Market Reports July 23, 2023

June 2023 Residential Market Report: Calhoun/ Gordon County

Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of June!
 
There were 66 New Listing that came to market in June, which is 12 more than in May, Increasing from 54 to 66. Pending Sales however matched the units for last month’s New Listing, with 54 sales currently pending. Closed Sales saw a slight increase month-over-month, increasing from 49 in May to 53 in June.
 
Median Sales Price increased 8.8% year-over-year, from $266,500 in June of 2022 to $290,000 in June of 2023, while Average Sales Prices have increased 18.3% year-over-year, from $294,526 in June of 2022 to $348,384 in June of 2023.
 
Active inventory remained the same month-over-month at 83 Active Listing, but it is worth noting that year-over-year active inventory has increased 23.5%, from 68 in June of 2022 to 83 in June of 2023.
 
Additionally, month-over-month the Months Supply remained at 2.0 months, which is up 25% year-over-year from 1.6 months supply. This gives more options for buyers to choose from compared to a year ago, but is still a low supply.
 
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