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Paulding County Home Sales Dropped, It

Posted by RCPAP on January 8, 2016
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Paulding County home sales went well above a 200% chance of selling last year. It looked like we were heading back to that 200% chance until this month. The chances of selling have dropped 24.0% in the last 30 days. Look at the below February 2014 market absorption rate of Paulding County homes priced between $100,000 to $125,000. It shows the percentage of sales spiking dramatically from February 2013 to March 2013 and staying above 200% for several months. You can see the Paulding County home selling market dropped for 3 consecutive months from September to November, but then began to steadily increase until this month.

Current number of homes on the market

55

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

563

Number of homes that Sold in past 12 months

242

Total number of homes sold per month

20.17

Total Months worth of Inventory

2.7

Percentage

Current number of homes on the market

55

Number of new inventory for this period

13.75

Total Inventory

68.75

Number of Homes that will sell

60.5

88.0%

Number of Homes that will not sell

8.25

12.0%

Average Sold Price during the last 12 months _$112,273

% of Homes Months Days on
Month that will sell of Inventory Market
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
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

Look at the days on market, you can see that even though the percentage of homes selling has dropped, homes are still selling exceptionally fast. This means you need to act fast so you do not lose your chance to own a home. A real estate professional will help you find a home more quickly and with MUCH less stress than you could on your own. We’re not kidding, when the chance of selling was above 200% last year, it was almost impossible for buyers to purchase a home. That’s why folks in the know contacted us for our help. 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

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