Asheville, Buncombe County, NC Real Estate Market Statistics -  February 2009

Active and Sold - February 2009 and 2008 Comparisons

Our Active Residential Listings numbers have stayed equal to this same time last year. 

The Average Asking Price had a very slight decrease, thus remained about the same yet the Median Asking Price has decreased 3%.

We faced in February 09 the lowest number of homes sold in a month in over 8 years! It was a decrease of 32% over February 2008.

That is the  real problem we still face, the SOLD numbers are down. This month the SOLD prices decreased significantly from February 2008. As you can see by the chart below, we have been down significantly on our SOLD numbers and that has been the case all of the last 12 months, yet our inventory has remained flat, but on the high side.

Also the number of Days on Market is at the highest levels in over 5 years for both Active and Sold listings.

Residential Properties = Single Family Homes, Condos, Townhouses & Mobiles on Owned Land

 AR Members: Post your listings and market reports at the Group: http://activerain.com/groups/CityStateListingsReports

Copyright by Don Davies©