July Updated Sales Statistics for Hendersonville Area Multiple Listing Service

These numbers are provided by the 4 county WNC Regional MLS system and represent home sales in Buncombe County (Asheville area), Haywood County, Henderson County (Hendersonville area) and Transylvania County (Brevard area)

2008 June Residential Statistics			2009 June Residential Statistics (Adjusted 8/8/09)
Single-Family Homes Sold	491		Single-Family Homes Sold		440
Average Days on Market	116		Average Days on Market		143
Average Selling Price	$257,209		Average Selling Price		$235,471
Month End Inventory	8,991		Month End Inventory		9,142
Average List Price	$270,874		Average List Price		$249,868
% Difference Sale to List	95.0%		% Difference Sale to List		94.2%
2008 July Residential Statistics			2009 July Residential Statistics
Single-Family Homes Sold	509		Single-Family Homes Sold		483
Average Days on Market	116		Average Days on Market		146
Average Selling Price	$267,513		Average Selling Price		$243,232
Month End Inventory	9,079		Month End Inventory		9,075
Average List Price	$280,647		Average List Price		$259,041
% Difference Sale to List	95.3%		% Difference Sale to List		93.9%

The above statistics are for residential properties only -- including town homes, condo's, manufactured, pre-construction.

Land/lots are not included in these figures.

08/09/09: Robin's opinion of current Market Conditions in our area. July's statistics show some improvement over June's but a strong buyer's market continues with a lot of inventory for buyers to choose from as even more sellers, short sales and foreclosures have been added to our local market. Sellers continue to lower their prices adjusting for current market conditions and some sellers, depending on circumstances are willing to negotiate even lesser prices to close a deal. In any event, all prices are negotiable.

The $8,000 tax credit for first time home buyers would be very beneficial for many who qualify. The current market offers great deals and it could be very worthwhile for the consumer to check with the financial folks to see how the tax break could benefit them for 2009 tax purposes. No word as yet if the government will continue the credit into 2010.

Hendersonville and Western NC has a lot to offer and if you considering a real estate purchase it could be worth your while to come take a look while inventory remains plentiful and prices remain lower. Interest rates are remaining low. Our local community banks are very viable and have money to loan for qualified buyers. This is a great time to purchase and why rent if you are in a position to purchase?

Visit http://NC-Hendersonville.com for more local information on the Hendersonville, NC area.