tech<p><strong>The housing recovery in Asheville and Buncombe County continues to accelerate.</strong></p> <p>The number of homes sold in the 2nd quarter in Asheville was up 25% compared to the 2nd quarter of 2012, and for Buncombe County, the figure was a 27% increase in sales.</p> <p><strong><img alt="" src= "https://s3.amazonaws.com/files.usmre.com/5837/Market%20Analysis/2nd2013sold.png" /></strong></p> <p><strong>Average Home Sales Price in Asheville and Buncombe County.</strong> Prices are struggling to find equilibrium with the changing market. &nbsp;While average prices are generally rising in Asheville and falling in Buncombe County,&nbsp;there's a lot of variation among different price categories.&nbsp;Generally, foreclosures and short sales continue to weigh down the market, while new or updated homes in desirable locations are lifting the market.</p> <p><img alt="" src= "https://s3.amazonaws.com/files.usmre.com/5837/Market%20Analysis/2nd2013averageprice.png" /></p> <div> <div><strong>Inventory levels</strong> are some of the best indicators of the health of a housing market. &nbsp;A balanced market has inventory levels of 6 months.&nbsp;When inventory levels are significantly over 6 months there is downward pressure on prices and when inventory levels are at 6 months or less, there is upward pressure on prices. Inventory in the Asheville is reaching very low levels, with all price ranges under $700,000 having inventory near 6 months or less. &nbsp;Inventory levels in Buncombe County are higher than Asheville, with levels over 6 months for all price ranges above $200,000.</div> <div><img alt="" src= "https://s3.amazonaws.com/files.usmre.com/5837/Market%20Analysis/2nd2013city.png" /></div> <div><img alt="" src= "https://s3.amazonaws.com/files.usmre.com/5837/Market%20Analysis/2nd2013county.png" /></div> <div>The average Days on Market (DOM) is coming down significantly in Asheville but not as much in Buncombe County. &nbsp;Days on Market peaked at 193 DOM in Asheville in the 2nd quarter of 2012 but it is now down to 147 DOM. &nbsp;Days on Market had peaked at 191 DOM in Buncombe County in the 2nd quarter of 2012 and it is now at 182 DOM.</div> <div>The brightest spot in the market continues to be green building, with low inventory levels and high average price per square feet.</div> </div> <p>For a complete market analysis, including charts and graphs, <a href= "https://s3.amazonaws.com/files.usmre.com/5837/2013-Market-Analysis-Second-Quarter.pdf" target="_blank">view entire report here</a>. If you have any questions or would like a price evaluation of your house, please <a href= "http://admin.unionstreetmedia.net/realestate/ouragents">contact one of our agents</a> or call us at (828) 707-9556.</p>
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