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The Market Is Changing, Sell Paulding County Homes NOW!

Posted by RCPAP on October 24, 2014
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The Stats show the number of days on market is creeping up. This is a sign the market is shifting slightly in favor of buyers. The higher number of days on the market means the market could be starting to get saturated with homes. This is not a good thing because most people believe that they should sell their home in the spring and/or summer months. That means the market is only going to become further SATUATED with homes in the next few months! If you’ve been thinking of selling, NOW IS THE TIME TO PUT YOU HOME ON THE MARKET! If you wait, you could get caught in the saturated market and you home could sit on the market for much longer than you anticipate and hinder your ability to move into another home.

The below is the February 2015 Market Absorption for Paulding County homes ranging from $125K-150K. This data will show you what we’re talking about.

Current number of homes on the market

109

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

785

Number of homes that Sold in past 12 months

359

Total number of homes sold per month

29.92

Total Months worth of Inventory

3.6

Percentage

Current number of homes on the market

109

Number of new inventory for this period

27.25

Total Inventory

136.25

Number of Homes that will sell

89.75

65.9%

Number of Homes that will not sell

46.5

34.1%

Average Sold Price during the last 12 months _$133,642.00

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
February 2014 101.5% 2.4 21
March 2014 96.6% 2.5 20
April 2014 73.4% 3.3 19
May 2014 76.4% 3.1 18
June 2014 74.4% 3.2 18
July 2014 69.4% 3.5 18
August 2014 65.3% 3.7 19
September 2014 61.1% 3.9 20
October 2014 62.4% 3.8 22
November 2014 65.4% 3.7 21
December 2014 63.5% 3.8 21
January 2015 66.9% 3.6 22
February 2015 65.9% 3.6 24

If you look at number of days on the market over the last year, you’ll see we’re at the highest number we’ve seen. You should also note that the percentage of homes that sold went down as this number went up. You can also see we’re down 35.6% from February of last year. The increase in November was the start of the Winter sales season. We saw the slight dip in December because folks were focused on the Holidays. Then we saw a 3.4% jump in January and expected to see another jump in February, however it’s now gone down a percentage point and the days on market went up. This has us really concerned about the coming months. We were expecting to see increases each month from now until July, now we’re thinking we might actually see decreases. We are not overly concerned yet, but we HIGHLY RECOMMEND you get you home on the market NOW before it’s too late. We know the secret to going from “For Sale” to “SOLD.” We can help you make your home one of the homes that sells in the market average of around 20 days. So what is the secret? 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.