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Big Picture Data: Closings Thru 04/30/2010
| Market |
10 Yr Avg |
2006 |
2007 |
2008 |
2009 |
2010 YTD |
# Active Listings |
| Madison County Homes
Land |
179
178 |
208
360 |
170
180 |
110
81 |
85
44 |
23
5 |
308
550 |
| Yancey County Homes
Land |
58
34 |
120
118 |
104
68 |
77
19 |
68
10 |
17
6 |
284
222 |
| Wolf Laurel Homes
Land |
42
50 |
47
153 |
30
40 |
16
8 |
16
6 |
3
1 |
89
65 |
| Mars Hill (excl W Laurel) Homes (1 acre max)
|
46
|
54
|
45
|
23
|
17
|
3
|
83
|
| Totals Homes
Land |
237
212 |
328
478 |
274
248 |
187
100 |
153
54 |
40
11 |
592
772 |
Commentary
Demand: We measured a 3% rise from the lows
over the last half of 2009. 2010 however is lagging from last
year. Most observers attribute this to historic bad winter
weather. April did little to offset this deficit. The
last 8 months of 2010 will need to be strong to surpass 2009 and
prevent another year of decline for both homes and land.
Supply: Inventories for both homes and land
rose by more than 10% last month. Combined with the poor
demand, any expression of inventories in terms of months of supply
is meaningless at this point.
Source: Regional MLS, deemed reliable, not
guaranteed.
Big Picture Chart Archive:
Previous Charts Located Here.
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