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Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of July!
There were 50 New Listings that came to market in June, which is 16 less than in June, decreasing from 66 to 50. Pending Sales trended in the same direction as new listings, with only 40 sales currently pending compared to 54 in June. Closed Sales saw a decrease month-over-month as well, decreasing from 53 in June to 46 in July.
Median Sales Prices increased 9.1% year-over-year, from $259,000 in July of 2022 to $282,000 in July of 2023, while Average Sales Prices have increased 13.3% year-over-year, from $283,657 in July of 2022 to $321,303 in July of 2023.
Active inventory only dropped slightly month-over-month at 81 Active Listing, but it is worth noting that year-over-year active inventory has increased by 20.9%, from 67 in July of 2022 to 81 in July of 2023.
Additionally, month-over-month the Months Supply remained at 2.0 months, which is up 33.3% year-over-year from 1.5 months supply. This gives more options for buyers to choose from compared to a year ago but there 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
