The Blount County Real Estate Market had a very strong June!
The average Days On Market (DOM) decreased sharply, the average sales price increased slightly (see Quick Facts), yet there was a slight decrease in the total number of homes sold.
Inventory shortages in the $400K and below price ranges continue to be an issue. As such, owners and 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.
We are not seeing any indications that the inventory shortage will correct itself anytime soon.
In fact, 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)!