Back HomeNational Real Estate Trends or Local?
There is a saying in real estate that all real estate is local. Our market here in Haywood Country, NC does not mirror the market in Miami, Dallas, or anywhere else. I have recently seen several articles about real estate trends nationally. I thought it would be interesting to compare some national trends from these articles to our local numbers (Haywood County, NC). The numbers below are for July 2025 as these are the most current numbers available. (MOM=July 2025 compared to June 2025, YOY=July 2025 compared to July 2024)
Pending Sales MOM- Nationally -0.4% Locally +19.0%
Pending Sales YOY- Nationally +.25% Locally +46.5%
Price Growth YOY- Nationally +0.2% Locally -6.7%
Price Decreases YOY for select cities:
Tampa-6.2%—-Austin -6%—-Miami-4.6%—-Orlando-4.3%—-Dallas-3.9%
Our National Supply of homes listed for sale increased by 25% in July. Our Local Supply of homes listed for sale here in Haywood County increased by 47.7% in July. (Both YOY)
By the way, nationally, Raleigh, NC saw the largest increase in homes for sale YOY in July of any metropolitan area. Listings increased there by 54.5%.
To recap, our pending home sales in Haywood County were much higher than national numbers when comparing MOM or YOY for July. Our price growth was negative in July, -6.7% compared to +0.2% nationally. One month can always be an outlier. One reason for the price drop in July was the availability of lower priced inventory. In previous months it was difficult to find a decent home in the $300,000 and below price range. If you look at our January through July year to date price growth it comes in at a +1.6% increase. We do have sufficient inventory now, especially when compared to the last couple of years. We are in an unusual market here as many, if not most, of our customers and clients are retirees from Florida and other states moving here for our climate, and our beautiful mountains.
If you have any specific real estate questions, or needs, please let us know. We are here to help.
