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The Dalton/Whitfield County real estate market is currently experiencing a significant increase in the Median Days on Market (DOM) for residential sales. In contrast, the Active inventory’s Median DOM has seen only a marginal rise. To comprehend our market’s standing, let’s delve into historical data and provide context for this evolving trend.
Looking back over the past six months (March-August), August stands out as the singular month where we witnessed 20 or more Median Days on the Market. A closer examination of the last two months reveals a clear progression: from a median DOM of 8 days in June to 15 days in July, further ascending to 24 days in August. Even comparing to August 2022, with a median DOM of 16 days, we are premature in season for an increase in Median DOM.
While we’re observing notable shifts in the Median DOM for monthly sales, our active inventory seems to maintain relative consistency. Over the past three months, it has consistently stayed within a tight 5-day range, fluctuating from 41 to 46 Median DOM. Although this warrants vigilant monitoring, it typically doesn’t display rapid changes. If sales start to lag, we might see a temporary dip in this number, but a sustained decline in sales could swiftly escalate these figures.
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
