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!

December 2019 Market Update

The Blount County Real Estate Market was very strong in December. Despite the seasonal slowdown, the average sales price actually increased!

It is important to note that while the total number of homes sold was about the same as in December of 2018, the average days on market was significantly less. Also, inventory shortages in most prices ranges below $500K 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)!

Click Here to Download the Free PDF Report!

November 2019 Market Update

November 2019 Blount County Market Update

 

The Blount County Real Estate Market had a great November! The average Days On Market (DOM) decreased slightly, while the average sales price and the total number of homes sold both went down (see Quick Facts). These numbers are very similar to last year’s data.

Inventory shortages in the $400K and below price ranges continue to be an issue. This means 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 below $200K to sell within one week.

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

Click Here to Download the Free PDF Report!

October 2019 Market Update

October 2019 Blount County Real Estate Market Update

The Blount County Real Estate Market had a great October! Although the average Days On Market (DOM) increased slightly, the average sales price and the total number of homes sold both went up (see Quick Facts in Free PDF Download below).

Maryville and Alcoa both had strong sales which is important because these two cities makeup over 50% of the overall Blount County real estate market.

Inventory shortages in the $400K and below price ranges continue to be an issue. This means 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 priced below $200K to sell within one week.

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

Click Here to Download the Free PDF Report!

September 2019 Market Update

September 2019 Blount County Maryville Real Estate Market Update

The Blount County Real Estate Market had a strong September!

Sales in key price ranges propelled the market, but there are also signs of the annual slowdown beginning to show, as all key indicators remained red this month (see Quick Facts). The average Days On Market (DOM) increased slightly, the average sales price dropped slightly, and the total number of homes sold went down by over 10%. All within historical norms.

Inventory shortages in the $400K and below price ranges continue to be an issue. This means 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.

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

Click Here to Download the Free PDF Report!

August 2019 Market Update

August 2019 Blount County Maryville Real Estate Market Update

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

Although all key indicators turned red this month (see Quick Facts in FREE PDF Download), the numbers only went down slightly compared to July, which was also a great month. The average Days On Market (DOM) increased slightly, the average sales price went down less than $10K, and the total number of homes went down by 1.

Inventory shortages in the $400K and below price ranges continue to be an issue. This means 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!

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!