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Great News For Those Buying Paulding County Homes!

Posted by RCPAP on January 8, 2016
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A lot of folks wait to sell their Paulding County homes during the summer months. These folks are putting their homes on the market now and we are seeing the effects of this in the increased number of days on the market. This is GREAT NEWS FOR BUYERS! We expect to see the number of days on market to continue to increase over the next several months, allowing buyers more homes to choose from and longer time to make their decision on which home to buy.

The statistics below show Paulding County home sales priced between $125K and $150K for April 2015. These statistics show the number of days on market has increased by 8 days over the last 4 months. That doesn’t seem like much, but it’s a HUGE shift! We’ve been seeing multiple offers on every home we’ve offered on for the past year or so, but now we’re seeing our buyers have a little less competition for the homes they want and it’s helping level off the prices. Our clients have been paying more than list price for the homes because of the multiple offers, however, now they are paying slightly less than the list price.

Current number of homes on the market

93

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

799

Number of homes that Sold in past 12 months

377

Total number of homes sold per month

31.42

Total Months worth of Inventory

3.0

Percentage

Current number of homes on the market

93

Number of new inventory for this period

23.25

Total Inventory

116.25

Number of Homes that will sell

94.25

81.1%

Number of Homes that will not sell

22

18.9%

Average Sold Price during the last 12 months _$133,761.00

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
April 2014 73.4% 3.3 19
May 2014 76.4% 3.1 18
June 2014 74.4% 3.2 18
July 2014 69.4% 3.5 18
August 2014 65.3% 3.7 19
September 2014 61.1% 3.9 20
October 2014 62.4% 3.8 22
November 2014 65.4% 3.7 21
December 2014 63.5% 3.8 21
January 2015 66.9% 3.6 22
February 2015 65.9% 3.6 24
March 2015 71.3% 3.4 26
April 2015 81.1% 3 30

Although we’ve seen an increase in the number of days on market and our clients are paying slightly less for homes, homes are still selling very well. This means competition is still REMARKABLY strong for the best homes. This means the homes with the most astounding price and in the most astounding shape will sell FAST! As a home buyer, you will still need to make your decision and offer on the home extremely fast to get it. If you have been thinking about buying a home, NOW IS AN INCREDIBLE TIME TO BUY!

How can you act as quickly as possible? Contact a Real Estate professional. We work in the market every day and know how to find a great home for a great price. With the average days on market at 30 days, it is still challenging for buyers to purchase a home, unless they act fast. A real estate professional will help you find a home MUCH more quickly and with MUCH less stress than you could on your own.

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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