February 2020 Blount County Market Update

February 2020 Market Update

February 2020 Blount County Market Update

The Blount County Real Estate Market had a very strong February! The total number of homes sold was 15% higher than the same time period last year, and the average sales price was also higher compared to February of 2019.  This is the first time in recent months that every area of Blount County was a Seller’s Market (see page 4).

Inventory shortages in most price ranges below $300K continue to be an issue. Sellers in the $100K – $299K price range have a Strong Seller’s Market working in their favor. This 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 below $200K to sell within one to two weeks.

Thinking about buying or selling?  Call the Everbach Team today 865-888-HOME (4663)!

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