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 miss the best prices in years!

Like much of the country, real estate sales in Haywood County NC has seen a slow start to the year. The following stats are for 1/1/08- 2/29/08 and are for residential, condo, and townhouses.

Total listings on the market: 1,066

Listing Price Average: $370,800

Average Days on the market: 191

Closed Residential Listings during the time period: 74

Listing Price Average: $252,000 (notice the price range that is selling)

Selling Price Average: $232,113

List to Sell %: 92.1

Average Days on the market: 165

Listings that have expired: 181

Listings that have been withdrawn:127

Listings that are pending:49

For comparison to all of 07 look at the earlier blog post with the final 2007 Haywood County Stats.

A great time to buy? YES We have a large inventory of homes for better selection, intrest rates continue to be low and we hope will dip lower in the coming weeks, and prices are down!