Category: Local Real Estate Snapshots
Washington County, Virginia Market Update | Highlands Realty Inc
Below you will find a quick overview of the real estate market in Washington County, Virginia. Contact us if you have any questions about navigating the current market. The Washington County VA real estate market continues to suffer with low inventory. There’s a 5-7 week supply (if no homes were added to the market) in... Read More
Smyth County, VA Real Estate Market Update | Highlands Realty Inc
Continue reading to learn about how the Smyth County, Virginia real estate market is doing. Contact our professionals to help you navigate the local market. In Smyth County VA, the inventory is slightly increasing to a little over 2 months worth of inventory in the 0-$600,000 range; and 2-3 months of inventory in the price range... Read More
Sullivan County Tennessee Market Update | Highlands Realty Inc
The Q2 typically boasts the highest number sales each year, so no surprise that the number of sales decreased for Quarter 3 of 2022. It is surprising to see prices still continuing to increase because most markets experienced a slight decrease in median sales price due to higher interest rates! The supply is increasing ever... Read More
Washington County Virginia Market Update | Highlands Realty Inc
As you can see from the graph, the number of sales for the 3rd quarter of 2022 has slowed down and prices dropped slightly. Nothing has changed with inventory….we still have an approximate SIX WEEK supply! Read More
Smyth County, VA Market Update | Highlands Realty Inc
The 3rd quarter of the year continues to be the quarter with thr most sales. We can expect fewer sales between now & the end of the year. If new listings don’t increase, then we can expect to have a limited six to eight week supply. Lower demand has already had an effect on prices... Read More
Is Waiting to Sell Your Home Costing You?
One debate homeowners often have is whether to sell their property now or wait. While moving homes may require quick actions because of a job change or new family addition, other times, homeowners may wait for ideal market conditions before making a move. Southwest Virginia and Northeast Tennessee are in a seller’s market. Therefore, if... Read More
Buyer’s vs. Seller’s Market | How to Navigate the Local Bristol TN/VA Real Estate Market
Whether you’re a REALTOR or in the market to buy or sell a home, you often hear about it currently being a buyer’s or seller’s market. However, many do not understand the difference between the two or what these terms mean. Let’s take a quick crash course into the two to give you a better... Read More