October 2023 Residential Sales Report Average List Price/Sold Price % : Dalton, Whitfield County

Following a notable 17.5% increase in closed sales month-over-month, the Dalton/Whitfield County market experienced a 1% rise in the Average Sold Price to List Price Percentage, elevating it from 97% to 98%. This increase aligns logically with heightened demand, prompting considerations for the trajectory of the market in the coming months.

A glance back to October 2022 reveals that the average Sold/List Percentage was at 98%, indicating parity year-over-year. In the subsequent months, a 2% decline was witnessed in November, dropping to 96%, and the figure remained stagnant in December. Comparing last year’s market environment with the current state raises questions about what to anticipate in the upcoming months.

As we are coming off a month-over-month rise in both closed sales and active inventory, attention turns to the approaching holiday season. In 2022, our market experienced a 17.8% fall in closed sales in November compared to October, while the active inventory remained stagnant at 186 listings for both months. If a similar rise in Months Supply occurs as it did last year, we could witness a 1% decrease to 97%. However, at present, there are no indicators pointing towards drastic changes.

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