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The Dalton/Whitfield County real estate market remains on a positive trajectory, showcasing consistent growth in sales volume both month-over-month and year-over-year. In the most recent analysis, we observed an increase of 5 sales compared to the previous month, translating to a 10.6% surge. Additionally, there was a 6.1% increase in sales compared to the same period last year, reflecting a steady upward trend.
This sales momentum positions the market favorably for sellers, especially with a diminishing inventory and the concurrent rise in sales. The current months supply of inventory stands at 2.3 months, a notable improvement from the 3 months supply witnessed in September 2022. This decrease in inventory offers a competitive edge to sellers, given the limited homes available for sale. However, historical patterns suggest an impending shift in this landscape.
As the seasons transition, a customary dip in buyer demand is anticipated, historically observed with a 10% reduction from August to October in 2022. Coinciding with this trend, the inventory experienced a 25% growth during the same period. If history repeats itself this year, we could foresee an increase in inventory to approximately 153 units within the next two months, accompanied by a decrease in sales to around 47 units. While the decline in sales may not seem substantial, when coupled with the rise in supply, it significantly impacts our months supply, potentially altering market dynamics.
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
