Real Estate Recap April 2024
When looking at the final numbers for April 2024 in Haywood County, the main story is sales were off almost 12% from April 2023, and inventories have finally moved up a bit to a 2.7 month’s supply, but we are still stuck in a seller’s market.
We only had 99 new listings come on the market in April 2024, compared to 115 new listings in April 2023.
Pending sales in April 2024 fell to 89, compared with 97 in April 2023.
Closed sales in April 2024 fell to 75, compared with 85 in April 2023.
Our median sales price in April 2024 rose to $365,000, compared with $325,000 in April 2023.
The average sales price in April 2024 rose to $413,329, compared with $362,101 in April 2023.
The average list price of new homes coming on the market in April 2024 was $494,044, compared with $466,988 in April 2023.
Our month’s supply of inventory rose from 2.2 in April 2023 to 2.7 months in April 2024.
The increase in inventory is good to see, but a 2.7 month’s supply is still solidly a seller’s market. A balanced market, where the number of buyers and sellers are equal is usually considered to be a 5 to 6 month’s supply of homes.
In a nutshell, sales were off a bit, prices were up a bit, and inventories rose a bit. Not really much change from the trend.
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