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Market Reports • September 11, 2023

Dalton/Whitfield County Pending Inventory Report: September 2023

by Jacob Mitchell
In September 2023, the Dalton/Whitfield County real estate market experienced a modest uptick in pending inventory, rising from 83 properties at the beginning of August to 85 at the start of September. This recent pattern of pending sales has demonstrated consistency since May 2023, fluctuating within a range of 82 to 93 pending transactions.
 
It is worth pointing out when we compare the steadiness of pending sales to the active inventory trends over the past five months. During this period, our active inventory has exhibited considerable variation, with numbers ranging from as low as 75 active listings to as high as 135. This stark contrast in the range of 11 units within pending sales and the volatility in active inventory underscores a significant disparity.
 
Sold units, in contrast, align more closely with pending inventory fluctuations, understandably so. From May 2023 onwards, monthly sales have spanned from 38 to 52 units, showcasing a relatively parallel trajectory to pending inventory.
 
Currently, the market experiences minimal fluctuations in demand, evident through the narrow range in both pending and closed sales. However, an erratic active inventory trend signifies a shift in the supply dynamics. If this supply-demand disconnect persists, it may lead to an increase in Days on Market (DOM) or even potential price declines in the 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 • September 3, 2023

Dalton/Whitfield County Residential Inventory Report: September 2023

by Jacob Mitchell
September starts with a noteworthy decline in active inventory, dropping from 135 in August to 123 at the beginning of the month. In contrast to 2022, when inventory increased from August to September (149 to 176), this year shows a persistent shortage of supply, with a 26-unit deficit compared to last September.
 
One factor contributing to this shortage is known as the “lock-in effect,” where homeowners are reluctant to relinquish low-interest rates and affordable monthly payments. While this is not entirely the case for all homeowners it does seem like a likely reason some may be hesitant to list/sell their home.
 
Another significant shift is the year-over-year change in months supply. In September last year, we had 3.6 Months Supply (176 Active Listings, 49 property Sales). Presently, we have dwindled to just 2.3 Months Supply, indicating heightened demand and increased market competitiveness.
 
If you are looking to sell your home right now, you should have comfort knowing that your home is highly likely to attract more eyes as competition has slightly dwindled while sales shifted up both month-over-month and year-over-year. Stay on the look out for my Residential Sales Reports later this month for more information on that.
 
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 • August 24, 2023

July 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 July!
 
There were 50 New Listings that came to market in June, which is 16 less than in June, decreasing from 66 to 50. Pending Sales trended in the same direction as new listings, with only 40 sales currently pending compared to 54 in June. Closed Sales saw a decrease month-over-month as well, decreasing from 53 in June to 46 in July.
 
Median Sales Prices increased 9.1% year-over-year, from $259,000 in July of 2022 to $282,000 in July of 2023, while Average Sales Prices have increased 13.3% year-over-year, from $283,657 in July of 2022 to $321,303 in July of 2023.
 
Active inventory only dropped slightly month-over-month at 81 Active Listing, but it is worth noting that year-over-year active inventory has increased by 20.9%, from 67 in July of 2022 to 81 in July of 2023.
 
Additionally, month-over-month the Months Supply remained at 2.0 months, which is up 33.3% year-over-year from 1.5 months supply. This gives more options for buyers to choose from compared to a year ago but there is still a low supply.
 
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 • August 23, 2023

July 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 July!
 
There were 29 new listings that came to market in July, which is one more than in June. Pending sales fell by 4 units, dow to 18, compared to 22 in June. Closed sales also fell slightly going down from 23 closed sales in June to 22 closed sales in July.
 
Median Sales Price has increased year-over-year by 33%, from $219,995 to $292,500, while Average Sales Price has increased by 41.6%, from $214,166 to $303,264.
 
Months Supply increased month-over-month, going from 2.3 months supply in June to 2.7 in July, and the year-over-year months supply is down by -15.6%, going from 3.2 months in June 2022 to 2.7 Months in June 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 […]
Work & Life • August 9, 2023

Dalton/Whitfield County Residential Sales Price Report: July 2023

by Jacob Mitchell
Despite the growth of active inventory and the increase in median days-on-market, we continue to see Sales Price Growth in all sectors except Median sales price month-over-month. What does this mean for the outlook of our market?
 
