Asheville Home Market Analysis – July 2015


Asheville Home Market Analysis – July 2015

Year Month Units
Sold
Average
List Price
Average
Sale Price
% Diff
Sale / List
Avg
DOM
Avg
CDOM
Month-End
Inventory
Absorption
Rate
Avg $ per
Square Foot
2015
Jan 451 $252,421 $239,639 94.90% 173 203 12,795 28.4 $118
Feb 418 $240,337 $226,970 94.40% 166 191 12,815 30.7 $116
Mar 592 $237,960 $227,627 95.70% 167 195 13,182 22.3 $120
Apr 598 $256,304 $242,206 94.50% 182 207 13,752 23 $123
May 702 $266,962 $255,133 95.60% 144 163 14,332 20.4 $128
Jun 797 $278,995 $266,050 95.40% 149 168 14,758 18.5 $132
Jul 803 $286,769 $272,730 95.10% 132 157 14,866 18.5 $134
2015 Average 623 $263,354 $250,560 95.10% 156 180 13,786 23.1 $126
Total 4,361 $1,148,486,525 $1,092,692,480   681,010 784,635 96,500  

The Asheville home market analysis shows that the area is gaining momentum and is projected to be the best year of home sales since the downfall in 2007.   In a recent market analysis, we are expected

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