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In September 2023, the Dalton/Whitfield County real estate market experienced a modest uptick in pending inventory, rising from 83 properties at the beginning of August to 85 at the start of September. This recent pattern of pending sales has demonstrated consistency since May 2023, fluctuating within a range of 82 to 93 pending transactions.
It is worth pointing out when we compare the steadiness of pending sales to the active inventory trends over the past five months. During this period, our active inventory has exhibited considerable variation, with numbers ranging from as low as 75 active listings to as high as 135. This stark contrast in the range of 11 units within pending sales and the volatility in active inventory underscores a significant disparity.
Sold units, in contrast, align more closely with pending inventory fluctuations, understandably so. From May 2023 onwards, monthly sales have spanned from 38 to 52 units, showcasing a relatively parallel trajectory to pending inventory.
Currently, the market experiences minimal fluctuations in demand, evident through the narrow range in both pending and closed sales. However, an erratic active inventory trend signifies a shift in the supply dynamics. If this supply-demand disconnect persists, it may lead to an increase in Days on Market (DOM) or even potential price declines in the future.
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
