MARKET UPDATE
November 2022
Let's take a dive into November's stats as we wait for December's data to come in. In this post, we will focus on the Asheville Region, City of Asheville, and City of Hendersonville.
Keep in mind that the Asheville Region Includes Buncombe, Burke, Haywood, Henderson, Jackson, Madison, McDowell, Mitchell, Polk,
Rutherford, Swain, Transylvania and Yancey Counties
North Carolina Canopy Realtor Association says that the region’s homes are still selling faster than last year.
According to its Board Director, "As the market moves towards normal, prices will continue to moderate as well, which is why we are seeing some price softening in a number of areas throughout the region. However, we don’t expect to see dramatic drops in home prices. Sellers who are listing during the winter selling season should work with a Realtor® who has access to real-time market and price data, and will help to develop pricing strategies and a strong marketing plan to price the home competitively, so it can sell quickly and with fewer price reductions.”
Noble & Company Inside Tip: Hendersonville is the largest city closest to Asheville. Think of making your move to this town of just over 15,000 people vs. Asheville's population creeping up on 100,000. Hendersonville lays out that small town vibe that is just around a 20 minute drive to downtown Asheville!
See more about the City of Hendersonville here.
Now take a look at the stats and see why you should consider letting us show you around Hendersonville, NC.
We are seeing the same month's supply of inventory in the City of Asheville and the City of Hendersonville with the average home price being around $100,000 less in Hendersonville!
Thinking of moving to Western North Carolina?
We’d love to help you buy or build a home in the mountains of Western North Carolina or the lakes of Upstate South Carolina! Contact Noble & Company Realty to let us know you’re considering a move and we’ll let you know about new listings that fit your criteria whenever they become available. You can also view all of our current land listings HERE and sign up for new listing alerts to stay in the loop.