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BUYING BOOM: Even with pandemic, Blount County real estate sales hopping


Rising home prices, low inventory and high demand for new homes has put Blount County’s housing market in a unique but strong position for buyers and sellers in 2020, Realtors said.
They have had little trouble selling homes to eager buyers, but the primary challenge has been the lack of new houses available on the market, agents said.
“There’s a real shortage of housing units nationwide, not just in Blount County. . There’s been a lack of subdivisions being developed. Blount County and other areas are running out of land,” said Mike Brown of Pinnacle Financial Partners.
The lack of new housing in Blount County has caused intense bidding wars between buyers, along with many offers above listing prices. ....

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