The Asheville Real Estate market continues to slide as does all of Western North Carolina. The results of the 5 county WNC Regional Mls system of total home sales is as follows:
September 2006---------------------September 2007
Homes Sold 782 ---------------------- Homes Sold 537
Average Days on Market 87--------- --Average Days on Market 102
Median Selling Price $218,500------- --Median Selling Price $225,000
Sell Price Volume 228,142,543------- --Sell Price Volume 154,915,195
This shows a 32% decrease in volume from last year. Similarly there is a 31% decrease in the number of homes in the Asheville area, sold. This is an accelerated trend from earlier this summer. It could be a cold, old winter for Real Estate in Asheville, if this continues.
Michael
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