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As we step into the new year, the Dalton/Whitfield County residential real estate market shows signs of a slow start in pending sales for January 2024. The month witnessed a marginal uptick from 65 to 67 pending sales compared to the previous month. The question arises: What can we expect in terms of pending sales volume in the coming months?
While specific year-over-year data is unavailable, a retrospective analysis of 2023 trends provides valuable insights. January 2024 may see a gradual initiation of closed sales, potentially ranging from the low to mid-thirties—a moderate increase from the holiday season. However, historical patterns suggest a dip in closed sales for January, followed by a rebound in February.
Looking ahead, an increase in pending sales is anticipated in the next month as market activity typically picks up after the holiday period. Factors such as evolving interest rates and adjustments in inventory supply will play pivotal roles in shaping market dynamics for both buyers and sellers. Vigilantly observing these trends will yield a clearer understanding of the shifting market conditions in early 2024.
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
