Real Estate Recap January 2025

It seems the same real estate trends are continuing from the last few months of 2024 into 2025.

New listings in January 2025 increased over 50% as compared to January 2024.

Pending sales in January 2025 rose over 20% as compared to January 2024.

Closed sales in January 2025 were slightly behind closed sales in January 2024 (68 vs 69).

The median sales price rose to $418,500 in January 2025 compared to $388,000 in January 2024.

The average sales price rose to $445,906 in January 2025 compared to $430,954 in January 2024.

Days on the market until a sale were 62 in January 2025 compared to 68 in January 2024.

The average list price of a new home rose to $457,109 in January 2025 compared to $438,538 in January 2024.

This year in January we had 297 homes for sale in Haywood County compared to only 200 homes for sale in January 2024.

Our month’s supply of inventory rose to 3.8 month’s supply compared to only 2.4 month’s supply in January 2024.  (A balanced market is considered to have a 5 to 6 month’s supply.)

In summation, prices are still going up, but thankfully, inventories are going up also.  However, we are still in somewhat of a seller’s market.

Please call us if you have a real estate question or are thinking of listing your home for sale.