High Country Association of REALTORS News

Why Buy Now: More positive signs in the real estate market

Real Estate market viewThe High Country real estate market recorded modest growth in 2011. Among the positive trends was the number of listings sold hitting a two-year high.

According to the High Country Association of Realtors, there were 1,014 real estate listings sold last year. That included eight consecutive months of increased sales, from February to September. That was a big turnaround from 2010, when real estate sales were 938 (a six-year low), and just short of 2009, when 1,033 listings were sold.

2012 has also started with growth. There were 68 listings sold in January, up from 46 in December.

The local numbers appear to mirror two recent national trends.

  • Housing starts rose 1.5 percent in January 2011, the highest level in three years. According to the Commerce Department, "The main reason for the January increase was due to a 14.4 percent rise in groundbreaking on rental properties or buildings with five units or more. ... Building permits in January, a future gauge to construction, ticked up 0.7 percent."

  • Existing home sales also increased in January. According to the National Association of Realtors, "Sales of previously occupied homes increased 4.3 percent from a downwardly revised 4.38 million in December to 4.57 million in January. That’s the fastest pace since May 2010 (4.89 million) and 0.7 percent higher than the mark one year ago."

Now's a great time to Live the Dream in the High Country of North Carolina. There are more than 3,000 listings now active in the area.