The Blount County Real Estate Market remained strong in January, despite the seasonal slowdown and all key indicators (see Quick Facts) turning red for the month. This is because the total number of homes sold was almost 20% higher than it was for January of 2019. The average sales price was also higher compared to January of last year.
Inventory shortages in most price ranges below $400K 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 week.
Thinking about buying or selling? Call the Everbach Team today 865-888-HOME (4663)!