Blount County Market Updates

Provided by Jason Everbach and Vicki Everbach

Get the latest Blount County Market Updates!  MaryvilleRealEstate.com is the #1 place to learn about the Maryville and Blount County real estate market.

The most common question Jason and Vicki are asked is “How’s the market doing?”  A simple question, but the answer generally depends on two main factors: location and price range.

As a result, we show our monthly Blount County Market Updates report in two different ways.  The first breaks out the Blount County real estate market by price range.  The second breaks down the month’s activity by city or geographic location.

We believe that looking at the market through these two lenses (location and price range) is the best way to represent what’s really going on.

You can download the latest Blount County market update PDF report below!  Past reports are available for download as well.

Please don’t hesitate to contact us if you have questions or would like help buying or selling a home!

February 2019 Market Update

February 2019 Blount County Market Update

The Blount County Real Estate Market snapped back to life after a cold winter. The February sales increase we were anticipating did happen (see Quick Facts), and the Everbach Team is predicting a strong Spring selling season. Inventory shortages in the $300K and below price ranges remain the biggest obstacle; there simply aren’t enough homes to satisfy demand.

As such, owners and sellers in the $100K – $299K price range have Seller’s Markets working in their favor. The ongoing inventory shortage in these price ranges is causing fierce competition for properly priced homes, making now a GREAT time to sell. On the other hand, buyers are advised to act quickly when the right house comes along.

Unfortunately the luxury market experienced another weak month of sales activity. Luxury sellers need to be realistic about proper pricing and are not advised to try selling at “wait and see” prices.

Click Here to Download the Free PDF Report!

January 2019 Market Update

January 2019 Market Update

The Blount County and Maryville Real Estate Market ventured further into a Normal Seller’s Market despite inventory shortages in many price ranges. Although the number of sales were significantly reduced compared to last month (see Quick Facts), we remain positive about the overall health of the market. Why? Because historical data confirms that slowdowns are normal for this time of the year.

Owners and sellers in the $100K – $399K price range still have Seller’s Markets working in their favor; this should be taken advantage of if you need to sell. The ongoing inventory shortage in the price ranges below $400K is causing fierce competition for properly priced homes. Buyers need to act quickly when they find the right house.

Unfortunately the luxury market experienced weak sales activity in January. Although this is normal for this time of year, luxury sellers need to be realistic about proper pricing and are not advised to try selling at “wait and see” prices.

Click Here to Download the Free PDF Report!

December 2018 Market Update

December 2018 Market Update

The Blount County Real Estate Market transitioned into a normal seller’s market despite inventory shortages in many price ranges.  Although all major indicators are red this month (see Quick Facts page in FREE PDF report), we remain positive about the overall health of the market. Why? Because this is completely normal based on historical data for this time of year! In fact, this is almost exactly what happened in 2017.

Owners and sellers in the $100K – $399K price range have a strong seller’s market working in their favor; this should be taken advantage of if selling is a priority. The ongoing inventory shortage in the price ranges below $400K is causing fierce competition for properly priced homes. Buyers need to act quickly when they find the right house.

Unfortunately the luxury market experienced weak sales activity in December. Although this is normal for this time of year, luxury sellers need to be realistic about proper pricing and are not advised to try selling at “wait and see” prices.

Click Here to Download the Free PDF Report!

November 2018 Market Update

November 2018

Most of the Blount County Real Estate Market continues to be a strong seller’s market due to inventory shortages in many price ranges. The average sales price dipped slightly in November compared to last month, but was still well within historical norms for this time of year. The Average Days On Market (DOM) dropped significantly which tells us that buyer demand and market momentum are strong.

Owners and sellers in the $100K – $300K price range have a strong seller’s market working in their favor; this should be taken advantage of if selling is a priority. The ongoing inventory shortage in the $400K and below price ranges is causing fierce competition for properly priced homes. Buyers need to act quickly when they find the right house.

One segment of the luxury market experienced strong sales, while other luxury price ranges still have an excess of supply. Luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!

October 2018 Market Update

October 2018 Market Update

The majority of the Blount County Real Estate market continues to be a strong seller’s market! Prices are going up: the average sales price jumped almost $30K to $259,876. However, the Average Days on Market (DOM) spiked to 70 days. This is a large increase in DOM so we will be watching this number closely in the coming months.

Owners and sellers in the $100K – $300K price range have a strong seller’s market working in their favor; this should be taken advantage of if selling is a priority. The ongoing inventory shortage in the $400K and below price ranges is causing fierce competition for properly priced homes. Buyers need to act quickly when they find the right house.

