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REL ESTTE RKET REPORT NEW ORLENS Su Tu W 3 4 5 6 1 11 12 13 1 18 19 2 24 25 26 2 31 Th F Sa Sunday, December 3 1 2 21 8 9 14 15 16 21 22 23 28 29 3 TBLE OF CONTENTS Charts and Commentary.. Pages 1-2 arket Summary Table.. Page 3 Glossary... Page 4 111 N. Causeway Blvd., Suite 11 andeville, L 448 www.ylocalrealestate.com www.callwayneturner.com https://www.facebook.com/turnerrealestategroup http://twitter.com/nolamarketvalue http://www.youtube.com/user/wyneturnercom Real arket Reports www.realarketreports.com

REL ESTTE RKET REPORT NEW ORLENS Sunday, December 3, 21 Let's take a look at the real estate market. Currently there are 491 sales pending in the market overall, leaving 138 listings still for sale. The resulting pending ratio is 22.% (491 divided by 2,229). So you might be asking yourself, that's great... but what exactly does it mean? I'm glad you asked! The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. lternatively, a low ratio means there are not enough qualified buyers for the existing supply. "Current inventory is described as mildly active." Taking a closer look, we notice that the 1K - 2K price range has a relatively large number of contracts pending sale. We also notice that the 1K - 2K price range has a relatively large inventory of properties for sale at 32 listings. The median list price (or asking price) for all properties in this market is 349,. 35 3 25 2 15 1 5 Properties For Sale Contracts Pending ber of ings For Sale vs. Pending Contract Updated 12/3/21, RealarketReports.com K 1K 2K 3K 4K 5K 6K K 8K 9K 1. 1.1 1.2 1.3 1.4 45 4 35 Sold Off-arket Sold vs. Off-arket (Last 6 mos.) Updated 12/3/21, RealarketReports.com total of 15 contracts have closed in the last 6 months with a median sold price of 262,5. Breaking it down, we notice that the 1K - 2K price range contains the highest number of sold listings. 3 25 2 15 1 5 K 1K 2K 3K 4K 5K 6K K 8K 9K 1. 1.1 1.2 1.3 1.4 lternatively, a total of 22 listings have failed to sell in that same period of time. ings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The 1K - 2K price range has the highest number of off-market listings at 148 properties. Real arket Reports www.realarketreports.com 1 arket Dashboard

REL ESTTE RKET REPORT NEW ORLENS Sunday, December 3, 21 Looking at the chart to the right, you might be wondering why average days on market (DO) is important. This is a useful measurement because it can help us to determine whether we are in a buyer's market (indicated by high DO), or a seller's market (indicated by low DO). ctive listings (properties for sale) have been on the market for a median time of 8 days. nalysis of sold properties for the last six months reveals a median sold price of 262,5 and 35 days on market. Notice that properties in the 1. - 1.1 price range have sold quickest over the last six months. 16 14 12 1 8 6 4 2 K 1K Sold For Sale 2K 3K 4K 5K edian Days on arket (DO) 6K K Updated 12/3/21, RealarketReports.com 8K 9K 1. 1.1 1.2 1.3 1.4 The recent history of sales can be seen in the two charts below. The median sold price for the last 3 days was 266, with a DO of 32 days. Since the recent DO is less than the median DO for the last 6 months, it is a positive indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes. "The median list-to-sales ratio for this area is 95.5%." Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property. nalysis of the absorption rate indicates an inventory of 6. months based on the last 6 months of sales. This estimate is often used to determine how long it would take to sell off the current inventory of properties if all conditions remained the same. It is significant to mention that this estimate does not take into consideration any additional properties that will come onto the market in the future. 3K 25K 2K 15K 1K 5K K edian Sold s Updated 12/3/21, RealarketReports.com Jul ug Sep Oct Nov Dec 5 4 3 2 1 edian Days on arket (Sold) Updated 12/3/21, RealarketReports.com Jul ug Sep Oct Nov Dec Real arket Reports www.realarketreports.com 2 arket Dashboard

