65.7% of Calhoun home sales in October followed a price cut

CALHOUN, Ga. Price cuts did a lot of the work in Calhoun in October. Of 35 homes sold, 65.7% had dropped their asking price at least once, well above the 12-month share of 41.5%.

The October median sale price was $275,000, down 5.2% from a year earlier.

Sales below list made up 57.1% of the total, and the median sale came in at 98.5% of the final list price.

Homes that sold in October spent a median 41 days on the market, slower than the 12-month median of 36 days.

With 159 active listings as of 1:20 p.m. ET Nov. 14, Calhoun had 4.5 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month pace it was 4.2 months, in the same band.

Over the 12 months through October, 451 homes sold at a median of $289,000, up 0.7% from $287,000 in the prior 12 months.

Sellers listed 52 homes in October, up 92.6% from 27 a year earlier, while buyers signed 21 contracts, down 38.2% from 34.

Countywide, Gordon County closed 44 sales at a $274,350 median, down 5.1% from a year earlier.