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By almost every metric Henderson County’s housing market is active, resulting in still a tight home seller’s market in Henderson County, North Carolina. The average number of days on market is at its lowest point since 2019 at 22 days, but many homes are on market only a few days at most. The total months supply of inventory is equally at a low point of 1.4 months (the time to sell through all homes on the market). The average sales price is also up to just over $442,000 for single-family homes. This is based on data through May but anecdotally we are already seeing some signs of slowing through fewer offers in multiple offer situations and an increasing number of price reductions for listings that do not move quickly.

To this point the demand in our area for housing and lack of homes for sale has not resulted in a shift in the market. This is despite the fact that mortgage rates have increased over 2% since the start of the year. The market can shift quickly and the Federal Reserve is set to increase the Federal Funds rate by another 0.5% at the next meeting in mid-June. The Fed’s monetary tightening policies are intended to curb inflation and, by extension, the housing market that has exploded since the start of the pandemic.

Tight Home Seller's Market in Henderson County

Single-family homes for sale in Henderson County, North Carolina 2019 to 2022

 

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