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In the Dalton/Whitfield County real estate market, we are currently observing a potential slowdown in the pace at which homes are going under contract. However, there is encouraging news regarding the Average Sales Price to List Price percentage, which remains at 99% for the second consecutive month. This consistency suggests that homeowners and realtors are adept at accurately pricing properties, effectively attracting prospective buyers.
These statistics have maintained stability throughout 2023, typically ranging from 97% to 99%, with a minor dip to 95% in February. This pattern conveys two crucial aspects about our local market. Firstly, demand remains steady without a drastic decline, and supply isn’t escalating to unprecedented levels. Secondly, homeowners and realtors demonstrate agility in responding to market conditions by accurately pricing homes within the desired price points of potential buyers.
Understanding that supply and demand dynamics significantly influence the Average Sold Price to List Price percentage, our focus shifts to the upcoming fall and winter seasons. Monitoring Active Inventory levels during this period is crucial, as they could potentially influence a decline in this percentage. However, if we manage to maintain our inventory near the 2-3 months supply range, it’s likely that we will sustain an Average Sold Price to List Price percentage between 97% to 99%.
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
