Murphy Real Estate Market - View Murphy Real Estate Market Trends in North Carolina

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Murphy. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 828-360-6466
Average Home Price	$175,000 - View Graph Trend

Average Price Compared to Last Year	Up 5-10%

Average Time on Market	More than 120 days

Best Selling Price Range	$100,000 - $149,000

Worst Selling Price Range	$300,000 - $349,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Murphy is	Increasing

Seller Activity for the past 90 days in Murphy is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	Most multiple offer occur when the bank is the seller, one reason is that the banks take too long to respond to offers and the other is the perception that the bank will entertain any 'low Ball' offer.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	If you are dealing with an agressive mortgage company and are qulified, closing can take place in less than 30 days.

Housing Inventory	Good supply - Some Prices

Inventory Comments	There is a decrease in the inventory of new homes, while the supply of existing homes is increasing.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Murphy! Because of its' natural beauty and climate the vacation and retirement homes are maintaining there value and appeal.

Nearest Metro Area	Asheville, North Carolina

Housing Hot Spots	There has been an increase in interest in the Hiwassee Dam area, Bear Paw Views, Grandview falls and unimproved land that boarders Us Forest Service land.

Average Sold Price	$175,000 - View Graph Trend

Murphy Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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