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Buy Paulding County Homes While The Market Is Overloaded!

Posted by RCPAP on January 8, 2016
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The chance of selling Paulding County homes has been dropping for the last 8 months and it looks like the best month of 2014 will January. There are so many homes on the market right now it would take 4.3 Months to sell all of them. The high number of Paulding County homes on the market mean it is a buyer’s market and it is time to BUY NOW! Sellers are making repairs and taking less than the list price to sell their homes. The numbers show the percentage chance of selling a home are lower than they’ve been in several years! The below September 2014 market absorption rate of Paulding County homes priced between $100,000 to $125,000 shows percentage chance of selling is 55.5%, this month.

Current number of homes on the market

106

Number of homes that failed to sell in the past 12 months

623

Number of homes that Sold in past 12 months

294

Total number of homes sold per month

24.50

Total Months worth of Inventory

4.3

Percentage

Current number of homes on the market

106

Number of new inventory for this period

26.5

Total Inventory

132.5

Number of Homes that will sell

73.5

55.5%

Number of Homes that will not sell

59

44.5%

Average Sold Price during the last 12 months _$110,344

% of Homes Months Days on
Month that will sell of Inventory Market
October 2013 94.7% 2.5 21
November 2013 92.4% 2.6 22 December 2013 101.3% 2.4 20
January 2014 112.1% 2.1 19
February 2014 88.0% 2.7 20

March 2014 79.3% 3.0 19
April 2014 76.5% 3.1 19
May 2014 72.1% 3.3 19
June 2014 71% 3.4 18
July 2014 68.6% 3.5 18
August 2014 57.7% 4.2 19
September 2013 55.5% 4.3 19

You can see above the Months of inventory has gone up, month after month for the last 8 months. What does “months of inventory” mean? It means, if no other homes were to come on the market from today, it would take 4.3 months to sell all the homes currently on the market. 4.3 months is a long time and thus means there are a lot of homes on the market. This means your chances of finding a home are MUCH better than they’ve been over the last year or two years for that matter. This does not mean there is not still competition for homes in the best condition and with the best price. That competition is still remarkably high. If you’re looking for a home that is move in ready and you don’t offer the day it hits the market, you’ll wish you had! 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

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.

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