This week ATTOM Data Solutions released their Q1 2020 U.S. Home Equity and Underwater Report, showing that just over one in four homeowners have at least 50% equity in their homes. The Mortgage Bankers Association reported that mortgage applications were up again last week, which is further sign of strengthing buyer interest as much of the country sees a gradual softening of stay-at-home orders due to COVID-19.

Charlotte Region

For the week ending May 9:

• New Listings decreased 18.5% year-over-year to 1,234
• Pending Sales increased 14.0% year-over-year to 1,332
• Inventory decreased 23.4% year-over-year to 7,782

For the month of April:

• Median Sales Price increased 7.5% year-over-year to $273,500
• List to Close decreased 6.3% year-over-year to 90
• Percent of Original List Price Received increased 0.7% year-over-year to 97.7%
• Months Supply of Homes for Sale decreased 24.0% year-over-year to 1.9 months

Asheville Region

For the week ending May 9:

• New Listings decreased 28.2% year-over-year to 298
• Pending Sales increased 24.8% year-over-year to 302
• Inventory decreased 25.3% year-over-year to 3,748

For the month of April:

• Median Sales Price increased 4.4% year-over-year to $266,250
• List to Close increased 2.4% year-over-year to 130
• Percent of Original List Price Received increased 1.0% year-over-year to 94.7%
• Months Supply of Homes for Sale decreased 28.1% year-over-year to 4.1 months