Floyd County contract signings down 26.9% from a year ago
The median sale price was $271,820, up 7.5% from a year earlier, and supply stood at 5.5 months on the month's sales pace, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
ROME, Ga. The October contract count in Floyd County points down for the months ahead. Buyers signed 49 purchase contracts, against 67 a year earlier, a 26.9% decline.
The October median sale price was $271,820, up 7.5% from a year earlier.
“Floyd County's October median rose 7.5% to $271,820 on 62 sales. Contracts came in at 49 against 67 a year ago, so I'll be watching the next run.”
The median home closed at 99.0% of its final list price in October, against 98.2% over 12 months. Sales below list made up 50.0% of the total. A price cut came before 43.5% of sales, compared with 43.4% over the year.
With 341 active listings as of 1:20 p.m. ET Nov. 14, Floyd County had 5.5 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month pace it was 4.9 months, in the same band.
Over the 12 months through October, 834 homes sold at a median of $260,650, up 2.2% from $255,000 in the prior 12 months.
Homes that sold in October spent a median 36 days on the market, slower than the 12-month median of 35 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.