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Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of October!
There were 53 New Listings that came to market in September, which is 1 less than in September, declining from 54 to 53. Pending Sales trended in the same direction as new listings, with 35 sales currently pending compared to 47 in September. Closed Sales increased slightly month-over-month, going from 39 in September to 40 in October.
Median Sales Prices increased 2.6% year-over-year, from $273,000 in October of 2022 to $280,000 in October of 2023, while Average Sales Prices have decreased -38.2% year-over-year, from $512,595 in October of 2022 to $316,927 in October of 2023.
Active inventory increased month-over-month to 89 Active Listing, from 84 in September. It is worth noting that year-over-year active inventory has decreased by -21.9%, from 114 in September 2022 to 89 in October 2023.
Additionally, the Months Supply rose to 2.2 months, which is down -21.4% year-over-year from 2.8 months supply, but up month-over-month from 2.0 months in September 2023. This gives more options for buyers to choose from both M/M, but compared to last year down significantly.
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
