Fourth Quarter Overview

Fourth Quarter Overview

By Oby Morgan - Realtor with Christie's Ivestor Jackson Blackstream

Below, you will find market reports that we curate for folks looking to buy and sell property in Western North Carolina. Please let us know if you would like a more detailed report on one of these areas, or elsewhere in the region.


Fourth Quarter Overview


Low Inventory and Sustainable Demand

In a rapidly changing real estate landscape, we are seeing a number of external influences starting to take effect in the local housing market. Existing home inventory has slid to record lows during the 4th quarter of 2022, while demand has remained moderately high with inbound migration leading the way. Interest rates have continued to climb with little relief during the 4th quarter.

The Mid-Market (500K-999K) segment is most affected by these rate increases which has been revealed in sales numbers throughout the region. Cash buyers have continued purchasing luxury properties across the region in the 4th Quarter of 2022, with over half of all closed purchases being cash transactions.

Looking forward, 2023 should be a year in which our localized market sees stabilization into a more sustainable and normalized market moving forward.


  • Buncombe County

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • Biltmore Forest

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • North Asheville

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • City of Asheville

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • Down Asheville Condos

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showing to every 1 sale or a 10% chance that that showings will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • Arden

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • Fairview – Fletcher

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • Henderson County

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale, or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 


  • The Foothills

    Homes Sold in Q4 of 2022

    Showings in Q4 of 2022


    Showings to Sales Conversion Rates for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This tells us, from October to December of 2022, the average percentage chance that a showing will become a sale. For example, a 10% conversion rate means that there are 10 showings to every 1 sale, or a 10% chance that that showing will become the purchaser.


    Listing to Sales Price Ratio for Q4 of 2022*

    0

    Homes Priced $500K - $999K

    0

    Homes Priced $1M+

    *This is telling us, from October to December of 2022, the percentage of the original listing price that was actually paid for properties when all negotiation was completed and the transaction closed. 

These Market Reports are based on information from the Canopy MLS for the period(s) and area(s) as titled above those data sets.
We welcome feedback of any kind.


Your dream home is closer than you think

Save Search

Neighborhoods: Biltmore Forest | North Asheville | Biltmore Park | Fletcher/Fairview | Arden

Listings brought to you by

Oby Morgan

harley obolensky morgan – license #342367

2468 1066 Hearth Magazine
Start Typing