Danielle Malecek
May 9, 2023
Mills River sales prices increase by 83% year over year
Click her Access the Mills River Market Report for April, 2023
The real estate market in Mills River, North Carolina, continues to be impacted by low inventory, with only 8 homes available for sale in April 2023. The low supply of homes is contributing to the increase in median sales price, which rose 83% year-over-year to $796,750.
The report also highlights the impact of the ongoing COVID-19 pandemic on the real estate market, with many buyers seeking homes with more space and outdoor amenities. The report suggests that this trend may continue in the coming months, with buyers looking for larger homes and outdoor spaces.
Overall, the real estate market in Mills River remains strong, with low inventory and high demand driving up prices and reducing median days on market. The report suggests that the luxury home market in particular is experiencing significant growth in the area. However, the low inventory may continue to be a challenge for buyers looking to enter the market.