Our market is severely lacking affordable residential real estate listings. In fact, the under $200,000 segment of our Sevier County residential market has very few suitable properties available for sale. For example, if you are searching for a 3 bedroom (or more), 2 bathroom (or more) home with at least 1500 square feet of finished space, for under $200,000 there are only 36 total listings available in Sevier County that match these specs. Furthermore, the median asking price of these listings is over $186,000. There just isn’t much available and this is one major reason why sales have slowed. There just isn’t enough inventory available for buyers to consider. My, how the market has changed compared to a few years ago when it was such a buyer’s market!
If you are even thinking of selling, now is a great time to list your property. Please let us know if you would like to chat about what your property can bring in today’s market!