The Ashe County housing market looks far more steady, than the Watauga housing market, more like what we realtors are likely to say ‘makes sense.’ The number sold is up, a ‘typical’ summer number. The number under contract is holding steady, as is the number on the market. The number of new home listings is down, another ‘typical’ summer number for August.
As The Pond graphs show, more homes came on the market in the past 90 days than closed. That’s typical for summer. The Pond Projection predicts that more than twice as many will close in the next 90 days than come on the market. If that happens, the ‘typical’ Fall pattern of number on the market decreasing may come about.
The Average Time to Close graphs show that it’s taking a bit longer for homes that sell to close in 2023 than in 2022. Nevertheless, the average market values of homes are increasing, from average home values of $387K in 2022 to $428K in 2023 through August 2023.
As is the case in the Watauga market, the number of homes closing in 2023 is less than 2022.
