Our monthly real estate update, is based on statics from our local MLS. The information is calculated from the past month so we will always be talking about the previous month’s stats.
The Asheville Region includes Buncombe, Burke, Haywood, Henderson, Jackson, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania and Yancey Counties. The surrounding counties are becoming more popular and price increases are occurring throughout the region. Depending on what is happening in the market, a surrounding county may be highlighted.
The city of Asheville is located in Buncombe County. The city of Hendersonville is located in Henderson County. The monthly real estate updates will focus on, an overview of the greater Asheville area, the city of Asheville and Hendersonville as well as Buncombe and Henderson County. I will pick a surrounding county or topic as a Special Focus. Then we will wrap it up with my thoughts about the current market as our Take Away.
The real estate monthly updates will also be accompanied by additional PDFS, a YouTube update for those who prefer videos and my personal monthly chart.
It is starting to sound like a broken record for our real estate market. Low inventory, higher prices, fast cash deals. The housing market continues to have less than two months supply, therefore keeping prices in a seller market. Closings may slow a little during the holidays but prices probably will not drop. If you are a buyer either [...]
Once again, the overall housing prices have risen. The housing inventory is at a critical low. Buncombe Co is 51% below the amount of homes on the market this time last year!
Lots of good data in our PDFs
For a more indepth review watch this video. Be sure to subscribe to our blog and/or YouTube channel for monthly [...]
There have been numerous articles the month of Sept. with predictions that the real estate marketing will take a major slow down by mid next year. Almost all of them base this on two things: continual housing supply shortage and continual increase of house prices. Fannie Mae states these factors will eventually cause buyers to stop trying [...]
The real estate market follows trends. Typically, there is an upcycle where it is a seller’s market, due to low inventory, good interest rates and a strong economy. This is usually followed by a down turn, a buyer’s market, where inflation starts to climb, higher interest rates, and homes staying on the market for a long time. While these [...]
The greater Asheville area is very hot. Due to lack of current homes on the market, the prices have continued to climb. Buyers need to have proof of funds or pre approval letter available and make the highest and best offer the first time. If sellers want to get top dollar then house needs to be in excellent condition. Buyers want move in [...]
The real estate market is very busy and I had to jump on this blog and videos very fast. While reviewing the video I realized not all the PDFs were on the share screen. Please watch the video and pull up the PDFs if you wish to follow along. [...]
I am running a little late for the March review (remember we get our stats from the previous month), I meant to post this April 30. I just have been to busy to get it all together. [...]
The stats for Feb. 2021 are now available. This month we will be using my new chart. Be sure to subscribe to our YouTube channel to receive monthly notifications about our updates. For those of you who like numbers and stats, please view Asheville Region Update Feb 2021
If you would like even more stats please subscribe to our blog and make a request in the comment [...]
Nationally as well as locally, the month of June reflected a pent-up demand by prospective home buyers. New Listings were down in the Asheville region by 7.0 percent to 1,430. Pending Sales increased 33.1 percent to 1,509. Inventory shrank 38.0 percent to 3,354 [...]
We have been looking week to week concerning our local real estate market. Now it is time for the more comprehensive update. The data is collected from our local Canopy MLS. Now that the Covid 19 crisis has had a full month run in real estate it is important to examine our Greater Asheville region, which includes Burke, Buncombe, Haywood, [...]
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