Dalton/Whitfield County Residential Sales Report: September 2023

September marked the second lowest sales month of 2023, surpassing only June’s 38 Closed Sales. Month-over-month, we witnessed a significant drop in sales, plummeting from 52 Sales in August to just 40 in September, reflecting a 23.1% decline.

This fall in sales was accompanied by a stagnant growth in active inventory, holding steady at 123 Active Listings for the second consecutive month. To provide context, a comparison to the past reveals that last year, from August to October, active inventory grew by 25%. However, this year, during the same period, inventory shrunk by 9%. Moreover, a glance at September 2022 Closed Sales shows 46 transactions, which decreased to 40 in 2023.

Drawing from the experience of the previous year, once we witnessed a decline in sales volume, a significant resurgence was not observed until February of 2023. This trend is worth monitoring closely. Sales, much like our inventory, may continue to remain severely low over the approaching holiday season.

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