1st Quarter 2019
The housing market in Asheville and Buncombe County moved towards a more balanced market in the 1st quarter of 2019, shifting away from a strictly seller’s market, especially in the City of Asheville.
Number of homes sold. In the 1st quarter of 2019, there were 273 homes sold in the City of Asheville, an 8.4 % decrease compared to the 1st quarter of 2018. In Buncombe County, there were 511 homes sold in the1st quarter, a 10.8% increase. The decrease in the number of homes sold in Asheville and the corresponding increase in the number of homes sold in the County is most likely due to some buyers choosing the County market over Asheville because of the less expensive market in some areas of the County.
The median home sale price in the 1st quarter of 2019 in the City of Asheville the median home sale price was $295,000, representing a 2.5% decrease over the 1st quarter of 2018. During the same time period, the median home sale price in Buncombe County stayed static at $275,000.
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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