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Navigating Hot Markets and First-Time Buying: Real Estate Insights
The Henderson County real estate market is shifting in fascinating ways. While homes stay on the market longer—now averaging 63 days before going under contract (up 37% from last year)—closed sales have actually increased by 9%. This creates unique opportunities and challenges depending on where you stand in your real estate journey.
For sellers, the landscape has evolved. There's been a substantial 14.5% increase in new listings, yet buyers remain active and homes are still commanding 95.7% of their original list price. The slight cooling in median sales price (now $440,000, down 2%) represents not a crash but a return to more sustainable appreciation after years of exceptional growth. If you're considering selling, strategic pricing from day one has become even more critical as buyers have more options and take more time to decide.
First-time homebuyers face a different set of considerations in today's market. Getting pre-approved before house hunting isn't just good advice—it's essential for avoiding heartbreak and wasted time. Understanding what you can truly afford means looking beyond just the mortgage payment to account for taxes, insurance, HOA fees, and utilities. And while it's tempting to skip inspections in an effort to make your offer stand out, doing so often leads to costly surprises down the road. Remember, your first home doesn't need to be your forever home—starting with something manageable that builds equity is often the wisest approach.
For those navigating the tricky waters of buying and selling simultaneously, careful planning makes all the difference. Selling first provides budget clarity and strengthens your position as a buyer, but may require temporary housing arrangements. Buying first eliminates the need to move twice but typically means carrying two mortgages temporarily and potentially making contingent offers that are less competitive.
The George Real Estate Group has guided over 1,500 families through these exact scenarios. Whether you're planning your next move now or months in the future, we'd love to provide clarity about your unique situation. Call us at 828-393-0134 or visit realestatebygregcom to start the conversation with no pressure, just professional guidance tailored to where you are in your real estate journey.
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By George Real Estate GroupThe Henderson County real estate market is shifting in fascinating ways. While homes stay on the market longer—now averaging 63 days before going under contract (up 37% from last year)—closed sales have actually increased by 9%. This creates unique opportunities and challenges depending on where you stand in your real estate journey.
For sellers, the landscape has evolved. There's been a substantial 14.5% increase in new listings, yet buyers remain active and homes are still commanding 95.7% of their original list price. The slight cooling in median sales price (now $440,000, down 2%) represents not a crash but a return to more sustainable appreciation after years of exceptional growth. If you're considering selling, strategic pricing from day one has become even more critical as buyers have more options and take more time to decide.
First-time homebuyers face a different set of considerations in today's market. Getting pre-approved before house hunting isn't just good advice—it's essential for avoiding heartbreak and wasted time. Understanding what you can truly afford means looking beyond just the mortgage payment to account for taxes, insurance, HOA fees, and utilities. And while it's tempting to skip inspections in an effort to make your offer stand out, doing so often leads to costly surprises down the road. Remember, your first home doesn't need to be your forever home—starting with something manageable that builds equity is often the wisest approach.
For those navigating the tricky waters of buying and selling simultaneously, careful planning makes all the difference. Selling first provides budget clarity and strengthens your position as a buyer, but may require temporary housing arrangements. Buying first eliminates the need to move twice but typically means carrying two mortgages temporarily and potentially making contingent offers that are less competitive.
The George Real Estate Group has guided over 1,500 families through these exact scenarios. Whether you're planning your next move now or months in the future, we'd love to provide clarity about your unique situation. Call us at 828-393-0134 or visit realestatebygregcom to start the conversation with no pressure, just professional guidance tailored to where you are in your real estate journey.