April Home Sales Results

I wanted to post some numbers from April 2022 sales for Haywood County, and also compare them with Buncombe County (The Asheville area) in order make all our readers aware of current market conditions.

In Haywood County for April 2022, we only had 138 new listings.  This is down over 21% from the new listings in April 2021.

We only closed 98 homes in April which was 13% less than a year ago in April 2021.  The decrease was mostly due to having less homes on the market this year.  We only had 154 homes on the market in April 2022 compared with 234 homes on the market in April 2021, a 34% decrease in the number of homes for sale.  This represents 1.4 month’s supply of homes on the market.  (In other words, if no new homes came on the market, and the sales rate continued unchanged, we would be out of homes in about 6 weeks.)

The average sales price of homes sold in April 2022 was $366,883, an increase of 6.2% from April 2021.  The average home sold for 99.5% of list price, so homes are pretty much selling for the listing price.  (Some are still going for over list price.)

This month I will take a moment to compare the April sales results from Haywood County with Buncombe County.  (The Asheville area).

Haywood County sold 138 homes in April 2022.  Buncombe County sold 484 homes in April 2022. (Remember, Buncombe County is over 4 times the population of Haywood County.)

The average sales price of a home sold in Haywood County for April was $366,883.  Buncombe County’s average sales price for April was $567,274.  Also, the average home sold in Buncombe County for 102.3% of the original list price.  In Buncombe County you almost have to offer over list price for your offer to be considered on most homes.

In Haywood County, as I mentioned above, we are down to a 1.4 month’s supply of homes on the market.  Buncombe County is down to a .9 month’s supply of homes. (Less than 1 month)

I hope I haven’t bored you with numbers.  If you have any questions about the market here, or are interested in buying or selling a home, please let us know.  We are here to help in this bull market.