Asheville Real Estate Residential Report-April 2011

Greetings,

Some quick #’s for Buncombe County as of my last report on April 18, 2011.

 Active listings: UP 6% from last month… DOWN 12.47% from last year

Contracts Pending:  UP 9.56% from last month…DOWN 21.22% from last year

Past 6 months sold units:  UP 4.05% from last month…DOWN 14.68 from last year

Pending ratio:

Now 12.8%

Last month 12.3%

Last Year 14.2%

35% of sales between $175,000 and $299,999…$175k-$299,999 the highest at 13.42%

To see specific data in your price range of interest see the report HERE

Sales are down, however  inventory is down as well, which is good news.  This is why the absorption shows stable from last year.  We had a slow start to the year, but we seem to be making up for it now.  Things are really busy.  We all hope to bring the market absorbs the present inventory before too much more is added.