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Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of May!
There were 54 new homes that came on the market in March, which is only 4 more than the 49 homes that sold during the month! Calhoun/Gordon County had 16 more sales in May than in April, which is a near 50% increase M/M. You may wonder how the outlook for sales looks, and you’d be pleased to see that the Pending Sales only dropped by 2 homes M/M, from 48 to 46.
Median Sale prices increased by 10.6% Year-over-Year, from $253,151 to $280,000, while the Average Sales Prices have increased by 21.3% Year-over-Year, from $248,923 to $301,987.
Active Inventory fell from month-over-month, from 89 to 83 homes on the market, while the year-over-year inventory increased by 51% from 55 in May of 2022 to 83 in May of 2023.
The Calhoun/Gordon County market declined from 2.2 Months Supply to 2.0 Months Supply, due to the increase in sales volume and decline in Active Inventory. Overall, the market is still in a better place than it was in May of 2022 when there was only a 1.3 Months Supply of Inventory.
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!
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty
