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)!