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For the second consecutive month, the Dalton/Whitfield County real estate market has observed a slight increase in Pending Sales at the start of the month, rising from 85 at the beginning of September to 87 at the beginning of October. Understanding the implications of this modest uptick is essential to anticipate future sales in our market.
To gain insights into this trend, let’s delve into the past two months’ Closed Sales alongside the respective Pending Sales at the start of the month. In August, we commenced with 83 Pending Sales and concluded the month with a total of 52 Closed Sales. Conversely, in September, we initiated the month with 85 Pending Sales, yet closed the month with only 40 Closed Sales.
Analyzing the relationship between Pending Sales and Closed Sales, we recognize a correlation. However, due to differing timelines, they do not consistently align precisely. Therefore, the consecutive uptick in Pending Sales doesn’t guarantee a subsequent increase in closed sales at the end of this month. Nevertheless, it does signify consistent movement within the market.
Consistent movement in the market is an encouraging indicator, demonstrating a level of predictability in market dynamics. However, it’s vital to approach this with a cautious eye and monitor this trend closely each month, serving as a precautionary measure for future market conditions.
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
