5 best markets to buy a home

Looking to buy a home? In these cities, prices are attractive, there are plenty of homes to choose from -- and buyers have the upper hand, according to Realtor.com.

Asheville, N.C.

best buyers market asheville north carolina
  • Median listing price: $249,000
  • Days on market: 146

This small city tucked in the beautiful Blue Ridge Mountains regularly appears on Money's "Best Places" lists, including 2010's Best Places to Retire and as a 2009 reader's choice, and boasts a booming arts and music scene.

Homes are relatively cheap: Prices bottomed out in late 2011 and have inched up less than 5% since. And record low interest rates have made the city's housing even more affordable.

A typical home in the Asheville area sells for $249,000, and almost all listings are under $350,000, according to local real estate agent Jon Corbin. Currently, a four-bed, three-bathroom home in town is listed for $330,000.

Related: 10 great foreclosure deals

While the number of homes for sale has been on the decline -- falling 10.6% from a year ago -- Realtor.com expects inventory to grow as the season changes and sellers look to take advantage of the spring buying season.

Source: Realtor.com
Realtor.com bases its rankings on median listings prices, supplies of homes for sale and days to sell new listing. Housing markets include the entire metro areas.
- Last updated March 14 2013 02:11 PM ET
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