Asheville Real Estate, Buncombe County, NC: Real Estate Market Report (Sold & Active) - May 2009

Asheville, Buncombe County, NC Real Estate Market Statistics - May 2009

Active and Sold - May 2009 and 2008 Comparisons

Our Active Residential Listings (Inventory) numbers are increasing and are up 2% over this same time last year.

The Average Asking Price had a decrease (4%), which the slower market influenced, and the Median Asking Price has decreased 7%. That is because of the higher priced homes taking "price reductions".

May sales had a decrease of 42% over May 2008. April 2009 showed a slight increase from the Mar 09 numbers but May was still down below normal, when normally, sales would be on the increase due to the Spring demand.

That is the real problem we still face, the SOLD numbers are down for the year to date. As you can see by the chart below, we have been down significantly on our SOLD numbers and that has been the case all of the last 12 months, yet our inventory has remained flat, but on the high side.

The number of Days on Market is at the highest levels in over 5 years for both Active and Sold listings.

Residential Properties = Single Family Homes, Condos, Townhouses & Mobiles on Owned Land

AR Members: Post your listings and market reports at the Group: http://activerain.com/groups/CityStateListingsReports

Copyright by Don Davies©