Real Estate Recovery

The first half of the year of 2012 is starting to recover according to the High Country Association of Realtors. From last year this time the listings sold are up 31 percent and more than 42 percent more than the first six months of 2010. The Cause of the rise in NC Mountain real estate sales is mostly due to the buyers’ market value conditions. The prices are staying low and buyers are exploring the Western NC real estate market, which means prices should be on the rise. In the first six months there have been 543 listing sales in the High Country worth $135.3 million. All of last year sold 414 listings worth $107.3 million. Between the high in 2006 and the low in 2010 the market seems to being back on track with and average market listing of 248 days. Hopefully the market will continue to rise and sales will continue throughout the year.