What's Happening in the Watauga Home Market: October 2023

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In short, the housing market continues to be a wacky market with contradictions that don't make sense to realtors, at least not at in the way they did in the past. For instance, in the Watauga home market, the number of homes sold and under contract has gone done, yet the number we're selling monthly has gone up, the number of months of inventory h...
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September 2023: What's Happening in the Watauga Housing Market?

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September 2023 is an interesting month for property in the High Country. For homes in Watauga and Ashe, the number sold is up.But less are currently under contract.For land, the number sold is the same as August, but the number under contract is up significantly.That's interesting to me because typically September is a slow month in the real estate...
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August 2023: What's Happening in the Watauga Housing Market?

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​ I'm still pondering what makes this market a mystery.The mystery is more apparent in the Watauga housing market than the Ashe housing market. That is, the stats – what's up, what's down, what's holding steady – are all over the place, in inconsistent ways to what we usually see.The number of new home listings is up, and by August that's usually t...
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July 2023: What's Been Happening in the Watauga Housing Market?

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​The Watauga Housing Market continues to be very active, steady in some ways, surprising in others.  July sales are down in numbers, whereas the number under contract has increased, as has the number on the market.  It's worth noting that 17 of the 75 homes sold closed at over $1 Mil, several of them well over $1 Mil, as shown in the Scat...
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June 2023: What's Been Happening in the High Country Land Market?

The High Country land market is holding steady:  approximately same number of parcels on the market, under contract, coming on the market, and selling, plus selling in approximately the same patterns: 
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What's Been Happening in the Market: Watauga Housing June 2023

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I've heard several realtors recently say 'This is a strange market.'  Today, a realtor characterized it as 'goofy.'   To me, that means we're transitioning and don't have a clear handle on where we're headed.  What are the clues?   One is odds of selling.  For the Watauga single family housing market, the odd...
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What Happened in the Market March 2023? The Watauga Housing Market

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Even though 'cooler' than a year ago, the Watauga home market continues to be active. As often happens this time of year, the number of new listings [97 in March] and the number of sales are creeping up [see The Buying Pattern chart below]. View the market flowing in The Pond graph below:  for the past 90 days 213 new home ...
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