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Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of September!
There were 54 New Listings that came to market in September, which is 6 less than in August, declining from 60 to 54. Pending Sales trended in the opposite direction as new listings, with 47 sales currently pending compared to 36 in August. Closed Sales decreased month-over-month, decreasing from 40 in August to 39 in September.
Median Sales Prices increased 7.6% year-over-year, from $266,200 in September of 2022 to $286,420 in September of 2023, while Average Sales Prices have decreased -2.3% year-over-year, from $287,471 in September of 2022 to $280,964 in September of 2023.
Active inventory decreased month-over-month to 84 Active Listing, from 94 in August. It is worth noting that year-over-year active inventory has decreased by 19.6%, from 107 in September 2022 to 84 in September 2023.
Additionally, the Months Supply fell to 2.0 months, which is down -23.1% year-over-year from 2.6 months supply and down month-over-month from 2.3 months in August 2023. This gives less options for buyers to choose from both M/M and Y/Y.
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
