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It Is Time To Buy Paulding County Homes, It Is A Buyers Market!

Posted by RCPAP on January 8, 2016
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It has become a buyer’s market in Paulding County. We’re seeing sellers making repairs to sell their homes and taking less than the list price. It’s time to buy a home! The chance of selling Paulding County homes has been dropping for the last 7 months. The below July 2014 market absorption rate of Paulding County homes priced between $100,000 to $125,000 shows percentage chance of selling is 68.6%, this month.

Current number of homes on the market

79

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

601

Number of homes that Sold in past 12 months

271

Total number of homes sold per month

22.58

Total Months worth of Inventory

3.5

Percentage

Current number of homes on the market

79

Number of new inventory for this period

19.75

Total Inventory

98.75

Number of Homes that will sell

67.75

68.6%

Number of Homes that will not sell

31

31.4%

Average Sold Price during the last 12 months _$111,401

% of Homes Months Days on
Month that will sell of Inventory Market
August 2013 152.9% 1.6 25
September 2013 97.1% 2.5 22
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

Even though the percentage of homes selling has dropped, month after month for the last 7 months; the average number of days on the market has continued to stay at or below 20 days for the last 8 months. What this means is that competition for the homes in the best condition and with the best price is exceptionally 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 relieving 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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