Market Update: Highlands, NC
Seller Market conditions continue through 2021 for the area of Highlands North Carolina, according to the latest statistics by Berkshire Hathaway HomeServices Meadows Mountain Realty.
The number of available “Active Listings” has decreased by a total of 54%, to 93, compared to this time last year, while the median list price has shown an increase of 9%, to $697,000 USD, according to the report.
Buyer demand can be demonstrated through an increase in the number of “Sold Listings” by 30% to 47, compared to this time last year. With this increasing buyer demand the “Average Sales Price” also rose a total of 15%, to 790,287 USD, year-over-year.
In addition, the “Average Days On Market” has also lessened to 153 compared to this time last year, a 35% decrease. The “List to Sale Ratio” is at 94.08%. A 3.7% increase compared to Feb 2020.