Facebook
X
Pinterest
Copy Link
August is starting off with another increase in active inventory for the Dalton/Whitfield County residential real estate market. After experiencing an increase from 121 active listings at the start of July to 135 active listings at the start of August, where does that leave us?
The 11.5% increase in inventory sounds amazing in our current low inventory environment, but we have actually seen our months supply fall month-over-month from 3.1 months to 2.8 months.
However, when we look at the market conditions compared to August of 2022 we will see a trend towards balancing out. In August 2022, the months supply was at just 2.1 months, but there were 149 active listings at the start of August 2022. Due to the decline in sales we have experienced, the lower inventory is still resulting in a higher months supply.
If the Dalton/Whitfield County market continues to see a rise in active inventory without the sales volume following parallel, we will potentially begin to experience a rapid change in leverage and pricing. However, at this point in time, we should not sound the alarms as we are still in a low inventory environment, at just over 3 months supply, and have experienced an increase in month-over-month sales as I will cover later this month.
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
