For Week Ending June 18, 2022 (Data current as of June 27, 2022)*

The 30-year fixed rate mortgage averaged 5.78% the week ending 6/17, rising 55 basis points from the previous week and marking the largest one week increase since 1987, according to Freddie Mac. Mortgage rates are nearly double compared to this time last year, with rates spiking following the Federal Reserve’s recent decision to raise the benchmark interest rate by three quarters of a percentage point in order to help quash rising inflation.

In the Charlotte region, for the week ending June 18:

• New Listings increased 7.1% to 1,514
• Pending Sales decreased 10.4% to 1,142
• Inventory increased 1.2% to 4,592

For the month of May:

• Median Sales Price increased 20.4% to $390,000
• List to Close decreased 5.7% to 66
• Percent of Original List Price Received increased 1.2% to 102.8%
• Months Supply of Homes for Sale remained flat at 0.9

View the full Charlotte report

Asheville Region

In the Asheville region, for the week ending June 18:

• New Listings increased 7.5% to 389
• Pending Sales decreased 13.3% to 274
• Inventory decreased 20.5% to 1,796

For the month of May:

• Median Sales Price increased 16.1% to $400,500
• List to Close decreased 18.3% to 76
• Percent of Original List Price Received increased 2.7% to 101.3%
• Months Supply of Homes for Sale decreased 11.8% to 1.5

View the full Asheville report

Catawba Valley region

In the Catawba Valley region, for the week ending June 18:

• New Listings decreased 13.9% to 118
• Pending Sales increased 4.3% to 98
• Inventory decreased 12.2% to 439

For the month of May:

• Median Sales Price increased 15.2% to $253,490
• List to Close decreased 8.8% to 62
• Percent of Original List Price Received increased 0.9% to 100.3%
• Months Supply of Inventory decreased 15.4% to 1.1

View the full Catawba Valley report

* 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 not available until the following day.