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Paulding County Homes Sales Are Creeping Back Up! Buyers, BUY NOW!

Posted by RCPAP on January 8, 2016
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The chance of selling Paulding County homes has been dropping for the last 9 months, but this month they’ve begun to creep back up! This could be the next big upswing in the market and chances could go back above 100%. If you’re looking to buy, NOW IS THE TIME! The good news is, there is still time while the number of homes on the market is high. The below November 2014 market absorption rate of Paulding County homes priced between $100,000 to $125,000 shows there are so many homes on the market right now it would take 4.4 Months to sell all of them. This means that, right now, Sellers are selling for less than the list price and in some cases making repairs to sell their homes.

Current number of homes on the market

113

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

650

Number of homes that Sold in past 12 months

308

Total number of homes sold per month

25.67

Total Months worth of Inventory

4.4

Percentage

Current number of homes on the market

113

Number of new inventory for this period

28.25

Total Inventory

141.25

Number of Homes that will sell

77

54.5%

Number of Homes that will not sell

64.25

45.5%

Average Sold Price during the last 12 months _$110,101

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

You can see above the Months of inventory has gone up, month after month for the last 9 months as well, but then this month it’s dropped off slightly. Chances of finding a home are still FAR greater than they’ve been over the last year or two. However, it should be noted that the days on market has been hovering around 20 days for the last 12 months! This shows that demand for the best homes is still EXTREMELY HIGH. It also means the competition for the best homes and with the best prices is stiff. If you’re looking for a home that is move in ready and you’d better be ready to offer the day it hits the market! 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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