In Haywood County, which includes Maggie Valley and Waynesville, the number of homes sold is down 29% from the third quarter of 2007, although we've seen a 10% increase when compared to the second quarter of this year. The average selling price increased ever so slightly to $213,862 (from $213,711 in the second quarter). This sales figure, however, represents a 14% drop in price from third quarter a year ago. The fact that the number of homes sold has increased and prices remain stable indicates that we may have "hit bottom" in this area.

In contrast, Asheville and its surrounding areas has seen a 16% decrease in the number of homes sold when compared with the second quarter and a 33% decrease when compared with the third quarter of 2007. Although the average sales price has decreased 9% since third quarter of 2007, it is actually up 1.5% from second quarter.

If you're interested in more detailed results or in a specific area, feel free to email me.