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 listings have enter the market and 146 have sold, with 85 currently under contract. Based on patterns from a year ago, sales are projected to continue to increase, view The Pond Projection below: 322 new listings are projected to come on the market in the next 90 days and 299 are projected to close. As yet, home values show no sign of decreasing. Odds of Selling, for all sellers currently on the market at this time, is 65% [a caution: if you’re thinking of selling, the Odds may be different for the submarket your home is part of], with March 2023 days on the market averaging 78 days to close, and an average of 95% list-to-sell value. The current average per foot value for all sales is $311/square foot. As of March, homes are selling at an average for the past year of 77 per month with a current inventory projected to be 3.4 months.
