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MARKET I.Q.
from Mountain Time in the Smokys | Aug-Sept 2022 - Western North Carolina Real Estate & Lifestyle Guide
by 4smokys
MARKET IQ
RESIDENTIAL MARKET SNAPSHOT
We back our buyers and sellers with data and insights so they can make smart moves. Contact one of our associates today for a comprehensive local area market report and/or a complimentary home evaluation.
DAYS ON MARKET
JACKSON COUNTY
46
TRANSYLVANIA COUNTY
32
SWAIN COUNTY
58
HAYWOOD COUNTY
28
1 YEAR CHANGE - Median Sales Price
TRANSYLVANIA COUNTY
17.6%
JACKSON COUNTY
11.4%
HAYWOOD COUNTY
11.2%
SWAIN COUNTY
33.7%
INTEREST RATES: QUICK FACTS
We’ve had a lot of questionslately about changes in thereal estate market due tomortgage rates increasing.Below are helpful quickfacts for buyers & sellers.Questions? Contact us!
The historical 30-Year Average Mortgage Rate is 7.77%.
We enjoyed exceptionally low mortgage rates for the last 10 years.
While mortgage rates have risen in recent months, they are still below the historical average.
Prices are predicted to continue rising over the next few years, just not at the same hyper-speed we’ve experienced recently.