Blount County January 2012 Market Stats

January ended with 14 months of inventory — which compared to 26 months of inventory in January of 2011, and worse in 2010 and 2009 — this is quite a nice uptick for our little corner of the world. Given that good news, it’s still just that — good news, not great. Any inventory over 9 months is considered an “extreme buyers’ market”, so we have a way to go before reaching the target of 6 +/- months. Sellers are working hard to make their properties as marketable as possible. Financing is leveling out and buyers are becoming more confident. The market is tentatively looking up, Blount County! Finally!