Local Market Update for August 2020

A research tool provided by the Canopy Realtor® Association

FOR MORE INFORMATION, CONTACT A REALTOR®

Asheville Region
Includes Buncombe, Burke, Haywood, Henderson, Jackson, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania and Yancey Counties

August Year to Date

Key Metrics 2019 2020 Percent Change Thru 8-2019 Thru 8-2020 Percent Change

New Listings 1,419 1,363 - 3.9% 11,267 9,604 - 14.8%

Pending Sales 1,067 1,632 + 53.0% 7,998 8,779 + 9.8%
Closed Sales 1,181 1,288 + 9.1% 7,360 7,451 + 1.2%
Median Sales Price* $262,000 $305,000 + 16.4% $258,725 $279,500 + 8.0%
Average Sales Price* $305,838 $376,832 + 23.2% $300,227 $329,962 + 9.9%
Percent of Original List Price Received* 94.1% 95.5% + 1.5% 94.0% 94.6% + 0.6%
List to Close 134 122 - 9.0% 128 126 - 1.6%
Days on Market Until Sale 69 70 + 1.4% 76 74 - 2.6%
Cumulative Days on Market Until Sale 81 88 + 8.6% 88 91 + 3.4%
Average List Price $352,678 $417,121 + 18.3% $370,676 $397,306 + 7.2%
Inventory of Homes for Sale 5,412 2,818 - 47.9% -- -- --
Months Supply of Inventory 6.0 2.8 - 53.3% -- -- --
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

August 2019 2020

1,419 1,288 $305,000

1,363 1,181
$262,000 6.0

2.8

- 3.9% + 9.1% + 16.4% - 53.3%

New Listings Closed Sales Median Sales Price* Months Supply of Inventory

Historical Median Sales Price Rolling 12-Month Calculation

Entire Canopy MLS Area —
Asheville Region —
$280,000

$260,000

$240,000

$220,000

$200,000

$180,000

$160,000

$140,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020

Current as of September 5, 2020. All data from Canopy MLS, Inc. Report provided by the Canopy Realtor® Association. Report © 2020 ShowingTime.