In our June Residential Sales Report, we saw that Y/Y growth for the Median Sales Price was just a tenth of a point away from double digits. While June did see good growth, July Sales blew it out of the water with a 23.2% Y/Y Median SP, 34% Y/Y Average SP, and a 19.8% M/M Average SP Increase. The only factor falling behind is the M/M Medians SP, coming in at -2.8%.
 
One thing is for sure, compared to last July, there was much more movement made by people with a higher price range in the Dalton/ Whitfield County Market. However, compared to June 2023, there were more buyers in a lower price range this month than last, but the higher-priced homes that did sell were more expensive than last month as it propped up the Average SP by nearly 20% M/M.
 
It will be interesting to see if such a drastic shift in the market will hold, or if we will see negative percentages next month as the pricing balances out. I suspect we will see a shift back downward in our M/M Average SP as holding a 20% increase is significant for just one month time, but I wouldn’t expect to see a Y/Y fully correct as these numbers may signify as season uptick in demand and the seasonality may adjust in parallel with last year’s.
 
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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Work & Life July 2023 Residential Sales Report Average List Price/Sold Price % : Dalton, Whitfield County Our July 2023 sales had an average of 99% Sold Price to the List Price, Indicating two things. Buyers and sellers are falling very closely in line with pricing on homes that are selling and the degree of competition in the market for homes that are selling.   When we look back to last month […]
Work & Life Work & Life: Ringgold, GA Ringgold, GA is a charming and vibrant city located in the northwest corner of the state. With a population of over 3,600 people, it is a tight-knit community with a strong economy and a variety of business and recreational opportunities. Whether you are a business owner looking to start or expand your company, or an […]
Work & Life Work & Life: Dalton, GA Dalton, GA is a thriving and vibrant city located in the northwest corner of the state. With a population of over 34,000 people, it is a bustling community with a strong economy and a variety of business and recreational opportunities. Whether you are a business owner looking to start or expand your company, or an […]
Work & Life • August 8, 2023

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

by Jacob Mitchell
Our July 2023 sales had an average of 99% Sold Price to the List Price, Indicating two things. Buyers and sellers are falling very closely in line with pricing on homes that are selling and the degree of competition in the market for homes that are selling.
 
When we look back to last month and last year we will see that the average Sold Price to List Price % for both was 97%, so we have experienced a 2% increase from June 2023 and July 2023. There are two sides to this, one is competition and the other is pricing adjustments.
 
When we experience a fall in the Sold/List% we will see that other homes on the market should take note and adjust their pricing to fall in line with what the homes that successfully sell are doing. After proper pricing adjustments buyers and sellers fall back in line which results in a higher Sold price to List price %.
 
However, Competition can do the same thing. With a rise or fall in competition, the Sold/List% can fluctuate to the market’s current demand. When there is a lower demand we are likely to see a fall in the Sold/List% or vice versa when there is an increase in demand we are likely to see a higher Sold/List%.
 
I believe a combination of both competition and pricing adjustment should be credited for the boost in the Sold Price to List Price %, and I don’t think this will be something to necessarily stay completely stable. If we see listings sitting stagnant on the market we are likely to see this trend downward briefly before balancing again, but as long as our market keeps pace with new supply don’t expect drastic fluctuations.
 
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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Work & Life Dalton/Whitfield County Residential Sales Price Report: July 2023 Despite the growth of active inventory and the increase in median days-on-market, we continue to see Sales Price Growth in all sectors except Median sales price month-over-month. What does this mean for the outlook of our market?   In our June Residential Sales Report, we saw that Y/Y growth for the Median Sales Price was […]
Work & Life Work & Life: Ringgold, GA Ringgold, GA is a charming and vibrant city located in the northwest corner of the state. With a population of over 3,600 people, it is a tight-knit community with a strong economy and a variety of business and recreational opportunities. Whether you are a business owner looking to start or expand your company, or an […]
Work & Life Work & Life: Dalton, GA Dalton, GA is a thriving and vibrant city located in the northwest corner of the state. With a population of over 34,000 people, it is a bustling community with a strong economy and a variety of business and recreational opportunities. Whether you are a business owner looking to start or expand your company, or an […]
Market Reports • August 7, 2023

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

by Jacob Mitchell
Days-on-Market trend up for both active inventory and July sales, with the median DOM for July sales going to 15 days compared to 8 days for the June sales, and the Median DOM for active inventory at the start of August coming in at 43 days compared to 41 days at the beginning of July.
 
