|
03.02.24
Based on data from September 2023, the regional housing market has seen prices level somewhat, primarily in Buncombe and Henderson Counties, and that trend should continue through the first quarter of 2024, according to the Regional Vice President for NC Realtors Dave Noyes.
The median residential single family home price has increased by 8.6% year over year, and is up 21% since 2001. Often learning of WNC by hearing about Asheville, Buncombe County is typically more popular, according to Noyes; however, many of those relocating to the area get “sticker shock” and begin looking in outlying areas.
Sellers around the region were receiving about 98% of asking prices at the end of summer 2023, and moving into Fall, they were typically receiving 100% of their asking price. Within the last year, the market has seen a slight increase in inventory, up by 4.3% in Henderson County and 4.1% in Buncombe County. The number of days houses spent on the market increased from five days in June to seven days in October — a significant relative increase.
| 
