Biltmore Condos Market Overview
Biltmore Condos Market Highlights
As of May 5, 2025, the condo/townhome/patio home market in Biltmore showcases a blend of fluctuations that reflect current demand and market activity.
- Over the past month, active listings have grown to 98, increasing from 81 three months ago, suggesting heightened availability for buyers.
- The average sold price currently stands at $728,250, which is a decline from $786,922 three months ago.
- Days on Market (DOM) have also seen a significant uptick, now averaging 102 days compared to 129 days previously.
- Meanwhile, months of inventory remain at 6.8, showing a mild easing in supply relative to demand.
Curious how the Biltmore Condos market has changed over time?
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Biltmore Condos Market Report
An In-Depth Look at the Biltmore Condos Market
The current state of the condo/townhome/patio home market in Biltmore, as of May 5, 2025, reveals noteworthy trends that impact both buyers and sellers.
Currently, the number of active listings has risen over the past month to 98, a notable increase from 81 just three months ago. This uptick in active inventory may be indicative of sellers responding to a dynamic market environment, providing buyers with more options for selection. In contrast, the average sold price has seen a decline to $728,250 compared to $786,922 three months prior, reflecting possible adjustments in buyer expectations and price negotiations in the current market landscape.
Days on Market (DOM) for sold properties average 102 days, which has improved from 129 days previously. This trend suggests that while properties are available for a longer period before being sold, recent market adjustments may prompt quicker sales in the near future as seller flexibility increases. The months of inventory is currently at 6.8, which indicates that supply has loosened slightly. This level suggests balanced market dynamics, favoring neither buyers nor sellers excessively but creating opportunities for negotiation on both sides.
In summary, the Biltmore condo/townhome market is navigating a phase of increased inventory, stable demand, and moderate price adjustments. These factors highlight potential opportunities for buyers to find desirable properties while still expecting reasonable negotiations on price. Sellers may need to adapt by considering strategic pricing and promotional tactics to ensure homes sell within a timely manner, particularly as DOM trends indicate a more competitive landscape.
Brian Adamski, Realtor
100s of Happy Buyers and Sellers Served | Professional 5-Star Service
480-405-1265
