ASHEVILLE RESIDENTIAL SALES SUMMARY

Asheville continues to see Average and Median Sales Prices increase with Month's Supply rising 32.3%. With such a low inventory, it's no surprise that Closed Sales have dropped more than 29% on Q4 2021 figures. Expect more of the same in Q1 2023, with prices continuing to rise and both inventory and Days on Market continuing to drop, unlike other NC metro areas.

Asheville (Region)

IIn the pastoral setting of Buncombe County, Asheville's home county, the Q4 Average Sales Price for homes was up 1.3% year-on-year. On average, homes in Buncombe County are on the market for 34 days, more than 24% slower than this time last year. While Buncombe County offers greater selection and opportunities for first-time buyers, its new developments and luxury communities have put upward pressure on home prices, outpacing Asheville.