First Quarter Market Report 2018
The first quarter of 2018 is in the books and the Asheville & Buncombe county real estate market continues to appreciate. Compared to the same period in 2017, Asheville closed sales declined over seven percent, but it may be attributed to rough weather in the early part of the quarter since pending sales are up five percent. For sellers the bright spot is that days on the market are down slightly and median sales price is up over nine percent. Buncombe county saw similar trends, but the median sales price was even stronger – up over 13%.
New listings in both areas were down slightly over the previous period and we see this continuing to be a sore spot for buyers. New home communities are continuing to build, but the pace is not keeping up with demand. Additionally, in existing neighborhoods, home owners with low three percent interest rates are expressing reluctance to relocate now that interest rates have pushed to 4.25% for a 30 year fixed.
Market Report for January 2017
January saw predictably steady market growth with a slight increase in average list to sales price as well as a slight decrease in months of inventory. However, there was a significant uptick this month in change in average price. This reflects the greater volume of homes sold in a higher price bracket than in previous months more so than individual home prices drastically increasing. We believe the trend of greater sales in higher price brackets will continue this year as more people move into the Asheville-Buncombe market from other markets.
Asheville City Market Report
Buncombe County Market Report
Our agents would be glad to give you more information about our market as a whole or your individual neighborhood or area of interest. Send an email or give as a call at (828) 232-4030 and we’re happy to give you more insight into current trends.
Asheville Market Stats
August 7, 2013
The Inventory is dropping and the buyer activity is way up compared to last year. We are seeing a small recovery in some areas and price points, but like the rest of the country the recovery in WNC and Asheville is uneven and varies depending on neighborhood.
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