2nd Quarter 2020
The housing market in the 2nd quarter of 2020 mirrored the housing market in much of the United States, with low interest rates and low inventory driving up prices and creating competition among buyers.
Number of homes sold. With 317 home sales in the City and 563 homes sales in the County, there were significantly fewer homes sales in the 2nd quarter of 2020 compared to the 2nd quarter of 2019. This drop in home sales represents a 30% year-over-year decline in the City and a 23% decline in home sales in the County. Year to date for 2020 the number of homes sales was down 10.5% in the City and 7.5% in the County.
Median home sale price. Because of low inventory, prices in Asheville and Buncombe County remained high. In the City of Asheville in the 2nd quarter the median home sales price hit $338,000, the highest quarterly median home sale price on record for any quarter. In Buncombe County, the median sale price was $315,0000, close to its previous record of $319,500 that was set in the 2nd quarter of 2019.
For a complete market analysis, including Trends in Green Homes, Inventory or Price Per Square Foot, view the entire report here. If you have any questions or would like a price evaluation of your house, please contact one of our agents or call us at (828) 707-9556.
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