march 2009: Asheville Real Estate: Buncombe County, NC - Homes in Inventory by Price Range - March 2009 - 04/21/09 09:52 AM
MARCH - 2009
To have some idea of the health of the market, you must compare the current inventory to the number of sales that has taken place to project the actual number of months supply of homes.
The repetitive question is: What is a Healthy Real Estate Market?
That is not always an easy question to answer, but usually, inventory of unsold homes available should not equal more than a 5 to 7 month supply. Asking prices and inventory seem to set the theme.
As we began the new year, it was obvious that Asheville was not experiencing a "healthy" … (0 comments)

march 2009: Asheville Real Estate, Buncombe County, NC: Real Estate Market Report (Sold & Active) - March 2009 - 04/20/09 09:22 AM
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 … (0 comments)