While reviewing and comparing residential real estate sales in Haywood County during the period of October 1 through February 23 for the past few years, I prepared a comparison of the ‘homes sold’ by price ranges.
Sales (Closing) Numbers
During the 2008/09 period, there were 157 closings (down approximately 55% from 2006/07); 246 closings for the 2007/08 period, and 353 closings for the 2006/07 period. Lower priced homes, from $10,000 through $199,999, showed the only increase in the percentage ratios during 2008/09 compared to the previous years, which is no surprise.
Crystal Balls
Watch the news and watch the numbers. There are many ways to interpret the numbers, and a multitude of experts willing to opine about when the ‘bottom’ will be established. We are in uncharted waters in many respects, but there is no denying that there are great opportunities out there now for financing as well as buying a home priced for today’s market. Sellers, if you want/need to sell, read: U.S. home prices tumble at record pace.
Click chart for larger version.
Source: MLS. Data deemed reliable but, not guaranteed.
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See the Haywood County Market Report Archives.
See the Maggie Valley Market Report Archives.
See the Waynesville Market Report Archives.
Broker/(REALTOR®)
Original posted on Bucking the Real Estate Trend.
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