Spring is in full swing in the mountains of Western North Carolina, and the GreyBeard Realty team is back with insights on what has been happening in the real estate market in 2026 for the first few months of the year. Numbers through March reveal a continuation of a theme that was a large part of the narrative of 2025: A shift from a [...]
Previous month’s trends have shown the Western North Carolina real estate market is experiencing a cooling phase, and Q3 of 2025 is a continuation of that pattern with our once tight seller’s market shifting to a more balanced market – now in favor of a buyer’s market. The one data anomaly is a sharp increase in pending sales. While the 64% [...]
In January’s outlook, we suggested that trends were pointing towards a more balanced market with flatter prices. This shift in market trends isn’t a direct result of Helene’s impact–contrary to what might be assumed. Even as of July 2024, before the hurricane, we were noticing indications of a more balanced market as supply was on the [...]
For those who have been spending the winter months pondering listing their Asheville homes for sale, it is not uncommon to list in spring, just before what some have termed the "summer selling season." For Asheville, the spring and summer months are a popular time to sell due to the warmer temperatures. However, Asheville's tourist [...]
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The question that has been reverberating across our brokerage walls and in GreyBeard agents’ conversations with friends and clients over the past few months is one you might have yourself – how has Hurricane Helene impacted the Asheville and Western NC real estate market? While the full answer will take [...]
If you've spent any amount of time considering listing your Black Mountain home for sale, it is not uncommon for sellers to feel the process is daunting at first. Should you renovate your home before selling? What kind of prep work is required? With all the other homes on the market, how do you ensure yours stands out online and offline? [...]
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The Greater Asheville area is no stranger to a real estate market influenced by a chronically low inventory of homes for sale. In the past few years, low inventory, combined with the area's growing demand, merged with even greater demand over the pandemic years. During these years, people sought to [...]
As the summer months heat up, the typical seasonal increases in inventory have occurred in the Greater Asheville Area real estate market. However, supply is still low. Second-quarter real estate numbers have largely mimicked the previous quarter in a home sales landscape of persistently high-interest rates, questions about the economy, and fewer homeowners looking to sell.
Buncombe County
The Buncombe County market has seen a 23% decrease in home sales year to date compared to 2022. Inventories remain low. As of this update, there are only 650 homes for sale in Buncombe County, less than the already low 662 homes that were available in 2022. The cause of the inventory difference is a decrease in new listings. We speculate that homeowners are (still) reluctant to list their homes and give up the lower mortgage rates they currently enjoy. Average and median sales prices have remained slightly above 2022 in correlation to the low inventory. In June, the average sale price was around $595,000.
View our Asheville and Black Mountain homes for sale.
McDowell County
McDowell County trends mirror Buncombe County except for the average sales price which is down 15% year to date, compared to 2022. The average price in June was $337,000. Median prices are also down 9%. There is not a clear indication of what is causing the decrease in prices given that supply is down–with only 80 homes on the market. The trend with pricing activity in correlation with inventory will be an important metric to track in the coming months.
View our Old Fort homes for sale.
Burke County
Of the three counties reviewed in this market update, Burke County’s real estate market appears the strongest. Average prices are up 9% over
2022. June’s average prices ended at nearly $295,000. Inventories are down 19%–102 homes on the market last year compared to 83 this year. Closings are down nearly 17% year to date, while new listings are 12.6% lower than last year. Burke continues to operate as a seller’s market.
View our Lake James homes for sale.
Conclusion
Unlike previous real estate slowdown cycles, sales prices, for the most part, have remained steady or slightly up. Supply has remained low as fewer homeowners list their homes as they attempt to wait out interest rate increases. With interest rates approaching 7%, we do anticipate this trend to continue for the next few months.
To view all of our homes for sale in these areas, click here.
After a few record-setting years for the Western North Carolina real estate market, the latter months of 2022 and early 2023 have left many questioning if the narrative might be shifting, if only slightly. Inventories have remained low which has kept prices relatively stable in our market, even amidst the ongoing backdrop of economic and [...]
Hindsight is 20/20, and with 2022 in the rearview mirror, the climate of the Western North Carolina real estate market is becoming clearer as we kick off the first quarter of 2023. In 2022, we began to see increasing signs of an overheating market that was beginning to cool amidst the backdrop of sharply rising interest rates – not to [...]
