Catawba County which had the greatest share of sales activity in the region, had slightly more than 2,100 closings last year, a decline of only 5.4 percent compared to 2022, when 2,221 properties closed. Pending contracts totaled 2,090 for the year and were down 3.7 percent compared to 2022, when 2,170 properties were recorded in pending status. New listing activity showed sellers listed 2,549 homes for sale last year, a decline of 5.1 percent when compared to new listings in 2022. Both inventory and supply rose by 15.8 percent compared to December 2022. Inventory at report time showed 389 active listings or 2.2 months of supply. Still, due to tight supply, prices increased. The 2023 median sales price rose by 13.2 percent to $300,000, while the 2023 average sales price increased by 2.3 percent to $346,817. The 2023 average list price increased 8.1 percent year-over-year to $393,490, which brought the original list price to sales price measure for the year to 96.7 percent compared to 98.6 percent in 2022. Days on market showed homes sold quickly last year and averaged 34 days on market until sale compared to 21 days on market in 2022.

For more residential-housing market statistics, visit www.CarolinaHome.com and click on “Market Data.” For an interview with 2024 president of Catawba Valley Association of Realtors® Karleta Smith, Realtor®/Broker at Keller Williams Denver, please contact Kim Walker.