Several segments of the luxury market experienced strong sales (yay!) that helped bring some inventory levels back into balance. Other luxury price ranges still have an excess of supply, so luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!

September 2018 Blount County Market Update

September 2018 Blount County Market Update

The September 2018 Blount County Market Update is now available!  September was another excellent month for most of the Blount County Real Estate Market.

The majority of the market continues to be a strong seller’s market.  However, an ongoing inventory shortage contributed to fewer homes being sold compared to last month. Overall the average sales price went down by an insignificant amount, and the average Days on Market (DOM) increased slightly.

Owners and sellers in the $100K – $300K price range have a strong seller’s market working in their favor; this should be taken advantage of if selling is a priority. The ongoing inventory shortage in the $300K and below price ranges is causing fierce competition for properly priced homes. Buyers need to act quickly when they find the right house.

The opposite can be said of the luxury market, which is still suffering from an excess of supply in all but one price range ($700K – $899K). This is great news for luxury buyers, however luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!

August 2018 Blount County Market Update

August 2018 Blount County Market Update
The August 2018 Blount County Market Update is now available!  August was another excellent month for the Blount County Real Estate Market.

Homes located is high-demand price ranges are selling even faster, and the average Days-on-Market (DOM) dropped to just 43 days.  Last month the average DOM was 48 days, which is a drastic drop from the 60 DOM average from back in May!

There continues to be lots of pent-up buyer demand, and inventory shortages continue to be an issue in most price ranges under $400K.  In fact, properly priced homes below $250K are frequently sold within days of hitting the market.  As such, it is very important  that buyers act quickly when the right house comes along.

Owners and sellers in the $100K – $400K price range have a strong seller’s market at their disposal; this should be taken advantage of if selling is a priority.

The opposite can be said of the luxury market, which is still suffering from an excess of supply in all but one price range ($900K – $999K). This is great news for luxury buyers, however luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!

July 2018 Blount County Market Update

July 2018 Blount County Market Update

The July 2018 Blount County Market Update is now available!  July was another excellent month for the Blount County Real Estate Market.

Homes located is high-demand price ranges are selling faster, however the average Days-on-Market (DOM) crept back up slightly to 48 days.  Last month the average DOM was 40 days, which was a drastic drop from 60 DOM in May!  Therefore, it is completely natural for this number to be rising slightly.  We want a sustainable market!

There continues to be a lot of pent-up buyer demand, and inventory shortages are definitely an issue in most price ranges under $500K.  Properly priced homes below $250K are frequently sold within days of hitting the market.  As such, it is very important  that buyers act quickly when the right house comes along.

Owners and sellers in the $100K – $400K price range have a strong seller’s market at their disposal; this should be taken advantage of if selling is a priority.

The opposite can be said of the luxury market, which is still suffering from an excess of supply. This is great news for luxury buyers, however luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!

June 2018 Blount County Market Update

June 2018 Blount County Market Update Report

The June 2018 Blount County Market Update is now available!  June was another excellent month for the Blount County Real Estate Market.

Homes located is high-demand price ranges are selling faster, with the average Days-on-Market (DOM) falling to 40 days in June.  Last month the average DOM was 60 days!  This type of acceleration is unsustainable over the long-term, so it will be interesting to see what next month’s numbers reflect.

There continues to be lots of pent-up buyer demand, and inventory shortages are definitely an issue in many price ranges.  Properly priced homes below $175K are frequently sold within days of hitting the market, which partly accounts for the reduction in days-on-market.  Buyers need to act quickly when the right house comes along.

Owners and sellers in the $100K – $300K price range have a strong seller’s market at their disposal; this should be taken advantage of if selling is a priority.

The opposite can be said of the luxury market, which is still suffering from an excess of supply. This is great news for luxury buyers, however luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!

May 2018 Blount County Market Update

May 2018 Blount County Market Update

The May 2018 Blount County Market Update is now available!  May was another excellent month for the Blount County Real Estate Market.  There is LOTS of pent-up buyer demand, and inventory shortages continue to be an issue in many price ranges.

Owners and sellers in the $100K – $300K price range have a strong seller’s market at their disposal; this should be taken advantage of if selling is a priority. The ongoing inventory shortage in the $300K and below price ranges is causing fierce competition for properly priced homes. Buyers need to act quickly when the right house comes along.

The opposite can be said of the luxury market, which is still suffering from an excess of supply. This is great news for luxury buyers, however luxury sellers need to be realistic about proper pricing and selecting the right agent.

Click Here to Download the Free PDF Report!