The Asheville real estate market, which showed some promising signs last year, can take more hope in the most recent numbers from real estate in the South. In the South, sales of single family homes rose 3.8 percent in January. While the median price for existing single family homes decreased 2.6 percent in the region, compared to January 2011, the market still shows signs of promise.
Unsold listed inventory of homes in the South reached a record 4.04 million in July of 2007. Overall, the total listed inventory has been headed downward, and the inventory now stands 20.6 percent from a year ago.
While it's still early in 2012, various market signs are pointing to a more positive real estate market in the South. We have to expect that the Asheville real estate market will be leading the way. For more information or for help in navigating the Asheville real estate market, please contact Greybeard Realty.