| Market |
2006 |
2007 |
2008 |
Closed Thru 11/30/09 Project
12/31/09 |
# Listings -
Months Of Supply |
| Madison County Homes
Land |
208
360 |
170
180 |
110
81 |
72 - Project 79
40 - Project 44 |
325 - 49.7 MOS
553 - 152.1 MOS |
| Yancey County Homes
Land |
120
118 |
104
68 |
77
19 |
61 - Project 67
10 - Project 11 |
246 - 44.4 MOS
203 - 223.3 MOS |
| Wolf Laurel Homes
Land |
47
153 |
30
40 |
16
8 |
15 - Project 17
6 - Project 8 |
85 - 62.3 MOS
61 - 111.9 MOS |
| Totals Homes
Land |
328
478 |
274
248 |
187
100 |
133 - Project 146
50 - Project 55 |
571 - 47.2 MOS
756 - 166.3 MOS |
Commentary
Demand: Despite the fact that we have raised
our projections for the year by 8 transactions or so, the
trend must still be called flat.
Supply: Inventories for sale, for both homes
and land dropped slightly in November but can still be measured in
terms of years of supply, not the traditional months of supply.
Something like 18 months of supply or less would be nice to see.
Source: Regional MLS, deemed reliable, not
guaranteed.
Last Updated: 12/01/09
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