13 MONTH MARKET TRENDS

– LUXURY MONTHLY MARKET REVIEW –

A Review of Key Market Differences Year over Year

March 2020 | March 2021

SINGLE-FAMILY HOMES

March 2020 March 2021

Median List Price $1,595,000 $1,799,000 Median Sale Price $1,315,000 $1,403,500 Median SP/LP Ratio 97.25% 99.59% Total Sales Ratio 17.48% 71.64% Median Price per Sq. Ft. $350 $402

Median prices represent properties priced above respective city benchmark prices.

March 2020 March 2021

Total Inventory 44,856 23,040

New Listings

11,859 10,456 Total Sold 7,841 16,506 Median Days on Market 43 18 Average Home Size 3,716 3,531



1,403 8,665 $44,442 25 54%

New Listings Total Sold Med. Sale Price Days on Market Sales Ratio

SINGLE-FAMILY HOMES MARKET SUMMARY | MARCH 2021

• Official Market Type: Seller's Market with a 71.64% Sales Ratio.1 • Homes are selling for an average of 99.59% of list price. • The median luxury threshold2 price is $900,000, and the median luxury home sales price is $1,403,500. • Markets with the Highest Median Sales Price: Naples ($4,297,500), Vail ($4,100,000),

Santa Barbara ($3,850,000), and Los Angeles Beach Cities ($3,775,000). • Markets with the Highest Sales Ratio: GTA-Durham (344%), Austin (307%), East Bay (275%) and Ada County (251%).