For the last five or six years, during recovery from the longest recession in U.S. history; the local real estate market was definitely a Buyers Market. A Buyers Market happens simply when there is a lot of inventory and few buyers. In that situation, a buyer has many choices and may be able to negotiate a price that is substantially less than asking price.

In the past, a Sellers market was based on high demand and escalating prices. Many sellers in that kind of market experience annual appreciation in excess of 10% annually.

So back to the question, Is the Murphy area now a Sellers Market? The answer is a definitive “sort of”. If you are considering selling your home in the Murphy area, the good news is that inventories are low, interest rates are low and the baby boomers are retiring at record rates. Any home that is priced fairly and is in good condition, should have a short market time and may even experience a multiple offer situation; in which case the sales price may exceed the asking price. If you are considering selling your home or cabin in the Murphy area, please give Exit Realty a call. We would love to help you.

Murphy NC Real Estate Sales and Service – Corky Vetten, Broker/CRS/SFR/ Owner-Broker for Exit Realty Mountain View Properties in Murphy North Carolina. Corky Vetten is a Leader in Marketing Homes and Land for Sale in Western North Carolina and North Georgia. When searching for Short Sales, Foreclosures, Investment Properties, New Construction, Second Homes, Vacation Rentals , Primary Homes and Land for Sale, Exit Realty Mountain View Properties is a one stop shop. Corky covers varies areas of Western North Carolina to include; Hayesville, Murphy and Andrews . Corky Vetten also covers areas in North Georgia to include: Blue Ridge, Hiawassee, Blairsville, Young Harris, and Ellijay. For All Your Real Estate Needs contact Corky Vetten at 828-837-2288 or 828-361-0358 at Exit Realty Mountain View Properties 1900 Hwy 64 West, Murphy, NC 28906.