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Buyers You Are In Luck Paulding County Home Sales Are Dropping Like A Rock

Posted by RCPAP on August 23, 2013
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Rising interest rates and price to increase $10,000 to $15,000 in the last several months have caused Paulding County home sales to dramatically decrease. The demand has decreased over the last year, however, the supply is still low, so prices are still up. Don’t worry about this, because with the number of homes selling cooling way off, buyers are beginning to see some negotiation return when making offers. If you’ve been waiting to buy your home, you need to get out there and find one NOW! Interest rates are going up, making monthly payments higher, and reducing buying power. Don’t wait or you’ll wish you hadn’t.

The below statistics show today’s market conditions. The below July 2013 market absorption rate of Paulding County homes priced between $100,000 to $125,000.

Current number of homes on the market

34
Number of homes that failed to sell in the past 12 months 514
Number of homes that Sold in past 12 months
235
Total number of homes sold per month

19.58
Total Months worth of Inventory

1.7

Percentage

Current number of homes on the market
34

Number of new inventory for this period
8.5

Total Inventory

42.5

Number of Homes that will sell

58.75
138.2%
Number of Homes that will not sell
-16.25
-38.2%
Average Sold Price during the last 12 months _$111,065_

% of Homes Months Days on
Month that will sell of Inventory Market
August 2012 147.8% 1.6 41
September 2012 125.8% 1.9 40
October 2012 106.7% 2.3 43
November 2012 114.5% 2.1 38
December 2012 132.6% 1.8 37
January 2013 180.7% 1.3 36
February 2013 122.9% 2.0 36
March 2013 228.2% 1.1 37
April 2013 200.8% 1.2 34
May 2013 230.9% 1.0 30
June 2013 184.4% 1.3 30
July 2013 138.2% 1.7 28

You can see the percentage of homes that will sell has fallen almost 100% in just two short months. Don’t be fooled, the market is still strong! If you want to be able to find the best home for the best price in this quickly changing market, you’ve got to hire a Real Estate professional. A real estate professional will help you find a home more quickly and advise you on how to negotiate your offer.

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.