December 2024 MLS REPORT
The High Country Real Estate Market of Alleghany, Ashe, Avery, and Watauga Counties saw sales down 24.8%, and inventory was up 2.7% compared to December 2023. In December 2024, there were 121 closed sales on single-family and condo/townhouse properties. The combined closing total for December was $76.6 million. The combined closing total for December in 2023 was $101.1 million. Hurricane Helene is likely attributing to this difference. The combined median sales price for all four counties was $500,000 for December 2024, up 6.4% compared to December 2023.
Nationally: According to a recent National Association of Realtors® report “Home sales momentum is building,” says NAR Chief Economist Lawrence Yun. “More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago and consumers get used to a new normal of mortgage rates between 6% and 7%.”
INVENTORY: Alleghany, Ashe, Avery, and Watauga Counties had 580 active single-family and condo/townhouse listings during December, with 105 new listings coming onto the market. This is a 4.8 supply of inventory, up 36.6% compared to December 2023.
LAND: Our four counties had 1,237 active land listings during December, a 22.5-month supply of local land inventory. This is noticeably up compared to December 2023. Land sales for December 2024 were $5.4 Million.
COMMERCIAL: In December, thirty-four active commercial properties were listed in the High-Country Multiple Listing Service. There were no commercial sales within the four counties in December 2024.
Alleghany County: Realtors closed on eight residential sales. The county's median sales price for December is $263,500, down 7.4% compared to December 2023. There are currently fifty-two active residential listings in the county. Eight land closings were coming in for December, with a median sales price of $63,000. There are currently 215 active land listings in Alleghany County.
Ashe County: Realtors closed on twenty-three residential sales for December, and that median sales price came in at $385,000. Although closed sales were 41.0% down, the median sales price was up 11.6% compared to December 2023. There are 87 active residential properties in the county. There were thirteen land sales for December, and the median sales price was $38,500. There are currently 340 active land listings in Ashe County.
Avery County: Realtors closed on thirty residential properties during December, with a median sales price of $462,500, down 7.5% from December 2023. There are 191 active residential properties currently in Avery County. Avery County saw 8 land sales in December, with a median sales price of $52,500. There are 253 active listings for land in Avery County.
Watauga County: Realtors closed on sixty residential properties in December, and the median sales price was the largest in our counties, at $615,000 up 15.0% from this same time last year. There are 250 active residential properties in the county. There were twenty-five land closings reported, and the median sales price was $38,000. There are currently 429 active listings for land in Watauga County.
Disclaimer: Figures are based on information from the High Country Multiple Listing Service. Data is for informational purposes only and may not be completely accurate due to MLS reporting processes. This data reflects a specific point in time and cannot be used in perpetuity due to the fluctuating nature of markets.
Report graphics generated from Domus Analytics pulled from the HCAR Web API feed. HCAR Realtor® members can access these detailed and customizable reports and graphics for professional use by logging into the HCAR dashboard. A public graphic is available on our website homepage at highcountryrealtors.org.