A bit of good news this week on the home affordability front as the 30-year fixedrate mortgage slipped below 3 percent to 2.97%, according to Freddie Mac. The benchmark 30-year fixed-rate mortgage rate, while still higher than a few months ago, remains more than one third of a percent less than the same time last year. The slight pullback in rates may be short lived, however, as Nadia Evangelou, senior economist for the National Association of REALTORS®, still expects rates to rise in the coming months

Charlotte Region

For the week ending April 24:

• New Listings increased 26.4% to 1,234
• Pending Sales increased 36.9% to 1,339
• Inventory decreased 68.2% to 2,971

For the month of March:

• Median Sales Price increased 12.7% to $306,500
• List to Close decreased 18.8% to 78
• Percent of Original List Price Received increased 2.9% to 100.1%
• Months Supply of Homes for Sale decreased 66.7 to 0.7%

Asheville Region

For the week ending April 24:

• New Listings increased 32.3% to 299
• Pending Sales increased 82.7% to 369
• Inventory decreased 61.9% to 1,618

For the month of March:

• Median Sales Price increased 20.8% to $320,000
• List to Close decreased 19.1% to 110
• Percent of Original List Price Received increased 3.7% to 97.1%
• Months Supply of Homes for Sale decreased 68.9% to 1.4