More Etowah High buyers signed contracts in October
The median sale price was $400,000, down 20.0% from a year earlier, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
CANTON, Ga. Contracts are the earliest read on sales to come, and in the Etowah High School attendance zone they jumped in October. Buyers signed 38 purchase contracts, up 35.7% from 28 a year earlier, while closings rose 2.2% to 47.
The October median sale price was $400,000, down 20.0% from a year earlier.
“Contracts in the Etowah High School district rose to 38 from 28 a year ago, even as the October median dipped to $400,000. That's a good sign for activity there, and I'll check it again in the Dec. 14 run.”
The median home closed at 99.6% of its final list price in October, against 99.2% over 12 months. Sales below list made up 44.7% of the total. A price cut came before 42.6% of sales, compared with 36.1% over the year.
Over the 12 months through October, 604 homes sold at a median of $422,500, down 4.8% from $444,000 in the prior 12 months.
Homes that sold in October spent a median 32 days on the market, slower than the 12-month median of 25 days.
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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.