Wilkinson ERA Relocation: Q2 Area Market Report by ERA Live Moore Real Estate and our family of companies

F r i ends , Cl i ent s , Col l ea gues , Onc ea ga i n, wea r ei nc r edi bl ygr a t ef ul t oha v eha dt hepr i v i l egeofwor k i ngwi t hy oudur i ngt he s ec ondqua r t erof2020. Cha r l ot t ea nds oma nyofourr ea l es t a t ema r k et st hr oughoutt heCa r ol i na sha v eunques t i ona bl y beena ﬀec t edbyCOVI D19a ndha v ef el tt hei mpa c t sofas t r a i nedi nv ent or y . Af t erma ny c ons ec ut i v emont hsofr educ edi nv ent or y , ma r k et st hr oughoutNor t hCa r ol i na , i nc l udi ng Cha r l ot t e, a r ebegi nni ngt oex per i enc es l uggi s hCl os edS a l esduet ot hehous i ngs hor t a ge. Pr i c epoi ntha sdr i v ent hi st r endi nt hewi derCha r l ot t ea r ea , wi t hr s t t i mebuy er ss our c i ng homesi nt he$300ka ndupr a ngea c c ount i ngf ort hebul kofbuy era c t i v i t yi nMec k l enbur g Count y . S ec ondqua r t ers a wt heMedi a nS a l esPr i c ec l i mbwhi l eDa y sonMa r k etr eec t edt hef a s t pa c eofbuy er sdes per a t ef orhous i ng—as t a r kc ont r a s tt ot hi st i mei n2018, wher eaba l a nc ed ma r k etha dbuy er st a k i ngt hei rt i met o ndt her i ghtpr oper t y . Wha ta r eourr ea l es t a t epr edi c t i onsf ort het hi r dqua r t erof2020?Wi t hCl os edS a l esdowni nt he wi derCha r l ot t ea r eaduet os el l er s ’ hes i t a t i onswi t hl i s t i ngt hei rhomes , t i mewi l l bet hek ey i ndi c a t ora st owhet hert het hi r dqua r t erbegi nst os eea nupwa r dmov ementi nl i s t i ngst o ma r k et . Ma k enomi s t a k e, wea r ec on denta boutt hel ongt er m hea l t hoft her egi on‘ sr ea l es t a t e ma r k et , wi t hPr i c ePerS qua r eF ootc ont i nui ngi t squa r t er l yc l i mb, unc ont es t ed. Knowi ngt ha ta r obus tdema ndex i s t sf orhomesi nmos ta r ea sofNor t hCa r ol i na( i nt hema r k et swes er v e) , gi v es usc on denc ea nds houl da l l a ya nyc onc er nsc ons umer sma yha v eha dorc ur r ent l yhol d. Doy ouha 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 wa l ky 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 eourk nowl edgewi t hy oua boutt woofourf a v or i t et opi c s r ea l es t a t e a ndr el oc a t i on—a ndl ookf or wa r dt oc ont i nueds uc c es si n2020! J oa nT homa s , S CRP, GDS 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 AREA

RESIDENTIAL SALES SUMMARY The second quarter for the Charlotte Region residential real estate market represents change and uncertainty. While we continue to see Median Sales Price and Price Per Square Foot increase and Days on Market reduce, the tight inventory is causing buyers to act quickly when they see a property of interest. Whether the third quarter sees an increase in homes being listed, in the midst of a global pandemic, remains a "known unknown" in the market. Key observationsfrom this Second Quarter 2020 Charlotte Area Market Report are:

-Through June of 2020 the Median Sales Price leads across most Charlotte area markets, with the slowest growth found in York County, with growth of .99% and Union County, at 2.80%. -New Listings are down by double-digit amounts in most of the Charlotte area, with the exception of Union and York Counties, which saw a 9.04% and 5.18% increase, respectively. -Inventory, or Months Supply, are all showing steep reductions, except York County's welcome 5.18%. For the Charlotte area, this is perhaps the sharpest decline in years and the most telling statistic in all of the Q2 Market Report. -The average days to sell a home continued to trend downwards in all areas in and close to Charlotte, rising only in Cabarrus County and Union County, with 27.27% and 7.50% increases in Days on Market.

CHARL OTTE CI TYResidential DaysonMar ket Apr i l t hr ough June

Q22019

Li stt oSal esPr i ceRat i o Apr i l t hr ough June

Q22020

Q22019

Q22020

Q22019

Q22020

Medi anSal esPr i ce Apr i l t hr ough June

Sol dHomes/Cl osedSal es Apr i l t hr ough June

Q22019

4, 837

99%

Q22020

Mont hsSuppl y Apr i l t hr ough June

Q22019

Q22020

2. 3

1. 5

Pr i cePerSquar eFoot Apr i l t hr ough June

Q22019

$164. 71

Q22020

$174. 894

6. 21%

New Li st i ngs Apr i l t hr ough June

Q22019

Q22020

6036

4795

20. 56%

eMe di a nS a l e sP r i c ei n Q22 0 2 0f oras i ng l ef a mi l y homei nCha r l ot t ewa s $ 2 8 5 , 0 0 0f ora y e a rov e ry e a ri nc r e a s eof 7 . 5 5 %

Apa r t me ntoc c upa nc yi nCha r l ot t e i s9 1 . 8 %wi t hmor et ha n2 0 , 9 6 1uni t spr opos e d i nne wa pa r t me ntpr oj e c t s&c ommuni t i e s .

