Welcome to the Morganton 2023 Mid-Year Report.
We are as excited as ever for our community, and are confident now is a great time to buy and invest in Burke County, North Carolina. The Morganton area market has softened in sales volume only. While we’ve seen a bump in residential construction, it has not been enough to offset buyer demand. And we expect most price points to move toward a balanced market, or remain a seller’s market, due to our continued low inventory. Looking beyond the local residential real estate market, we’ve seen major investments from our healthcare system with expansions to both Morganton and Valdese campuses, as well as an expansion of the community college with its Construction Trades Solution Center (training in carpentry, masonry, electrical technologies, HVAC, and plumbing) scheduled to open this fall.
Our small-business community continues to flourish with the recent opening of businesses like Foothills Gear Garage, Mimosa Home, and Mountain Burrito’s second location in Valdese, as well as the planned opening of MOrganton COworking (MOCO) this fall. It’s great that others are seeing what we’ve always known…there is no place like Morganton and Burke County!
Please find the downloadable PDF version of our full Morganton area Mid-Year Report here: Morganton_MYR_2023