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BUY NOW While Paulding County Home Sells Have Slumped!

Posted by RCPAP on July 12, 2013
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Over the past several months Paulding County Homes have been selling as fast as you could put a sign in the yard. Now that the the interest rates have risen, things have really slowed down. In the past two months things have drastically changed to again favor buyers. The statistics actually show, the chances of selling Paulding County homes priced between $125,000 and $150,000 have fallen significantly.

The statistics below show the Paulding County market absorption rate and are from June 2013 for Paulding County homes, priced between $125,000 and $150,000

Current number of homes on the market

63
Number of homes that failed to sell in the past 12 months 597
Number of homes that Sold in past 12 months
201
Total number of homes sold per month

16.75
Total Months worth of Inventory

3.8

Percentage

Current number of homes on the market
63

Number of new inventory for this period
15.75

Total Inventory

78.75

Number of Homes that will sell

50.25
63.8%
Number of Homes that will not sell
28.5
36.2%
Average Sold Price during the last 12 months _$132,046_

Here are the percentages over the last 12 months for Paulding County homes ranging from $125K-150K

% of Homes Months Days on
Month that will sell of Inventory Market
July 2012 56.3% 4.3 28
August 2012 54.5% 4.4 28
September 2012 61.7% 3.9 28
October 2012 67.8% 3.5 31
November 2012 79.6% 3.0 31
December 2012 92.1% 2.6 33
January 2013 103.8% 2.3 29
February 2013 108.1% 2.2 37
March 2013 126.9% 1.9 29
April 2013 126.7% 1.9 32
May 2013 89.1% 2.7 32
June 2012 63.8% 3.8 32

The statistics show, in the past two months, the average number of days for Paulding County homes to sell has remained at 32 days. However, the number of months it takes to sell all of the available inventory has gone from 1.9 months to 3.8 months. The biggest change is the 62.9% drop in the percentage of homes that will sell since April. This is a major blow to the housing market, but a EXCELLENT opportunity to buy homes. Great deals are still out there and new ones come on the market daily. Your Paulding County real estate agent can help you find those great deals. So what is a Great deal? For that information, you’ll need to call me at 404 374 1620 or email me at craig@pauldingandpolk.com

There is a lot of free information available to you about buying, selling or investing in Paulding County real estate. For complete information about the Paulding County real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Paulding County real estate at www.pauldingandpolk.com. Please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com

For a FREE List of 3 Plus Bedroom Paulding County Homes under $150,000 with prices, addresses, and descriptions click the link or fill out the form below.