Welcome to the Jackson 2023 Mid-Year Report. The first half of 2023 continues to be a story of limited inventory, increased home prices, and national real estate trends remain a hot topic. While it continues to be a seller’s market in the Madison County area, we are seeing a very slight increase in concessions for…
Welcome to the Lake Norman 2023 Mid-Year Report. Our unique North Carolina location continues to attract people to invest in building their lives here. Even though homes may be sitting on the market slightly longer than last year (days instead of hours), multiple and strong offers are coming in on Nest listings due to carefully…
Welcome to the Richmond 2023 Mid-Year Report. We’ve made it to the halfway point for 2023 and it’s time to look backward and forward to try and make sense of our market. If you are feeling like there are conflicting news items each week that are hard to reconcile, we agree. If you are focused…
Welcome to the New River Valley 2023 Mid-Year Report. One of the fundamental principles of economics is the law of supply and demand, and — like most real estate markets around the country — that principle is very much at play here in the New River Valley in the first half of 2023. The outlook…
Welcome to the Wilmington 2023 Mid-Year Report. The southeastern North Carolina housing market has continued to break records for the first two quarters of 2023. Record low inventory—coupled with robust population and income growth—have resulted in continued increases in sales price compared to the first half of 2022. This is the first time in history…
Welcome to the Shenandoah Valley 2023 Mid-Year Report. Despite higher interest rates, buyer demand has remained strong. Low inventory levels continue to create a competitive environment, leading to quick sales and a median days on market of only 7 days. The median sales price for homes in the area stands at $312,750, indicating a healthy…
Welcome to the 2022 Mid-Year Report for the Asheville Area. We’re halfway through 2022, and what a year it has been so far! With record-low inventory and a large influx of buyers, 2022 started as a strong seller’s market. This market is currently shifting in light of current mortgage interest rates continuing to rise, along…
Welcome to the Wilmington 2022 Mid-Year Report. The southeastern North Carolina housing market continues to break records in the first half of 2022. Historically low inventory—coupled with robust population growth—has resulted in continued increases in sales price compared to the first half of 2021. Many listed homes are receiving multiple offers, especially ones under $500k,…
How’s the market? We’ve made it to the halfway mark in 2020, already one of the most historic years of the past century. Through pandemic, recession, and civil unrest, it feels like the world could unfold. And yet, things continue to move forward in positive ways. Throughout the Charlottesville area, the real estate market is one of those areas…
How’s the market? When the shutdown started, we were unsure how the market would react. Demand exceeded supply going into the pandemic. During the pandemic, demand continued to outpace supply, causing the Median Sales Price to rise in the Greater Shenandoah Valley and Days on Market to decrease. Additionally, the sold-to-list ratio increased from 98%…