Allen Tate/Beverly-Hanks Q2 2024 Market Report

YANCEY & MITCHELL COUNTIES | QUARTER TWO 2024

HOMES FOR SALE 180 2023: 159

DISTRESSED SALES

CASH SALES 39% 2023: 40%

LIST/SELL RATIO 94% 2023: 92%

CLOSED DAYS ON MARKET 87 2023: 86

ACTIVE DAYS ON MARKET

1%

111

2023: 0%

2023: 123

$0-$99,999

$100,000-$199,999

$200,000-$299,999

Home Values

SELLER'S MARKET

Home Values

SELLER'S MARKET

Home Values

SELLER'S MARKET

q

q p p q p

p q p p q

Homes Sold

3

Homes Sold

10

Homes Sold

28

p p q p

List/Sell Ratio

82%

List/Sell Ratio

89%

List/Sell Ratio

94%

Days on Market (Active)

204

Days on Market (Active)

106

Days on Market (Active)

121

Days on Market (Closed)

123

Days on Market (Closed)

73

Days on Market (Closed)

76

Months of Inventory

2

Months of Inventory

3

Months of Inventory

3

$300,000-$399,999

$400,000-$499,999

$500,000-$599,999

Home Values

SELLER'S MARKET

Home Values

BUYER'S MARKET

Home Values

BUYER'S MARKET

q

vw

vw

Homes Sold

14

Homes Sold

9

Homes Sold

8

vw

p p q p

p p p p

List/Sell Ratio

94%

List/Sell Ratio

98%

List/Sell Ratio

98%

p q

Days on Market (Active)

154

Days on Market (Active)

68

Days on Market (Active)

84

Days on Market (Closed)

85

Days on Market (Closed)

29

Days on Market (Closed)

107

vw

Months of Inventory

5

Months of Inventory

8

Months of Inventory

8

$600,000-$699,999

$700,000-$799,999

$800,000-$899,999

Home Values

BUYER'S MARKET

Home Values

BUYER'S MARKET

Home Values

BUYER'S MARKET

vw

p

q p p p p

Homes Sold

5

Homes Sold

3

Homes Sold

2

q p p p

vw

List/Sell Ratio

94%

List/Sell Ratio

100%

List/Sell Ratio

93%

p p q

Days on Market (Active)

113

Days on Market (Active)

80

Days on Market (Active)

78

Days on Market (Closed)

111

Days on Market (Closed)

10

Days on Market (Closed)

178

Months of Inventory

11

Months of Inventory

12

Months of Inventory

12

LEGEND: Change from 2023 data INCREASE: p DECREASE: q NO CHANGE: vw INSUFFICIENT SALES DATA: NA

$900,000-$999,999

$1,000,000+

Home Values

BUYER'S MARKET

Home Values

BUYER'S MARKET

vw

vw

Homes Sold

1

Homes Sold

2

p p q p

p p p p

List/Sell Ratio

100%

List/Sell Ratio

94%

Days on Market (Active)

70

Days on Market (Active)

150

Days on Market (Closed)

3

Days on Market (Closed)

438

Months of Inventory

18

Months of Inventory

41

QUARTER TWO 2024 21

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