Facebook
X
Pinterest
Copy Link
In January 2024, the Dalton/Whitfield County residential real estate market continued the upward trend observed in the final month of 2023, reaching a year-high of 138 active listings a month ago, we now reach 142 at the beginning of the 2024. This represents a significant 19.3% year-over-year increase, rising from 119 active listings in January 2023.
The continuous surge in active inventory prompts considerations about its implications for the market. The notable month-over-month increase coincided with a 2023 low in closed sales, suggesting a potential correction in inventory levels in the upcoming months. While the exact number of homes entering the market remains challenging to forecast, an increase in demand is anticipated, especially following the lowest recorded sales month in 2023 paired with declining interest rates.
If historical trends from 2023 are an indicator, the market may witness a steady decline in active inventory starting in the subsequent months as more buyers enter the market. However, the drop in interest rates could encourage current homeowners to list their properties, contributing to a potential increase in active listings. Ongoing monitoring of these trends will provide a clearer understanding of the market dynamics as 2024 unfolds.
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
