“Yes, (home prices) are out of reach for a lot of people, but true demand and low inventory are causing prices to be high.” Within the city of Asheville, the competition to buy the limited number of available houses has caused the price range that is a sellers market to balloon, Figura said.

Is Asheville NC good for retirees?

For the second time in 2020, a national magazine has ranked Asheville as among the best places to retire in the nation. 23, noted that Asheville, with a population of about 94,000, has a 50-plus population of 35.8%.

Why are home prices going up?

“The state and local governments are pushing up house prices for first home buyers because they are not approving enough stock.” National dwelling prices climbed 10.6 per cent over the past year and price increases were particularly strong in the last few months, according to property data firm CoreLogic.