Bartow County's October median drops 12.5%, but the 12-month trend is milder
Closings totaled 113, and supply stood at 5.4 months on the month's sales pace, in the official FMLS run for October.
By Jeff Crowe
Published · Updated
CARTERSVILLE, Ga. Bartow County's October median sale price and its 12-month trend tell different stories. The month's median fell 12.5% from a year earlier to $330,000, while the median across the last 12 months fell 1.2% to $335,000.
A single month can swing on which homes happen to close, so the 12-month figure is the better read on the trend. The last three months, 330 sales, had a median of $328,244.
“Don't read too much into the 12.5% drop in Bartow's October median. The 12-month median of $335,000 is down just 1.2% from the year before, and that's the number I'd use to price a home in Bartow.”
Closings totaled 113 in October, down 7.4% from a year earlier.
The median home closed at 98.9% of its final list price in October, against 99.1% over 12 months. Of the month's sales, 51.3% closed below list. A price cut came before 39.8% of sales, compared with 40.7% over the year.
With 610 active listings as of 1:20 p.m. ET Nov. 14, Bartow County had 5.4 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month pace it was 5.2 months, in the same band.
Sellers listed 199 homes in October, down 15.0% from 234 a year earlier, while buyers signed 94 contracts, down 13.8% from 109.
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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.