As temperatures drop here in the mountains so are home prices which is great news for those looking to purchase. We are still very much in a balanced market and on our way to a buyer's market throughout the winter season with 5.65 months of inventory holding steady in Buncombe county. Now I am not expecting that to last as we head into the Spring buying season when real estate activity picks up drastically here but if you are looking for something now, it's a great time.

List prices are down 2.7% for an average list price countywide of $550,000.


And the median price per square foot has dropped from the Spring and is now holding steady at $347/sf.


List to sales price is also falling giving buyers more room for negotiation this winter. Sellers are currently receiving 97.37% of list price on average.


Here is a list of properties that have had price drops within the past week in the Asheville and Hendersonville markets.

Asheville price drops



Hendersonville price drops



Today's interest rates

30-YR. CONFORMING 7.227% ? -0.056 30-Day Range: 7.227%-7.830%	30-YR. JUMBO 7.465% ? -0.057 30-Day Range: 7.465%-8.232%	30-YR. FHA 7.033% ? -0.010 30-Day Range: 7.033%-7.496%
30-YR. VA 6.821% ? -0.150 30-Day Range: 6.821%-7.490%	30-YR. USDA 7.144% ? 0.094 30-Day Range: 7.050%-7.596%	15-YR. CONFORMING 6.711% ? 0.044 30-Day Range: 6.596%-7.307%