The Blount County Real Estate Market had a very strong August!
Although all key indicators turned red this month (see Quick Facts in FREE PDF Download), the numbers only went down slightly compared to July, which was also a great month. The average Days On Market (DOM) increased slightly, the average sales price went down less than $10K, and the total number of homes went down by 1.
Inventory shortages in the $400K and below price ranges continue to be an issue. This means sellers in the $100K – $399K price range still have a Strong Seller’s Market working in their favor. The inventory shortage in these price ranges is causing fierce competition for properly priced homes, making now the PERFECT time to sell. Buyers are advised to act quickly when the right house comes along.
It is not uncommon for properly priced homes in the $200K and below price ranges to sell within 1 week due to extreme buyer demand in these price ranges.
Thinking about buying or selling? Call the Everbach Team today 865-888-HOME (4663)!