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Market Reports • November 21, 2023

Dalton/Whitfield County Residential Sales Price Report: October 2023

by Jacob Mitchell
In October, the Dalton/Whitfield County residential real estate market exhibited a substantial year-over-year increase in both Median and Average Sales Prices. However, there was a notable dip in the month-over-month average, while the median only showed a minor pullback.
 
The significant rise in year-over-year sales prices, with both the median and average experiencing over a 7.5% increase, presents a promising outlook for homeowners. This positive trend persists even as demand may have eased due to the continued rise in interest rates. A contributing factor to this trend could be the market’s low supply of inventory, evidenced by the 27.5% Y/Y decrease in active inventory in November 2023.
 
Examining the average and median sales prices throughout 2023 reveals that we are currently near the middle of the range this month. The median sales prices fluctuated between a low of $216,500 and a high of $272,500, with a notable rise from the early part of the year. Similarly, the average sales price bottomed out in the first quarter of 2023 at $250,220 and reached its peak at $349,119 during the summer months. This month’s statistics could serve as a good indicator of what the overall 2023 numbers will look like.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 16, 2023

October 2023 Residential Sales Report Average List Price/Sold Price % : Dalton, Whitfield County

by Jacob Mitchell

Following a notable 17.5% increase in closed sales month-over-month, the Dalton/Whitfield County market experienced a 1% rise in the Average Sold Price to List Price Percentage, elevating it from 97% to 98%. This increase aligns logically with heightened demand, prompting considerations for the trajectory of the market in the coming months.

A glance back to October 2022 reveals that the average Sold/List Percentage was at 98%, indicating parity year-over-year. In the subsequent months, a 2% decline was witnessed in November, dropping to 96%, and the figure remained stagnant in December. Comparing last year’s market environment with the current state raises questions about what to anticipate in the upcoming months.

As we are coming off a month-over-month rise in both closed sales and active inventory, attention turns to the approaching holiday season. In 2022, our market experienced a 17.8% fall in closed sales in November compared to October, while the active inventory remained stagnant at 186 listings for both months. If a similar rise in Months Supply occurs as it did last year, we could witness a 1% decrease to 97%. However, at present, there are no indicators pointing towards drastic changes.

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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 9, 2023

Dalton/Whitfield County Residential Sales Days on Market Report: October 2023

by Jacob Mitchell
For an understanding of the pace of our residential real estate market in Dalton/Whitfield County, we’ll examine the current data and compare it to previous months and last year, providing a comprehensive view of the market’s climate.
 
In October, our closed sales demonstrated an increase in the median Days on Market (DOM), rising from a mere 17 DOM in September to 21 in October. This indicates a relatively quick moving market, particularly for homes priced competitively. A broader historical context reveals that the median DOM for residential sales in October 2022 was 23 DOM. Therefore, year-over-year, our market is still operating at a faster pace than the previous year.
 
Moving into November, we observed a slight increase in the median DOM for active inventory, which reached 51 DOM, up by just 1 day from October’s median of 50 days. This trend has been consistent since July, when the median DOM stood at 41 days. A look back to November 2022 indicates a median DOM for active inventory of 62 days, and it continued to rise until March 2023 when the median DOM dropped significantly by over 50%.
 
Historical patterns suggest that we can anticipate a gradual increase in the median DOM for both residential sales and active inventory as we enter the holiday season. However, in our inventory-depleted market, it won’t take substantial amounts of new inventory to maintain a low median for active listings. Well-priced properties have the potential to sell quickly, possibly yielding similar results in the residential sales data.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 7, 2023

Dalton/Whitfield County Residential Sales Report: October 2023

by Jacob Mitchell
Following a sluggish September, where we witnessed the second lowest sales month of the year, the Dalton/Whitfield County market saw a significant response in October. Sales rebounded, surging by 17.5% month-over-month, which might initially seem like a positive development. However, a more in-depth examination reveals a nuanced scenario.
 
Comparing the data to October 2022, we observe that sales have increased year-over-year by 4.4%, climbing from 45 to 47 closed sales. Yet, it’s essential to consider the broader market context. In October 2022, there were 186 active listings, while now, there are only 135 active listings. Consequently, the months supply has dropped from over 4.1 months supply to just 2.9 months supply year-over-year.
 
