Facebook
X
Pinterest
Copy Link
The Dalton/Whitfield County real estate market has witnessed a noteworthy development after two months of stagnant Active Inventory supply. Active Inventory has surged to 135 listings, marking a 9.7% increase month-over-month. However, compared to the same period last year, this reflects a substantial decrease of -27.5%.
Taking a closer look at recent months, we observe that there was no movement in supply for both September and October, with inventory remaining constant at 123 listings. Now, as November begins, inventory has returned to the level seen in August, with 135 Active Listings. Comparing the months supply in August to November reveals consistency at 2.8 months.
Diving further into the market’s historical context, it’s evident that we currently face a significant inventory shortage compared to the conditions experienced in November 2022. Last year, at the start of November 2022, the market boasted 186 active listings, while only 37 sales were closed in that month. Surprisingly, there wasn’t a substantial influx in inventory after November 2022; instead, inventory gradually continued to decline.
As we move forward, it’s essential to keep an eye on whether there will be a decrease in the number of homes hitting the market during this time of the year, potentially leading to a slowdown in closed transactions. This, in turn, could impact the active listings supply, maintaining a competitive market environment with limited inventory.
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
