Monday, January 29, 2024 / by Amy Brown
As discussed in previous newsletters, the Fed does not plan to drop interest rates now until June and will be a very small decrease since the economy remains healthy.
As we move into the Spring season expect prices to continue to rise, competition for homes to increase, and days on market to decrease.
Here are the stats for Buncombe county:
Average list price $655,703
Average sales price $597,710
Seller list to sales price ratio 96.8%
Days on market until closed 38
Months supply of inventory 2.2 = seller's market
Today's interest rate for a 30 year fixed
January's metrics will be out next week so stay tuned!
Have a great day!