Punxsutawny Phil is not the only one making predictions and prognostications this time of year. Industry experts have noted the trends within the Asheville real estate market of the last few months, and for these observers, the future appears to be one of improvement.
A recent front page article in the Asheville Citizens-Times cites a 50% increase in monthly home sales in Buncombe County for December, marking the fourth straight month of sales increases over the previous year. The dramatic increase is tempered by the knowledge that the fall and early winter of 2008 were economically challenging times for the area. The four month trend upward, however, indicates that the market appears to be headed in a better direction.
"All my graphs are starting to point in the right direction," said Chip Craig, owner of GreyBeard Realty in Black Mountain. From Asheville Citzen Times