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Chances of Selling Paulding County Homes Continue to Drop, BUYERS NOW

Posted by Craig Summers on February 5, 2014
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Paulding County Homes over the past year have gone to the peak of the mountain, but now they’re in the valley. In the past four months interest rates have risen reducing a lot of buying power and Hedge Fund buyers have been moving on to other areas. This caused the percentage chance of selling Paulding County Homes to drop off significantly. The statistics actually show, the chances of selling Paulding County homes priced between $125,000 and $150,000 have decreased almost 75%.

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

82
Number of homes that failed to sell in the past 12 months 615
Number of homes that Sold in past 12 months
214
Total number of homes sold per month

17.83
Total Months worth of Inventory

4.6

Percentage

Current number of homes on the market
82

Number of new inventory for this period
20.5

Total Inventory

102.5

Number of Homes that will sell

53.5
52.2%
Number of Homes that will not sell
49
47.8%
Average Sold Price during the last 12 months _$133,362_

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
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 2013 63.8% 3.8 32
July 2013 59.2% 4.1 31
August 2013 52.2% 4.6 27

The statistics show, in the past five months, the number of months it takes to sell all of the available inventory has climbed from 1.9 months to 4.6 months. While the average number of days for Paulding County homes to sell has actually decreased. The biggest change, since April, is the 74.5% drop in the percentage of homes that will sell. This is a major blow to the housing market, but it’s created a TERRIFIC opportunity to buy homes. Although home values have increased, Paulding County Homes are still priced like they were 5-10 years ago. Fantastic deals are still out there and new ones come on the market daily. Your Paulding County real estate agent can help you find those fantastic deals. So what is a Fantastic 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.