Asof J une2 0 2 0 , t hea v e r a g emont h’ s r e nti nCha r l ot t ewa s$ 1 , 3 7 3 ( a2 . 4 8 %de c r e a s eon2 0 1 9 ) * *

eMe di a nS a l e sP r i c ei n 2 0 2 0f oras i ng l ef a mi l y homei nMe c k l e nbur gCount y wa s$ 2 9 9 , 6 9 6f ora y e a rov e ry e a ri nc r e a s eof 8 . 1 9 %

* Re nt J ung l e . c om| * * RE NTTr e ndDa t af orCha r l ot t e , NC

ME CKL E NBURG COUNTYResidential I n c l u d i n gCh a r l o t t e , Co r n e l i u s , Da v i d s o n , Hu n t e r s v i l l e

DaysonMar ket Apr i l t hr ough June

Q 2 2 0 1 9 Q 2 2 0 1 8

Li stt oSal esPr i ceRat i o Q2 22 Q 20 01 19 8

Apr i l t hr ough June

Q22020

43 Q22020

Medi anSal esPr i ce Apr i l t hr ough June

Q22019

Sol dHomes/Cl osedSal es Apr i l t hr ough June

Q22020

99%

Q22019

Q22020

Mont hsSuppl y Apr i l t hr ough June

Pr i cePerSquar eFoot Apr i l t hr ough June

Q22019

Q22020

$98. 70

$170. 72

Q22019

Q22020

7, 730

6, 095

72. 97%

New Li st i ngs Apr i l t hr ough June

21. 15%

L or e mI ps um

CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December Lor em I p s u mA P R J UN

CABARRUSCOUNTY

43 3 Q22 0 1 94

Li stt oSal esPr i ceRat i o 3 3 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

Q2 2 0 2 0 4 3 4 2

2 7 . 2 7 %

1 , 1 0 2 $ 2 3 0 , 0 0 0

1 , 0 7 5 $ 2 4 5 , 0 0 0

2 . 4 5 %

2 . 3

1 . 9

$ 1 1 3 . 5 9 1 , 4 8 1

$ 1 1 9 . 1 4 1 , 4 0 0 9 9 %

9 9 %

A I L-J UNE Sol dHomes/Cl osedSal eP sR J anuar y t hr ough Dec ember

6 . 5 2 % 1 7 . 3 9 % 4 . 8 9 % 5 . 4 7 % 0 . 0 0 %

99%

UNI ONCOUNTY Mont h s S p pl y AP R -u J U N Januar y t hr ough December

Q22 0 1 9

Q22 0 2 0

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

AP RI L-J UNE 25, 091

24, 603

1. 94%

CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December

YORKCOUNTY, S C

APR-J UN

Li stt oSal esPr i ceRat i o J anuar y t hr ough Dec ember

Medi anSal esPr i ce Januar y t hr ough December

Lor e mI ps um

Sol dHomes/Cl osedSal es

43Q220 1 9 4 3

Q22020

4 9

0 . 0 0 %

1 , 0 3 1

9 7 9

$ 2 4 2 , 5 0 0

$ 2 4 4 , 9 0 0

5 . 0 4 % 0 . 9 9 %

2 . 2

3 . 0

3 6 . 3 6 %

$ 1 1 6 . 7 9

$ 1 2 2 . 2 1

4 . 4 6 %

1 , 5 4 4 9 8 %

1 , 6 2 4 9 8 %

5 . 1 8 % 0 . 0 0 %

AP RI L-J UNE

99%

J anuar y t hr ough Dec ember

L ANCAS TE RCOUNTY, S C

Mont hsSuppl y Januar y t hr ough December

APR-J UN

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

L or e mi ps um

LI s tt oSa l e sPr i c eRa t i o

25, 091

Q22019

Q22020

6 3

8 . 7 0 %

4 0 5

3 6 4

1 0 . 1 2 %

$ 2 7 0 , 9 6 5

$ 2 8 4 , 3 0 3

4 . 9 2 %

3 . 7 3

2 . 9

2 2 . 2 5 %

$ 1 1 5 . 5 2 $150. 71 5 8 8

5 . 7 0 %

$ 1 2 2 . 1 0 9 . 9 0 % 5 8 1

9 8 %

1 . 1 9 % 1 . 0 2 %

9 9 %

AP RI L-J UNE 24, 603

1. 94%

L or e mI ps um

WI NS TONS AL E M&

HI GHP OI NTResidential DaysonMar ket Januar y t hr ough December

WI NS TONS AL E M

p s um 4 3 3 2019 4

Li stt oSal esPr i ceRat i o 3 8 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

