The news this month is all about the Brevard/Pisgah Forest market and the current "buying" season. One of the indicators that we consider when we talk about how the market is doing is how long it takes for homes to sell. You'll see that number indicated in listings as CDOM (cumulative days on market). The contrast between this year and last year is startling. In the Brevard/Pisgah Forest area last April, the average days on market was 386. April this year, that number dropped dramatically to 170. We are seeing the most activity in that ever-popular price range $150,000 to $250,000 price range. It's back to being a seller's market in that price point with multiple offers and very few days on market. There were 36 residential properties sold in Transylvania County last month and 25 of them were under $250,000.
In April 2015 homes were selling for 95.2% of the list price. This year, that number is down slightly to 93.5%. Land sales held stable from the previous month but are still lagging behind over last year.
If you are considering buying or selling a home in the Brevard, North Carolina area, give us a call at 828-551-6291 or 828-551-6290.
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