Wednesday, August 27, 2008

I know I am a little late writing this post but I thought it is important to know the state of our market here in Henderson County. I wanted to post the stats for June & July of 2008 vs 2007. You better sit down.

According to the WNC Regional MLS in the Residential section there were 192 Transactions in June of 2007 VS 112 in 2008 a 43% reduction. The total sale price of those transactions in 2007 was $49,293,827 VS $29,588,322 a 40% reduction and the listings were on the market 33% longer in 2008 vs 2007.

The July stats. 190 transactions in 2007 vs 107 in 2008 a 44% reduction. A $50,981,934 total sale price in 2007 vs $25,501,696 in 2008 a 50% reduction and was on the market 36% longer.

So far this year, 2008, has seen the total transactions fall by 33% and volume fall by 39% and the marketing time increase by 21%. This through 07/31/2008.

As you can see this is a buyers market and is a very good time to buy! Right now there are 1785 active Residential homes on the market in Henderson County. Let me help you find the one that makes sense for you!