What Happened in the Market March 2023: Ashe County


Although 'cooler' than a year ago, the home market in Ashe County continues to remain active.  67 homes are currently on the market.  29 sold in March 2023, averaging 87 days from list to closing at an average per foot value of $217/sq ft.  The average sold price is $390K.   The 'cooler' market is visible by comparing the Buying Pattern below for 2022 with the Buying Pattern to date for year 2023.  The inventory remains low yet is flowing.  As the Pond graph below demonstrates in the past 90 days 96 new homes have come on the market and 74 have closed.  The projection, which is based on the 2022 new inventory and sales pattern, projects that in the next 90 days 138 new home listings will come on the market and 137 will sell for a net gain of 1 additional home in the active inventory.  Based on the past 12 months, homes are selling at a rate of 35 per month with 3 months of inventory available.  Odds of Selling for all homes currently on the market in Ashe is 68%.  [A caution to owners thinking of selling:  the Odds of Selling could be different depending on the sub market your home is part of].

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