Asheville Market Insight, April 2024

April stats are in. Average, median and list prices are all up year over year while days on market is flat when compared to April 2023. Since the beginning of the pandemic, home prices in North Carolina are up over 60% which is one of the leading state increases across the country. Why? Put simply, it's high demand and short supply. The demand comes from a realization of the great lifestyle here in the mountains of North Carolina, while for some it's an appealing climate while for others it's lower taxes and relative affordability compared to the market they're coming from. The good news is inventory and supply are about as high as they've been in a few years although it may not feel that way to those of us who are out in the field searching for homes on a daily basis. Get in touch to talk about the market with me and to make a plan to sell or buy successfully in the Asheville area.