Hey there! 👋🏻
The latest Asheville Region housing report is in, and I spotted a few standout trends you should know whether you're buying, selling, or just watching the market.
1. Inventory is rising fast.
There are 59% more homes for sale than this time last year. If you’re a buyer, that means you have more options. If you’re a seller, you’re facing more competition.
2. Homes are sitting longer.
The average home took 99 days to close in June, up 15% from last year. Days on market also rose 34%, giving buyers more breathing room.
3. Prices are softening.
The median sales price dipped 3.8% year over year to $419,745. If you’re a seller, you may need to be flexible. If you’re a buyer, you might find room to negotiate.
4. Sellers are adjusting expectations.
Homes sold for 94.2% of their original list price in June, down from 95.9% last year. Strategic pricing matters more than ever.
5. The market is rebalancing.
With 6.3 months of inventory on hand (a 70% increase), we’re definitely shifting toward a buyer’s market in many price ranges and neighborhoods.
If you're thinking about making a move, or just want to understand how this market affects your plans, let me know. I’m Craig, and I’d be glad to chat.
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.