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Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of November!
There were 51 New Listings that came to market in November, which is 2 less than in October, declining from 53 to 51. Pending Sales trended in the same direction as new listings, with 31 sales currently pending compared to 35 in October. Closed Sales increased slightly month-over-month, going from 40 in October to 44 in November.
Median Sales Prices increased 4.0% year-over-year, from $274,000 in November of 2022 to $285,000 in November of 2023, while Average Sales Prices have increased 8.9% year-over-year, from $291,534 in November of 2022 to $317,503 in November of 2023.
Active inventory increased month-over-month to 100 Active Listing, from 89 in October. It is worth noting that year-over-year active inventory has decreased by -9.1%, from 110 in November 2022 to 100 in November 2023.
Additionally, the Months Supply rose to 2.4 months, which is down -11.1% year-over-year from 2.7 months supply, but up month-over-month from 2.2 months in October 2023. This gives more options for buyers to choose from compared to last month, but compared to last year we are still in a deficit.
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
