Home Prices Are Staying Steady in Asheville

Home Prices Are Staying Steady in Asheville

Despite the widespread economic shutdown due to the coronavirus pandemic, home prices in the Asheville market have remained relatively stable. According to the Citizen Timeswhile the number of closings took a dip in April, the market conditions are still in line with where they were at the beginning of 2020. Experts credit the area’s natural beauty and appeal to buyers of all ages as a reason to expect the market to pick up—soon—which is great news for sellers.

Asheville is a Seller’s Market

Realtors define a seller’s market or a buyer’s market based on supply and demand. The key metric is “months of supply,” meaning how many months it would take to sell all the homes on the market in a given price range. If there are less than six months’ worth of inventory, it is a seller’s market. If there are more than that, it’s a buyer’s market.

The Citizen Times reports just an inventory of just 1.8 months for homes below $350,000, and 3.3 months for the $351,000-$400,000 range in Henderson and Buncombe counties. Experts predict once things begin reopening this seller’s market will contribute to a gradual increase in real estate activity over the summer, leading things to be back where they were before by the end of the year.

Resources for Home Sellers in Asheville

If you’re ready to sell, now might be the best time to list your home for sale in Asheville. However, this can be a daunting process for anyone—especially if you’re a first-time seller. You don’t have to go it alone, though, Keller Williams Asheville is here to help.

We have a number of resources for sellers on our website. We have guides on how to choose the role your realtor will play, a guide to preparing your home for sale, tips on the appraisal process, and a free home valuation service.

Selling a home isn’t as simple as putting a sign up in the yard. You’ll need to have your home inspected, appraised, staged, and properly marketed. To sell a home, even in a strong market, you need to have a competitive price, and have a way to reach the right buyers. Keller Williams has been recognized for giving our real estate agents the highest level of training in the industry, which makes our team your best option to get the most out of your home listing.

Resources for Home Buyers in Asheville

Of course, we’re also here to help those of you out there who are looking to buy a home in the Asheville area. Whether you’re moving here to get a new start in a mountain paradise, or a long-time resident who is ready for a new home, we have a Keller Williams team member who is here to help you find the perfect fit for you and your family.

As a buyer, you’ll need to make sure you’re getting the best deal you can on a home, as well as secure a mortgage, get an inspection done, and get a home warranty. We have a number of online resources that can help you on those processes right now. We have an online database of homes for sale in Asheville and beyond that is easy to use, and filled with real, active home listings. Here’s a quick guide to getting started with our online listings, and some tips on searching for homes online.

Homes for Sale in Asheville

At Keller Williams Asheville, our job is to make the home selling and buying process easy, fair, and efficient for everyone involved. We want to make sure sellers are getting the most out of their listing, and that buyers are able to find their dream home and focus on the joy of starting off in a new house.

Whether you’re looking to sell your home, or are looking for a home for sale in Asheville, we’re eager to match you with the perfect real estate agent for your needs. Take a look at our team, and get in touch with one of them today to start your real estate journey!