HOMES

CONTINUED FROM PAGE 10 neighborhoods and pockets of homes both in the town limits and throughout the Blowing Rock zip code (28605). To provide a guide, several neighborhoods are noted later in this article.

The Blowng Rock Real Estate Market

As in most parts of the country, demand for homes in Blowing Rock and the High Country has been extremely high over the past three years, especially since more people can work remotely and spend more time in their second homes. Demand continues to outpace supply and homes are selling at 99% of asking price, but higher interest rates have lengthened the time on market. This has given buyers a little breathing room. Additionally, dramatic price growth has slowed.

INVENTORY AND INTEREST RATES:

Reduced home inventory and higher interest rates have served to slow sales, although almost all local Realtors report that demand continues to be very high and that they have numerous buyers waiting for the right home to hit the market.

Home inventory is -14.0% lower than it was in 2022. Many homeowners refinanced their homes when interest rates were low, and the higher rates have dampened a desire to

SEE HOMES ON PAGE 12