Total New Listings

971

1,150

-15.57%

List to Sales Price Ratio

100%

JAN THROUGH MAR AVG Days on Market

19

1.8

99%

%CHANGE

-66.67%

1.01%

JANUARY - MARCH -------------

LANCASTER COUNTY, SC JAN THROUGH MAR

2021

2020

%CHANGE

53

-45.28%

AVG Days on Market

29

Total Closed Homes

500

461

8.46%

Median Sales Price

$335,000

$300,900

11.33%

AVG Months Supply

0.9

2.6

-65.38%

AVG Price Per Sq Ft

$143.77

$130.21

10.41%

Total New Listings

558

622

-10.29%

99%

99%

0.00%

------List to Sales Price Ratio

7

Including Lancaster, Indian Land

JANUARY - MARCH

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

WINSTON SALEM &

HIGH PQINTResidential WINSTON SALEM JAN THROUGH MAR

2021

2020

AVG Days on Market

29

41

-29.27%

Total Closed Homes

913 $200,000

767

19.04%

$169,900

17.72%

AVG Months Supply

0.9

1.9

-52.63%

AVG Price Per Sq Ft

$142.37

$103.38

37.72%

Total New Listings

1,074

1,229

-12.61%

List to Sales Price Ratio

100%

98%

2.04%

Median Sales Price

--------

%CHANGE

JANUARY - MARCH

HIGH POINT JAN THROUGH MAR

2021

2020

%CHANGE

AVG Days on Market

25

35

-28.57%

Total Closed Homes

391

312

21.43%

Median Sales Price

$182,500

$175,950

3.72%

AVG Months Supply

0.9

2.0

-55.00%

AVG Price Per Sq Ft

$91.86

13.12%

Total New Listings

$103.91 452

413

9.44%

List to Sales Price Ratio

99%

97%

2.06%

--------

JANUARY - MARCH 8

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

GREENSBORO Residential

GREENSBORO JAN THROUGH MAR

2021

2020

%CHANGE

AVG Days on Market

23

42

1099

-45.24%

944

16.42%

Median Sales Price

$195,995

$175,000

AVG Price Per Sq Ft

List to Sales Price Ratio

100%

Total Closed Homes AVG Months Supply

Total New Listings

----------

12.00%

$121.27

1.7

-52.94%

$108.88

1,144

1,249

-8.41%

0.8

JANUARY - MARCH

98%

11.38% 2.04%

ERA LIVE MOORE REAL ESTATE 2021 Q1 REAL ESTATE MARKET UPDATE

ASHEVILLE Residential

ASHEVILLE JAN THROUGH MAR

2021

2020

AVG Days on Market

51

72

-29.17%

Total Closed Homes

559

456

20.22%

Median Sales Price

$355,000

$335,000

5.97%

AVG Months Supply

1.5

3.1

-51.61%

AVG Price Per Sq Ft

$245.62

$221.37

10.95%

Total New Listings

595

609

-2.30%

List to Sales Price Ratio

99%

97%

2.06%

--------

%CHANGE

JANUARY - MARCH

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