September 2021 Market Report - Buncombe County
We have the data from the September Ruiz Reports for Buncombe and Henderson counties in North Carolina. This information is valuable whether you are thinking about buying OR selling a home. It's also fascinating for any of you data nerds out there - we see you!
One factor to note is that Buncombe county added 19 more new listings to the market than it took off (put under contract) - this means the overall supply of homes increased - something we haven't seen much of in previous months!
50% of homes went under contract in 8 days or less, and at this rate there's about 1.4 months of supply to go around - this means that if no more houses were to be put up for sale, all of the homes in Buncombe county would be sold in less than a month and a half. When you dig deep into the different price ranges; the lower the price, the less supply there is available. Homes below $400,000 have a month or less of inventory available.
In pricing data, the average home price in Buncombe County was $38,000 more than it was last September. On average, properties sold for 100% of their list price at the time the offer was made, and 98% of the original list price.
Interested in discussing this deeper with one of our market experts? Click here for the full report (which also includes Henderson County), and call us today at (828) 771-2339.
