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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