TABLEOF CONTENTS

Data Disclaimer: The source of all data contained in this report is provided by the Canopy REALTOR® Association, Triad Real Estate MLS, & Paragon MLS (Raleigh).

Data provided for Charlotte is comprised of the Charlotte mailing area as reflected in the Canopy REALTOR® Association.

Information is deemed reliable but not guaranteed. Consult your ERA Live Moore Sales Associate | Charlotte Regional REALTOR® Association for more information.

Copyright 2023 ERA Live Moore Real Estate.

Each Office is Independently Owned & Operated

Dear Friends, Clients, Colleagues,

I am pleased to present to you our first quarter market report for the markets we serve throughout North Carolina As President & CEO of ERA Live Moore, I am honored to provide you the current market trends and forecasts for the areas we serve.

Spring is in full bloom throughout our markets in the Carolinas It's a wonderful time of year for striking curb appeal, with homeowners from Charlotte, to Raleigh, Winston Salem, the mountains region, and everywhere in between, taking advantage of the season's natural beauty

How are the markets faring in our first quarter of 2023? We're still in an interesting period of change Higher interest rates have been weighing on the market for months, and they appeared to suppress activity again in the first quarter Prices, however, have held firmer, with the median sale price rising 1 4% and average sale price rising 4 3%, year over year

What can buyers and sellers expect as 2023 continues? The National Association of Realtors' (NAR) Chief Economist has predicted that mortgage rates will continue to rise in 2023, leveling around 5 5% or 6% within the next 12-24 months Additionally, home prices are expected to rise by 15% to 25% over the next five years, which means now is a great time to buy or sell

While the past year has been a seller's market, there are signs that the tide may be turning NAR predicts that next year could be a buyer's market as more sellers increase inventory. This should lead to a balanced market In conclusion, the North Carolina housing market is a great place to be, whether you're a buyer or seller!

When considering your real estate needs in 2023, you may 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 guide you through the entire process–we are always available to answer any questions you may have!

Eb Moore, President & CEO ERA Live Moore Real Estate & Our Family of Companies

"While the past year has been a seller's market, there are signs that the tide may be turning...the North Carolina housing market is a great place to be, whether you're a buyer or seller!"

-Eb Moore, President & CEO ERA Live Moore Real Estate & Our Family of Companies.

McDowell County RESIDENTIAL SALES SUMMARY

A predominately rural region, McDowell County boasts a wide array of natural beauty and scenic attractions, drawing tourists to it's waterfalls, hiking trails, mountain biking, and myriad outdoor pursuits Quaint shops can be found from the market town of Marion, to the charming country town of Old Fort Aside from Wilkes County, McDowell and Burke Counties offer some of the most affordable housing in the state!