Asheville Region

RESIDENTIAL SALES SUMMARY

Home sales across the Asheville region continued their slowdown, largely due to the lack of inventory available throughout the region. Days on Market dropped more than 40% on 2020's results, showing the demand from homebuyers remains strong, outpacing supply in all price ranges.

Not only is the lack of inventory impacting the market, but the rising sales price continues to put homes further out of reach for many first-time homebuyers. Sellers, on the other hand, are consistently getting the asking price or more for their homes, in a seller's market that is expected to continue well into 2022. Key observations from this last Quarter of 2021 are:

Homes in Asheville have steadily sold for 97.2% of the asking price in this active seller's market during

Once again, fourth-quarter sales results saw inventory fall in all of the markets we serve, reaching 1.2 in Asheville, an unprecedented result.

The shortest average time to have an offer accepted on a home in Asheville is 33 days, a reduction of more than 41% on 2020 4th quarter results.

Closed sales are down just slightly, at -4.1% in the fourth quarter of last year–likely due to forthcoming interest rate hikes, the holiday season, and a considerable lack of inventory.

the fourth quarter of 2021. A slight increase from the previous quarter.

ASHEVILLE

RESIDENTIAL SALES SUMMARY

Asheville continues to see Average and Median Sales Prices increase with Months Supply nearly decimated by buyer demand. With such a low inventory it's no surprise that Closed Sales have dropped more than 4% on 2020 figures. Expect more of the same in 2022, with prices continuing to rise and both inventory reducing and Days on Market increasing, likely in tandem with mortgage rate hikes.

Asheville (Region)

BUNCOMBE COUNTY

RESIDENTIAL SALES SUMMARY

In the pastoral setting of Buncombe County, Asheville's home county, Q4 Average Sales Prices for homes were up 19.1% compared to 2020 figures, selling for a record $527,393! On average, homes in Buncombe County are on the market for 27 days, more than 40% faster than Q4 2020. While Buncombe County offers greater selection and opportunities for first-time buyers, its new developments and luxury communities have put upward pressure on home prices, outpacing Asheville

Buncombe County

HENDERSON COUNTY RESIDENTIAL SALES SUMMARY

Long the sleepier, country town cousin to Asheville's savvy foodies and in-the-know culture-seekers, Henderson County attracts its fair share of equally erudite buyers relocating from the midwest, Florida, and east coast, successfully attracting buyers seeking affordability without sacrificing that mountain lifestyle. Just a 25-minute drive to Asheville, its proximity to amenities without the crowds is a major draw for homebuyers throughout the county.

Henderson County