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Paulding County Homes Are Taking Longer To Sell, NOW Is The Time To Buy!

Posted by RCPAP on January 8, 2016
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There are those who think, I’ll wait to sell my home during the summer months. This thought process is what is causing the number of days on market to increase. The Average number of days on the market has increased 10 days in the last 2 months. That may not seem like a lot, but remember that’s the AVERAGE. It tells us it’s taking longer to sell homes across the board.

Those folks who have been waiting for summer to sell are beginning to put their homes on the market now and it’s the market to become saturated with homes. When the market is saturated, buyers have more homes to choose from before they make an offer on a home. This is what causes the number of days on market to go up. THIS IS GREAT NEWS FOR BUYERS!

If you’ve been waiting to buy, NOW is a GREAT time to get out there and get your new home. You’ve got choices and a decent amount of time to decide to make your offer. If you’ve been waiting to buy, NOW IS THE TIME! The below is the April 2015 market absorption rate of Paulding County homes priced between $100,000 to $125,000.

Current number of homes on the market

99

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

716

Number of homes that Sold in past 12 months

350

Total number of homes sold per month

29.17

Total Months worth of Inventory

3.4

Percentage

Current number of homes on the market

99

Number of new inventory for this period

24.75

Total Inventory

123.75

Number of Homes that will sell

87.5

70.7%

Number of Homes that will not sell

36.25

29.3%

Average Sold Price during the last 12 months _$109,527_

% of Homes Months Days on
Month that will sell of Inventory Market
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
August 2014 57.7% 4.2 19
September 2014 55.5% 4.3 19
October 2014 50.7% 4.7 18
November 2014 54.5% 4.4 19
December 2014 57.2% 4.2 19
January 2015 69.9% 3.4 20
February 2015 64% 3.8 21
March 2015 71.1% 3.4 26
April 2015 70.7% 3.4 31

It’s time to buy while the number of homes on the market is. The statistics shows that it would take 3.4 Months to sell all the homes currently on the market, IF no other homes were listed. The number days on market have been hovering around 20 days for months, but now they are over 30 days! This tells us the best homes still EXTREMELY FAST, which is keeping this number very low. Competition for those homes that are the best is extremely high. If you’re looking for a home that is move in ready and you’d better be ready to offer very quickly! A real estate professional can better your chances of getting the home you love. We help buyers, just like you, every day by reducing 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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