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  • Monday market in minutes

    Monday, April 3, 2023   /   by Amy Brown

    Monday market in minutes

    When weeks like this come along, you need to jump on it and run! We are seeing a dip in the market this week. Time to buy is now!

    Average sales price has dropped in the Asheville area by 8.4% this week for an average sales price of $563,712.

    New listings are also on the rise with 152 new homes coming on the market last month creating a much more ideal scenario for buyers.

    However, be forewarned, sellers are receiving 95.9% of list price, up 1.9% from previous weeks creating a more competitive scenario.


    Statistics to watch:

    Average price per square foot = $317
    Average showings until a listing is pending = 17, down by 15%
    Pending sales = +42.7% creating a competitive marketplace

    New listings, pending sales, and sales price are on a steady climb upward that has remained consistent since 2013. In order to obtain the best deal for TODAY, you have to buy TODAY while there is a slight downshift because overall we are on a steady climb in price with a steady reduction in affordability. Also, as the price to build continues to remain high and with limited land space we will continue to see limited inventory in the coming years.

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    Please call me with questions. I can help you best strategize when is the right time to buy and sell. Our market is unique in the U.S. Let me guide you through it.