ERA Live Moore Q3 Market Report

ERA LIVE l.\1OORE

REAL ESTATE

2021 Third Quarter Market Coverage Report Prepared for the Markets we Serve

www.ERALiveMoore.com

2 0 2 1 F r i ends , Cl i ent s , Col l ea gues , Wel c omet of a l l , t hef our t hqua r t erof2021, a ndourt hi r dqua r t err ev i ew.

Wec ont i nuet obe gr a t ef ul t oha v et hepr i v i l egeofwor k i ngwi t hy oui nt hema r k et swepr oudl ys er v et hr oughoutt he Ca r ol i na s .

I fy ou' r ef ol l owi ngt her ea l es t a t enewst hr oughoutt hema r k et swes er v ei nt heCa r ol i na s , y ou' l l k nowt ha ti t ' saba l a nc i nga c tbet weenhi ghbuy erdema nda ndl owa v a i l a bi l i t yofpr oper t i est o buy .

Whi l eourc ommuni t i esa r es c a l i ngups er v i c es , bus i nes s es , a ndor ga ni z a t i onst or una t100% c a pa c i t y( whi l ena v i ga t i ngs t a ffinga nds uppl yc ha i nc ha l l enges ) 2021wi l l endupbei ngoneoft he bus i es ty ea r sonr ec or df orhomes a l es ; onc ea ga i ndemons t r a t i nganewhi ghmedi a ns a l espr i c e a ndt ot a l v ol umes ol di nourma r k et s .

T hehous i ngma r k ett hr oughoutNor t hCa r ol i nai sex per i enc i ngc ont i nuedl owi nv ent or ya nda swe begi nt hef our t hqua r t er , as l i ght l ydi mmi ngdema ndt ha ti ss t a l l i ngt hef r enet i cpa c eofpr ev i ous qua r t er s .

T hema j orma r k et sofRa l ei gha ndDur ha m, Cha r l ot t e, Wi ns t onS a l em, a ndAs hev i l l e, a r e enc ount er i ngas i gnic a ntper c ent a geofout of s t a t ebuy er s – per ha psa t t r a c t edbyU. S .

Newsa nd Wor l dRepor t ' sr ec entr a nk i ngoft hes ea r ea sont heBes tPl a c est oL i v ea ndBes tPl a c est oRet i r el i s t s orF or bes ' r a nk i ngofRa l ei gha sAmer i c a ' sBes tCi t yf orRa i s i ngaF a mi l y .

T a k eni nt oc ons i der a t i on f orr a nk i ngsi nc l udedqua l i t yofl i f e, hous i nga ffor da bi l i t y , j obma r k eti ndex , des i r a bi l i t yi ndex , a nd netmi gr a t i on.

Wha ta r eourr ea l es t a t epr edi c t i onsf ort hef our t hqua r t erof2021?We' r epr et t yc on dentoft hr ee t hi ngsi mpa c t i ngt hema r k et si nwhi c hwes er v ei nt hef our t hqua r t er : buy er sa nds el l er ss eek i ng mor es pa c ef r om c r a mped, dens el ypopul a t edur ba nc ent er s ; r emot ewor k i ngs howi ngs ome s t a y i ngpowera ndgi v i ngbuy er smor egeogr a phi cf r eedom; s uppl yc ha i ni s s uesc oul di n uenc e newhomebuy er st opur c ha s er es a l es .

Youma yha v eques t i onsa boutma k i ngamov e, wha ty ourhomemi ghtbewor t h, orwha t i si nv ol v edi nput t i ngahomeupf ors a l e.

L etourpr of es s i ona l RE AL T ORS ®her ea tWi l k i ns onE RA gui dey out hr ought heent i r epr oc es s -Wea r ea l wa y sa v a i l a bl et oa ns wera nyques t i onsy ouma y ha v e!

Wea r epl ea s edt os ha r eourr ea l es t a t ek nowl edgewi t hy oua ndwewi s hev er y onegood hea l t ha ndpr os per i t yf ort hi sf our t ha nd na l qua r t erof2021!

E bMoor e Pr es i dent&CE O E RAL i v eMoor e&Wi l k i ns onE RARea l E s t a t e

TRI ANGL EREGI ON Thet hi r dqua r t erf ort heTr i a ngl eRegi onr es i dent i a l r ea l es t a t ema r k ets howsar educ edi nv ent or y t hr oughoutt hea r ea , a sc ompa r edt oQ32020r es ul t s .

I ta l s os howedas l i ght l ydi ffer i ngt a l eoft wo ma r k et s , wi t hRa l ei gh’ sdi pi nNewL i s t i ngsc omi ngt ot hema r k eta ndDur ha m’ ss l i ghti nc r ea s e, we s eeDur ha m wa t c hi nga ndwa i t i ngt os eehowRa l ei gh’ sl a r germet r oa r eawi l l r es pondt ot hec ur r ent ma r k etdema nd.

