Haywood County, NC - Inventory/Absorption Rate - 04/15/08

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Real Estate Agent

Homes sold in Haywood County, NC from January 1 through April 15, 2008, according to our MLS this morning, total 151, with an average of 160 days on market.  Here are additional statistics to illustrate what these numbers mean in our market.

Absorption Rate

Selling approximately 43.14 homes per month since January 1, 2008, with 1047 active listings this morning equates to a 24.27 month absorption rate; or, based on the number of homes that have been sold so far this year, it will take us approximately 24 months to absorb the present inventory of homes on the market.

See the rest of the statistics for escrowed, closed and active listings for 2008 to date.

Expired Listings

Expired listings this morning for the month of April total 32.  More than twice the number of homes (32) are expiring than going into escrow (14) at the present time.

Snow Flurries!

Yesterday afternoon (April 14th) we had snow flurries in Maggie Valley!  The temperatures were a bit too warm for the snow to stick where I was, so my snow picture leaves much to the imagination.

Snow flurries

Caricature, Susie Blackmon by Jerry Emerson See First Quarter 2008 Statistics for Haywood County, NC.

See Haywood County, NC Real Estate Market Archive.

Search the Haywood County, NC MLS.

BuckingtheRealEstateTrend.com
COLDWELL BANKER Kasey & Associates
Maggie Valley, Waynesville and beyond
Cell: 828.550.3767
Email: susieblackmon@msn.com
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Ambassador
1,491,696
Michael Thornton
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspector - Nashville, TN area - 615.661.0297
Maggie, Weatherwise, anything can happen in our area until the end of the month. This cool snap, dogwood winter, should be the last of the really close to freezing temps we will have. Should have 2 more but hopefully not as bad as this one.
Apr 15, 2008 05:23 AM #1
Rainmaker
362,135
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Or Susie... Hi Michael, dogwood winter... I like that.  Haven't heard of it before.  I checked for snow this morning but so far, none!

Thanks for visiting.


Apr 15, 2008 05:29 AM #2
Rainmaker
148,331
Tom Plant
WINEormous.com - Murrieta, CA
Susie - Excellent market analysis. Is your absorbtion rate increasing or decreasing?
Apr 15, 2008 07:32 AM #3
Rainmaker
362,135
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Hi Tom, thank you for stopping by.  Our absorption rate has increased just a little bit recently as more homes are going on the market.  I'm hoping things will change, but if we still have many overpriced homes.  Historically Spring brings buyers to our area; our sellers this year need to be informed, realistic and astute, and price their homes right.  

  

 

Apr 15, 2008 09:47 AM #4
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Rainmaker
362,135

Susie Blackmon

Ocala, Horses, Western Wear, Horse Farms, Marketing
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