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.
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.
From Los Altos, Calif. to Brooklyn, N.Y., these 20 cities had the highest number of home sales exceeding $1 million during the 12 months ended June 30, 2013.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.48%||4.38%|
|15 yr fixed||3.49%||3.42%|
|30 yr refi||4.47%||4.37%|
|15 yr refi||3.48%||3.41%|
Today's featured rates: