What an interesting year this is proving to be. The big overall picture is the number of homes on the market and that it is not going to be possible to sell all of them
currently on the market given the number of buyers.

That explains the large number of price reductions in homes occurring every day. There are not enough buyers to view all the homes on the market. Some homes get very few or no showings and it becomes obvious that to sell those homes,
something has to shift, most often a price reduction. Or, the seller can offer
concessions [money at closing for the buyer to use to buy down their interest rate or to pay closing costs, for example].

Nevertheless, the number of sales has increased monthly. For the Watauga home market, In the last two months 2-3 times as many homes sold during the month as during the first 6 months of 2025! As I said, it’s an interesting year. View the Buying Pattern graphs below.

Despite the number of price reductions, October shows an increase in sales value over the sales values in 2024. It’s a modest increase. See the Average Time to Close graphs below. The average closed price for Watauga homes in 2024 was $793K. In October the average sales value of homes was $804K; the median was $603K.

The Scattergram Pricing graph shows you the size and sales values of homes sold during October.

The Odds of Selling a home in the Watauga Market are 53%, with 72 selling per month, and a 5.6 month ahead of inventory.

The Real Estate Pond tells us the market continues to be strongly in favor of buyers.