2019 is now over and we are excited to release our 2019 Asheville Annual Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
We are proud to present the 2019 Nest Annual Report: a comprehensive review of our local real estate market.
We designed the report to inform you of local market trends and, in turn, help you make informed decisions. So whether you’re considering selling your home, purchasing a new home, or you simply like keeping tabs on the real estate market, we hope this report serves as a valuable resource and guide.
This year’s report also includes bang for your buck clips, featuring homes sold by our Asheville Nesters, to provide you with an overview of what you could get for your money in each area while comparing trends within one Nest area or across several Nest areas.
On a larger scale, as 2019 information continues pouring in, here are some national housing market trends. The most compelling shift is in housing affordability. Low inventory has caused home prices to increase throughout the year, but the actual affordability of homes has improved due to changing real wages and lower interest rates. Though low inventory continues to stifle sales volume growth, year over year sales are increasing based on slight supply increases throughout the U.S.
We hope the 2019 Nest Annual Report gets you thinking about all of the ins and outs of the local and national market. Have questions? Great! Nest is ready to be your local housing market experts!
Quick Takeaways
- Total sales increased more than 1% year-over-year across the Asheville MSA last year. Total sales were 7,368, a 1.42% increase from 2018, when there were 7,265 total sales.
- The median sales price in 2019 was $282,500, a 5.81% increase over 2018’s median sales price of $267,000.
- In the Asheville MSA, average days on market increased 2.99% to 69. East Asheville had the lowest average days on market within the Asheville MSA at 48 days.
Be sure to check out the full 2019 Asheville Annual Report here for more info on how the market performed last year. Have questions? Contact your Nest Broker today to find out what this report means for you and to discuss your real estate goals. Interested in what’s happening in other markets? Check out all our 2019 Annual Reports here.