Great News for Asheville Home Sellers!

Asheville high inventories of homes for sale have dropped some, but in a recent analysis of metro areas, inventories were found to be shrinking sharply during the second quarter but wait the main reason is the lack of bank owned properties as lenders are taking their time to fill out the paper work right this time.

On a National level 2.34 million homes were listed for sale on the multiple-listing service by the end of June, the lowest level for that time of year since at least 2007. In some areas inventory levels even reached their lowest levels since the housing crisis began five years ago.

With the drop in inventories can often signal more demand and ultimately a boost to home prices but because of the low employment, lack of bank owned properties coming on the market and lenders still holding buyers to strict credit guide lines will keep Asheville Real Estate in check.

However I believe Asheville Homes will start seeing a very healthy increase in home sales in 2012, with the lack of new construction and drop in inventor Sellers can feel comfortable the prices will start edging up. Because of the lack of new homes we should see a home shortage starting n 2012 or 2013.

So Buyers this is the time!