For Week Ending January 8, 2022 (Data current as of January 18, 2022)

Mortgage rates rose to their highest level since May 2020, with the 30-year fixed rate mortgage averaging 3.22% during the first week of 2022, more than half a percent higher than January 2021. The increase in interest rates has had little effect on buyer demand, which remains high into the new year, as purchase loan applications were up 1.4% on a seasonally adjusted basis the same week, according to the Mortgage Bankers Association’s Market Composite Index.

Charlotte region

In the Charlotte region, for the week ending January 8:

• New Listings decreased 11.1% to 952
• Pending Sales decreased 5.5% to 879
• Inventory decreased 36.0% to 3,201 

For the month of December:

• Median Sales Price increased 20.0% to $350,000
• List to Close decreased 10.7% to 75
• Percent of Original List Price Received increased 1.3% to 100.2%
• Months Supply of Homes for Sale decreased 36.4% to 0.7

View the full Charlotte report

Asheville Region

In the Asheville region, for the week ending January 8:

• New Listings decreased 1.6% to 179
• Pending Sales decreased 14.6% to 193
• Inventory decreased 41.2% to 1,444

For the month of December:

• Median Sales Price increased 13.1% to $352,750
• List to Close decreased 20.5% to 89
• Percent of Original List Price Received increased 1.1% to 97.1%
• Months Supply of Homes for Sale decreased 45.5% to 1.2

View the full Asheville report