Asheville, Buncombe County, NC Real Estate Market Statistics - March 2009
Active and Sold - March 2009 and 2008 Comparisons
Our Active Residential Listings numbers have increased slightly over this same time last year.
The Average Asking Price had a very slight decrease (1%), thus remained about the same, yet the Median Asking Price has decreased 5%. That is because of the higher priced homes taking "price reductions".
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. March 2009 showed a slight increase from the Feb 09 numbers but was still down 26% from March of 2008.
That is the real problem we still face, the SOLD numbers are down. This month the SOLD prices had a jump of 4% over the March 2008 Sold Prices. 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©
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