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Chances Of Selling Paulding County Homes Are Going Up, Buy NOW Before It Becomes A Sellers Market

Posted by RCPAP on August 20, 2014
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The chance of selling Paulding County homes dropped from February to October, but in November they began to creep back up. From December to January they jumped DRAMATICALLY! This is most definitely the Winter sales season, but it could also be the next big upswing in the market. The chance of selling could go back above 100%. NOW IS THE TIME TO BUY! We expect the market to keep getting stronger this year. This is NOT good news for buyers. However, there is good news. There is still time to buy while the number of homes on the market is high. The below January 2015 market absorption rate of Paulding County homes priced between $100,000 to $125,000 shows there are so many homes on the market right now it would take 3.4 Months to sell all of them. Don’t wait though, because as you can see that’s almost a full month less than in December!

Current number of homes on the market

89

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

687

Number of homes that Sold in past 12 months

311

Total number of homes sold per month

25.92

Total Months worth of Inventory

3.4

Percentage

Current number of homes on the market

89

Number of new inventory for this period

22.25

Total Inventory

111.25

Number of Homes that will sell

77.75

69.9%

Number of Homes that will not sell

33.5

30.1%

Average Sold Price during the last 12 months _$109,455_

% of Homes Months Days on
Month that will sell of Inventory Market
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 2014 55.5% 4.3 19
October 2014 50.7% 4.7 18
November 2014 54.5% 4.4 19
December 2014 57.2% 4.2 19
January 2015 69.9% 3.4 20

You can see above the months of inventory went up, for the same 10 months that the chance of selling was going down. However, you can also see that is changing as the chance of selling is going up. This means there will be few homes on the market to choose from. If you’ve been thinking of buying a home, NOW IS THE TIME! If you keep waiting, the market shift you see above will continue. There will be fewer homes and MUCH MORE COMPETITION for them!

The days on market has been hovering around 20 days for the last 12 months! This demonstrates that demand for the best homes is still REMARKABLY HIGH. That means competition is also remarkably 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

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.