Hey there, Asheville friends! Albus here, your favorite real estate pup, with the latest scoop on the housing market. I’ve been sniffing around, gathering all the best data, and I’m ready to give you the inside look at what’s happening in Asheville real estate. So, let’s dig in!

  1. More Homes on the Market
    The number of homes for sale is on the rise! In fact, seller confidence is up compared to last year, with 621 new listings to the market so far this year. That means more choices for buyers—like when I have to decide between my favorite treats. New listings have increased by 14.6% year-to-date, giving buyers a better chance to find the perfect home.
  2. Prices Are Still Wagging Upward
    If you’re thinking about selling, here’s some great news—the median sale price of homes in Buncombe County has climbed 14% year-over-year, now sitting at $494,000. That’s a big leap! Buyers are still willing to pay top dollar for well-maintained homes, especially those with updated features and great locations (bonus points if they have a big backyard for us pups!).
  3. A More Balanced Market
    We’re seeing a shift in the market. While homes are still selling, they’re taking a little longer—about 66 days on average. With a 3.2-month supply of homes available, buyers have more breathing room to make decisions instead of jumping on the first property they see. That means it’s not just a seller’s market anymore—it’s becoming more balanced.
  4. Mortgage Rates Are Sniffing Downward
    Here’s some tail-wagging good news—interest rates have been dipping! One of our buyers recently got quoted 6.625%, which is a welcome change. Lower rates make homeownership more affordable, and that’s great for both buyers and sellers.
  5. What’s Next?
    Spring is just around the corner, and you know what that means—more buyers are getting ready to jump into the market! If you’re thinking of selling, now is a great time to prepare your home. And if you’re buying, keep an eye out for more listings as the season picks up.

No matter what your real estate goals are, I’m here to help (along with my amazing humans at Asheville Realty Group). Let’s fetch you the perfect deal!

Until next time, keep those tails wagging!
Albus