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!

July 2019 Market Update

The Blount County Real Estate Market had a very strong July!

It was green across the board: the average Days On Market (DOM) decreased sharply, the average sales price went up (see Quick Facts in PDF Report), and there was an increase 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. 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)!

Click Here to Download the Free PDF Report!

June 2019 Market Update

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)!

Click Here to Download the Free PDF Report!

May 2019 Market Update

May 2019 Blount County Market Update

The Blount County Real Estate Market had a strong May. While the average Days On Market (DOM) was unchanged, the total number of home sales went up, and the average sales price dipped slightly (see Quick Facts).

Inventory shortages in the $400K and below price ranges continue to be an issue for many buyers.

As such, owners and sellers in the $100K – $399K price range 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.

On the other hand, buyers are advised to act quickly when the right house comes along. We are not seeing any indication 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)!

Click Here to Download the Free PDF Report!

April 2019 Market Update

March 2019 Maryville & Blount County Real Estate Market Update

The Blount County Real Estate Market had a fantastic April, with 2 of the 3 key indicators improving for the month (see Quick Facts in PDF download using link below).

Inventory shortages in the $400K and below price ranges continue to be an issue; there simply aren’t enough homes to satisfy demand. As such, owners and sellers in the $100K – $399K price range 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.

On the other hand, buyers are advised to act quickly when the right house comes along. We are not seeing any indication that the inventory shortage will correct itself anytime soon.

In fact, it is not uncommon for properly priced homes in the $300K and below price ranges to sell within 1 day due to extreme buyer demand in these price ranges.

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

Click Here to Download the Free PDF Report!

March 2019 Market Update

March 2019 Maryville & Blount County Real Estate Market Update

The Blount County Real Estate Market had a fantastic March, with all key indicators showing green for the month (see Quick Facts).

The surge of Total Homes Sold is exactly what we expected to see based on historical data. Inventory shortages in the $300K and below price ranges continue to be an issue since there simply aren’t enough homes to satisfy demand.

As such, owners and sellers in the $100K – $299K price range 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.

On the other hand, buyers are advised to act quickly when the right house comes along.

The other great news we have to report is the spike in sales that occurred in the $500K – $699K price range. Hopefully other segments of the luxury market will pick up soon. In the meantime demand remains low, so proper pricing is key.

Click Here to Download the Free PDF Report!

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!