03/21/08: Robin's opinion of current Market Conditions in Hendersonville, Asheville and Brevard

Western NC and my service areas are located in a "destination region" for many relocating families and retirees.  Housing market conditions in many other parts of the country have affected our Market as many potential purchasers have to sell their existing properties before they can purchase and are having difficulties with this in their existing market areas.  Constant negative national news coverage on housing has not helped the situation as potential purchasers feel that they should wait as prices may continue to dip.  This continuous negative news coverage also seems to imply that the housing market decline is nationwide -- that is not so. 

Combined with the general state of the housing market and more stringent mortgage requirements the situation has impacted our local market by having more properties available for buyers to choose from than what was considered normal previously.  This results in our Seller's adjusting to the fact that their properties will have a longer time on the market with properly adjusted pricing and recognizing that this situation is considered a buyers market with purchasers having more properties to choose from and base their purchase decisions on.

The above March 2008 statistics from the National Association of Realtors reflects the continued slowdown in our local market -- reflecting continued buyer issues in other parts of the country for the folks wanting to relocate to this area!!  The domino affect.

 Hendersonville and Western NC is a beautiful area that has a lot to offer and if you are considering a real estate purchase it could be worth your while to come take a look while the area inventory is plentiful and interest rates for qualified buyers remains low.

Please email/call if I can be of service to you -- Robin