buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Sales vs Listings - March 2012 - 04/19/12 09:08 AM
It is not truly a versus (vs) situation to compare Active Listings (current inventory) to Monthly Sales of residential properties, but there is a correlation to the facts. If the number of units sold is not diminishing or reducing the inventory at a rate faster than new units are being placed on the market, then the end results is a saturation of active listings and ultimately, that brings about the need to reduce prices.
As the chart indicates below, the Sales line climbed above the Active Listings line, as the number of active listings has been on a steady, yet slow, … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Average Selling Price - Residential - January 2012 - 02/28/12 01:28 PM
Asheville/Buncombe County, North Carolina Average Selling Price of Residential Properties A 6 Month Trend Report Basically, the Average Selling Price of a single family home is determined by the same influences that effect all market items - Supply and Demand.
The Asheville and Buncombe County supply (active listings) has been higher than normal and the demand (buyers) has been lower than normal. That has a direct effect on the pricing of the properties available.
As the chart indicates below, our Average Selling Price fluctuated since August and is now at slightly higher levels. Even though that is true, we are still … (1 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Residential Sales Comparison - 01/16/12 05:03 PM
Buncombe County Residential Sales Year over Year by Month Comparison 

Single family homes includes, homes, condos, town homes, as well as manufactured homes on owned land.
Sales were about even, which is a good thing because that number was necessary to barely exceed the total number of sales in 2010 overall. The Days on Market before selling improved, but the selling price was headed in a downward trend.
2 things are showing improvement: the Average List Price and the Month End Inventory. The inventory reduction will be critical to stabalizing 2012 because even at 2385, that suggests we have more … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Days on Market/Sales - December 2011 - 01/16/12 04:07 PM
There is a relationship or a story told by looking at the number of Residential Sales and the Days on Market (DOM) before selling.
In a "healthy" real estate market, the DOM, in our area, would normally be between 80 and 120 days. If the DOM are increasing, as has been the case here lately, it indicates less demand and can result in a general or collective move to reduce prices.
If the number of home sales in a month are also reduced, then it is almost a given that prices must be reduced in order to regain the interest of … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Average Selling Price - Residential - September 2011 - 10/15/11 04:25 PM
Asheville/Buncombe County, North Carolina Average Selling Price of Residential Properties A 6 Month Trend Report Basically, the Average Selling Price of a single family home is determined by the same influences that effect all market items - Supply and Demand.
The Asheville and Buncombe County supply (active listings) has been higher than normal and the demand (buyers) has been lower than normal. That has a direct effect on the pricing of the properties available.
As the chart indicates below, our Average Selling Price fluctuated since April and is now bouncing around at the lowest levels in many years. Even though that is … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Days on Market/Sales - September 2011 - 10/14/11 01:01 PM
There is a relationship or a story told by looking at the number of Residential Sales and the Days on Market (DOM) before selling. In a "healthy" real estate market, the DOM, in our area, would normally be between 80 and 120 days. If the DOM are increasing, as has been the case here lately, it indicates less demand and can result in a general or collective move to reduce prices.
If the number of home sales in a month are also reduced, then it is almost a given that prices must be reduced in order to regain the interest of … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Homes in Inventory (Active Listings) September 2011 - 6 Month Trend - 10/07/11 04:13 PM
Economists and real estate analysts agree, for the most part that the "health" of a local real estate market can be best judged by the amount of inventory that is available for consumption in a certain period of time. Usually, in a "healthy market", a 6 or 7 month supply of inventory or homes available for purchase is that magic number.
Last year, 2010, there were 2208 homes sold in the Asheville/Buncombe County market. As the chart indicates below, at the end of September, there were a under 3000 homes sitting in inventory.
That would indicate that we have about 1 year and … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Sales Year Over Year 2011 vs 2010 - 09/12/11 04:22 PM
Asheville and Buncombe County Trends The chart below shows a visual look at the number of Residential units sold in Buncombe County in the last 12 months and takes a look back at those sales numbers to the same period one year ago, month by month. 
Residential units for this report include Single Family units, Condos, Townhomes, and Mobile homes on owned land.
 
As you can see, the sales in Buncombe County had a decrease in 9 months out of the last 12 compared to the number of sales exactly one year ago.
 
July showed some strength by having more (+37.4%) … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Median Asking and Median Sales Price Comparison - August 2011 - 09/10/11 11:53 AM
Asheville/Buncombe County Median List and Sold Prices- August 2011 Median means, for these purposes, the same number above and below the "center". Using the Median Listed/Asking Price of the sold listings and the Median Sales Price of those listings which have sold gives a slightly better picture of the market conditions and differs from using the "Average".
The chart indicates the Median Asking Price of the listings that sold and the Median Sales Price of those same listings. The closer together the two numbers, the better the market conditions. The wider the space between the chart lines the more it favors the … (1 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Sales vs Listings - August 2011 - 09/09/11 11:47 AM
It is not truly a versus (vs) situation to compare Active Listings (current inventory) to Monthly Sales of residential properties, but there is a correlation to the facts. If the number of units sold is not diminishing or reducing the inventory at a rate faster than new units are being placed on the market, then the end results is a saturation of active listings and ultimately, that brings about the need to reduce prices.
As the chart indicates below, the Sales line rose above the Active Listings line, as the number of active listings had been on a steady, yet slow, decline … (0 comments)

buncombe county housing market trends: Asheville Real Estate Trends: Buncombe County, NC - Average Selling Price - Residential - August 2011 - 09/07/11 11:53 AM
Asheville/Buncombe County Average Selling Price of Residential Properties A 6 Month Trend Report Basically, the Average Selling Price of a single family home is determined by the same influences that effect all market items - Supply and Demand.
The Asheville and Buncombe County supply (active listings) has been higher than normal and the demand (buyers) has been lower than normal. That has a direct effect on the pricing of the properties available.
As the chart indicates below, our Average Selling Price fluctuated since May and is now bouncing around at the lowest levels in many years. Even though that is true, we are still … (0 comments)