May 2025 Housing Market Update
In Buncombe County, The City of Asheville, and the Asheville Region.
Buncombe County – May 2025 Summary
New Listings: Up 36.9% (698 homes) compared to May 2024.
Closed Sales: Down 20.6% (285 homes).
Average Sales Price: Dropped 11.1% to $611,124.
Inventory: Rose 81.1% to 1,518 homes for sale.
Months Supply of Inventory: Increased from 2.9 to 5.9 (up 103.4%). 6 months is considered a balanced [...]
Many sellers are anchored to 2021–2022 peak prices. That market is gone.
Median sale prices have softened or plateaued in parts of Buncombe. Price reductions are increasingly common, especially for homes over $700k.
Price just under key thresholds ($499k instead of $510k) to boost search hits on Zillow, Realtor.com,
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December 2024 Asheville Real Estate Market Update
Key Statistics:
Average Sales Price: Increased by 1.8% year-over-year to $522,723 in the Asheville region.
New Listings: Up 13.0% from December 2023, signaling more options for buyers.
Closed Sales: Decreased slightly, down 4.9%.
Days on Market: Homes took 62 days on average to sell, up [...]
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