Haywood County Real Estate 2008 First Quater Residential Statistics

We have compiled the 2008 first quarter statistics for residential properties in Haywood County NC. We have also listed 2007 statistics for comparison.

1/1/07-3/31/07

Total Units Sold: 195
Average Listing Price:250,974
Average Selling Price: 238,199
List to Sell Ratio: 95%
Median Listing Price: 200,000
Median Selling Price: 197,000
Average Days on the Market: 139

1/1/08-3/31/08

Total Units Sold: 125
Average Listing Price: 241,653
Average Selling Price: 226,196
List to Sell Ratio: 94%
Median Listing Price: 200,000
Median Selling Price: 185,000
Average Days on Market: 156

As you can see we have started 2008 on a slower note, but from all indications our market is picking up. We have been battling the negative media reports about the mortgage and the housing industry which have caused many buyers to sit on the sidelines with the wait and see approach. With the average selling price down about $12,000 it is a great time to buy in Haywood County. We do feel like most "experts" in the media that the housing market and economy will turn around by the 3rd quarter of 2008. That being said, if you are thinking of buying do not wait to long. We do not know when the bottom has been reached until it has started going back up. If you waited, you will have missed the best prices in years!