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In November, the Dalton/Whitfield County residential real estate market presented a mix of signals, offering insights into the current market conditions. Examining various segments of the data reveals both positive and declining trends.
Firstly, the median sales price demonstrated resilience, posting a 2.3% increase compared to the same period last year, reaching $225,000. However, a notable month-over-month shift was observed, with an 11.8% decline. While monthly fluctuations are common, the positive aspect lies in the continued year-over-year growth, maintaining positivity since April of the current year.
Conversely, both year-over-year and month-over-month data points for the average sales price experienced a decline in November, signaling a decrease in higher-end market movement. Although the average price remains within the range observed throughout 2023, November marked the first month with a year-over-year decline since March. The month-to-month data fluctuates, showcasing variability from a high of $349,119 in July to a low of $250,220 in March. The pullback in higher-end sales influencing the average sales price could potentially be a seasonal trait, which can be monitored in the coming months.
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
