State of the Market Here in Asheville

I would guess that many of you are wondering how the real estate market is holding up here in Asheville. We have slowed somewhat in the past month. Most of buyers come from other large metro markets which, quite frankly, are doing hooribly. A fact that I'm sure I don't have to point out to many of you.

Florida, in particular, drives our local market to a great degree. Things have certainly taken a turm for the worse there this year and so buyers are scarce here. For those of you how may be considering a move in the very near future, the time couldn't be better. Many local builders and larger developers have resorted to giving some really great incentives for purchasing now and dumping inventory. Most of those incentives do not show themselves in pricing and are passed in the form of free upgrades. So, local prices aren't falling on paper, but there are great deals to be had.

I assume that most sellers will hold out as long as they can through the winter and get more agressive in the spring and summer. Re-sale units at that point, barring a major movement in the number of buyers in the market will more than likely not see any major movement until springtime.

We are working very hard here in our office to stay ahead of the curve with respect to the overall market. If you have specific questions please feel free to contact us toll free.
1(866)-645-8797