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In December 2023, the Dalton/Whitfield County residential real estate market demonstrated noteworthy trends in its sales price data, even as it recorded the lowest number of total sales for the year.
Median Sales Price:
The Median Sales Price experienced substantial value increases both in year-over-year (Y/Y) and month-over-month (M/M) comparisons. With double-digit increases, it suggests that the 28 closed sales in December were situated in higher price ranges compared to previous months. Following an -11.8% M/M decline in November, December marked the highest Median Sales Price for the entire year.
Average Sales Price:
The Average Sales Price showcased significant increases in both Y/Y and M/M comparisons. The 8.8% M/M increase fell within a more typical range. Positioned around the middle of the pack for the year, it displayed a $66,000 difference between the highest and only a $32,000 difference between the lowest point.
As the Average Sales Price in December aligns with market trends, the Median Sales Price reached its peak for 2023. Foreseeing a temporary decline in both data points from December, however the market may still witness Y/Y growth as it enters the new year.
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
