March 30, 2021
Contact: Kim Walker, 704-940-3149
CHARLOTTE, N.C. – According to data from Canopy MLS, February 2021 home sales rose 19.6 percent year-over-year as 873 homes sold compared to February 2020, continuing a positive streak of sales just ahead of the spring selling season. Sales compared to January 2021 increased 1.6 percent. These are completed transactions that include single-family and condo/townhome data only.
Pending sales continued to signal strong buyer demand, rising 38.5 percent year-over-year as 1,141 homes went under contract during the month, ensuring home sales in the coming months will be steady. Contract activity compared to the previous month was down 4.0 percent. New listing activity, though positive, remained nearly unchanged compared to last year, rising 0.8 percent year-over-year as 996 homes were listed for sale in February. New listings compared to the previous month are up 13.1 percent. With supply trending down 60.2 percent year-over-year, leaving 1,601 homes for sale at report time or 1.4 months of supply, prices across the 13-county region continued to rise.
Both the median sales price ($300,250) and the average sales price ($368,565) rose 13.3 percent and 18.7 percent year-over-year, respectively, while the average list price rose 10.7 percent year-over-year to $410,344. The original list price to sales price ratio was 96.1 percent as sellers across the region inched closer to asking prices. The pace of home sales continues to quicken and averaged 55 days on market until sale compared to 90 days in February 2020.
Darrin Graves, a Canopy MLS Board of Directors member and broker/Realtor® with Keller Williams Great Smokies, said, “The market is heating up early, which means buyers across the Asheville region will continue to face the difficulties of low supply, rising demand and increasing prices this spring, especially given the increased interest in the second-home market. Unfortunately, depleted supply could impact and limit home sales this year.”
The Asheville region includes Burke, Buncombe, Haywood, Henderson, Jackson, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania and Yancey counties.
For more residential-housing market statistics, visit www.CarolinaHome.com and click on “Market Data.” For an interview with an Asheville-area Realtor®/broker, please contact Kim Walker.
Canopy MLS is a wholly-owned subsidiary corporation of Canopy Realtor® Association and is the private broker cooperative used by Realtors® to bring buyers and sellers together with access to thousands of residential listings in a multicounty service area, including Charlotte, the mountains area of North Carolina, South Carolina, and beyond. Canopy MLS, which nearly 20,600 Subscribers, provides the most trustworthy, timely, accurate and complete property data along with proprietary tools for showings, market stats, predictive analytics, and more, used by its members to support consumers in their residential real estate transactions, whether selling, buying, investing or renting.
Original Publish Date: 3/30/2021