Real Estate Recap August 2025

At first glance, August real estate sales seemed to be a bit slow.  However, the month finished strong.  Closed sales improved 4.1% over August 2024.  Pending sales rose a whopping 67.5% over August 2024.

New listings rose 1.2% over August 2024.  Our inventory of homes for sale rose 26.7% over August 2024.  This brings our month’s supply of inventory to 6.0 months.  (This means if sales rates continued the same, and no new homes came on the market, we would be out of homes to sell in exactly 6 months.)  A 6 month’s supply of homes is considered a “balanced market”, which is neither a seller’s market, or a buyer’s market.

The percentage of original list price received dropped from 93.6% in August 2024 to 92.4% this August.  This means the average home on the market has been discounted 7.6% from the original list price.  Two factors make up this decrease: Price decreases as a home’s price is dropped by the sellers to better compete in the market and offers by buyers for less than the listed sales price.

So, all in all, August turned into a pretty good month for home sales in Haywood County.

If you are considering buying a home, or selling your home, please let us help guide you through the process.  Thank you!