In the latest National Association of Home Builders / Wells Fargo Housing Market Index report released this week, home builder confidence in the market for newlybuilt single-family homes rose five points from 78 in August to 83 in September, tying an all-time high in the 35-year history of the index. While lumber prices are up 170% from mid-April, adding more than $16,000 to the price of a typical new single-family home, strong demand by homebuyers has buoyed builders’ outlook.

Charlotte Region

For the week ending Sept. 19:

• New Listings decreased 11.0% year-over-year to 1,321
• Pending Sales increased 38.2% year-over-year to 1,339
• Inventory decreased 48.8% year-over-year to 5,419

For the month of August:

• Median Sales Price increased 12.8% year-over-year to $290,000
• List to Close decreased 2.3% year-over-year to 86
• Percent of Original List Price Received increased 1.7% year-over-year to 98.5%
• Months Supply of Homes for Sale decreased 50.0% year-over-year to 1.3 months
  
  

Asheville Region

For the week ending Sept. 19:

• New Listings increased 5.5% year-over-year to 328
• Pending Sales increased 68.3% year-over-year to 382
• Inventory decreased 47.5% year-over-year to 2,847

For the month of August:

• Median Sales Price increased 16.4% year-over-year to $305,000
• List to Close decreased 9.0% year-over-year to 122
• Percent of Original List Price Received increased 1.5% year-over-year to 95.5%
• Months Supply of Homes for Sale decreased 50.0% year-over-year to 3.0 months