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.