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

Haywood County 5-Year Residential Sales Comparison.

The annual statistics for residential real estate sales in Haywood County reflect that sales are down 32.5% from 2007, and down 50% from 2006. Sales and listing volumes for the year are the lowest reported in 5 years, and the average ‘days on market’ for 2008 (154) is the highest ‘days on market’ reported during 2004 through 2008.

Present residential real estate listing inventories locally have been reduced, for the most part, due to homes being pulled off the market; however, with a continued overabundance of listings, homes STILL priced unrealistically, and Buyers not being able to easily qualify for what their expectations are, it is my opinion that the real estate market here is not going to turn around any time soon. Pricing appears to be moving back to 2004/2005 levels.

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

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This entry was posted on Monday, January 5th, 2009 at 3:04 am and is filed under Haywood County 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. Housing Reports From Practitioners Provide Clear Views — Really Better Real Estate said at January 11th, 2009 at 6:58 am

   [...] Blackmon presents Haywood County 5-Year Residential Sales Comparison. posted at Bucking The Real Estate Trend, saying, “5-year residential sales [...]

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