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Fall has arrived and the leaves are starting to change — this is the view from my neighborhood.
Inventory continues to slowly improve while sales numbers and pace seem plateaued at a fairly casual level. This reminds me of an article sent to me this week. The article explained that 2025 is tracking to be a carbon copy of 2024. Sadly this article went on to say that 2024 was the slowest real estate year since 1995! Hopefully 2026 will have its own personality and not copy it’s predecessors. Despite all that, we need to recognize that while there are monthly numerical ups and downs, it is amazingly positive that the average price so far for this year is 2.3% higher than last year. So like a trapeze artist, even in this slow market prices are defying gravity. County by county it’s interesting to compare Cherokee and Clay. It’s a tale of two cities. In Cherokee the sales were slow but prices strong. In Clay, it was the opposite. Fannin and Gilmer each had pickups in sales, but softer prices. Towns was slower, but nothing notably different in prices. Union was the one that seemed to hit on both the cylinders of sales numbers and prices improving. If history teaches, aside from some systemic problem like we saw twenty years ago, it seems that things tend to improve just when everyone becomes solidly concerned that things aren’t.
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