DeKalb County October home sales: median $354,950, up 7.6% from a year ago
The 12-month median was $375,000, up 2.7%, and supply stood at 5.7 months on the month's sales pace, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
DECATUR, Ga. DeKalb County closed 486 home sales in October at a median price of $354,950, according to the official FMLS run for the month.
That median was up 7.6% from $329,950 in October a year earlier, and closings were down 26.4%.
“DeKalb's October median was $354,950, and its 12-month median of $375,000 is +2.7% from the year before. A steady market like this rewards careful pricing more than timing.”
The longer view is steadier. In the 12 months through October, the median across 7,277 sales was $375,000, up 2.7% from $365,000 in the prior 12 months.
The median home closed at 98.5% of its final list price in October, against 99.2% over 12 months. Of the month's sales, 54.4% closed below list. A price cut came before 39.7% of sales, compared with 35.6% over the year.
Time to sell ran slower than the year's norm: a median 31 days in October, against 24 days over 12 months.
With 2,757 active listings as of 1:20 p.m. ET Nov. 14, DeKalb County had 5.7 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month pace it was 4.5 months, in the same band.
Sellers listed 1,066 homes in October, down 13.5% from 1,233 a year earlier, while buyers signed 464 contracts, down 26.0% from 627.
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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.