Dalton/Whitfield County Residential Sales Report: December 2023

December marked the conclusion of 2023 with the Dalton/Whitfield County residential market reporting the lowest number of month-end closed sales. Although the difference was merely one unit compared to November’s 29 closed sales, it reflected a substantial 19-unit drop year-over-year.

Interestingly, this deviation from the 2022 trend, which witnessed an increase in closed sales from November to December, prompts a closer examination of upcoming market dynamics. In January of the previous year, there was a 5-unit decline following a 10-unit month-over-month increase at the end of 2022.

Analyzing recent trends, the market has started the past three months with pending sales in the mid to upper sixty’s range. The limited growth in pending sales data raises concerns about a significant jump in closed transactions for January. However, considering that the holiday season may have temporarily sidelined many buyers, the market has observed a 19-unit increase in active inventory since September, positioning it for potential growth in pending sales in January.

Anticipating a rise in pending sales but only a slight increase (if any) in closed sales for January, the evolving market conditions will be crucial to monitor as the impact of increased inventory and the conclusion of the holiday season 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