Local Market Update for August 2020

A research tool provided by the Canopy Realtor® Association

FOR MORE INFORMATION, CONTACT A REALTOR®

Asheville MSA
Includes Buncombe, Haywood, Henderson and Madison Counties

August Year to Date

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

New Listings 963 900 - 6.5% 7,536 6,492 - 13.9%

Pending Sales 726 1,069 + 47.2% 5,509 5,870 + 6.6%
Closed Sales 824 863 + 4.7% 5,111 5,033 - 1.5%
Median Sales Price* $282,500 $325,000 + 15.0% $280,000 $300,000 + 7.1%
Average Sales Price* $325,413 $389,627 + 19.7% $327,085 $353,441 + 8.1%
Percent of Original List Price Received* 94.9% 96.0% + 1.2% 94.6% 95.3% + 0.7%
List to Close 132 111 - 15.9% 122 117 - 4.1%
Days on Market Until Sale 58 58 0.0% 68 64 - 5.9%
Cumulative Days on Market Until Sale 70 72 + 2.9% 80 79 - 1.3%
Average List Price $372,514 $444,514 + 19.3% $391,920 $419,824 + 7.1%
Inventory of Homes for Sale 3,139 1,702 - 45.8% -- -- --
Months Supply of Inventory 5.0 2.5 - 50.0% -- -- --
* 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

$325,000
824 863
963 $282,500 5.0
900

2.5

- 6.5% + 4.7% + 15.0% - 50.0%

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

Historical Median Sales Price Rolling 12-Month Calculation

Entire Canopy MLS Area —
Asheville MSA —
$300,000

$275,000

$250,000

$225,000

$200,000

$175,000

$150,000
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.