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.
Months of Inventory Buncombe County
Buncombe County months of inventory through May 1, 2013. We are still in a buyers market until we start to see MOI below 6 months. However, each neighborhood has different variables that and certain areas are selling very fast.
Haywood County Market Stats
Most Recent Months of Inventory Report:
Most Recent Average/Median Residential Closing Price:
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