The real estate market in Asheville and Buncombe County ended 2019 with low inventory that is being outpaced by the demand, a trend we’ve been seeing for awhile now. Inventory levels in Asheville are under six months in every price point below one million dollars while Buncombe County inventory levels are below six months below […]
Days on the market shrunk significantly from May to June, as is traditional in our market, with the change in average price continuing to show double digit growth over last year. Despite a large number of sales, more inventory has come to the market, as we predicted, giving us a slightly larger supply of homes […]
The market trends we saw in December strongly reflect the larger market trends for our area. While there were fewer new listings and closed sales overall, the sharp increase in median sales price in Buncombe County as well as the significant decrease in month supply of homes in Asheville and Buncombe County indicates that the […]
November is typically the slowest month of the year in the real estate industry. Clients find it challenging to make time for house hunting and keeping the home they’re selling pristine for showings during the holiday season. Because there are fewer sellers in the market, the months supply of homes is at the lowest it’s […]
Click for National Association of Realtors Homes Sold Report. Most Recent Months of Inventory Report: Most Recent Average/Median Residential Closing Price: Most Recent Residential Unit Sales by Closing Price:
In Western North Carolina we are around 5% above our long term norms. Mortgage payments have dropped 10% since 2004 and the average monthly mortgage payment for a median priced home is now $849 compared to $924 in 2004 making housing more affordable. We will continue to see distressed sales playing a role in keeping […]