Asheville, Buncombe County, NC: Real Estate Market Report (Sold & Active) - August 2008 vs 2007

Asheville, Buncombe County, NC Real Estate Market Statistics -

Active and Sold - August 2007 and 2008 Comparisons

Our Active Residential Listings have increased 21% from this same time last year.

The Average Asking Price has increased 7% and Median Asking Price has increased almost 7%.

The real problem we still face is the SOLD numbers and the SOLD prices are down. As you can see by the chart below, we have been down significantly on our SOLD numbers all of the last 12 months, yet our inventory has increased.

The number Sold in August 2008 is down 35% from last August 2007 and the Average Sold Price is down 4%.

Also the number of Days on Market is at the highest levels in over 5 years.

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