Ke yo b s e r v a t i o n sf r o mt h i st h i r dq u a r t e r ’ s2 0 2 1Ra l e i g h&Du r h a ma r e ama r k e ta r e : Homesi nRa l ei ghha v es t ea di l ys ol df orar ec or d105( Dur ha m) a nd104( Ra l ei gh) per c entofa s k i ngpr i c e i nt hi sa c t i v es el l er ’ sma r k et !

Onc ea ga i n, t hes ec ondqua r t erof2021ma i nt a i nsRa l ei gh’ sl owes tMont hsS uppl yt hi sy ea r t oda t ea nd unpr ec edent edi nr ec enty ea r s , wi t h.

7i nRa l ei gha ndas l i ghti nc r ea s ei nDur ha m of.

8, hel pedbyt he i nc r ea s edNewL i s t i ngsc omi ngt oma r k et .

F ort he r s tt i meonr ec or d, Q3s a wi nv ent or yi na l l oft hema r k et swes er v e, f a l l underonemont hor l es s –t hel owes ts uppl yt hi sy ea ra ndunpr ec edent edi nr ec enty ea r s .

Al l ourma r k et sc ont i nuedt oex per i enc eas t eepdec l i nei nt henumberofDa y sonMa r k ett os el l a homewi t hRa l ei gha ndDur ha mr es ul t i ngi nt hes hor t es tt i met os el l ahome, a ts ev ena nds i xda y s , r es pec t i v el y .

Medi a nS a l esPr i c ei nc r ea s edt hr oughoutt heTr i a ngl eRegi onov er2020r es ul t s , hi t t i ngt he$374, 000 ma r kf orr es i dent i a l r ea l es t a t ei nRa l ei gha ndaj umpt o$355, 000i nDur ha m.

L or em I ps um

2

ERA LIVE MOORE REAL ESTATE 2021 Q3 REAL ESTATE MARKET UPDATE

RALEIGH

&

DURHAM Residential RALEIGH

(City)

JULY THROUGH SEPT

2021

2020

AVG Days on Market

7

Total Closed Homes

16

2,505

2,740

%CHANGE

-56.25% -8.58%

Median Sales Price

$374,000

$311,225

AVG Price Per Sq Ft

0.7 $213.00

1.4

$251.00

-15.14%

104%

100%

4.00%

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

DURHAM

2,794

2,841

20.17%

-50.00% -1.65%

JULY - SEPTEMBER

(City)

JULY THROUGH SEPT

2021

2020

%CHANGE

AVG Days on Market

6

15

-60.00%

Total Closed Homes

1,523

1,535

-0.78%

Median Sales Price

$355,000

$293,890

20.79%

AVG Price Per Sq Ft

0.8

1.4

$2,005.00

$168.00

1093.45%

105%

100%

5.00%

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

1,648

1,621

-42.86% 1.67%

JULY - SEPTEMBER 11

Ral ei ghOc c upi edHous i ngUni t s * *

43%ofhomesi nRa l ei gha r er ent er oc c upi ed hous ehol ds&56%owner oc c upi ed.

AsofAugus t , 2021, t heAver ageMont h’ sRent i nRa l ei ghi s$1, 468.

