Asheville & Buncombe County Real Estate Reports
The real estate market in Asheville is leveling off a bit from what we’ve seen during the first two quarters of 2018. Comparing the 3rd quarter of median home sales in 2017 to 2018, the median home sales in 2017 was lower than in 2018. However, that number remained relatively the same from the 2nd quarter of 2018. New listings and number of sales are down, which usually means prices are increasing. In this case, though, the median sales price decreased from July to September. We’re also seeing a decrease in inventory and, proportionally, a decrease in closed sales for Asheville. While homes are still not on the market for very long, we’re seeing more time on the market and as a consequence, more price reductions. Generally a market is considered to be a seller’s market if homes sit less than 6 months and a buyer’s market if homes are on the market for more than 6 months. Asheville and Buncombe County are still considered to be seller’s markets, but if sellers aren’t aware of the current market trends then they risk their home sitting on the market well into winter. If the price of a home is reflective of the market then sellers are more likely to be under contract quickly. Interested in learning more about Asheville and Buncombe County Real Estate Reports? Please contact us – we would love to help you Move Smarter.
Real estate is local and requires a high level of local knowledge. Our Agents understand the Asheville and Buncombe County markets and they know the best ways to help you Move Smarter. If you would like to learn more about our market insights or are interested in buying or selling a home, please don’t hesitate to contact us!