Buncombe County Market Update – May 2025: Signs of a Shifting Market

The Buncombe County real estate market is showing signs of transformation as we move through mid-2025. While inventory levels and new listings are up significantly, closed sales and home prices tell a more nuanced story—indicating that the once red-hot seller’s market is cooling into a more balanced playing field.

Inventory Surge Changes the Landscape

One of the most striking shifts this month is the 81.1% increase in inventory compared to May 2024. With 1,518 homes on the market, buyers now have considerably more options. This surge is also reflected in the months supply of inventory, which jumped from 2.9 to 5.9 months, a 103.4% increase. In real estate terms, a 5–6 month supply is generally considered a balanced market—no longer favoring sellers as heavily.

New Listings Climb, But Sales Are Sluggish

New listings are up 36.9% year-over-year for May, and up 24.9% year-to-date, showing strong seller interest. However, closed sales are down 20.6% for May and 10.8% year-to-date, while pending sales also dipped 7.9% year-to-date. This disconnect suggests that despite increased inventory, many homes are sitting longer and not converting to sales at the same pace as last year.

Pricing Trends Reveal Buyer Hesitation

While the year-to-date median sales price is up 5.1% to $493,890, the monthly median for May dropped 2.9% to $505,000. Additionally, the average sales price fell 11.1% from the same time last year, now sitting at $611,124. Sellers are also receiving less of their original asking price—now 95.8%, down from 97.8% in May 2024.

This cooling of pricing power, paired with a 21.7% increase in average days on market, points to growing buyer caution and a need for pricing strategies to adjust accordingly.

What This Means for Buyers and Sellers

• For buyers, this could be the best environment we’ve seen in years. More options, less competition, and the potential for price negotiations make it a strong time to re-enter the market.

• For sellers, preparation is key. Homes are taking longer to sell, and pricing too aggressively could lead to extended days on market or price reductions. Working with a local expert to develop a smart listing strategy is more important than ever.

Final Takeaway:
The Buncombe County housing market is no longer sprinting—it's pacing itself. The substantial inventory increase suggests a healthier, more sustainable market environment, but sellers will need to adjust expectations. Buyers, on the other hand, might finally be able to take a breath and explore the growing selection of homes at a more manageable pace.

Buncombe County Real Estate Market Update – April 2025

The April 2025 housing market report is in, and Buncombe County continues to show signs of change—some encouraging for buyers and others for sellers. Let’s break down the key highlights from this month’s data, provided by Canopy MLS.

Inventory on the Rise

One of the most notable shifts is the increase in available homes. Inventory jumped by 65.3% year-over-year, bringing the months supply of inventory to 4.8, up a significant 92% from April 2024. This increase in supply could indicate more opportunities for buyers who’ve struggled with limited options over the past few years.

Prices Continue to Climb

Even with more inventory, prices are still on the rise. The median sales price in April hit $500,000, a 5.3% increase from the previous year, while the average sales price rose to $631,452, up 2.1%. Year-to-date, the average sales price has grown 3.5%, and the median price is up 7.9%—showing that demand for homes in Buncombe County remains strong.

Fewer Sales, But Homes Are Taking Longer to Move

Despite the rise in listings (up 27.8% to 602 new listings in April), the number of closed sales dipped by 7.5%, and pending sales fell 18.5%. This slowing pace is mirrored in how long homes are staying on the market. The average days on market until sale increased by 22.4% year-to-date, from 49 to 60 days. The number of days from listing to close also rose slightly to 94 days.

Sellers Still Holding an Advantage (But It’s Softening)

Sellers are still receiving close to asking price, with the percent of original list price received at 95.7%, only a slight drop from last year. However, with inventory growing and homes taking longer to sell, we may be seeing a softening shift toward a more balanced market.

What This Means for Buyers and Sellers

If you're a buyer, the expanding inventory is welcome news—it means more choices and possibly less competition. But be prepared for prices that remain elevated.

If you're a seller, you’re still in a good position, especially if you price your home well. However, keep in mind that with homes taking longer to sell, it’s more important than ever to have the right pricing and marketing strategy.

Whether you're buying or selling in Buncombe County, working with a knowledgeable local real estate agent can help you navigate these evolving conditions and make the most of today’s market.

