July 2025 update on the Asheville real estate market
What today’s market means for your next move
Hey there! 👋🏻
The latest Asheville Region housing report is in, and I spotted a few standout trends you should know whether you're buying, selling, or just watching the market.
1. Inventory is rising fast.
There are 59% more homes for sale than this time last year. If you’re a buyer, that means you have more options. If you’re a seller, you’re facing more competition.
2. Homes are sitting longer.
The average home took 99 days to close in June, up 15% from last year. Days on market also rose 34%, giving buyers more breathing room.
3. Prices are softening.
The median sales price dipped 3.8% year over year to $419,745. If you’re a seller, you may need to be flexible. If you’re a buyer, you might find room to negotiate.
4. Sellers are adjusting expectations.
Homes sold for 94.2% of their original list price in June, down from 95.9% last year. Strategic pricing matters more than ever.
5. The market is rebalancing.
With 6.3 months of inventory on hand (a 70% increase), we’re definitely shifting toward a buyer’s market in many price ranges and neighborhoods.
If you're thinking about making a move, or just want to understand how this market affects your plans, let me know. I’m Craig, and I’d be glad to chat.