The impact of the fall in active inventory, coupled with increased sales numbers, has both positive and negative implications, depending on one’s perspective. For sellers, the heightened competition can potentially drive up prices for some homes, providing a favorable scenario. However, for buyers, this heightened competition might create a more challenging environment.
 
Looking ahead, if historical trends repeat, we can anticipate relatively stagnant sales through the holiday season. This could be followed by an increase in sales in mid Q-1 of 2024. However, the drop in pending sales suggests a potential decline in closed sales next month, introducing an element of uncertainty.
 
Jacob B. Mitchell
Cell: 706-581-6401
Office: 706-226-5182
Email: AgentJacobMitchell@gmail.com
www.RealtorJacobMitchell.com
Coldwell Banker Kinard Realty

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 7, 2023

Dalton/Whitfield County Pending Inventory Report: November 2023

by Jacob Mitchell
The Dalton/Whitfield County real estate market has witnessed a significant drop in Pending Sales at the start of November, falling from 87 at the beginning of October to 68. This marks a substantial decline of 21.9%, raising questions about the implications for our local real estate market.
 
To provide context, it’s worth noting that, since the start of my tracking of pending sales data in April this year, we haven’t seen a month with pending sales dipping below 82. Therefore, the drop to 68 Pending Sales is quite surprising. However, when we explore historical trends in closed sales for the same period, the decline may align more with typical market fluctuations.
 
Last year, there was a -17.8% decline in closed transactions from October to November. Considering that Pending Sales serve as a rough forecast of future closed sales, it’s plausible that we are witnessing standard market swings as the holiday season approaches and market activity slows. A promising sign is that the number of closed sales this October, which will be detailed in a later report, shows a 4.4% increase in closed transactions compared to the previous year.
 
While our market’s movement appears to be in line with recent history, the notable factor is the reduced rate at which new listings are coming to the market. Year-over-year, our active inventory supply has decreased by -33.9%. Without either a more significant decline in closed sales or a substantial increase in listings entering the market, it appears that we will continue to operate within a low supply market for the foreseeable future.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • November 2, 2023

Dalton/Whitfield County Residential Inventory Report: November 2023

by Jacob Mitchell
The Dalton/Whitfield County real estate market has witnessed a noteworthy development after two months of stagnant Active Inventory supply. Active Inventory has surged to 135 listings, marking a 9.7% increase month-over-month. However, compared to the same period last year, this reflects a substantial decrease of -27.5%.
 
Taking a closer look at recent months, we observe that there was no movement in supply for both September and October, with inventory remaining constant at 123 listings. Now, as November begins, inventory has returned to the level seen in August, with 135 Active Listings. Comparing the months supply in August to November reveals consistency at 2.8 months.
 
Diving further into the market’s historical context, it’s evident that we currently face a significant inventory shortage compared to the conditions experienced in November 2022. Last year, at the start of November 2022, the market boasted 186 active listings, while only 37 sales were closed in that month. Surprisingly, there wasn’t a substantial influx in inventory after November 2022; instead, inventory gradually continued to decline.
 
As we move forward, it’s essential to keep an eye on whether there will be a decrease in the number of homes hitting the market during this time of the year, potentially leading to a slowdown in closed transactions. This, in turn, could impact the active listings supply, maintaining a competitive market environment with limited inventory.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • October 25, 2023

September 2023 Residential Market Report: Calhoun/Gordon County

by Jacob Mitchell
Let’s take a quick look at the Calhoun/Gordon County Market Report for the month of September!
 
There were 54 New Listings that came to market in September, which is 6 less than in August, declining from 60 to 54. Pending Sales trended in the opposite direction as new listings, with 47 sales currently pending compared to 36 in August. Closed Sales decreased month-over-month, decreasing from 40 in August to 39 in September.
 
Median Sales Prices increased 7.6% year-over-year, from $266,200 in September of 2022 to $286,420 in September of 2023, while Average Sales Prices have decreased -2.3% year-over-year, from $287,471 in September of 2022 to $280,964 in September of 2023.
 
Active inventory decreased month-over-month to 84 Active Listing, from 94 in August. It is worth noting that year-over-year active inventory has decreased by 19.6%, from 107 in September 2022 to 84 in September 2023.
 
