September 17, 2025

Contact: Kim Walker, 704-940-3149

ASHEVILLE, N.C. — Home sales across the 13 counties where Canopy MLS trends data showed signs of stability in July, as the market continues to transition from a sellers’ market to a more balanced market. Closed sales in July were nearly on par with sales in July 2024, down less than a percent (-0.2%), with 914 homes sold during the month compared to 916 sold last year. Closed sales compared to June, increased 4.7 percent as buyers took advantage of mortgage rates that dipped as low as 6.5 percent during late June. Data in this report is sourced from Canopy MLS and includes single-family homes, condos, and townhome sales only for 13 counties in western North Carolina, which include: Buncombe, Burke, Haywood, Henderson, Jackson, Madison, McDowell. Mitchell, Polk, Rutherford, Swain, Transylvania, and Yancey Counties.

New listings reflected seller confidence, as nearly 1,500 homes were brought to market during the month, a significant boost to July’s inventory, which increased 56.1 percent year-over-year to 4,925 homes for sale at report time (Aug. 5, 2025). As a result, supply increased 68.4 percent to 6.4 months of supply, compared to 3.8 months of supply last July.

The dip in rates brought more buyers to the market, and pushed pending sales higher, 9.4 percent compared to last July, as a little more than 1,000 homes went under contract during the month. Contract activity compared to June, increased 4.3 percent, a strong indicator of future sales.

Prices across the region were relatively stable, with both the median sales price ($431,500) and the average sales price ($541,474) inching up 2.7 and 2.3 percent year-over-year, respectively. The average list price increased 4.9 percent to $653,228, bringing the original list price to sales price ratio for the month down 2.3 percent compared to last year to 93.1 percent, while days on market showed homes averaged 58 days on market until sale.

The Asheville MSA

Sales across the Asheville MSA (Buncombe, Haywood, Henderson, and Madison Counties) experienced similar conditions: a market transitioning towards greater balance and now favoring neither sellers nor buyers.  Closed sales increased across the MSA, rising 3.8 percent compared to last year, as nearly 600 homes sold compared to 574 that sold a year ago in July.  Month-over-month closings were up 6 percent.  Contract activity or buyer demand rose by 9.7 percent to 658 homes under contract during the month. Contract activity compared to June was up 6.3 percent. With pending contracts a good gauge of buyer demand and future sales activity, the MSA could see sales rise again in the next couple of months. New listing activity rose 13,7 percent year-over-year, meeting that demand, with some 962 listings added to inventory.  Inventory rose 63.2 percent year-over-year to 3,100 homes for sale at report time.  Likewise, months of supply increased 77.1 percent to 6.2 months of supply, up from 3.5 months last July. Prices increased modestly last month in response to demand, with the median sales price ($465,000) rising 3.5 percent year-over-year and the average sales price up 1.7 percent to $588,659. Metro-Asheville’s average list price increased 6.8 percent to $681,612, bringing the original list price to sales price measure down 3.2 percent to 93.5 percent of asking. Days on market rose 47.4 percent year-over-year, revealing homes averaged 56 days on market until sale in July. 

County Summaries See data for July 2025

In July 2025, Buncombe County’s housing market continued to shift toward balance as inventory expanded significantly. New listings jumped 25.7 percent year-over-year to 499 homes, driving months of supply up sharply from 3.1 to 6.4 months. Overall inventory rose more than 80 percent, signaling a cooling market that gives buyers more leverage in negotiations. Closed sales increased 9.6 percent compared to last year, while the median sales price climbed 7.5 percent to $515,000, suggesting steady demand despite rising supply. Sellers, however, received less of their asking price, as the original list price to sales price ratio slipped to 93.8 percent, and homes took longer to sell, with days on market rising from 37 to 48 days in July.

