Buncombe County Real Estate Market Update – June 2025: A Balanced Market is Emerging

The June 2025 housing stats are in, and the Buncombe County market is undergoing a notable shift. With a significant rise in inventory and a slight cooling in home prices, the area is beginning to show signs of moving toward a more balanced environment for buyers and sellers alike.

Inventory Rises Sharply, Creating More Options

One of the most striking changes in the market is the 77.9% increase in homes for sale compared to June 2024. Inventory nearly doubled from 893 to 1,589 active listings. This surge has pushed the months’ supply of inventory from 3.1 to 6.2 months—a 100% increase. In real estate terms, that’s a strong indicator of a market transitioning from a seller’s market to a more neutral or even buyer-friendly one.

Prices Show Mixed Signals

While the median sales price for June dropped 3.0% year-over-year (from $524,500 to $509,000), the year-to-date median tells a different story, rising from $475,000 in 2024 to $495,000 in 2025—a 4.2% increase. The average sales price dipped slightly both monthly and year-to-date, signaling some softening, particularly on higher-end properties.

Fewer Closings Despite More Listings

Despite the influx of new listings (up 11.0% in June and 22.7% year-to-date), closed sales dropped by 9.2% for the month and are down 10.4% for the year. Meanwhile, pending sales remain relatively flat, with a modest 2.2% increase in June but a 6.9% decrease year-to-date. These trends point to a more selective and cautious buyer pool, likely driven by interest rates and economic uncertainty.

Homes Taking Longer to Sell

The average days on market until sale increased by over 10% compared to last June and nearly 18% year-to-date. The cumulative days on market is up 24.5%, from 49 to 61 days. This confirms what many local agents are seeing on the ground: homes need to be priced right and show well to move quickly in today’s market.

Sellers Still Getting Close to List Price—but Not Quite

The percent of original list price received dropped from 96.9% to 95.2% in June, reflecting a softening in competition. Buyers have a bit more room to negotiate than in recent years.

What This Means for Buyers and Sellers

  • Buyers: With more inventory and more time to make decisions, this could be your opportunity to enter the market with greater leverage than before.

  • Sellers: It’s still a good time to sell, but pricing accurately and preparing your home for market are more important than ever. The days of multiple offers over asking price are fading—for now.

 

As always, local conditions can vary by neighborhood, price point, and property type. Reach out to a trusted real estate professional to help you navigate the current market with clarity and confidence.