Weekly Market Activity Report
For Week Ending March 16, 2024 (Data current as of March 25, 2024)
Weekly market activity data and reports are provided by ShowingTime, and updated on Mondays by 2:00 pm, once received. Exceptions are on Monday holidays when data/reports are unavailable until the following day.
The U.S. homeownership rate declined in the fourth quarter of 2023, sliding 0.3% from the third quarter to 65.7% at year’s end, according to the Census Bureau’s Housing Vacancy Survey, as higher interest rates and a limited supply of inventory put homeownership out of reach for some buyers. The latest reading fell short of the 25-year average rate of 66.4%, with the less than 35 age group experiencing the largest quarterly decline in homeownership rate, at 0.6%.
In the Charlotte region, for the week ending March 16:
- New Listings increased 5.8% to 1,153
- Pending Sales increased 5.1% to 996
- Inventory increased 14.7% to 5,943
For the month of February:
- Median Sales Price increased 9.0% to $385,000
- List to Close decreased 8.8% to 93
- Percent of Original List Price Received increased 1.7% to 96.8%
- Months Supply of Homes for Sale increased 21.4% to 1.7
View the full Charlotte report
Asheville Region
In the Asheville region, for the week ending March 16:
- New Listings decreased 3.6% to 293
- Pending Sales decreased 8.1% to 216
- Inventory increased 26.2% to 2,079
For the month of February:
- Median Sales Price decreased 1.5% to $393,950
- List to Close decreased 4.6% to 103
- Percent of Original List Price Received decreased 0.9% to 93.3%
- Months Supply of Homes for Sale increased 41.2% to 2.4
View the full Asheville report
Catawba Valley region
In the Catawba region, for the week ending March 16:
- New Listings increased 14.2% to 121
- Pending Sales increased 13.0% to 104
- Inventory increased 48.1% to 724
For the month of February:
- Median Sales Price increased 16.0% to $281,000
- List to Close increased 1.1% to 88
- Percent of Original List Price Received decreased 1.1% to 94.1%
- Months Supply of Inventory increased 57.1% to 2.2