Report Shows Increase in Asheville Area Real Estate

Moving to North Carolina.jpg

Homes are going fast. Actually, the average number of days a property was on the market from the time it was listed until it closed (list to close) was 116 days in April 2019 compared to 118 days in April 2018.  The interesting stuff is that people seem to be moving west. Haywood County’s closed sales in April 2019 increased 28.2 percent compared to sales in April 2018, while sales compared to March 2019 rose 31.6 percent. 

Yep, homes are going fast!

The Carolina Multiple Listing Services, Inc. (CarolinaMLS) provides monthly reports on residential real estate market activity for the Asheville Metropolitan Statistical Area (MSA)*. The Asheville MSA includes Buncombe, Haywood, Henderson and Madison counties.

Asheville MSA year-over-year home sales in April 2019 increased 1.9 percent, with 600 properties sold compared to 589 properties sold in April 2018. Compared to March 2019, closed sales increased 7.3 percent.

The average sales price in April 2019 ($324,703) increased 1.8 percent compared to April 2018 ($318,910), while the median sales price ($276,750) increased 1.0 percent compared to April 2018 ($274,000). Compared to prices in March, both the average and median sales price declined 1.9 percent and 0.6 percent respectively.

The average list price across the MSA in April 2019 ($428,017) increased 15.7 percent compared to the average list price in April 2018 ($369,891), while the percent of original list price to sales price was 94.7 percent.  Pending sales, which indicate buyer demand, rose 20.7 percent when compared to April 2018 and are up 2.6 percent compared to March 2019.