Demand is high, inventory is low, and buyers are scooping up homes faster than sellers can put them on the market, making this the perfect time to sell in Western North Carolina. Let us talk you through many of the reasons why.
Relocation Numbers are Soaring
While Western North Carolina and the greater Asheville region have always been a popular place to live, work, play, and visit, demand for homes is currently higher than ever. Across the country, we’re seeing a rise in migration to popular cities that offer a healthy and active lifestyle along with access to the outdoors. One thing COVID has taught us is that many more people than previously realized are able to work remotely, making relocation a possibility for more folks than ever. These realities are fueling much of the current market demand as we experience a high influx to our Western NC region.
What Sky-High Demand Means for Sellers
For many months in a row, we’ve seen more properties going under contract than listed, and multiple offers for desirable properties are becoming commonplace. Days on market have been decreasing steadily due to housing inventory being absorbed at a faster pace. With this lower inventory and increased sales, home prices have been understandably increasing.
Low Rates Have Buyers Ready to Act Now
Rates are the lowest we’ve seen in years, contributing to a world in which more people than ever are looking to buy. Sellers again benefit from this ideal market condition.
The Appeal of Owning Mountain Property
Curious to learn how you can succeed in the current Western NC real estate market? We invite you to connect with our expert team today to learn more about how to find success either buying or selling! With over $300M in combined career sales, our team is excited to share our expertise with you across a wide variety of property types and asset classes.