Current Housing Market Report August 2024

Here's a summary of the August 2024 Housing Market report for the Catawba Valley Region:

• New Listings: Up by 15.2%, with 516 new listings in August 2024 compared to 448 in August 2023.

• Pending Sales: Increased by 10.7%, from 366 in August 2023 to 405 in August 2024.

• Closed Sales: Decreased slightly by 2.7%, with 360 closed sales in August 2024.

• Median Sales Price: Dropped by 5.6%, from $307,334 in 2023 to $290,000 in 2024.

• Average Sales Price: Increased by 5.9%, reaching $355,222 in August 2024.

• Inventory of Homes for Sale: Significantly up by 57.5%, from 638 homes in 2023 to 1,005 in 2024.

• Months Supply of Inventory: Increased by 50%, indicating a rise from 2.0 months to 3.0 months.