"Price reductions swept through 52.9% of Asheville's active listings during the week ending Nov. 7, 2025, even as the metro's median list price held firm at $599,000, a 40.9% premium over North Carolina's statewide median of $425,000. The mountain metro recorded 232 homes absorbed from the market weekly while maintaining 2,511 active listings. New inventory additions totaled 120 properties, creating a months of supply measure of 2.6, slightly above the state's 2.6 months and national figure of 2.5 months."
"The absorption rate of 232 homes weekly outpaced new listings by nearly 2-to-1, suggesting buyers engage when pricing aligns with expectations. The 4.1% relisting rate indicates most sellers who remove properties from the market return with adjusted strategies rather than abandoning sale plans entirely. Price increases affected just 0.9% of active inventory, underscoring the dominant trend toward downward adjustments. At $295.3 per square foot, Asheville commands substantial premiums over both North Carolina ($210.3) and national ($212.3) averages."
Asheville experienced widespread price reductions on 52.9% of active listings while its median list price stayed at $599,000, a 40.9% premium over the state median. The metro absorbed 232 homes weekly with 2,511 active listings and 120 new listings, producing 2.6 months of supply. Homes took a median 84 days to sell, one week longer than state and national medians. Relistings occurred at 4.1% and price increases affected only 0.9% of inventory. Price per square foot averaged $295.3, substantially above both state and national averages, indicating sustained elevated pricing despite reductions.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]