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  • Monday market in minutes

    Monday, December 4, 2023   /   by Amy Brown

    Monday market in minutes

    New listing prices are starting to fall. We have reached a balanced market and homes are looking to be more reasonably priced this winter.

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    We currently have 5.65 months of inventory and interest rates stabilize. Homes are staying on the market longer and list to sold price is dropping. The average home is selling for $517,086 in Buncombe county today.

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    New listing prices are down 2.7% for the average price of homes coming on the market being $550,000, a far cry from the $625,000 that we saw over the summer.

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    We also have more inventory than ever before making this a great time to buy a new home. Don't wait until the Spring season when we are sure to see a resurgence in prices and drop in inventory before you start looking for your dream home. The off season could be your best opportunity to get the home that you have been waiting for at a more affordable price.

    For more information on the market, give us a call at 828-279-0998. We are here to help!