In July 2025, Haywood County’s housing market showed strong buyer activity alongside growing inventory. New listings increased 13.8 percent year-over-year to 157 homes, while pending sales surged 46.5 percent and closed sales rose 18.4 percent to 103 transactions. Despite the uptick in sales, home prices softened, with the median sales price falling 7.3 percent to $380,000 and the average sales price down 6.7 percent to $473,771. Inventory rose nearly 48 percent compared to last year, pushing months of supply from 4.3 to 6.2 months, which points to a market moving toward balance. Properties also lingered longer, as days on market jumped from 48 to 73 days, and sellers received slightly less of their asking price, with the original list-to-sales price ratio slipping to 92.8 percent. 

In July 2025, Henderson County’s housing market reflected softer sales activity alongside continued price growth. New listings edged down 1.5 percent year-over-year to 264 homes, while pending sales slipped 7.0 percent and closed sales declined nearly 10 percent to 154 transactions. Despite fewer sales, prices moved higher, with the median sales price rising 4.5 percent to $465,245 and the average sales price up 9.3 percent to $548,174. Inventory expanded 45.4 percent compared to last year, lifting months of supply from 3.7 to 5.4 months and giving buyers more options. Homes also took longer to sell, with days on market climbing from 38 to 59 days, while sellers received less of their asking price, as the original list-to-sales price ratio fell to 93.4 percent.

In July 2025, Madison County’s housing market reflected rising inventory and longer selling times amid weaker sales activity. New listings were relatively stable, dipping 2.3 percent year-over-year to 42 homes, while pending sales rose slightly by 9.5 percent. Closed sales, however, declined sharply, down 21.7 percent to just 18 transactions. Prices moved higher, with the median sales price increasing 5.4 percent to $400,500 and the average sales price jumping 10.4 percent to $477,033. Inventory climbed nearly 58 percent compared to last year, pushing months of supply from 4.4 to 9.4 months, more than doubling year-over-year and signaling a significant shift toward a buyer’s market. Homes also spent much longer on the market, with days on market rising from 28 to 64 days, and sellers received less of their asking price, as the original list-to-sales price ratio slipped to 92.7 percent

Other counties around the region

In July 2025, Burke County’s housing market showed modest sales growth supported by rising prices and a gradual increase in supply. New listings rose 10.8 percent year-over-year to 103 homes, while closed sales inched up 2.6 percent to 80 transactions, even as pending sales slipped 10.5 percent. Prices strengthened, with the median sales price increasing 5.8 percent to $275,000 and the average sales price surging nearly 32 percent to $364,104. Inventory expanded 19.5 percent compared to last year, bringing months of supply up from 3.1 to 3.7 months, which gives buyers slightly more options. Homes sold at a faster pace than last year, with days on market dipping from 50 to 49 days, while sellers benefited from stronger returns, as the original list-to-sales price ratio improved to 93.5 percent.

Jackson County’s housing market in July 2025, reflected a mix of rising prices and growing inventory, even as sales activity softened. New listings surged 59.4 percent year-over-year to 51 homes, while pending sales increased 26.9 percent. Closed sales, however, fell 17.9 percent to 23 transactions, pointing to some slowdown in completed deals. The median sales price rose sharply, up 20.8 percent to $459,000, while the average sales price remained stable at $700,135. Inventory climbed nearly 46 percent compared to last year, pushing months of supply from 5.0 to 7.9 months, signaling a clear tilt toward a buyer’s market. Homes also took much longer to sell, with days on market increasing dramatically from 36 to 95 days, while sellers received slightly less of their asking price, as the original list-to-sales price ratio dipped to 93.3 percent. 

In July 2025, McDowell County’s housing market posted stronger sales activity alongside notable shifts in pricing and supply. New listings rose 16.4 percent year-over-year to 64 homes, while pending sales jumped 37.1 percent and closed sales increased 21.9 percent to 39 transactions. Despite more activity, home prices moved lower, with the median sales price declining 15.2 percent to $265,000 and the average sales price falling 23.1 percent to $327,472. Inventory surged nearly 52 percent compared to last year, raising months of supply from 4.1 to 6.5 months, a clear sign of improving options for buyers. Homes also sold more quickly, as days on market dropped from 73 to 43 days, though sellers yielded slightly less leverage, with the original list-to-sales price ratio dipping to 90.6 percent. 