* Tr i a ngl eML S* *Rent Ca f e. c om

ERA LIVE MOORE REAL ESTATE

2021 Q3 REAL ESTATE MARKET UPDATE

CHARLOTTE

CI TY Residential Da

2021

2020

%CHANGE

13

24

-45.83%

List to Sales Price Ratio

2021 102%

2020

%CHANGE

100%

2.00%

2020

%CHANGE

Median Sales Price $298,900

Sold Homes I Closed Sales

2021

4,929

2020 5,115

15.42%

%CHANGE

-3.64%

Months Supply

2021

2020

%CHANGE

0.9

1.5

-40.00%

2020

%CHANGE

$180.65

15.43%

2020

%CHANGE

5,550

-1.91%

ERA LIVE MOORE REAL ESTATE

2021 Q3 REAL ESTATE MARKET UPDATE

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

Da

2021

2020

%CHANGE

13

26

-50.00%

2020

%CHANGE

List to Sales Price Ratio 102%

Median Sales Price

Sold Homes I Closed Sales

99%

2.65%

2020

%CHANGE

$305,000

17.21%

2020

%CHANGE

6,624

-7.34%

2020

%CHANGE

1.5

$206.47

-40.00%

2020

%CHANGE

$174.10

18.59%

2020

%CHANGE

7,110

25.77%

ERA LIVE MOORE REAL ESTATE

2021 Q3 REAL ESTATE MARKET UPDATE

CHARLOTTE-AREA COUNTIES

Residential

CABARRUS COUNTY Including Concord, Harrisburg JULY THROUGH SEPT

2021

2020

AVG Days on Market

10

26

Total Closed Homes

1,271

1,221

%CHANGE

-61.54% 4.10%

Median Sales Price

$330,000

$274,990

AVG Price Per Sq Ft

0.7

1.1

-36.36%

$167.09

1,257

10.10%

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

1,384

102%

$133.72 99%

20.00%

24.96% 3.03%

JULY - SEPTEMBER

UN ION COUNTY Including Monroe, Waxhaw, Wedddington JULY THROUGH SEPT

2021

2020

%CHANGE

AVG Days on Market

10

-68.75%

Total Closed Homes

1,441

32 1,488

-3.16%

Median Sales Price

$384,900

$340,000

13.21%

AVG Price Per Sq Ft

0.8

1.4

$179.42

$144.13

103%

99%

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

1,587

1,530

-42.86%

24.48%

3.73%

4.04%

JULY - SEPTEMBER 6

ERA LIVE MOORE REAL ESTATE

2021 Q3 REAL ESTATE MARKET UPDATE

CHARLOTTE-AREA

COUNTIES

Residential

YORK COUNTY, SC Including Fort Mill, Lake Wylie, Rock Hill

2021

2020

%CHANGE

33

1,644

-66.67%

1,588

Median Sales Price

$338,740

3.53%

$300,000

AVG Price Per Sq Ft

List to Sales Price Ratio

102%

JULY THROUGH SEPT

AVG Days on Market Total Closed Homes AVG Months Supply

Total New Listings

11

0.8

12.91%

$173.21

1.3

$144.39

-38.46%

1,775

1,730

2.60%

99%

19.96% 3.03%

JULY - SEPTEMBER -------------

LANCASTER COUNTY, SC Including Lancaster, Indian Land JULY THROUGH SEPT

2021

2020

AVG Days on Market

12

44

Total Closed Homes

579

686

Median Sales Price

$369,000

$328,500

AVG Price Per Sq Ft

$164.43

$135.42

AVG Months Supply

Total New Listings

------List to Sales Price Ratio

7

0.9

632

1.4

102%

JULY - SEPTEMBER

722

99%

%CHANGE

-72.73% -15.60%

12.33%

-35.71% 21.42% -12.47% 3.03%

ERA LIVE MOORE REAL ESTATE 2021 Q3 REAL ESTATE MARKET UPDATE

WINSTON SALEM

&

HIGH PQINTResidential WINSTON SALEM JULY THROUGH SEPT

2021

2020

AVG Days on Market

16

-51.52%

Total Closed Homes

1,272

33

$200,000

9.75%

1,062

19.77%

1.5

-33.33%

1,167

17.22%

Median Sales Price

$219,490

AVG Price Per Sq Ft

$133.11

$117.47

102%

99%

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

1

1,368

%CHANGE

13.31% 2.31%

JULY - SEPTEMBER

HIGH POINT

2021

2020

%CHANGE

AVG Days on Market

13

-61.76%

Total Closed Homes

539

34

16.85%

JULY THROUGH SEPT

355

14.19%

Median Sales Price

$215,000

$184,000

AVG Price Per Sq Ft

$123.11

$100.66

22.30%

10%

99%

-89.50%

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

0.9

572

1.5

-40.00%

464

23.28%

JULY - SEPTEMBER 8

ERA LIVE MOORE REAL ESTATE 2021 Q3 REAL ESTATE MARKET UPDATE

GREENSBORO Residential

GREENSBORO JULY THROUGH SEPT

2021

2020

%CHANGE

AVG Days on Market

12

27

1,520

-55.56%

1,349

Median Sales Price

$225,865

12.68%

$205,000

10.18%

AVG Price Per Sq Ft

List to Sales Price Ratio

102%

Total Closed Homes AVG Months Supply

Total New Listings

0.9

$136.85

1.5

$116.56

-40.00%

1,623

1,550

4.71%

JULY - SEPTEMBER -------

-----

100%

17.41% 2.40%

ERA LIVE MOORE REAL ESTATE

2021 Q3 REAL ESTATE MARKET UPDATE

ASHEVILLE Residential

ASHEVILLE JULY THROUGH SEPT

2021

AVG Days on Market

24

Total Closed Homes

50

709

448

Median Sales Price

$415,000

AVG Price Per Sq Ft

$283.30

AVG Months Supply

Total New Listings

-------List to Sales Price Ratio

2020

$360,000

1.6

3.12% 15.28%

-50.00%

825

0.36%

98%

100%

-52.00%

3.2

$233.65

828

%CHANGE

21.25% 2.04%

JULY - SEPTEMBER

10

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Ral ei ghOc c upi edHous i ngUni t s * *

43%ofhomesi nRa l ei gha r er ent er oc c upi ed hous ehol ds&56%owner oc c upi ed.

AsofAugus t , 2021, t heAver ageMont h’ sRent i nRa l ei ghi s$1, 468.

* Tr i a ngl eML S* *Rent Ca f e. c om

www.ERALiveMoore.com