Recent Sales and Covid 19 News
For the month of June 2020, 83 homes and condos were sold (closed sales) in Haywood County. This is an increase of 20% over the month of May 2020, so homes sales are really starting to rebound. However, to put this in perspective, sales in June 2020 were still off 28% from June 2019 (Year Over Year). Aside from the virus, sales are still somewhat limited due to lack of inventory. Based on the 83 homes sold in June, we have less than a 4 month supply of homes on the market. This represents a 25% absorption rate. Anything over 20% is considered a sellers market. All these numbers mean it’s a great time to put your home on the market.
As to the latest news on Covid 19, we are now under an executive order from the governor concerning face masks. Face masks must be worn at all times when in public. Face masks must be worn by all customers entering a business, even restaurants (of course you can remove them at your table). Face masks must also be worn by all employees of a business. If a business does not require face masks, they can be cited for not doing so. Hopefully, this will reduce the spread of the virus in our state.