Weekly Market Activity Report
For Week Ending April 13, 2024 (Data current as of April 22, 2024)
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 unavailable until the following day.
Amid higher borrowing costs, mortgage rate buydowns have become an increasingly popular choice among homebuyers looking to save some money on the purchase of their next home. According to a recent study by Freddie Mac, about 58.8% of purchase borrowers paid discount points last year, up from 53.6% and 31.3% of purchase borrowers in 2022 and 2021, respectively. Regionally, borrowers in the Pacific and Mountain West were more likely to pay points compared to borrowers in the Midwest and parts of the Northeast.
In the Charlotte region, for the week ending April 13:
- New Listings increased 8.4% to 1,191
- Pending Sales increased 17.3% to 1,009
- Inventory increased 21.7% to 6,182
For the month of March:
- Median Sales Price increased 4.5% to $385,000
- List to Close decreased 11.0% to 89
- Percent of Original List Price Received increased 1.1% to 97.3%
- Months Supply of Homes for Sale increased 28.6% to 1.8
View the full Charlotte report
Asheville Region
In the Asheville region, for the week ending April 13:
- New Listings increased 4.2% to 273
- Pending Sales increased 16.8% to 250
- Inventory increased 32.4% to 2,295
For the month of March:
- Median Sales Price increased 8.9% to $408,500
- List to Close increased 1.9% to 108
- Percent of Original List Price Received decreased 0.3% to 94.8%
- Months Supply of Homes for Sale increased 42.1% to 2.7
View the full Asheville report
Catawba Valley region
In the Catawba region, for the week ending April 13:
- New Listings decreased 0.9% to 109
- Pending Sales decreased 2.2% to 89
- Inventory increased 39.2% to 724
For the month of March:
- Median Sales Price increased 7.9% to $283,900
- List to Close increased 3.5% to 89
- Percent of Original List Price Received decreased 0.6% to 96.1%
- Months Supply of Inventory increased 46.7% to 2.2