Chamblee High 12-month median price up 17.1% through October
The median sale price was $762,000, up 25.2% from a year earlier, and the median home sold in 28.5 days, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
DECATUR, Ga. The Chamblee High School attendance zone's 12-month median sale price rose 17.1% to $735,000, based on 597 closings through October compared with the 12 months before.
The Chamblee High School attendance zone recorded 35 closed home sales in October, down 2.8% from 36 a year earlier. The median sale price was $762,000, up 25.2% from $608,750 a year earlier.
“The Chamblee High School district's 12-month median rose 17.1% to $735,000 across 597 sales. That's a big move for a whole school district.”
The median home closed at 98.3% of its final list price in October, against 98.7% over 12 months. Of the month's sales, 60.0% closed below list. A price cut came before 40.0% of sales, compared with 27.8% over the year.
Time to sell ran slower than the year's norm: a median 28.5 days in October, against 15 days over 12 months.
Sellers listed 94 homes in October, up 10.6% from 85 a year earlier, while buyers signed 37 contracts, down 35.1% from 57.
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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.