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

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

Active and Sold - July 2009 and 2008 Comparisons

Our Active Residential Listings (Inventory) numbers are still close to the "peak" and only had a very slight increase over July of last year.

The Average Asking Price had a decrease (3%), which the slower market influenced, and the Median Asking Price has decreased 5%. That is mostly because of the higher priced homes taking "price reductions".

July sales had a decrease of 10% over July 2008. This is normally the time of year when sales should be increasing.

The Average Sold Price had a decrease (8%) compared to July 2008 and the Median Sold Price had a decrease (11%) compared to July 2008.

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©