Biltmore Forest currently leans toward sellers, with the market gauge at 25, but buyers have more leverage than in a tight seller’s market. Months of supply has climbed to 7.5 in this rolling three-month view, a sharp increase of about 200 percent from a year ago. At the same time, typical home values are roughly flat year over year, edging down a bit despite recent month-to-month gains.
Inventory and listing activity have expanded notably. Active listings are up just over 20 percent compared with a year earlier, and new listings have surged by nearly 84 percent in this rolling period, giving buyers more options at the higher end of the market. Even with more homes available, sales are holding roughly steady, with homes sold up slightly year over year and pending sales also higher than last year.
Pricing dynamics show some give-and-take between buyers and sellers. The median list price has eased a bit compared with a year ago, and homes are now selling for about 95.8 percent of list on average, while only around 11 percent close above asking. Homes are moving more quickly than last year, with median days on market dropping sharply in this rolling three-month window, which helps motivated sellers. Whether you are buying and seeking value or selling and aiming to position your home well, Agent Pronto can connect you with an experienced local agent to guide your decisions.
