2017 Mid-Year Asheville Nest Report

The first half of 2017 has come and gone, at which point we take the time to reflect on the first six months of the year and analyze the current state of our local real estate market. We are excited to release the 2017 Mid-Year Asheville Nest Report. The real estate market throughout the Asheville region has been quite active so far this year. Total sales have been constrained as a result of limited inventory levels that are down 10% compared to the same time last year. Declining inventory levels have led to fairly significant increases in sales prices through the first half of 2017. Homes are also selling at a faster pace this year, averaging just 75 days on market before being sold. The combination of these current conditions results in a market that heavily favors sellers. To learn more about the market’s performance this year, check out the highlights below and be sure to read the full 2017 Mid-Year Asheville Nest Report.

Asheville MSA

  1. Total sales rose a modest 2% year-over-year.
  2. Inventory at the end of June was the highest it’s been all year, but is still 10% lower than it was this time last year.
  3. Median sales prices rose from $227,000 in the first half of 2016 to $242,000 this year.

Buncombe County

  1. Median sales price of single-family homes rose more than 10% year-over-year.
  2. Average days on market dropped from 69 days to 58 days.
  3. Inventory levels declined 2% year-over-year resulting in just 5 months of inventory at the end of June.

Have questions? Be sure to reach out to your Nest broker to find out what this report means for you. To learn more about how the New River Valley real estate market performed in the first half of the year, read the full 2017 Mid-Year Asheville Nest Report.

Spread the love

Written by
Posted in Asheville Market Reports
Tags:
Comments closed

Comments are closed.

Join our Newsletter

×