Real Estate Recap November 2024

This is a local market update of real estate sales in Haywood County for November 2024.

New listings were down from November 2023 by 10.9%- 92 last year to 82 this year in November.

Pending Sales were up 31.9% from November 2023- 69 last year to 91 this year in November.

The Median Sales Price was up 14.2% from $371,000 last year to $423,500 this year in November.

The Average Sales Price was up 8.6% from $443,510 last year to $$481,655 this year in November.

Percent of Original List Price Received upon Sale was down 3.2% from 95.9% last year to 92.8% this year in November.

Number of Days on the Market Until Sale rose 31% from 42 last year to 55 this year.

The Average List Price for new listings rose 3% from $469,291 last year to $483,355 this year in November.

The Inventory of Homes for Sale rose 36.3% from 248 last year to 338 this year in November.

The price of homes continues to be on the rise, as are inventories.  As of November 2024, we have a 4.3 months’ supply of homes for sale compared to a 2.9 months’ supply of homes in November 2023.  We are still inching closer to a balanced market (one that is neither a seller’s market nor a buyer’s market).  Most real estate professionals consider a balanced market to be a 5 to 6 months of inventory.

Please let us know if you have any comments or questions.