Rainy weather may have market the Southern skylines this past week -- but the real estate market has continued on strong for the region.

In Asheville, North Carolina -- a city with a diverse economy, Realtor Sue Ellen Drake is reporting that in March the average days on market was 109 -- with an average selling price around $234,000. She says that Asheville has seen a strong market this winter -- and it will remain so during the Spring.

Moving south in the region, we go next to Pensacola, Florida, the westernmost city in the Florida Panhandle.

Realtor Milly Burleson reports that during March -- 350 homes were sold in Pensacola and the outlying areas. The average days on the market was 155 and the average sales price was $200,000, with homes selling for an average of 93.47 percent of the listed price.

Real estate expert Cindy Pilkerton of Chesapeake, Virginia, is reporting that the area is seeing one of the most stable markets in the country. If you are thinking of buying, she says, now is the perfect time. Rates are great, there are still a lot of terrific homes to choose from, and sellers are willing to negotiate.

That's all for the Southern Region this week. And as always -- you can check out YOUR local market conditions by going to Realty Times.com and selecting "View Local Market Conditions" on our frontpage.

Published: April 23, 2008

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