“It may appear premature to declare a housing boom and chronicle an uneven regional recovery, but Vital Signs indicate a major transition.”
So says Neal Hanks in the latest issue of The Real Estate Report, just released for Quarter One 2013.
Consider these year-over-year metrics for Western North Carolina comparing 2012Q1 and 2013Q1:
•Existing home sales are up 21% percent.
•Existing months of inventory for sale are
down 19% percent.
•Median home prices are up 4.8 percent
Watch below for a quick video of Neal and economist Tom Tveidt as they discuss the major points from the report.
For more stats and a detailed analysis of seven counties, go to beverly-hanks.com/reports.