Market Update: Stormy Weather Doesn't Dampen The Local Real Estate Market

Dated: August 1 2018

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August, 2018

Despite nature having caused rushing rivers, flooding and mudslides this spring, home sales have only suffered slightly, and only in terms of the number of homes sold in the first half of the year. Statistics for Single Family Homes from Carolina MLS show that year-to-date the average price/sq. ft. and average selling price have both increased while the number of days on market had a decrease.  Good signs of what’s likely for the remainder of 2018.  The lower number of homes sold is most likely attributed to weeks of stormy weather, with unusually high amounts of rain in The Gorge.

Market update table 1 August 2018

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Julie McKinney

A native of northwestern Pennsylvania, I have proudly called North Carolina home since 1985. Having experienced city life in Greensboro and Charlotte, I permanently relocated to beautiful Lake Lure in....

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