Haywood County Market Update
Haywood County is suffering from high inventory, which is keeping the buyers market strong. Around 70% of sales are under $200,000 which is reducing the inventory below $200k.
Madison County Market Update
Madison County is seeing some of the most price reductions in our region due to the high amounts of inventory. Buyer activity has increased 16% year over year but that is not enough to bring down inventory in all price points.
13 Month Sales Trend For Our 6 County Region
July 8, 2013
Haywood County Housing Data
June 11, 2013
Haywood County real estate numbers through May 31, 2013.
Foreclosure Sales Tumble in Q1
May 30, 2013
According to RealtyTrac, Sales of U.S. homes in foreclosure fell in the first quarter.
There were 190,121 properties sold that were in the foreclosure process or already seized by lenders, down 18 percent from the last quarter of 2012 and a decrease of 22 percent from the first quarter the year before.
That accounted for 21 percent of all home sales, down from 25 percent in the first quarter of 2012. It was also well off the peak of 45 percent seen during the first quarter of 2009 as the housing market was still reeling from its collapse and the global financial crisis.
“We’re on our way back to a normal housing market when it comes to foreclosures,” said Daren Blomquist, vice president at RealtyTrac.
Home Prices See Strong Gain in Q1 2013
Taken from www.ritholtz.com/blog. May 28, 2013
The 10-City and 20-City Composites increased by 10.3% and 10.9% in the year to March with the national composite rising by 10.2% in the last four quarters.
• All 20 cities posted positive year-over-year growth.
• Charlotte, Los Angeles, Portland, Seattle and Tampa were the five MSAs to record their largest month-over-month gains in over seven years.
This is really good news for us Ashevillians! Charlotte and Tampa are big feeder markets to the Asheville area.
Mortgage Rates Projected to Increase
From www.kcmblog.com May 22, 2013
The Mortgage Bankers Association, Fannie Mae and the National Association of Realtors have all projected that the 30-year mortgage rate will be at least 4% by the end of 2013. If we assume that rates will still be at 4% in twelve months, here is the difference a buyer will pay if they wait.
Months of Inventory Buncombe County
Buncombe County months of inventory through May 1, 2013. We are still in a buyers market until we start to see MOI below 6 months. However, each neighborhood has different variables that and certain areas are selling very fast.
Henderson County Market Stats
Most Recent Months of Inventory Report:
Most Recent Average/Median Residential Closing Price:
Most Recent Residential Unit Sales by Closing Price:
Madison County Market Stats
Madison County Residential Unit Sales:
Madison County Residential Months of inventory:
Madison County Average Sales Price:
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