black mountain DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 19.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2023
▲ 7% VS 2023
▼ 75% VS 2023
0.0% VS 2023
There were 78 detached listings in Black Mountain in June, 8% above May and no change to June 2023.
June detached home sales decreased by 50% month-over-month, to 4, and were 75% below June 2023.
THIS MONTH No. $1,245,500 $1,206,000 19.5 4 78
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Black Mountain, at 19.5, reflected a buyers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
16 78
300% -75% 0%
$866,875 $890,000 9.0 8 72
44% 36% 117% -50% 8%
The detached median price in June was $1,206,000, a 36% increase from May and 7% above June 2023.
$1,185,656 $1,126,000 4.9
The average sold price was $1,245,500, 44% above last month and up 5% to June 2023.
5% 7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
78
78
37
72
76
66
65
67
65
63
60
60
56
29
54
26
16
10
10
9
8
7
7
5
5
4
2
4
8
$1.39M
$1.25M
$1.21M
$1.19M
$1.13M $1.06M
$1.13M
$1.13M
$1.02M $1.01M
$935K
$890K
$819K
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
20
15.0
15
9.0
10
6.0
5
0
N/A
<$600K
$600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
MOI INVENTORY SALES
0 2 n/a
1 9 9.0
2 12 6.0
0 19 n/a
1 15 15.0
0 10 n/a
0 6 n/a
0 1 n/a
0 4 n/a
Copyright © July 8, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of July 8, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 19 ●
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