The Blount County Real Estate Market had a strong May despite several key market indicators turning red (see quick facts). The total number of homes sold was down compared to last month, but this is likely due to the ongoing inventory shortage.
Inventory shortages in most price ranges below $400K 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 to two weeks.
Thinking about buying or selling? Call the Everbach Team today 865-888-HOME (4663)!
