Danielle Malecek
May 9, 2023
The statistics in this report highlight key market indicators for Asheville, North Carolina. The data in the Sold Listings table is based on homes sold within the month of April 2023.
The report from Allen Tate Real Estate, reveals a strong real estate market in Asheville, NC, with low inventory and high demand for homes leading to a significant increase in home prices. The report highlights that the median sales price for homes in Asheville has decreased by over 5% compared to the same period last year, with homes selling quickly and often receiving multiple offers. Additionally, the report finds that the demand for luxury homes has increased in Asheville, as affluent buyers seek larger homes and more space amidst the ongoing COVID-19 pandemic.
The data also points out that the average days on market for homes in Asheville has decreased compared to the same period last year, indicating a high level of demand and competition in the market. In addition, the luxury home market in Asheville has seen significant growth, with an increase in sales volume and prices for homes priced above $1 million. The report suggests that the real estate market in Asheville is thriving and poised for continued growth, driven by strong demand and limited inventory.