Real Estate Market Overview | August 2016

Hi Folks! Courtesy of Keller Williams here is our sales overview for Buncombe County from August. First, check out that $125,000 to $175,000 price point with over 100% of those homes under contract. This is the most competitive range given first time home buyers and investors are competing for the same inventory. Buyers need to be ready to compete! There are still strong sales up to $600,000 with the biggest portion of that in the $200,000’s. Bargain hunting buyers check out the List/Sale Price and know there isn’t a whole lot of negotiating around Asheville. Our sellers are holding firm. For sellers in the million range know there is 40 months of inventory to sell through so your going to have to make yourself standout and be a little patient. The good news is that homes above $900,000 are moving. Want to know more? Give us a call to discuss. Cheers! Kelly and Troyaugust-2016-buncombe-absorption-report

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