It is clear that the fall in the median DOM for June sales went hand-in-hand with the low sales volume in June, but both seemed to rebound in July which in turn made both trends up. In our market, buyers are still in a highly competitive field for highly desired homes, so when the overall market briefly slowed the buyers did not back down and continued to shop making the median DOM much lower last month at only 8 days. Now for July, there was a resurgence of buyers in the market with plenty of inventory that has sat slightly longer triggering a higher median DOM.
 
The active inventory’s median DOM followed suit, trending upward, as the inventory that sat after a slow sales month in June has had time to build some time sitting on the market.
 
If we continue to have months with good sales volume and limited new inventory I expect the median DOM to remain low like it has been for some time. However, I believe if sales outpace new listings we will see a decrease in the active inventory DOM. Additionally, I believe if new listings outpace the buyer demand we will still see (to a certain extent) a low median DOM for sales as buyers will compete for the most desirable homes.
 
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 • August 4, 2023

Dalton/Whitfield County Residential Sales Report: July 2023

by Jacob Mitchell
Home sales in Dalton/Whitfield County increased 24% month-over-month, from 38 in June to 47 in July, however, our market movement has fallen 34% year-over-year, from 71 in July of 2022 to 47 in July of 2023.
 
July sales made a comeback, from the June slump and fell back in line with previous months’ sales volume. July had only 4 fewer sales than May(51) and matched April sales(47), so it appears that the fall in sales volume in June(38) was only a temporary decline.
 
After the fall in sales in June we have gained active inventory dramatically, increasing from 93 at the start of June to 135 at the start of August. This has resulted in our market’s months supply increasing, and may potentially give buyers more leverage when looking to purchase a home than they have had in recent months.
 
I do not see any signs of sales increasing to reverse our months supply downward, as we have had fairly consistent pending sales over the past three months (all in the 80s), but that’s not to say the amount of new listings coming to the market couldn’t increase or decrease. I believe a shift in new listing volume will be the main thing to change buying and selling conditions in the market at this point.
 
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 • August 3, 2023

Dalton/Whitfield County Residential Pending Sales Report: August 2023

by Jacob Mitchell
Decrease in Pending Sales month-over-month, going from 88 at the start of July to 83 at to start of August! What does this tell us about the outlook of our market conditions?
 
The -5.7% decrease in Pending Sales is not significant, but it can be viewed as a great tool to predict Closed Sales volume in the coming months. After having a 45% increase in active inventory over a two-month time span, a decline in pending sales does not show up as an encouraging sign of keeping inventory levels stable. Instead, we may expect an increase in inventory levels if new listings continue to outpace buyers purchasing.
 
Depending on what side of the coin you are on, a decline in Sales Closing and Rising Inventory could be a joy to your ears or painful to hear.
 
If you are looking to sell your home, you should know that the inventory levels still remain low, but are trending towards higher levels which will result in your home competing against more homes active on the market.
 
If you are looking to buy, you should know that inventory still moves fast and that our inventory levels are still historically low, but there are more options on the market now than there have been in recent months.
 
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 • August 2, 2023

Dalton/Whitfield County Residential Inventory Report: August 2023

by Jacob Mitchell
August is starting off with another increase in active inventory for the Dalton/Whitfield County residential real estate market. After experiencing an increase from 121 active listings at the start of July to 135 active listings at the start of August, where does that leave us?
 
The 11.5% increase in inventory sounds amazing in our current low inventory environment, but we have actually seen our months supply fall month-over-month from 3.1 months to 2.8 months.
 
However, when we look at the market conditions compared to August of 2022 we will see a trend towards balancing out. In August 2022, the months supply was at just 2.1 months, but there were 149 active listings at the start of August 2022. Due to the decline in sales we have experienced, the lower inventory is still resulting in a higher months supply.
 
If the Dalton/Whitfield County market continues to see a rise in active inventory without the sales volume following parallel, we will potentially begin to experience a rapid change in leverage and pricing. However, at this point in time, we should not sound the alarms as we are still in a low inventory environment, at just over 3 months supply, and have experienced an increase in month-over-month sales as I will cover later this month.
 
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

Related Articles
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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