Real Estate Recap February 2025

Listings are still on the short side in Haywood County.  In January we had a 3.8 month’s supply of homes on the market, but that shrank to a 3.7 month’s supply in February.

The median sales price finally dropped from $329,000 in February 2024 to $320,000 in February 2025.  The drop was even more pronounced when compared to January of this year.  In January our median sales price was $418,500.  The drop to $320,000 in February was significant.  This drop was mainly due to lower priced homes selling as opposed to higher priced homes.  There is a large demand for homes in the $200,000 to $300,000 price range, but not much availability.

In February 2024 the average days on the market until sale was 58 days.  This February that increased to 70 days.

The average list price of homes coming on the market this February was $526,584 compared to $442,103 in February 2024.   I believe this difference is mainly due to higher priced homes being listed more often than lower priced homes.

The main takeaway from these numbers is that we are in a complicated and somewhat complex market.  If you are thinking of selling your home, or are looking to purchase a home, let us know.  We can help guide you through the market and help you avoid some of the pitfalls.

Thank you!