Asheville, NC housing market

Asheville home values are down nearly 6 percent this year, and sellers are scrambling to adjust. Here is what that means if you are thinking about selling. The typical Asheville home is now worth about four hundred forty-two thousand dollars, after falling roughly 6 percent over the past twelve months. That decline is showing up in seller behavior. About 27 percent of active listings have already taken a price cut, more than one in four. Homes are sitting too, with a median of about 75 days on market before going under contract. But here is the catch. Despite all of this, the median asking price is still around five hundred thirty thousand dollars, roughly eighty-eight thousand dollars above what a typical home is actually worth. Sellers keep aiming high, then cutting when buyers do not bite. Meanwhile about 960 homes are for sale, with only about 230 new listings coming on, so the pile of aging listings keeps growing. The practical read is that buyers have room to negotiate, and a seller who prices at the market from day one will beat the one who chases it down. If you list near the five hundred thirty thousand dollars median in a four hundred forty-two thousand dollars market, expect to sit and then cut. Find out what your home is worth today with a free estimate at Home Value Pros dot com.