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March marches in, bringing with it a fresh perspective on the local real estate market. Setting the stage, we dissect the trends amidst the crunch of rising interest rates and a low inventory landscape, exploring what this means for homeowners and potential buyers alike. The decision to buy or sell first is a complex dance, and I'm here to lead you through the steps, offering a helping hand to those ready to make their move in real estate. In addition, we share the exciting developments in Hendersonville, including the groundbreaking of Fairmont Heritage Place at the Cedars, marking a growth spurt for the community we hold dear.
The heartbeat of this episode is our conversation with Maureen Graham, the visionary Executive Director of the Medical Loan Closet. For six decades, this bastion of compassion has outfitted Henderson County with more than just medical equipment; it provides a lifeline of emotional support to those navigating health challenges. The Medical Loan Closet exemplifies the power of recycling and community spirit, and we tease an upcoming event where the melody of live music will celebrate the generosity that courses through our county's veins.
Lastly, the real estate scene in Henderson County unfolds before us like a tapestry of numbers and narratives. With average single-family home prices cresting over $527,000 and inventory at a premium, the importance of precise pricing has never been more apparent. We reflect on the 37% of homes bought with cash, demonstrating resilience in the face of fluctuating interest rates. My team at the George Real Estate Group and I express gratitude for the opportunity to guide families in their real estate journeys and we celebrate the fabric of our community—woven with prosperity, generosity, and a sense of belonging that transcends mere geography.
March marches in, bringing with it a fresh perspective on the local real estate market. Setting the stage, we dissect the trends amidst the crunch of rising interest rates and a low inventory landscape, exploring what this means for homeowners and potential buyers alike. The decision to buy or sell first is a complex dance, and I'm here to lead you through the steps, offering a helping hand to those ready to make their move in real estate. In addition, we share the exciting developments in Hendersonville, including the groundbreaking of Fairmont Heritage Place at the Cedars, marking a growth spurt for the community we hold dear.
The heartbeat of this episode is our conversation with Maureen Graham, the visionary Executive Director of the Medical Loan Closet. For six decades, this bastion of compassion has outfitted Henderson County with more than just medical equipment; it provides a lifeline of emotional support to those navigating health challenges. The Medical Loan Closet exemplifies the power of recycling and community spirit, and we tease an upcoming event where the melody of live music will celebrate the generosity that courses through our county's veins.
Lastly, the real estate scene in Henderson County unfolds before us like a tapestry of numbers and narratives. With average single-family home prices cresting over $527,000 and inventory at a premium, the importance of precise pricing has never been more apparent. We reflect on the 37% of homes bought with cash, demonstrating resilience in the face of fluctuating interest rates. My team at the George Real Estate Group and I express gratitude for the opportunity to guide families in their real estate journeys and we celebrate the fabric of our community—woven with prosperity, generosity, and a sense of belonging that transcends mere geography.