June 2023 Average Sold Price to List Price Sales Report: Dalton/Whitfield County

Here’s something that stayed consistent month-over-month, however, there has been a year-over-year decline, dropping from 99% to 98%. Receiving such a high percentage of the list price not only shows market demand but also proper pricing adjustments for the current market conditions.

The market has seen more leverage fall into the hands of buyers over the past year but with the Average Sold Price to List Price Percentage remaining only two percent from 100%, it is clearly not a market of high leverage for all buyers. Homes that are within the majority of buyers’ price range are still moving at a rapid pace and with little price flexibility, but where buyers are seeing some leverage is in properties that 1) fewer buyers qualify to buy or 2) are less desired by most buyers.

Lastly, to see the Average Sold Price to List Price Percentage remain so high should be no shock when we consistently remain near 2 months of supply and our median Days-on-Market is only 13 days.

Remember, the best way to learn about your local market is through a local realtor, not the national media. While there are factors that play into every market, there are many that differ on the local level. So whenever you need to know about the local market contact me!