The chances of selling Paulding County homes has been ABSOLUTELY PHENOMENAL this year. Chances of selling dropped in August and stayed steady through November, but in December they began to creep back up! This isn’t great for buyers, but it doesn’t mean you can’t find a tremendous home. The chances of selling could go back to unbelievable numbers, in February. Look at February 2016, but look at January 2016 and realize NOW IS THE TIME TO BUY! Don’t keep waiting, the market could get really crazy again and SOON.
The below is the December 2016 market absorption rate of Paulding County homes priced between $100,000 to $125,000.
| Current number of homes on the market | 47 | ||||||
| Number of homes that failed to sell in the past 12 months | 107 | ||||||
| Number of homes that Sold in past 12 months | 408 | ||||||
| Total number of homes sold per month | 34.00 | ||||||
| Total Months worth of Inventory | 1.4 | ||||||
| Percentage | |||||||
| Current number of homes on the market | 47 | ||||||
| Number of new inventory for this period | 11.75 | ||||||
| Total Inventory | 58.75 | ||||||
| Number of Homes that will sell | 102 | 173.6% | |||||
| Number of Homes that will not sell | -43.25 | -73.6% | |||||
Average Sold Price during the last 12 months _$114,334
| % of Homes | Months | Days on | |
| Month | that will sell | of Inventory | Market |
| December 2015 | 109.70% | 2.2 | 59 |
| January 2016 | 118.10% | 2 | 58 |
| February 2016 | 492.90% | 0.5 | 57 |
| March 2016 | 382.70% | 0.6 | 58 |
| April 2016 | 311.40% | 0.8 | 58 |
| May 2016 | 255.30% | 0.9 | 57 |
| June 2016 | 181.30% | 1.3 | 55 |
| July 2016 | 304.30% | 0.8 | 54 |
| August 2016 | 167.20% | 1.4 | 53 |
| September 2016 | 170.60% | 1.4 | 50 |
| October 2016 | 169.40% | 1.4 | 49 |
| November 2016 | 163.60% | 1.5 | 48 |
| December 2016 | 173.60% | 1.4 | 53 |
This data demonstrates that demand for the best homes is still EXCEPTIONALLY HIGH. That means competition is also exceptionally high for the best homes with the best prices. If you’re looking for a home that is move in ready and you’d better be ready to offer the day it hits the market! A real estate professional can better your chances of getting the home you love. We help buyers, just like you, every day by reducing the stress of home buying.
There is a lot of free information available to you about buying, selling or investing in Paulding County homes. For complete information about the Paulding County home market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Paulding County homes 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 you. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com
