What is the status of the housing market in Western North Carolina? 

According to a recent annual report released by the Asheville Area Chamber of Commerce, the Asheville metro is continuing to experience stable economic growth.  Our unemployment rate (currently at 3.7%) holds well below the state and the nation.  Unlike the real estate market nationwide, existing home prices remain positive.  The number of units sold has declined, however, owing to the slow-down of outside markets that provide new residents to our area.  Overall, mild population increases, stable job growth and the quality-of-life attraction have kept the residential housing relatively stable.

For more information from the annual Economic Outlook report, click here or email the Asheville Area Chamber of Commerce for their monthly e-newsletter covering current economic and demographics trends in our area (econdev@ashevillechamber.org).

More research from the Western N.C. Regional MLS
From the first of the year through 7/31/08, there were 2910 single family units sold in the Buncombe/Haywood/Henderson/Madison/Transylvania County area.

Buncombe County:

• Residential Months of Inventory by Price Range, Buncombe County
• Buncombe County Residential Closings
• Number of Days between Listing Date & Closing Date, Buncombe County

Henderson County:

• Residential Months of Inventory by Price Range, Henderson County
• Henderson County Residential Closings
• Number of Days between Listing Date & Closing Date, Henderson County

Transylvania County:

• Residential Months of Inventory by Price Range, Transylvania County
• Transylvania County Residential Closings
• Number of Days between Listing Date & Closing Date, Transylvania County