April 16 Real Estate Market Update

Our weekly real estate market updates continue here at Asheville Cash Buyers! If you missed last week’s, check it out here. This week, we’ll go over similar data to look at our local real estate market for April 1-15 compared with March 2020 and April 2019. The areas we look at are Asheville, Buncombe County excluding Asheville, Hendersonville, Henderson County excluding Hendersonville, and Haywood County.

For the most part, we aren’t seeing any huge hits to the market due to coronavirus shutdowns yet. We are still feeling the effects of the strong market in February and early March.

Let’s look at the number of active listings, number of closed listings, median DOM (days on market), number of expired listings, closed price to original list price ratio, and the number of properties under contract.

For April YTD, let’s look at any trends we can see. The number of properties under contract and the active listings are very similar to March 2020, indicating optimism in the market. People are keeping their homes on the market. We’re seeing this hold steady across the board in all areas. 

Compared to the whole month of April 2019, the closed price to original list price ratio has remained the same or gone up. This number shows how the price of a listing changes from listing until closing, so it’s hopeful to see that staying healthy. 

There is a slight drop in some numbers, which makes sense due to the lack of stability in the economy right now. But in general, most people planning on buying or selling have moved forward with that plan. 

As always, your feedback and suggestions for these Asheville real estate market updates are welcome! Reach out to us anytime and share this with a friend. 

 

April 2020 Market Update — Asheville NC
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