Current Housing Market Report February 2025

Here's a summary of the February 2025 Housing Market report for the Catawba Valley Region

• New Listings: Slight increase from 441 to 443 (+0.5%)

• Pending Sales: Increased from 318 to 368 (+15.7%)

• Closed Sales: Increased from 267 to 292 (+9.4%)

• Median Sales Price: Rose from $283,000 to $290,000 (+2.5%)

• Average Sales Price: Increased from $323,155 to $336,281 (+4.1%)

• Percent of Original List Price Received: Slightly up from 94.0% to 94.7% (+0.7%)

• List to Close (days): Increased from 89 to 96 days (+7.9%)

• Days on Market Until Sale: Increased from 49 to 56 days (+14.3%)

• Cumulative Days on Market Until Sale: Increased from 55 to 64 days (+16.4%)

• Average List Price: Significantly increased from $373,108 to $435,412 (+16.7%)

• Inventory of Homes for Sale: Significantly increased from 760 to 971 (+27.8%)

• Months Supply of Inventory: Increased from 2.3 to 2.8 months (+21.7%)