Cartersville's October median drops 13.3%, but the 12-month trend points the other way

CARTERSVILLE, Ga. Cartersville's October median sale price and its 12-month trend tell different stories. The month's median fell 13.3% from a year earlier to $335,000, while the median across the last 12 months rose 2.2% to $350,000.

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, 198 sales, had a median of $348,950.

Closings totaled 72 in October, down 7.7% from a year earlier.

The median home closed at 98.9% of its final list price in October, against 99.2% over 12 months. Of the month's sales, 52.8% closed below list. A price cut came before 44.4% of sales, compared with 40.9% over the year.

With 380 active listings as of 1:20 p.m. ET Nov. 14, Cartersville had 5.3 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 142 homes in October, up 71.1% from 83 a year earlier, while buyers signed 66 contracts, down 15.4% from 78.

Countywide, Bartow County closed 113 sales at a $330,000 median, down 12.5% from a year earlier.