How has the Real Estate market fared during the Covid Pandemic in Walker County?
If you are thinking about selling your home, you may be wondering how the Walker county market is doing with the high unemployment rate and the stock market uncertainties. Well, there is good news. The market here has stayed steady considering the economic situation across the US.
In January of 2019, the average price of Single-family residential homes was $234,720. The average days on the market for residential homes was 40 days before it being sold. Before the shutdowns, January 2020 had a slightly higher average price at $239,900 and similar days on the market.
February to May had a slight dip in average price, Total homes sold during this five-month period is 270. The purchase price ranges between $180,000-$219,000. The average selling price was $221,018 for all homes sold.
The last 80 days (6/1/2020-8/19/2020) of this year, 116 homes have been sold at an average price of $231,443. The two highest price ranges that buyers purchased in during this period were between $200,000-$219,000 and $300,000-$349,999.
So, what does this mean for a Seller and a Buyer? For a Seller, it means that if you are considering selling your home, do not be afraid to put your home on the market. Homes are moving despite the Covid. Prices are starting to increase. For Buyers, check out Emblem Properties website to view the homes listed! Mortgage rates are low and there are a variety of loan products available. The market in Walker county is stable so your investment will continue to gain equity.