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 has gone down, the days on the market has decreased, and the Odds of Selling has increased to the better for sellers.Those are contradictions per past markets.

My thinking continues to be that there are several different types of changes going on in the market.It's not clear what the changes are, though I do have a new theory I'm looking forward to testing. 

Please do contact me if you have questions about these graphs:


 

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