Bucking The Real Estate Trend-Waynesville and Maggie Valley Real Estate
Susie Blackmon
P: 828-550-3767
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Waynesville (Haywood County), NC – Residential Real Estate Sales – March 2008.
Waynesville, NC recorded 20 residential real estate sales in March 2008 as of 03/31, and the numbers reflect higher average listing prices and higher average selling prices than recorded in February 2008, but slightly lower than January 2008 prices. The number of homes on the market in Waynesville as of March 31 is 494.
Absorption Rate
Selling 20 homes per month with 494 on the market as of 03/31 equates to an absorption rate (i.e., inventory) of approximately 24 months – - which also means Buyers have many choices. Averaging out our sales-to-inventory over the first quarter of 2008 on an annual basis also gives us an absorption rate of 24 months based on what is normally our ‘quietest’ season. A more rapid decrease in inventory should be evident during the second quarter. There are many opportunities to find a great buy on a home in beautiful Waynesville!
Source: MLS. Data deemed reliable but, not guaranteed.
See the Waynesville, NC Homes on Market by Price Range as of 03/22/08.
See other Waynesville, NC Real Estate Information.
Search the Haywood County, NC MLS.
