The price point with the highest number of properties on the market, and lowest number of sales, was the $800,000 to $900,000 range. Seventy-one percent of all residential properties sold in Buncombe County were priced under $300,000, with the $75,000 to $150,000 price range seeing the largest percentage of sales and the least amount of available inventory.

While a slight increase can be observed in the number of active listings, the Buncombe County market is still far from a balanced market of supply and demand. Until the market achieves more balance it will continue to be a buyer’s market, and that makes 2011 a great time to purchase property in Buncombe County.