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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.

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