inception-app-prod/ZjczNTUxMGUtNWMzOC00N2E0LWJkOTUtMTIyMDZhZTViY2E0/content/2021/08/FireflyRealtyKW4Cwide-NEW.png
inception-app-prod/ZjczNTUxMGUtNWMzOC00N2E0LWJkOTUtMTIyMDZhZTViY2E0/content/2025/02/0d9f6a393892364747c0eec497484a57604507ce.jpg
828-771-2339
inception-app-prod/ZjczNTUxMGUtNWMzOC00N2E0LWJkOTUtMTIyMDZhZTViY2E0/content/2021/08/FireflyRealtyKW4Cwide-NEW.png
inception-app-prod/ZjczNTUxMGUtNWMzOC00N2E0LWJkOTUtMTIyMDZhZTViY2E0/content/2021/08/FireflyRealtyKW4Cwide-NEW.png
inception-app-prod/ZjczNTUxMGUtNWMzOC00N2E0LWJkOTUtMTIyMDZhZTViY2E0/content/2025/09/6679e20e56d0251c2b0c38f78935008d77fd162a.jpg

Asheville Real Estate Market Update – Mid-September 2025

inception-app-prod/ZjczNTUxMGUtNWMzOC00N2E0LWJkOTUtMTIyMDZhZTViY2E0/content/2025/02/0d9f6a393892364747c0eec497484a57604507ce.jpg
Firefly Realty at Keller Williams ,

Asheville Real Estate Market Update – Mid-September 2025

Rates are easing, prices are mostly steady, and buyers are starting to show up again.

What’s Happening with Mortgage Rates

  • The average U.S. 30-year fixed mortgage rate has dropped to about 6.26% as of the week ending September 18, 2025. Reuters+3FRED+3Yahoo Finance+3

  • Freddie Mac, Mortgage News Daily, and other major sources confirm the downward move—this is among the lowest rates we've seen since late 2024. AP News+4Freddie Mac+4CBS News+4

  • Also worth noting: refinance applications are surging as homeowners with higher-rate mortgages try to lock in savings. Reuters+2Freddie Mac+2


What This Means for Buyers & Sellers Now

Buyers

  • More purchasing power. With rates slipping to ~6.26%, monthly payments are more manageable than the higher numbers from earlier in 2025. Acting now means locking in before any possible uptick.

  • More choices. Some price ranges—especially upper/mid-upper tiers—have more homes for sale, giving buyers more negotiating room and less “you have to grab immediately or it’s gone.”

  • Don’t assume huge price drops. Prices are steady; the market isn’t crashing. But expect more wiggle room depending on how clean/updated/ready the home is.

Sellers

  • Pricing needs to match reality. Homes that are priced aggressively or demand a lot of fixing up are staying listed longer. Match condition + price + marketing.

  • Staging, timing, visibility. Homes near desirable spots (amenities, event areas, with good curb appeal) will still stand out. Listing during local event seasons might help with foot traffic.

  • Consider seller concessions. Rate buy-downs, small upgrades, closing cost help: things that lower buyer friction continue to matter.

What To Keep An Eye On

  • If the Fed cuts more rates (as markets expect), mortgage rates might slip further. Could shift momentum more strongly toward buyers.

  • Watch for inventory changes, especially in lower-priced homes. Those tend to move faster and tighter supply still hurts buyers there.

  • Local costs (repairs, insurance, etc.) continue to impact net cost of ownership—don’t ignore those when considering what “affordable” really means.

Print Details