The housing market in Ashville continues to see strong price appreciation, with values up 210.2% compared to last year. Home prices have increased 181.4% in the past month alone. With 5.0 months of supply, Ashville's inventory levels remain relatively tight. Properties are selling within just 16 days on average, much faster than the historical norm of 221 days. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ashville market with the affordability index at 1458.3. Based on current market indicators, home prices in Ashville are projected to decrease by approximately 30.0% over the next month.