Slower October closings stretch Barrow County supply to 6.0 months
The median sale price was $349,900, down 5.7% from a year earlier, and a price cut came before 48.1% of sales, in the official FMLS run for October.
By Jeff Crowe
Published · Updated
WINDER, Ga. October's slower closings stretched the supply math in Barrow County. With 489 homes for sale, months of supply came to 6.0 on the month's sales and 4.9 on the 12-month pace.
Barrow County recorded 81 closed home sales in October, down 25.7% from 109 a year earlier. The median sale price was $349,900, down 5.7% from $371,000 a year earlier.
“Barrow County had 6.0 months of supply on October's pace and 4.9 on the 12-month pace, so October ran a little slower than the year. The median home still sold at 100.0% of list.”
Our published bands call under four months seller-leaning, four to six balanced and above six buyer-leaning. When the two paces disagree, the month's sales ran off the year's norm, and the 12-month reading is the steadier guide.
The median home closed at 100.0% of its final list price in October, matching the 12-month figure. Of the month's sales, 22.5% closed below list. A price cut came before 48.1% of sales, compared with 43.4% over the year.
Over the 12 months through October, 1,191 homes sold at a median of $365,000, down 0.1% from $365,544 in the prior 12 months.
Sellers listed 132 homes in October, down 28.6% from 185 a year earlier, while buyers signed 71 contracts, down 33.6% from 107.
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Jeff Crowe, publisher and market reporter
Jeff Crowe writes about Georgia home sales from the official monthly FMLS run. Jeff is a licensed real estate agent with CENTURY 21 The Avenues, a full-service local brokerage in Calhoun, Ga.