Bucking The Real Estate Trend-Waynesville and Maggie Valley Real Estate

Waynesville, NC – Market Report – 08/31/08.

Waynesville, NC  residential real estate sales for August totaled 29 (as of 08/31/08), and the average number of days it took to sell the 29 homes was 154. The most expensive home sold in August in Waynesville sold for $440,000; the least expensive home sold for $45,000. The number of homes on the market in Waynesville as of this morning (Aug 5) is 579.

When you have an Average Selling Price for August of $200,767, and the Average Listing Price of Waynesville’s active listings as of today’s date of $411,457, it is apparent there are STILL overpriced homes on the market, emphasized when looking at the average days on market for the active listings of 197.

Source: MLS. Data deemed reliable but, not guaranteed.

Absorption Rate.

The absorption rate for Waynesville’s inventory at the August rate of sales is 20.1 months.  A normal/good absorption rate would be to have a 6-month inventory/absorption rate.

There are many excellent opportunities right now to ‘buy a home right.’

See the August Haywood County, NC Market Report.

See my Waynesville, NC Archive of Market Reports.

Search the Haywood County, NC MLS.

Broker/(REALTOR®)

This entry was posted on Friday, September 5th, 2008 at 2:04 am and is filed under Waynesville Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Rob Roland said at December 14th, 2009 at 4:46 pm

   Susie,

   Do you have time this week to help me technically with Blogging, etc.
   Thanks,
   Rob

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