Real Estate Recap October 2024

Before going over the numbers for Haywood County in October, keep in mind that Hurricane Helene affected the numbers here significantly as the courthouse was closed the first week of October, so no closings could occur, and many were delayed as business got back to somewhat normal again.  That having been said, we are so fortunate here when we look at other areas in the mountains who really got hit more than we did in Haywood County.  Parts of Asheville along the Swannanoa and French Broad Rivers, the Swannanoa/ Black Mountain areas of Buncombe County, Burnsville in Yancey County, Spruce Pine in Mitchell County, Marshall in Madison County and the Bat Cave/ Chimney Rock areas of Polk County were really hit hard.  Our thoughts and sympathies are certainly with those who lost loved ones and their homes or businesses.

In October 2024 our new listings for Haywood County dropped over 37% from our new listings in October 2023.  Pending sales also dropped 20% from October 2023, but closed sales actually rose 1.2% from October 2023.

The median sales price continued to rise as it rose 16% over the median sales price in October 2023.  Also, the average sales price rose 7.4% from October 2023 to $506,352.

The average list price for homes in Haywood County is now $491,083.

Our inventory of homes for sale in Haywood County rose 49% from October 2023 to 368 homes this year.  This gives us a 4.7 month’s supply of homes for sale.  As a balanced market is historically viewed as a 5 to 6 month’s supply of homes for sale. We are rapidly approaching a balanced market in Haywood County.  (a market where there is an equal number of buyers and sellers)

If you have any questions about real estate, please let us know.  If you’re in the area, please stop by to say “Hello!”