| Market |
2006 |
2007 |
2008 |
Closed Thru 9/30/09 Project
12/31/09 |
# Listings -
Months Of Supply |
| Madison County Homes
Land |
208
360 |
170
180 |
110
81 |
56 - Project 75
31 - Project 41 |
328 - 52.7 MOS
561 - 162.9 MOS |
| Yancey County Homes
Land |
120
118 |
104
68 |
77
19 |
51 - Project 68
6 - Project 8 |
258 - 45.5 MOS
185 - 277.5 MOS |
| Wolf Laurel Homes
Land |
47
153 |
30
40 |
16
8 |
12 - Project 16
6 - Project 8 |
83 - 62.2 MOS
66 - 99.0 MOS |
| Totals Homes
Land |
328
478 |
274
248 |
187
100 |
107 - Project 143
37 - Project 49 |
586 - 49.3 MOS
736 - 179.0 MOS |
Commentary:
On the demand side of the
equation, the trend for the year has been flat. Our
projections of total closings for the year in all categories changes
by 3 or 4 sales at most from month to month.
On the supply side, inventories for sale remain
elevated. Land inventories are at 15 years of supply, who
knows what that means. Equilibrium, normalcy, etc, remain in
the distance for us on either front, but again, the trend is flat.
Source: Regional MLS, deemed reliable, not
guaranteed.
Last Updated: 10/01/09
Big Picture Chart Archive:
Previous Charts Located Here.
Back to Top
Copyright, Black Bear Realty, Inc, all rights
reserved. Reproduction, redistribution in any form, even for non
commercial purposes, must be done with permission and attribution.
Thank You.
Contact:
Info@BlackBearRE.com
