The National Association of REALTORS® reported that existing-home sales rose again in October, the fifth monthly increase in a row. Total existing-home sales increased 4.3% from September, rising to a seasonally adjusted annual rate of 6.85 million homes, and marking the highest home sales level in 15 years. While home sales activity slows during the holiday season, overall buyer demand remains strong.

Charlotte Region

For the week ending Nov. 21:

• New Listings increased 13.5% year-over-year to 1,000
• Pending Sales increased 34.3% year-over-year to 1,155
• Inventory decreased 49.8% year-over-year to 5,009

For the month of October:

• Median Sales Price increased 14.0% year-over-year to $289,500
• List to Close decreased 14.1% year-over-year to 79
• Percent of Original List Price Received increased 2.3% year-over-year to 98.7%
• Months Supply of Homes for Sale decreased 50.0% year-over-year to 1.2 months
  
  

Asheville Region

For the week ending Nov. 21:

• New Listings increased 25.1% year-over-year to 279
• Pending Sales increased 43.1% year-over-year to 309
• Inventory decreased 50.7% year-over-year to 2,542

For the month of October:

• Median Sales Price increased 18.7% year-over-year to $315,625
• List to Close decreased 8.0% year-over-year to 115
• Percent of Original List Price Received increased 3.1% year-over-year to 95.7%
• Months Supply of Homes for Sale decreased 55.2% year-over-year to 2.6 months