Maggie Valley, NC closed 7 residential real estate sales in September 2008 (see details in chart below), and the average number of days it took to sell the 8 homes was 132. The number of homes on the market in Maggie Valley as of today (October 4) is 303 (highest number of homes on the market in Maggie Valley all year).
Absorption Rate.
The rate of sales in the present market, when considering today’s active listings (303), renders an approximate absorption rate of 42.6 months, or an inventory level that will take 42.6 months to sell at the present rate. A 6-month inventory is ‘normal.’ An inventory below the 6-month level is a “Seller’s Market.” We have a roaring Buyer’s Market at the moment.
Curious about what ‘absorption rate’ means? Read this great explanation from Heather Barr’s Real Estate Glossary.
Source: MLS. Data deemed reliable but, not guaranteed.
See the August Haywood County, NC Market Report.
See the Maggie Valley, NC Archive of Market Reports.
Search the Haywood County, NC MLS.
Broker/(REALTOR®)
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SUSIE BLACKMON Broker/(REALTOR®)
PHONE:
    828-550-3767 COLDWELL BANKER Kasey & Assoc.
Maggie Valley, Waynesville, Canton, Clyde, North Carolina 28786 |
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