August 2023 Monthly Market Update - Asheville, NC (Single Family Only)
If you’re thinking about buying or selling your home, understanding what’s going on in our local real estate market is vital.
Being aware of the data such as the average sales price, the number of homes sold, and the number of new listings will arm you with the knowledge you need to create a winning strategy to meet your goals.
Our August 2023 market report showcases everything you need to know about local real estate trends.
Let's do the math!
Year over year, 16.6% few buyers made the move to Asheville, NC. They paid 12.2% more than this time last year. The # of active listings has remained unchanged at 515. New listings, however, have decreased by 7% and are down Aug over Aug and down 25% from five years ago. New listings are down 25% from Aug. 2018! And the average mortgage interest rate on a 30 year fixed has increased from 4.5% in 2018 to 7%, less than 50%.
August 2023 Market Update for Asheville, NC
Single Family ONLY
Ave Sales Price