The graphs below paint a pretty good picture of how 2008 residential real estate sales to date in Haywood County, NC, including Maggie Valley and Waynesville, compare to the same time period for previous years through 2004. The number of sales have nose-dived down to 2004 levels, and the average days on market this year are the highest recorded during the 5 years reported here. I suspect that if homes on the market are priced lower (i.e., back to 2004/2005 equivalents), we will have a much better opportunity to reverse the direction of both the HOMES SOLD and AVG DOM charts.
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