Dawson County homes sold in 25 days in October, faster than the year's pace

DAWSONVILLE, Ga. Sales in Dawson County picked up speed in October. Homes that closed had been listed a median of 25 days, compared with 41 days over the past 12 months.

The October median sale price was $405,000, down 10.0% from a year earlier.

The median home closed at 98.3% of its final list price in October, against 98.5% over 12 months. Sales below list made up 62.5% of the total. A price cut came before 43.8% of sales, compared with 43.1% over the year.

With 299 active listings as of 1:20 p.m. ET Nov. 14, Dawson County had 9.3 months of supply at October's closing pace, which our published bands read as a strong buyer's market. On the 12-month sales pace the figure is 5.9 months, which falls in the balanced (4 to 6 months) band.

Sellers listed 86 homes in October, down 12.2% from 98 a year earlier, while buyers signed 23 contracts, down 57.4% from 54.

Across the trailing 12 months, 612 closings produced a median price of $425,000, down 5.5% from $449,900 in the prior 12 months.

In neighboring Lumpkin County, 32 sales closed at a $384,950 median, up 2.7% from a year earlier.