Real Estate Market Update for Hendersonville NC in June 2023
As the summer heat settles in on Hendersonville NC, many homeowners in the area are wondering what the real estate market holds for them in 2023. Are we still in a seller’s market? Is the supply of homes increasing or decreasing? What should homeowners who are looking to sell keep in mind as they prepare their homes for the market? We’ll answer these questions and more as we delve into the latest real estate market update for Hendersonville NC in 2023.
The Henderson County Housing Market Continues to Be Favorable for Sellers
According to recent statistics, the Henderson County housing market continues to be favorable for sellers. Over a three-year timeframe, there has been a staggering 48% increase in home prices. Single-family homes have seen a 12.7% rise in prices from last year, while condos and townhomes have increased by 17%. Even though there are rising interest rates and less competition, this indicates that Hendersonville is still in a strong seller’s market.
Clean, Well-Maintained Homes are in Demand
While multiple-bid scenarios are becoming less common, one thing buyers are still looking for is homes that are in excellent condition. Today, buyers value properties that are well-maintained and need little to no work. According to our MLS searches for sold homes, if a home is clean and in very good shape, there will be more interest than if a home needs work. Gone, for the most part, are the days of buyers looking for fixer-uppers.
Slowly Increasing Supply of Homes
The supply of homes in Henderson County has been increasing slowly, which is good news for homeowners who are considering selling their homes this year. There has been a 54% increase in the single-family home supply and a 40% increase in townhome and condo supply from last year. This makes it a bit easier for those who are resisting selling because they fear not having a place to go.
Looking to Sell Your Home in Hendersonville NC in June 2023?
The latest Real Estate Market Update for Hendersonville NC in June of 2023 indicates that the housing market is still favorable for sellers, but we’re not quite in a balanced market yet. Clean and well-maintained homes are in demand, and the supply of homes is gradually increasing. Despite a challenging market, homeowners who are looking to sell their homes this year can still get the best value by working with a trusted REALTOR®.
If you’re a homeowner looking to sell your property this year, it’s important to work with a trusted REALTOR®. A professional in the industry can help you navigate the market and compete successfully in the seller’s market. So, if you’re ready to sell your home this year, give me a call, or text at (828) 481-8752 and schedule a consultation TODAY! I am here to help you.
