Welcome to Asheville Real Estate Market Report

2011 Sold Properties and Inventory - Quick view

Below you will find articles on the latest housing trend, current snap shot (and full report) market indicators, Asheville real estate videos and pdf files showing you the first, second, third quarter and year end market reports for Buncombe County and WNC. Buncombe County includes, to name a few; Asheville, Arden, Fairview, Weaverville, Candler (see map). WNC includes Buncombe, Henderson, Haywood, Madison and Yancey Counties. Also for an at-a- glance viewing, we provide the Buncombe County real estate Market Ticker at the bottom of the page.
We hope that the combination of real estate articles and market reports, videos etc... will give you a better idea and understanding of how the real estate market is performing in these tough economic times. If you can afford to buy there's no better time than now with interest rates low and plenty of inventory to choose from.

National Real Estate Housing Trend and Asheville Real Estate Market Report
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Real Estate prices In Asheville as well as across the United States may continue dropping in 2011, some experts predict. This drop in housing prices will likely cause a reversal in the upward growth of rentals that was seen in 2010 as consumers will be able to get increasingly better deals on real estate. It is likely that a growth in sales will occur, creating good deals for buyers, but also a more reliable market for sellers.
The Federal Reserve decision last year to buy $600 billion worth of treasury bonds in an attempt to improve the housing market has resulted in members of the Federal Reserve feeling optimistic about 2011. The Federal Reserve says that the recovery is gradually continuing. Though unemployment is still a large problem, household spending is increasing. Also the National Association of Realtors expects 2 million new jobs to be created in 2011. They say that if this holds to be true and mortgage rates do not rise too much, existing-home sales will rise to higher levels. It does not seem unlikely that this will happen as reports released earlier this month show improvement in the Service, Manufacturing, and Construction job fields. Also, 173,000 jobs were created this past December and the unemployment rate dropped from 9.8% to 9.4% - a far greater dropped than most economists predicted.
This information suggests the improvement in the Asheville real estate market will continue to improve along with the rest of the United States. Growth will be slow, but there is definite potential for improvement in 2011.

finance.fortune.cnn.com/2011/01/04/rent-vs-own-ratio-to-flip-in-2011/
realtytimes.com/
MBSQuoteline

Asheville North Carolina Real Estate Market Report For 2010 and 2011 (see map)

2010 1st qtr Bunc	2010 2nd qtr Bunc	2010 3rd qtr Bunc	2010 year-end pdf	2011 first qtr	2011 2nd qtr
2011 3rd qtr	2011 Year-end