11/03/2026
Asheville Region Housing Market Update - Sales Rebound and Inventory Steps Down
After three quieter weeks, buyers came back this week - and the number of homes for sale took a real step down.
Across Buncombe County, 75 homes sold, up from 52 last week, with Asheville sales rebounding from 16 to 40 and Black Mountain selling 6. New listings held steady at 72 countywide. Even so, homes for sale fell from 2,241 to 2,168 in the county, including 1,107 in Asheville and 159 in Black Mountain. Sales alone do not explain a drop that size, so it appears some sellers are also taking their homes off the market as the holidays approach, a pattern we see most falls.
Months Supply of Inventory eased from 6.7 to 6.6 months. At the current sales pace, it would take about six and a half months to sell everything listed if nothing new came on the market - still a level where buyers have time and room to negotiate. Learn more about why we track Months Supply of Inventory here: https://www.jasonlandrealty.com/blog/posts/2024/02/13/navigating-the-real-estate-market-with-34-months-supply-of-inventory-34-a-dawn-wilson-realty-guide/
Two numbers moved the other way. The median sales price slipped to $410,000 after three weeks at $420,000, and average days on market rose from 71 to 74. Price reductions continued to ease, with 148 across the county.
Compared with a year ago, sales were almost identical - 75 homes this week versus 74 in the same week last year - but buyers have more homes to choose from, homes take longer to sell, and Months Supply is higher than last year's 6.1.
Same demand, more supply: that works in buyers' favor.
For buyers, this fall is offering choice without the pressure to rush. For sellers still on the market, standing out matters, because some of your competition just left.
If you are thinking about buying or selling, we can help you understand what these numbers mean for you and guide you home.