Additionally, the Months Supply fell to 2.0 months, which is down -23.1% year-over-year from 2.6 months supply and down month-over-month from 2.3 months in August 2023. This gives less options for buyers to choose from both M/M and Y/Y.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • October 24, 2023

September 2023 Residential Market Report: Chatsworth/Murray County

by Jacob Mitchell
Let’s take a quick look at the Chatsworth/Murray County Market Report for the month of September!
 
There were 31 new listings that came to market in August, which is 2 less than in August. Pending sales fell by 10 units, down to 20, compared to 30 in August. Closed sales increased slightly, going up from 21 closed sales in August to 27 closed sales in September.
 
Median Sales Price has increased year-over-year by 26.2%, from $210,000 to $265,000, while Average Sales Price has increased by 25.7%, from $249,689 to $313,750.
 
Months Supply increased month-over-month, going from 2.5 months supply in August to 2.9 in September, and the year-over-year months supply is up by 3.6%, going from 2.8 months in September 2022 to 2.9 Months in September 2023.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • October 23, 2023

Dalton/Whitfield County Residential Sales Price Report: September 2023

by Jacob Mitchell
In September, the Dalton/Whitfield County residential real estate market exhibited a modest year-over-year increase in both Median and Average Sales Prices. Furthermore, month-over-month prices rebounded with positive increases, following a dip in the previous month.
 
Notably, both the Median and Average Sales Price increases remained under 3% year-over-year in September. This subtle growth in pricing should be acknowledged as a positive sign for our market, especially in light of the significant increases in interest rates over this period. Our market not only managed to hold its pricing but also experienced a modest rise in sales prices, defying the challenges posed by rising interest rates.
 
In August, a notable decrease was observed in the month-over-month Average Sales Price, with a decrease of -21.7%. Therefore, witnessing a bounce back from this temporary fall in the subsequent month is not entirely surprising. A similar pattern was seen in the month-over-month Median Sales Price. In August, we experienced a near 7% decline, and in September, the market found its balance with a modest 3.4% increase.
 
It is crucial to recognize that month-over-month fluctuations are delicate and can shift swiftly in either direction. Nonetheless, they serve as valuable data points to track and understand the market’s dynamic trends.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
Market Reports • October 20, 2023

September 2023 Residential Sales Report Average List Price/Sold Price % : Dalton, Whitfield County

by Jacob Mitchell
Amidst the Dalton/Whitfield County’s decelerated pace in closed sales and stagnant growth in active inventory, our market has experienced a noticeable decline in the average sold price to list price percentage. This percentage dropped from 99% in August to 97% in September, signifying that sellers have had to be more flexible with their list prices to stimulate buyer interest.
 
The market had recently seen back-to-back months at a 99% Average Sold to List Price Percentages in July and August. However, September’s 97% mirrors the performance in June, reflecting a period characterized by lower sales volume.
 
Both June and September shared the commonality of lower sales volume. June witnessed the lowest volume of closed sales in 2023, with 38 closed transactions, while September ranks as the second lowest monthly sales volume, with 40 closed sales. This correlation underscores the fact that as demand weakens, the percentage of the list price that sellers can expect to receive may decrease.
 
On a positive note, Pending Sales increased by 2 units month-over-month from September to October. This uptick in Pending Sales could potentially translate into more closed sales and increased demand in the forthcoming months. However, it’s important to acknowledge that the holiday season typically represents a slowdown in the real estate market. If sellers fail to adjust pricing in accordance with current market conditions, the trend of a lower Sold/List Percentage may persist.
 
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

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Market Reports Dalton/Whitfield County Residential Sales Report: February 2024 Curious how sales have been in our Dalton/Whitfield County residential real estate market? Let’s take a look at February 2024 sales data!   We are seeing signs of movement in the right direction as our market had it’s second consecutive month of positive growth, up 12 units from the December low of 28 sales. However, […]
Market Reports Dalton/Whitfield County Pending Inventory Report: March 2024 Let’s look into how our Dalton/Whitfield County residential market started March in terms of Pending Sales!   We saw a 6.85% Increase M/M, from 73 at the start of February to 78 in March. This continues a streak of positive growth in pending sales for the third month in a row, up 13 units from […]
Market Reports Dalton/Whitfield County Residential Inventory Report: March 2024 Let’s take a look at how the Dalton/Whitfield County residential market started in March! We saw a very slight dip in our active inventory this month, going from 136 at the beginning of February to 133 at the start of March. This -2.2% fall in active inventory is very minimal, but shows a rising demand […]
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