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)!