Real Estate Recap July 2023

Overall, sales of homes in Haywood County were down 18.5% from July 2022.  The main reason for this was a continued lack of inventory.

Here are the numbers below:

This year in July we sold 88 homes, compared to 108 homes in July 2022.

The average sales price this year in July was $401,183 compared to $395,221 in July 2022.

The average home sold this year in July sold for 94.8% of the original listing price compared to 97.2% in July 2022.

The cumulative days on the market until sale this year was 46 days, compared to 22 days in July 2022.

Our number of available homes for sale this year in July was 200 vs. 260 last year in July.  (A 23.1% drop in inventory)

As I stated in the beginning, lack of inventory is still driving average sales prices up.  This continues to be a seller’s market with more buyers than sellers.

Please let us know if we can help you navigate this market.  If you’re thinking of selling, we can do a market analysis of your home to help determine its value in this market.  If you’re thinking of buying a home here, we can set up a search inside our MLS, so you get information on new homes for sale as soon as they come on the market.