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Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of August!
There were 60 New Listings that came to market in August, which is 10 more than in July, increasing from 50 to 60. Pending Sales trended in the opposite direction as new listings, with only 36 sales currently pending compared to 40 in July. Closed Sales also decreased month-over-month, decreasing from 46 in July to 40 in August.
Median Sales Prices increased 0.9% year-over-year, from $280,000 in August of 2022 to $282,500 in August of 2023, while Average Sales Prices have decreased -5.9% year-over-year, from $303,888 in August of 2022 to $285,978 in August of 2023.
Active inventory Increased slightly month-over-month to 94 Active Listing, from 81 in July. It is worth noting that year-over-year active inventory has increased by 17.5%, from 80 in August 2022 to 94 in August 2023.
Additionally, month-over-month the Months Supply rose to 2.3 months, which is up 21.1% year-over-year from 1.9 months supply and up month-over-month from 2.0 months in July. This gives more options for buyers to choose from both M/M and Y/Y, however, there is still a low supply of inventory historically speaking.
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