(Due to smaller sample sizes in counties where there is a smaller pool of listings, percentage increases or decreases may seem extreme.)

Mitchell County’s housing market in July 2025, reflected rising supply and mixed price trends amid softer sales activity. New listings inched up 5.3 percent year-over-year to 20 homes, while pending sales jumped 54.5 percent, signaling stronger buyer interest. Closed sales, however, fell 21.4 percent to just 11 transactions. The median sales price rose 6.2 percent to $300,000, but the average sales price declined nearly 12 percent to $293,727, showing variability in price points. Inventory increased 30 percent compared to last year, boosting months of supply from 6.6 to 9.8 months and shifting conditions further in buyers’ favor. Homes sold faster than last year, with days on market dropping from 66 to 52 days, though sellers conceded slightly more, as the original list-to-sales price ratio slipped to 89.3 percent. 

(Due to smaller sample sizes in counties where there is a smaller pool of listings, percentage increases or decreases may seem extreme)
Polk County’s housing market in July 2025, reflected growing supply and softer pricing alongside steady sales. New listings rose 31.3 percent year-over-year to 42 homes, while pending sales slipped 11.4 percent and closed sales held flat at 23 transactions. Prices declined sharply, with the median sales price down 23.4 percent to $490,000 and the average sales price falling 21.1 percent to $574,059. Inventory nearly doubled compared to last year, up 88.1 percent, pushing months of supply from 4.5 to 9.6 months, signaling a strong tilt toward a buyer’s market. Homes also took longer to sell, with days on market climbing from 30 to 48 days, while sellers received slightly less of their asking price, as the original list-to-sales price ratio dipped to 92.1 percent.

In July 2025, Rutherford County’s housing market showed rising supply and longer selling times despite modest listing growth. New listings increased 2.9 percent year-over-year to 106 homes, while pending sales rose 4.5 percent. Closed sales, however, declined 8.3 percent to 66 transactions. Prices strengthened, with the median sales price up 14.0 percent to $291,750 and the average sales price rising 17.9 percent to $375,512. Inventory climbed nearly 39 percent compared to last year, pushing months of supply from 4.5 to 7.2 months, giving buyers more negotiating room. Homes also took much longer to sell, with days on market surging from 31 to 79 days, and sellers received less of their asking price, as the original list-to-sales price ratio slipped to 90.3 percent. 

In July 2025, Transylvania County’s housing market reflected softer sales activity amid rising prices and expanding supply. New listings increased 16.2 percent year-over-year to 86 homes, yet pending sales slipped 5.8 percent and closed sales dropped 30 percent to 42 transactions. Prices, however, trended higher, with the median sales price up 6.5 percent to $570,000 and the average sales price climbing 8.0 percent to $718,796. Inventory rose nearly 58 percent compared to last year, lifting months of supply from 4.1 to 7.2 months, offering buyers significantly more choices. Homes also took longer to sell, with days on market stretching from 50 to 81 days, while sellers received slightly less of their asking price, as the original list-to-sales price ratio edged down to 93.3 percent.

For more residential-housing market statistics, visit www.CarolinaHome.com and click on “Market Data.” For an interview with a Realtor®/broker representing the Canopy MLS service area in the western/mountain region of North Carolina, please contact Kim Walker.

Canopy MLS is a wholly-owned subsidiary corporation of Canopy Realtor® Association and is the private broker cooperative used by Realtors® to bring buyers and sellers together with access to thousands of residential listings in a multicounty service area, including Charlotte, Asheville and Catawba Valley regions spanning across North Carolina, South Carolina and outside of the Carolinas. Canopy MLS, which has 21,000 subscribers, provides the most trustworthy, timely, accurate and complete property data along with proprietary tools for showings, market stats, predictive analytics, and more. Canopy MLS is used by its members to support consumers in their residential real estate transactions, whether selling, buying, investing or renting.