The Spring 2025 Wall Street Journal/Realtor.com Housing Market Ranking offers a comprehensive look into the evolving U.S. housing landscape, highlighting regions that balance affordability, economic vitality, and livability. (Spring 2024 WSJ/Realtor.com Housing Market Ranking)

🏡 Top Markets Leading the Charge

This season, Toledo, Ohio, claims the top spot, boasting a median listing price of $235,000—nearly $200,000 below the national median. Its affordability, combined with robust buyer demand and swift market activity, underscores its appeal.

Other notable markets include:

• Manchester-Nashua, NH: With a median price of $565,000 and low unemployment, it offers proximity to Boston without the hefty price tag. (Winter 2025 WSJ/Realtor.com Housing Market Ranking)

• Rockford, IL: Affordable at $249,000, it presents opportunities for both buyers and investors.

• Springfield, MA and Canton-Massillon, OH: Both regions combine reasonable home prices with steady demand. (Realtor.com’s top housing markets for 2025)

These areas exemplify the trend of buyers gravitating towards markets that offer economic stability and a higher quality of life without exorbitant costs. (Spring 2024 WSJ/Realtor.com Housing Market Ranking)

📉 Affordability Challenges in the Northeast and West

Conversely, states like Connecticut, New York, and California received failing grades in Realtor.com's recent affordability and construction report. Factors such as restrictive zoning laws and high building costs contribute to limited housing supply and elevated prices, making homeownership a distant dream for many. (Connecticut flunks national 'report card' on home construction, affordability of existing housing)

For instance, Hartford, CT, despite its economic potential, faces challenges with a median listing price of $450,000 and an unemployment rate of 4.4%, reflecting broader regional issues. (Fall 2024 WSJ/Realtor.com Housing Market Ranking)

🌱 Midwest: The Emerging Haven

The Midwest stands out not just for affordability but also for climate resilience. Cities like Appleton, WI, and Akron, OH, offer lower risks of extreme weather events, adding to their appeal. Moreover, the cost of living in these areas is often below the national average, providing a balanced lifestyle for residents. (Fall 2024 WSJ/Realtor.com Housing Market Ranking)

🔍 Key Takeaways for Buyers and Investors

• Affordability is Paramount: Markets offering lower home prices without compromising on amenities are in high demand. (Realtor.com’s top housing markets for 2025)

• Economic Stability Matters: Regions with steady job growth and low unemployment rates attract more buyers. (These 10 US Metros Will Likely Be Top Housing Markets in 2025)

• Climate Resilience is a Bonus: Areas less prone to natural disasters are becoming increasingly attractive.

As the housing market continues to evolve, staying informed about regional trends and economic indicators is crucial for making sound investment decisions.

For a deeper dive into the Spring 2025 Housing Market Ranking, visit Realtor.com's official report.

Spring is bringing more activity to the Buncombe County housing market. According to the latest data, new listings were up 15.3% compared to last March, giving buyers more options as inventory climbs. In fact, the number of homes for sale rose 40.7% year-over-year, pushing the months supply of inventory from 2.4 to 3.7—a sign the market may be shifting toward better balance.

However, closed sales dipped 10%, and homes are sitting longer, with days on market up 23.5%. The median sales price also edged down slightly to $455,000, though the average price remained steady near $590,000.

Overall, we’re seeing signs of a cooling market with more choices for buyers and slightly more negotiating room. It’s a good time to talk with a local Realtor®—whether you're thinking about buying, selling, or just staying informed.

10 Common Garden Mistakes That Attract Pests (And How to Fix Them)

A beautiful garden can quickly turn into a pest paradise if you're not careful. The Spruce highlights 10 common mistakes that make your garden more inviting to bugs—and simple ways to fix them:

1. Overwatering – Too much moisture attracts slugs, gnats, and mosquitoes. Stick to a regular watering schedule and use well-draining soil.

2. Using Broad Insecticides – These can kill helpful bugs along with the bad ones. Opt for targeted pest control methods to protect natural predators.

3. Leaving Plant Debris – Dead leaves create cozy hiding spots for pests. Keep your garden tidy.

4. Overcrowding Plants – Poor air circulation invites mold and insects. Give plants room to breathe.

5. Skipping Weeding – Weeds attract and shelter pests. Stay on top of them.

6. Over-mulching – Mulch is great—until it traps too much moisture. Apply moderately and keep it away from stems.

7. Not Rotating Crops – Growing the same thing in the same place every year attracts pests. Switch it up!

8. Too Much Fertilizer – Overfed plants grow fast and weak, making them easy targets. Follow guidelines carefully.

9. Ignoring Pest Signs – Small issues can quickly escalate. Inspect regularly and act fast.

10. Dirty Tools – Unclean tools can spread pests and disease. Clean them often.

Avoiding these slip-ups can help your garden stay healthy, balanced, and pest-free.

