Real Estate Recap June 2025

The same trends that were building the last few months continued through June.  Inventory levels of homes for sale have continued to rise.  At the same time, the median sales price and the average sales price in Haywood County actually dropped for the first time in a while.  One reason for the drop is the price range of homes that sold in June.  More reasonably price homes sold than luxury homes.  I do believe, however, that we are very close to moving from a seller’s market to a buyer’s market.  Below are the numbers from June 2025.

In June we had 156 new listings come on the market compared with 148 coming on the market in June 2024.

Closed sales in June dropped 7.6% from June 2024, although pending sales rose 7.1% from June 2024, almost a wash.

The median sales price dropped 17.6% from June 2024 to $350,000 this June.

The average sales price dropped 19.5% from June 2024 to $378,188 this June.

Days on the market until a sale increased 26.8% from June 2024 to 52 days this June.

The average list price increased 8.7% from June 2024 to $525,080 this June. (Two factors are possibly at play here, more luxury homes coming on the market, and some sellers still overpricing their homes to the market.)

Last year in June 2024 we had a 4.0 month’s supply of homes on the market.  This June our inventory has increased to a 6.5 month’s supply of homes on the market.  (A balanced market is usually defined as a 5 to 6 month’s supply of homes.  At a 6.5 month’s supply we are entering a buyer’s market.)

Please let us know if you have any real estate questions.  We will find an answer for you.