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Welcome to the first week of Summer! After all the rain, the mountains are lush, green, and beautiful!
Listing inventory improved some recently, and we are at least glad that it gives our buyers a better opportunity than they’ve had in a while. But, the real opportunity for buyers right now seems to be that the slowness has finally resulted in some price softening. In some places that softening is rather pronounced, so it looks like we are clearly in a buyer’s market on several spots here in the mountains. If we see some stability in trade issues, the tax bill, and a reduction in interest rates, I think we’ll all be pretty busy. Of course, the ones who win in busy times are the ones who have found ways to make the most of the quieter times like 2025 so far. Of the “bargain” spots, Fannin comes to mind primarily. However, Towns, Cherokee, and Clay are potential spots for buyer searches as well. Gilmer seems to be holding it’s own, although at a low and slow level, but the hot ticket right now, if there is one, seems to be Union County. They have the momentum for sure. As was said last month in our summary, “results in our statistics come a month or two after buyers go shopping and sign contracts, so the expectation is for improved traffic and interest in our area coming very soon. How great that improvement is will be fun to watch, to work in, and to attempt to measure.” That statement still holds true.
Read the full report here:
Listing inventory improved some recently, and we are hoping it is from more sellers coming forward than from a slower buying pace. The landscape right now looks to be a bit of a sleepy market, but with prices holding their own or even still drifting upward gently. As usual though, the picture varies some from county to county and month to month. Very importantly, residential prices continue standing strong.