To read the full article click HERE

The Buncombe County housing market continues to evolve, showing both opportunities and challenges for buyers and sellers alike. February 2025’s data, provided by the Canopy Realtor® Association, reveals notable shifts in home prices, inventory, and sales activity.

Key Trends:

• Home Prices on the Rise: The median sales price jumped 16.3% year-over-year to $500,000, reflecting strong demand and rising property values.

• Fewer Homes Selling: Closed sales declined 18%, indicating a slower market despite more listings. Pending sales also dropped 11.3% compared to last year.

• More Homes Available: Inventory saw a 31.6% increase, pushing the months' supply from 2.2 to 3.2—a significant 45.5% rise. This means buyers now have more options than they did a year ago.

• Longer Time to Sell: The average days on market increased from 57 to 72 days (+26.3%), showing that homes are taking longer to sell despite higher prices.

What This Means for Buyers & Sellers:

For sellers, pricing competitively and preparing homes for market is more crucial than ever, as rising inventory gives buyers more choices.
For buyers, while home prices are up, the increased inventory and longer market times may provide more negotiation power.

As we move into spring, it will be interesting to see if increased supply balances out price growth. If you're considering buying or selling in Buncombe County, now is a great time to connect with a local real estate professional for expert guidance.

According to Realtor.com's recent analysis, the optimal time to list your home in 2025 is the week of April 13–19. This period is projected to offer a favorable combination of higher home prices, increased buyer demand, and reduced competition among sellers.

Key Advantages of Listing During This Week:

• Higher Sales Prices: Homes listed during this week have historically achieved prices approximately 1.1% higher than the average week throughout the year, translating to about $4,800 more.

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• Faster Sales: Properties tend to sell nine days faster on average when listed during this optimal window.

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• Reduced Competition: Sellers face approximately 13.2% less competition from other listings during this period, increasing the likelihood of attracting serious buyers.

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These insights are based on seasonal trends from 2018 to 2024 (excluding 2020), considering factors such as listing prices, market pace, and buyer demand.

To capitalize on these favorable conditions, homeowners planning to sell should begin preparations now to ensure their property is market-ready by mid-April.

Just because your patio is small doesn’t mean it has to feel cramped or uninspired. With thoughtful planning and creative design, even the tiniest outdoor spaces can become inviting retreats for relaxation, dining, and entertaining. Here are some practical tips to help you make the most of your small patio and transform it into a functional and beautiful outdoor haven.

1. Choose Multi-Functional Furniture

When space is limited, every piece of furniture should serve multiple purposes. Consider options like benches with hidden storage, folding tables and chairs, or an ottoman that doubles as extra seating and a coffee table. Stackable and foldable furniture is also a great way to create more flexibility in your space.

2. Go Vertical

Utilizing vertical space is key in small outdoor areas. Install wall planters, hanging shelves, or trellises to add greenery without sacrificing floor space. Hanging string lights or lanterns can also draw the eye upward, making the space feel larger and more open.

3. Opt for Space-Saving Greenery

Potted plants, vertical gardens, and small raised beds can bring life to your patio without overwhelming it. Consider using tiered plant stands or hanging planters to maximize greenery while keeping the floor area clear.

4. Define the Space with a Rug

An outdoor rug can instantly create the illusion of a larger, more defined space while adding warmth and color. Choose a weather-resistant rug in a bright or neutral shade to complement your overall design.

5. Incorporate Smart Storage

Clutter can make a small patio feel even smaller. Invest in storage solutions such as built-in seating with compartments, hanging baskets, or slim shelving units. A well-organized patio feels more spacious and inviting.

6. Create an Illusion of Space with Mirrors

A well-placed mirror can reflect light and make a small patio appear larger. Consider using a weather-resistant mirror on a wall or fence to open up the space visually.

7. Use Light and Neutral Colors

Lighter hues can make a space feel more open and airy. Opt for soft neutrals or pastels in your furniture, decor, and textiles to create a fresh and inviting atmosphere.

8. Add Cozy Ambiance with Lighting

Good lighting can turn your small patio into a magical retreat. String lights, solar lanterns, and LED candles provide a warm, inviting glow without taking up precious space.

