February 2022 Housing Market Update
Existing home sales up 6.7% according to the National Association
of REALTORS®. Experts attribute the growth in sales to an uptick in mortgage interest rates. Mortgage rates have increased almost a full percentage point since December.
New Listings were down in the Asheville region by 13.7 percent to 888. Pending Sales decreased 4.1 percent to 1,003. Inventory shrank 46.5 percent to 1,077 units.