August 2025 Market Update: Transylvania County Real Estate

August’s market report shows a strong month for pending and closed sales, steady inventory, and a notable spike in average home prices, though it’s essential to understand what’s behind the numbers.

📊 Key Market Highlights

• New Listings: 69 (down 1.4% YoY) – Slightly fewer homes came to market.

• Pending Sales: 60 (up 33%) – Strong buyer activity with more homes under contract.

• Closed Sales: 53 (up 12.8%) – A solid increase over last August.

• Median Sales Price: $525,000 (up 5.2%) – Reflects steady price appreciation.

• Average Sales Price: $1,065,791 (up nearly 48%) – This jump is largely due to several high-end home sales that pushed the average higher than normal.

• Inventory: 283 homes (up 53.8%) – Consistent with July, giving buyers more options.

• Months Supply: 7.1 – Keeping us in a balanced-to-buyer’s market.

• Days on Market: 64 days (up 78%) – Homes are taking just over two months to sell.

🔄 Comparing August to July 2025

• Closed Sales: Rose from 42 in July to 53 in August, showing good late-summer momentum.

• Median Price: Fell slightly from July’s $570K but remained well above June’s numbers, signaling stabilization.

• Average Price: Surged from $718K to $1.06M — again, due to a concentration of luxury closings.

• Inventory: Held steady, giving buyers consistent choice heading into fall.

💡 Key Insight: High-End Homes Driving Averages

While the average sales price jumped dramatically, this is not necessarily a reflection of broad market appreciation. Several million-dollar-plus sales in August elevated the average, while the median price of $525,000 gives a better picture of typical market conditions.

🏡 What This Means for Buyers & Sellers

Buyers: With inventory up more than 50% from last year and over seven months of supply, you have more negotiating power and time to find the right home.

Sellers: Homes are still selling — but they’re taking longer to go under contract. Pricing strategically, presenting your home well, and having a solid marketing plan are essential to stand out.

👋 Work with Local Experts

Navigating today’s market requires local knowledge and a clear strategy. Team Billy Harris, part of Howard Hanna | Beverly-Hanks Real Estate, is here to help you make confident decisions whether you’re buying or selling.

Here is Billy's thoughts on the August Market Report.

We don’t just sell Brevard — we live here.

📞 Call us at 828-553-9666