REL ESTTE RKET REPORT NEW ORLENS Sunday, December 3, 21 RKET SURY TBLE 491 PENDING [2] = verage Value = edian Value N/ = Not vailable Low Range High 99,999 139 5, 599,999 13 6, 699,999 86, 99,999 81 138 CTIVE [1] 1, 199,999 32 2, 299,999 3 3, 399,999 259 4, 499,999 191 8, 899,999 44 9, 999,999 33 1,, 1,99,999 1,1, 1,199,999 2 1,2, 1,299,999 18 1,3, 1,399,999 8 1,4, + 81 Date Range (Off-arket & Sold) = 6/4/21 to 12/3/21 Data believed to be accurate but not guaranteed. Days on arket 69 Current 2,355 5, 258,289 9 26, 9 449,5 Pend Ratio 68 33% 51 99 22 OFF-RKET (last 6 mos) [3] BSORPTION RTE (months of inventory) 15 SOLD/CLOSED (last 6 months) [4] 12 556, 64 5,85 564,82 549,221 23 14% 4 116 18 55, 28 569,5 565, 552,5 111 664,614,59 68,35 649,961 96% 24 22% 3 48 81 665, 42 685, 69, 651,25 96% 11 58,111 3 96,64 68,82 4,894 96% 15 16% 35 44 9 5, 56 95, 69, 39,5 96% 14 858, 62 921,688 888,6 8 855, 34 885, 85, 849,9 9% 148 92,99 115 1,18,222 983,222 18 99, 2 99, 985, 942,5 96% 69 1,,55 38 1,132, 1,13,429 43 1,8, 28 1,15, 1,15, 1,5, 91% 11 1,148,696 41 1,222,929 1,22,929 68 1,15, 14 1,249, 1,249, 1,125, 9% 15 1,268,86 1 1,451,429 1,36,14 66 1,25, 62 1,325, 1,325, 1,261, 95% 136 1,36,1 16 1,458,4 1,436,6 213 36 199 146 1,36,5 85 1,499, 1,39, 1,334,1 96% Days on arket 1 146,961 122 28% 148 421 1 145, 34 94 89 12 85 35,639 359,9 455,162 2,525,986 8 2% 14 3 22% 15 45 19% 13 23% 24 9 21% 15 5 42% 4 4 13% 1 5% 2 2% 5 9 1% 34 arket Totals 1,38 491 22% arket verages 1 493,318 256 33 9 5 18 66 9,36 36 9,9 63 164,164 159, 153,4 64 3 59 Original 3, 359, 4, 2,25, 3 1,825, 1,9,5 1,85, 99% 22 15 33 46, 2,258 65,543 91% 5, 68, 259,9 25, 58 3,314 358,523 346,28 Final 456,2 Sold/ Closed - Sale Ratio 91% 9% 165, 16, 156, 98% 265,58 35 269, 2,289,889 2,159,111 64 355,5 343,93 arket edians 8 349, 35 283,95 25, Status = [1] ; [2] C, U; [3] X; [4] S rea = 48, 49, 54, 59, 6, 61, 62, 63, 64, 65, 66, 6, 68, 69,, 1, 2, 3, 4, 5, 6,, 8, 9, 8, 85 Dwelling Type = SGL, TNH, CND Favors Sellers 258,459 248,64 96% 96% 9% 34,25 9% 442,814 9% 45, 439, 98% 9% 98% 846,22 95% 946,611 96% 1,41,214 94% 1,123,2 92% 1,25,35 92% 1,32,954 92% 1,94,36 91% 329,519 96% 262,5 95% Favors Buyers Est. os. 3.9 4.6 5 6.1 5.8.1 1.8 11 8 22 6 23.1 15.4 9.6 2 6 Real arket Reports www.realarketreports.com 3 arket Summary Table

REL ESTTE RKET REPORT NEW ORLENS Sunday, December 3, 21 1. PROPERTIES FOR SLE (CTIVE) a. ber ctive: The number of listings for sale which are currently being marketed but do not yet have a purchase agreement. b. Days on arket (DO): The marketing period of currently active listings. This does not account for some listings which have had a previous listing period, but were re-entered as a new listing. c. Current : The price that a property seller is currently asking. 2. CONTRCTS PENDING a. ber Pending: The number of current listings for which a contract has been signed but has not yet closed. b. Pending Ratio: Sometimes called a list-to-pending ratio. This is a measure of how fast properties are going under contract vs. how fast they are being listed. Pending Ratio = P (ber of Pending ings) +P (ber of ctive + Pending) (P) represents properties that buyers have chosen (+P) represents the entire pool from which they have chosen 3. OFF-RKET a. ber Off-arket: The number of listing agreements that have failed to close in the last 6 months. Some owners may choose to re-offer their property for sale. 4. PROPERTIES SOLD (CLOSED CONTRCT) a. ber Sold: The number of properties that have gone to a closing in the last 6 months. b. Days on arket (DO): The marketing time it has taken properties to sell in the last 6 months. c. Original : The price at which a sold property was originally marketed. d. Final : The price at which a sold property was marketed just prior to selling. e. Sold/Closed : The price for which a property sold. f. to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property. to Sales Ratio = Sold Final 5. BSORPTION RTE / ONTHS OF INVENTORY a. bsorption Rate / onths of Inventory: n estimate of how fast listings are currently selling measured in months. For example, if 1 properties sell per month and there are 8 properties for sale - there is an 8 month supply of inventory before counting the additional properties that will come on the market. Real arket Reports www.realarketreports.com 4 Glossary