{"id":1543,"date":"2019-04-13T02:55:21","date_gmt":"2019-04-13T06:55:21","guid":{"rendered":"https:\/\/maryvillerealestate.com\/?p=1543"},"modified":"2019-04-13T02:56:04","modified_gmt":"2019-04-13T06:56:04","slug":"march-2019","status":"publish","type":"post","link":"https:\/\/maryvillerealestate.com\/march-2019\/","title":{"rendered":"March 2019 Market Update"},"content":{"rendered":"
<\/p>\n
The Blount County Real Estate Market had a fantastic March, with all key indicators showing green for the month (see Quick Facts).<\/p>\n
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.<\/p>\n
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.<\/p>\n
On the other hand, buyers are advised to act quickly when the right house comes along.<\/p>\n
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.<\/p>\n