Prices continue to decline in Haywood County which again is good news for buyers wanting to buy in the mountains. Below are some comparative statistics for January 1, 2007 through April 30, 2007 and the same period this year. These statistics are for residential sales including condos and townhomes.
1/1/07-4/30/07Closed Listings: 269 Average Listing Price: $263,298 Average Selling Price: $249,091 List/Sell Ratio: 94.6% Average Days on Market: 141 1/108-4/30/08 Closed Listings: 175 Average Listing Price: $255,570 Average Selling Price: $239,245 List/Sell Ratio: 93.6% Average Days on Market: 169 As you can see average listing and sales prices are down, list to sale ratio is down, and average days on the market is up in 2008. Again, the silver lining is lower prices, greater negotiation ability, and greater choice of homes. As history has proved time and time again, the best time to buy is when everyone else is selling!