About the Asheville market 

All real estate markets are unique, and this one is no exception. While California and New York have been the topics of media doom-and-gloom, Asheville found itself among the "Top Ten Markets for Appreciation" in a December feature of USA Today.

Overall, the average sales price of a home in Asheville was $277,636 in 2007, an increase of about $45,000 per home over 2006. Still, monthly sales in 2007 were down slightly compared to the same months in 2006, and monthly price declines finally arrived in November.

If you are a first-time homebuyer, 2008 will be a golden opportunity to purchase a home in Asheville. Interest rates are low, inventory is high, and asking prices are not as firm as they have been for the past five years.

If you need to sell your home, fear not. While prices have fallen in some neighborhoods, they have remained stable in some and continued to rise in others.

The market value of your home is determined by a number of factors, including the selling price of other homes in your area. To see what some houses in your area have sold for recently, enter your address in the space provided: