July 2023 Residential Sales Report/Inventory Report : Dalton/Whitfield County

We are starting July with a significant uptick in Active Inventory for Dalton/Whitfield County. Increasing from 93 homes at the start of June to 121 at the start of July, which is a 30% increase Month-over-Month! What does this tell us?

Well, we can easily see that we experienced a slowdown in our sales volume in June which caused inventory to stack and actually increase our “Months Supply” to 3 months when we have consistently remained near 2 months.

Later this month you will see that the Median Days-on-Market for Active Inventory decreased, which is expected with the large increase in new supply. Interestingly, you will also a drop in DOM for homes sold in June, which goes to show that when a certain location, price range, and condition of property comes to market (priced properly) you will have fast results.

I don’t expect the market to continue to trend in this direction but rather expect demand to increase to soon send inventory downward again. However, this should go to show that our market adjusts quickly, so when pricing a home for sale or making an offer to purchase you need to look at the most recent data.

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