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.
