09/21/2026
There's a number that tells you more about the Highlands-Cashiers market right now than any headline: how long a well-priced home actually sits before it's under contract versus how long an overpriced one sits. Right now on the Plateau, those two numbers are pulling further apart than I've seen in a while, and that gap is the real story.
Inventory in Highlands and Cashiers has crept up slightly since spring, which sounds like it should soften pricing across the board. It hasn't. What's happening instead is a split market. Homes priced accurately for their condition, their view, and their proximity to town or a club are still moving in weeks, sometimes with multiple offers. Homes priced on hope…on what a similar house sold for two years ago, before rates and buyer expectations shifted and are sitting for months and quietly accumulating price reductions. I had a conversation with a seller's attorney last week who put it simply: "buyers in this price range aren't stretching anymore, they're comparing." That's the shift. Two or three years ago, a motivated buyer in the luxury mountain homes North Carolina market might overlook a dated kitchen or an awkward floor plan because inventory was so thin. Today's buyer has options, and they use them.
What's driving demand hasn't really changed. Second home Highlands Cashiers buyers are still coming primarily from Atlanta, Florida, and increasingly Texas and the West Coast, and they're still buying for the same reasons — elevation, climate, privacy, and a slower pace they can't get at sea level in July. What's changed is patience. Buyers are taking their time on due diligence, asking sharper questions about septic and well systems, road maintenance agreements, and HOA reserves than they did even a year ago. That's not a red flag for the market. It's actually a sign of a healthier one, buyers who do their homework tend to be buyers who close.
For anyone watching Highlands NC real estate or Cashiers NC real estate from the sidelines, the takeaway is this: don't judge the market by list prices alone. Judge it by what's actually closing, and at what percentage of ask. That's the conversation I have with every buyer and seller before we talk numbers, because the headline market and the real market on the Plateau right now are not quite the same thing.
If you're trying to make sense of where pricing actually stands on a specific street, club, or price point, I'm happy to pull the real numbers for you — not the averages, the specifics. What are you seeing out there, whether you're watching as a buyer, a seller, or just a curious neighbor?
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