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 [...]