Market Report for June 2017
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 than last month. The hottest market segment in Buncombe County has dropped $5o,ooo, though the median sales price is up slightly since last month.
So, what’s in store for the rest of the summer? We saw a slow down during the July 4th holiday weekend and predict the market will continue to cool off as the summer gets hotter and school starts back. This should mean slightly lower list to sales price as demand is slightly less, and months supply of homes and days on the market should continue ticking up incrementally, which will indicate a healthier and more steady rate of growth in the Asheville and Buncombe County markets.
Buncombe County Market Report
Asheville City Market Report
If you found this data helpful and would like a more detailed look into a specific neighborhood or zip code, contact one of our agents or call the office at (828) 232-4030. We are happy to provide you the information you need to Move Smarter.
What New Home Size Data Tells Us About the State of Housing
Economists, analysts, and homeowners have access to a lot of data about the state of the nation’s housing markets. Beyond the usual statistics on sales, builder confidence and prices, we can also learn about the status of the sector by examining the kinds of homes being constructed.
One such measure is the average size of newly built single-family homes. Reported in the Census Bureau’s Quarterly Starts and Completion by Purpose and Design, the data for the second quarter of 2013 indicate that the average size of a new single-family home was just under 2,600 square feet, as measured on a one-year moving average. At this level, the typical size of newly built homes is larger than the previous peak of just over 2,500 square feet set at the start of 2008. Read More.
2013 NAR Generational Trends Report
Madison County Market Stats
July 9, 2013
All data taken from WNCRMLS.
Henderson County Housing Data
June 12, 2013
All data taken from MLS.
Haywood County Housing Data
June 11, 2013
Haywood County real estate numbers through May 31, 2013.
The Power of Paperless
We Believe In Thinking Differently
At DixonPacifica, we believe in making the real estate process as easy as possible. DixonPacifica Real Estate offers clients a completely paperless transaction process. Access important documents 24/7, sign contracts from your office, home or vacation and share information with your attorney, lender or inspector with a click.
Yes it’s getting better; But, it’s not over yet: Housing’s Next Challenges
The housing industry is showing some small but smart signs of improvement. But could these green shoots get mowed down before they can blossom? Here are four things to keep an eye on.
Some good signs are emerging in the housing industry. Selected markets around the country are stabilizing or experiencing modest growth. Nationally, inventory continues to fall towards market equilibrium. International dollars are helping urban areas absorb inventory and upper-end properties. Investors are gobbling up good deals and mopping up the distressed segment. Baby Boomers are cashing out of suburban homes bought long before the bubble, and taking that money into cities and luxury communities. By many accounts, there are some good things happening.
Brokers and agents are putting the recession to work for them, too, fundamentally altering organizational structures, improving efficiencies and trying new models (like auctions or no longer paying for leads) to drive down costs and drive up value to consumers. While some companies have closed their doors, others are springing up, without the legacy costs – and thinking – about how to sell properties. Little things – like improving standards, diligently pursuing leads and bringing an iPad to a listing presentation – are proving effective in creating opportunities in every market.
All good news. But let’s not let our guard down just yet.
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