Preferred Properties company logo

Back To Blog

August 2022 Asheville Housing Market Update

Local Market Update for August 2022 CITY OF ASHEVILLE

New Listings decreased -9.0%

Pending Sales decreased -6.0%

Home Inventory decreased -26.3%

Median Sales Price stayed the same at ($440,000 YOY)

Days on Market decreased to 18 days (27 days YOY)

Months Supply of Inventory decreased to 1.6 Months (1.8 Months YOY) *6 Months Supply of Inventory is needed for a balanced market.

Although sales prices remain up from this time last year, price growth is expected to moderate in the months ahead as the market continues to shift in a more buyer-friendly direction.

    Add Comment

    Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Comments

    1. No comments. Be the first to comment.

    Contact Us

    Do not fill in this field:
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    View all