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