A recent market report published July 25 by Canopy MLS indicates that sellers across the region continue to receive most of asking price as indicated by the original list price to sales price measure, which dipped slightly to 94.2 percent in June. Seller confidence, as displayed by new listings, remained steady, rising 6.4 percent compared to June 2024 however buyers took more time to make purchasing decisions, as indicated by days on market rising 34.1 percent, from 41 days to 55 days on market this past June. Most notably, months of supply increased from 3.7 to 6.2 months—a 67.6 percent jump—firmly pushing the market into balanced territory, where neither buyers nor sellers hold a distinct advantage.
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.
Year-to-date figures further confirm a market in transition. At midyear 2025, inventory and new listings continued to grow—up 54 percent and 16.6 percent respectively—while demand appears to be moderating. Pending sales through mid-year were down 3.3 percent, and closed sales were off by 5.1 percent compared to the same period in 2024. Pricing during the first six months of the year has remained stable, with the year-to-date median sales price at $415,000.
Polk County’s housing market in June 2025 saw a notable increase in inventory and listing activity, with new listings up 35.9 percent and total inventory climbing 69.4 percent year-over-year. Closed sales rose 22.7 percent, though pending sales dipped slightly by 6.9 percent. The median sales price dropped 25.2 percent to $395,000, reflecting a shift in market mix or buyer preferences, while sellers received 92.7 percent of their original list price—down 2.7 percent from last year. Homes stayed on the market longer, averaging 62 days, a 47.6 percent increase. Months of supply jumped to 9.3, an 86 percent rise, positioning the market firmly in buyers’ territory for now.
Rutherford County’s housing market experienced mixed conditions in June 2025, with new listings down 11.6 percent and closed sales also declining 11.6 percent year-over-year. Pending sales ticked up slightly by 2.8 percent, while the median sales price rose 15.4 percent to $300,000. Sellers received 93.3 percent of their original asking price on average, a modest improvement from last year. Homes took longer to sell, with days on market increasing 48.6 percent to 52 days. Inventory expanded by 34.8 percent to 376 homes, and months of supply climbed to 6.8, indicating a more favorable environment for buyers as supply continues to build.
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Wes & Cathy Cleary of Team Cleary Real Estate, Inc. are experienced Realtors® who work full-time as a full-service real estate team serving NC/SC. Lake Lure homeowners since 2002. TeamClearyWNC@gmail.com; Wes 828-785-2115; 828-808-6790 Cathy; www.TeamCleary.com.
