Asheville ranks 49th of the 292 Metropolitan Statistical Areas in percent change of house prices according to the Federal Housing Finance Agency report released today. Asheville had a +.58% change for the final quarter 2008, +1.31% change for 2008, and +46.49% change over the last 5 years. To see the full report click Federal Housing Finance Agency report.
Excerpt from the report:
RECORD HOME PRICE DECLINES IN FOURTH QUARTER; ISOLATED POCKETS OF STRENGTH
WASHINGTON, DC – U.S. home prices posted record declines in the fourth quarter of 2008 according to the Federal Housing Finance Agency’s House Price Index (HPI). The FHFA seasonally-adjusted purchase-only house price index, based on data from home sales, was 3.4 percent lower on a seasonally-adjusted basis in the fourth quarter than in the third quarter. This decline was greater than the 2.0 percent decline in the third quarter and the largest in the purchase-only index’s 18-year history. Over the past year, seasonally-adjusted prices fell 8.2 percent from the fourth quarter of 2007 to the fourth quarter of 2008.
For more sales data on the Asheville Real Estate Market click Asheville Home Sales Data.
For information on Staging Homes in Asheville go to StagedHomesofAsheville.
Tuesday, February 24, 2009
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