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In the Dalton/Whitfield County residential real estate market, tracking the average sold price to list price percentage is crucial as it serves as a broad indicator of buyer demand and pricing accuracy. Examining the November sales data reveals insights into this ratio.
The significant decline in closed transactions from October to November is mirrored on a smaller scale in the average Sold Price to List Price ratio. October recorded a ratio of 98%, while November saw a slight dip to 97%. This suggests a minor reduction in buyer demand, prompting sellers to adjust their pricing strategies to facilitate transactions.
The current period often marks the beginning of a slower season, yet with proper pricing adjustments, buyer interest can still be stimulated. Sellers keen on a swift move might find themselves reconsidering their prices. However, a substantial decrease is not anticipated, considering the year-to-date low at 95% in February. With a lower inventory supply, the prevailing demand should support maintaining the ratio at 97% and above.
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