20 2 0 4 3 3 2

7 . 8 9 %

1 , 2 1 6 $ 1 7 4 , 7 0 0

1 , 0 2 9 $ 1 9 1 , 0 0 0

1 5 . 3 8 %

2 . 3

2 . 2

$ 1 2 6 . 2 6

$ 1 1 1 . 1 9

1 , 3 1 2

1 , 0 2 0 9 9 %

3 9 6 3 %

9 . 3 3 % 4 . 3 5 % 1 1 . 9 4 % 2 2 . 2 6 % 9 7 . 5 1 %

A R I L T HROUGHJ UNE Sol dHomes/Cl ose dP S a l e s

99%

J anuar y t hr ough Dec ember

HI GHP OI NT AP RTHROUGHJ UN Januar y t hr ough December

Mont h s Suppl y 2 0 1 9

2 0 2 0

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

AP RI LTHROUGHJ UNE 25, 091

24, 603

1. 94%

DaysonMar ket Januar y t hr ough December

GRE E NS BORO

APRT HROUGHJ UN

Li stt oSal esPr i ceRat i o J anuar y t hr ough Dec ember

Medi anSal esPr i ce Januar y t hr ough December

Lor e mI ps um

Sol dHomes/Cl osedSal es

Q22019

Q22020

3 8

3 2

1 5 . 7 9 %

1 , 2 1 3

9 8 4

1 8 . 8 8 %

$ 1 8 7 , 0 0 0

$ 1 9 7 , 5 0 0

5 . 6 % 3 . 8 5 %

$ 1 0 8 . 2 9

$ 1 1 3 . 7 4

5 . 0 3 %

1 , 5 3 7 9 8 %

1 , 2 8 6 9 9 %

1 6 . 3 3 % 0 . 4 6 %

5 4

5 6

3 . 7 0 %

1 , 5 6 1

1 , 8 4 6

1 8 . 2 6 %

$ 2 6 8 . 0 0 0

$ 2 7 8 , 9 5 0

4 . 0 9 %

3 . 6

2 . 9 9

1 6 . 9 4 %

APRI L-J UNE

99%

J anuar y t hr ough Dec ember

AS HE VI L L E

Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

L or e mi ps um

LI s tt oSa l e sPr i c eRa t i o

25, 091

$ 1 1 4 . 8 2 $150. 71 2 , 1 4 4 9 8 %

3 . 6 1 %

$ 1 1 8 . 9 6 9 . 9 0 % 2 , 2 1 7

3 . 4 0 % 0 . 0 0 %

9 8 %

J ANUARY-DE CE MBE R 24, 603

1. 94%

L or e mI ps um

AS HE VI L L E R e s i d e n t i a l

DaysonMar ket Januar y t hr ough December

AS HE VI L L E Mo u n t a i n s APRTHROUGHJ UN

43Q22019 43

Q22020

Li stt oSal esPr i ceRat i o 61 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

36. 07%

621

444

28. 50%

$333, 000

$336, 732

1. 12%

4. 23

3. 2

24. 35%

$211. 67 887

$215. 46

1. 79% 2 0 . 8 6 % 0. 00%

702 9 8 %

9 8 %

P RI L-J UNE Sol dHomes/Cl osedSaA l e s J anuar y t hr ough Dec ember

99%

HI GHP OI NT Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

J ANUARY-DE CE MBE R 25, 091

24, 603

1. 94%

1 0

WILKINSON ERA REAL ESTATE 2020 Q2 REAL ESTATE MARKET UPDATE

RALEIGH

DURHAM Residential RALEIGH (City) APR THROUGH JUNE

2019

AVG Days on Market

Total Closed Homes

Median Sales Price

2020

%CHANGE

-15.00%

2,655

2,261

-14.84%

$279,900

$298,500

6.65%

2.2

1.5

-31.82%

$159.00

$166.00

4.40%

Total New Listings

3,199

2,620

-18.10%

List to Sales Price Ratio

99%

2020

%CHANGE

7.14%

AVG Months Supply AVG

Price Per Sq Ft

-------DURHAM

APR- JUNE

(City)

APR THROUGH JUNE

2019

AVG Days on Market

Total Closed Homes

1,511

1,349

-10.72%

Median Sales Price

$275,000

$285,000

3.64%

AVG Months Supply

1.9

1.7

-10.53%

$154.00

$160.00

3.90%

Total New Listings

1,940

1,521

-21.60%

List to Sales Price Ratio

100%

99%

-1.00%

AVG

Price Per Sq Ft

--------

APR- JUNE 11

2019 4, 753

1. 4 BI LLI ON

I NSALES

VOLUME

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