Facebook
X
Pinterest
Copy Link
To gain insights into the Dalton/Whitfield County residential market, let’s examine the Median Days on Market (DOM) for both the active inventory and last month’s sales.
In November, there was a notable increase in the median days on market for both active inventory and sales, with a four-day rise in both categories. The November sales now have a median DOM of 25 days, marking the highest since February of this year when it reached 35 days. Interestingly, this aligns precisely with November 2022, which also had a median DOM of 25 days.
Similarly, the active inventory’s median days on market in December has risen, reaching the highest point since February of this year, with a median of 79 days. However, the year-over-year comparison reveals a difference. In December 2022, the median DOM was 72 days. Despite homes lingering on the market longer during this time of the year, the current market maintains a more refreshed inventory compared to a year ago.
Anticipating future trends, it is likely that these metrics will continue to increase, mirroring the pattern observed at the end of 2022 and the beginning of 2023. Expectations include a rise in both metrics, potentially extending through February. Subsequently, as the spring months approach, a decrease in both metrics is anticipated, albeit less drastic than the previous year due to commencing with a lower supply.
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
