Asheville, Buncombe County, NC Real Estate Market Statistics - April 2009
Active and Sold - April 2009 and 2008 Comparisons
Our Active Residential Listings (Inventory) numbers are increasing and are up 4% over this same time last year.
The Average Asking Price had a decrease (4%), which the slower market influenced, and the Median Asking Price has decreased 5%. That is because of the higher priced homes taking "price reductions".
April had a decrease of 42% over April 2008. March 2009 showed a slight increase from the Feb 09 numbers but April was still down, where normally, sales would be on the increase.
That is the real problem we still face, the SOLD numbers are down for the year to date. This month the SOLD prices had a jump of 2% over the April 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.
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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Not sure if you read my recent post about what I'm doing 'in the meantime.' I just can't feel good about dealing with the sad aspects of some transactions, as well as the blood-thirsty of some who want to kick people when they are down. No thanks; I'm working on my business plan(s) and hoping to end up doing what I absolutely LOVE which is more on the creative side of websites. Please look at my twitter-fed new site: Breaking Asheville News. I still have things to add, as more people are waking up to the value of Twitter. Hope you are doing well!