9. Think About Layout

Arrange furniture in a way that maximizes movement and function. A corner seating arrangement can create a cozy nook, while a round table can fit more guests without feeling crowded.

10. Personalize Your Space

Adding personal touches, such as colorful throw pillows, an outdoor art piece, or a small water feature, can make your patio feel like an extension of your home. Keep it simple yet stylish to reflect your personality.

Even the smallest patio can become a cherished outdoor retreat with a little creativity and thoughtful design. By incorporating these tips, you’ll be able to enjoy your cozy oasis season after season!

Asheville, North Carolina, is renowned for its vibrant culinary scene, and there's no better time to experience it than during Asheville Restaurant Week. This year, the event returns for a second session from February 18 through February 24, 2025, offering food enthusiasts an opportunity to explore a diverse array of local flavors.

What to Expect

Organized by the Asheville Area Chamber of Commerce, Asheville Restaurant Week celebrates the city's rich gastronomic offerings. Participating restaurants provide special menus and pricing, allowing diners to sample signature dishes and exclusive creations crafted for the event. Whether you're a fan of traditional Southern fare, international cuisine, or innovative fusion dishes, there's something to satisfy every palate.

Participating Restaurants

A wide range of establishments are participating in this year's event. Here are some notable mentions:

• Bargello: Known for its Mediterranean-inspired dishes, Bargello offers a delightful dining experience in the heart of Asheville.

• Chai Pani: This eatery brings the flavors of Indian street food to Asheville, offering a unique and vibrant menu.

• Cúrate: A Spanish tapas bar that has garnered national acclaim, Cúrate presents an authentic taste of Spain.

• The Market Place: Focusing on farm-to-table cuisine, The Market Place highlights local ingredients in its creative dishes.

• Posana: This contemporary American restaurant is known for its commitment to locally sourced and gluten-free offerings.

For a complete list of participating restaurants and their special menus, visit the official Asheville Restaurant Week page.

Special Highlights

Some restaurants have crafted exclusive menus for the event. For instance, Cúrate offers a dinner menu featuring tapas to share at $48 per person, including dishes like gambas al ajillo (sautéed shrimp in sherry broth) and tarta de queso (Basque-style cheesecake). Posana presents a three-course meal priced at $50 per person, showcasing their culinary creativity. These special offerings provide a unique opportunity to experience the best of Asheville's dining scene at exceptional value.

Tips for Diners

• Reservations: Given the popularity of Asheville Restaurant Week, it's advisable to make reservations in advance to secure your preferred dining times.

• Explore New Cuisines: With a plethora of restaurants participating, consider stepping out of your comfort zone to try new flavors and culinary styles.

• Support Local Businesses: This event is an excellent opportunity to support local establishments, especially as the city continues to recover from recent challenges.

Asheville Restaurant Week is more than just a dining event; it's a celebration of the city's resilience, creativity, and community spirit. Whether you're a local resident or a visitor, this week promises a culinary adventure that reflects the heart and soul of Asheville.

Check out all the restaurants and their menu's Here

The Buncombe County housing market is experiencing notable shifts as we enter 2025. With an increase in new listings, higher home prices, and longer days on the market, buyers and sellers alike are adjusting to changing conditions.

Market Insights:

• Increased Inventory & New Listings – More homes are hitting the market, giving buyers additional options. The 19.7% rise in new listings and a 21% increase in active inventory suggest that sellers are eager to capitalize on rising prices.
• Price Growth Continues – The median sales price has jumped 9.5% compared to last year, reflecting sustained demand despite higher mortgage rates.
• Longer Time to Sell – Homes are taking longer to sell, with days on market rising to 61 (+29.8%). This suggests that while demand remains strong, buyers may have more negotiating power.
• Slight Decline in Closed Sales – The number of closed sales dropped 4.6%, likely due to affordability challenges and extended selling timelines.

Local Perspective – Weaverville & Beyond

For Weaverville, a desirable small-town market within Buncombe County, these trends align with what local businesses and homebuyers are experiencing. As a member of the Active Weaverville Committee and someone deeply involved in local business growth, I’ve observed increased interest in our town’s walkability and quality of life. However, the longer time to close and rising prices could mean buyers are more selective.

For those considering selling, this is still a strong market, but pricing strategy and home presentation will be critical. Buyers should take advantage of the increased inventory while understanding that home values are continuing to rise.

If you're interested in how these market trends impact Weaverville directly, let’s discuss strategies tailored to your needs!