May home sales increase over 6% from last year in western North Carolina

ASHEVILLE, N.C. (WLOS) — Home sales in western North Carolina have increased since last year, according to the latest report from a realtor group.

Canopy MLS, a subsidiary of the Canopy Realtor Association, reports that May home sales across the four-county Asheville area (Buncombe, Haywood, Henderson, and Madison counties) reflected a spring market that remains “active and competitive.”

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A total of 592 homes closed in May, representing a 6.3 percent increase compared to May 2025 and a 2.1 percent gain over April, the report said. Buyer demand continued to strengthen, with pending sales, a leading indicator of future closings, surging 22.4 percent year over year as 728 properties went under contract during the month.

“The strength of buyer demand in May is encouraging and reflects continued confidence in the Asheville region as a place to live, work and invest,” said Dave Noyes, a Realtor/Designated Managing Broker with eXp Realty and Canopy MLS Board of Director, in a news release. “

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Contract activity also increased 7.1 percent compared to April, signaling that buyers remained engaged despite mortgage rates averaging approximately 6.5 percent throughout May, the report said.

“Buyers are adapting to today’s mortgage rates and taking advantage of the increased inventory we’ve seen over the past year. Although fewer new listings came onto the market in May, homes continue to attract strong interest, which is helping maintain a healthy balance between supply and demand as we head into the summer months,” Noyes said.

While buyer activity increased , new listing activity moderated. Sellers introduced 1,165 homes to the market in May, a 6.7 percent decline compared to the same month last year and a 7.7 percent decrease from April. Even so, the region’s inventory of homes for sale continued to expand, rising 3.2 percent year over year to 3,092 properties at report time. Months of supply, however, declined from six months in May 2025 to 5.4 months this past May, suggesting that the pace of buyer demand is absorbing available inventory faster than new listings are being added.

The report said that although buyers have more choices than a year ago, the market remains relatively balanced, with strong contract activity continuing to support overall sales momentum.