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Preferred Properties of Asheville

JUNE 2023 ASHEVILLE HOUSING UPDATE 
Prices moved higher as the Median Sales Price was up 4.4% (City), 3.4% (MSA), and 6.5 % (Buncombe).
The monthly supply of Inventory increased 2.2 (City), 2.1 (MSA), and 2.1 (Buncombe). (6 Months of Inventory is a balanced market.)
The Percentage of List Price Received remains over 98% in all 3 areas.
As demand continues to outpace supply, properties are selling quickly, with the majority of homes listed for sale on the market for less than a month
Preferred Properties of Asheville
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Did you know about the Real Estate Code of Ethics?

The REALTOR® Code of Ethics ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients' best interests.

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Download the entire code of ethics here: https://cdn.nar.realtor/sites/default/files/documents/2023-coe-standards-of-practice-2022-12-28.pdf?fbclid=IwAR2Nelz2KpqJAq0QAbhHpOiVBZfUvKSV0AJCMP2ndmt4qbN8mwid_B8p2xQ

MARCH 2023 Asheville Region Monthly Housing Report
New Listings decreased
Pending Sales decreased
Inventory increased
Prices increased
Median Sales Price increased
Days on Market increased
Months Supply of Inventory increased
Preferred Properties of Asheville
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Asheville Housing Market Update

February 2023

Buyer interest remains concentrated in Buncombe County, where homes priced $300K and up received an average of 6.3 showings (or potential buyers) per listing. Overall, showings or buyer foot traffic was up 6.6 percent year-over-year, with active listings within the region averaging 3.3 showings per listing. Showing activity is up 61 percent month-over-month throughout the region.

“When sales activity increases this spring, buyers will likely find the region remains a seller’s market, albeit a bit softer one. With demand still expected to outpace supply, well- priced homes in excellent condition will likely sell quickly with multiple offers sometime in play. Buyers should expect greater demand closer to metro-Asheville with more favorable pricing likely in some outlying areas.”

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Congratulations December Peak Performers
Downtown Office
Top Producer - LeNoir Medlock
Top Buyer Agent - Anna Peddy
Top Listing Agent - Mark Zimmermann
South Office
Top Producer - Barb Fiedler
Top Buyer Agent - Sue Ambrose
Top Listing Agent - Sharon Smith
Preferred Properties of Asheville
www.preferredprop.com
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Congratulations November 2022 Peak Performers!

Downtown Asheville Office
Top Producer - LeNoir Medlock
Top Buyer Agent - Katie Wangrin
Top Listing Agent - Tracy Dew

South Asheville Office
Top Producer - Jo Chandler
Top Buyer Agent - Sandy Sellers
Top Listing Agent - Ann Clark

www.preferredprop.com

828-258-2953

828-210-9400

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