Maggie Valley, NC closed 7 residential real estate sales in September 2008 (see details in chart below), and the average number of days it took to sell the 8 homes was 132. The number of homes on the market in Maggie Valley as of today (October 4) is 303 (highest number of homes on the market in Maggie Valley all year).
Absorption Rate.
The rate of sales in the present market, when considering today’s active listings (303), renders an approximate absorption rate of 42.6 months, or an inventory level that will take 42.6 months to sell at the present rate. A 6-month inventory is ‘normal.’ An inventory below the 6-month level is a “Seller’s Market.” We have a roaring Buyer’s Market at the moment.
Curious about what ‘absorption rate’ means? Read this great explanation from Heather Barr’s Real Estate Glossary.
Source: MLS. Data deemed reliable but, not guaranteed.
See the August Haywood County, NC Market Report.
See the Maggie Valley, NC Archive of Market Reports.
Search the Haywood County, NC MLS.
Broker/(REALTOR®)
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SUSIE BLACKMON Broker/(REALTOR®)
PHONE:
    828-550-3767 COLDWELL BANKER Kasey & Assoc.
Maggie Valley, Waynesville, Canton, Clyde, North Carolina 28786 |
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IT IS ALL ABOUT THE CLIENT, not the realtor. Real estate blog with market reports, statistics, photography, marketing, technology, localism for Maggie Valley, Waynesville, etc., Haywood County, NC.
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Susie your days on market numbers in Maggie Valley are similar to my area of Metrowest Mass. I am looking forward to getting back to a sellers market!
Susie,
Watch out if all of a sudden that 'pent up demand' breaks loose!!! Thanks, Fran
Susie, that absorption rate is staggering. Surely things will pick up and you are in the lullest of lulls right now. I can't imagine 7 closed sales with 303 on the market. That is incredible. Seven sales cannot support many agents to stay in business unless they are working surrounding areas too or having separate income streams on the side. I wish you and all the REALTORS around you the best.
Susie, with numbers like this, I'd drink a gallon of Pepto dismal too...
Bill, this too shall pass, as they say.
Fran, it will be a bit more controlled than usual I imagine.
Gary, yes it is staggering. Keep those good wishes coming.
Michael, one definitely needs something to wash down the numbers with....