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Paulding County Home Sells Have Slowed, BUY NOW Before They Pick Back Up!

Posted by RCPAP on January 8, 2016
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Over the past several months the Demand for Paulding County Homes has been EXTREMELY high, the supply has been and still is low, interest rates have been and still are low, and buyers have been buying like crazy! However, this month, there has been a BIG lull. The statistics actually show, the chances of selling Paulding County homes priced between $125,000 and $150,000 fell from 126.7% to 89.1%.

The statistics below show the Paulding County market absorption rate and are from May 2013 for Paulding County homes, priced between $125,000 and $150,000

Current number of homes on the market

46
Number of homes that failed to sell in the past 12 months 595
Number of homes that Sold in past 12 months
205
Total number of homes sold per month

17.08
Total Months worth of Inventory

2.7

Percentage

Current number of homes on the market
46

Number of new inventory for this period
11.5

Total Inventory

57.5

Number of Homes that will sell

51.25
89.1%
Number of Homes that will not sell
6.25
10.9%
Average Sold Price during the last 12 months _$131,935_

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
June 2012 49.4% 4.9 113
July 2012 56.3% 4.3 28
August 2012 54.5% 4.4 28
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

The statistics show an average number of days for Paulding County homes to sell has remained at 32 days. The number of months it takes to sell all of the available inventory has gone from 1.9 months to 2.7 months. The biggest change is the 37.6% drop in the percentage of homes that will sell. This is a major blow to the housing market, but a GREAT opportunity to buy homes. Great deals are still out there and new ones come on the market daily. Your Paulding County real estate agent can help you find those great deals. So what is a Great 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.

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