Gordon County listings rise 47.2% in October as closings fall 20.0%
The median sale price was $274,350, down 5.1% from a year earlier, and supply stood at 5.3 months on the month's sales pace, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
CALHOUN, Ga. More homes came on the market in Gordon County in October than a year earlier, but fewer of them sold. New listings rose 47.2% to 78, while closings fell 20.0% to 44.
The October median sale price was $274,350, down 5.1% from a year earlier.
“Gordon is my home county, and October had 78 new listings against 44 closings, with 61.4% of sales after a price cut. Even so, the median home sold at 99.2% of its final list price, so homes priced right still sell.”
With 234 active listings as of 1:20 p.m. ET Nov. 14, Gordon County had 5.3 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month pace it was 4.8 months, in the same band.
The median home closed at 99.2% of its final list price in October, matching the 12-month figure. Of the month's sales, 50.0% closed below list. A price cut came before 61.4% of sales, compared with 38.5% over the year.
Buyers signed 32 purchase contracts in October, against 48 a year earlier, a sign of how closings may track in the months ahead.
Over the 12 months through October, 584 homes sold at a median of $289,000, down 0.3% from $289,950 in the prior 12 months.
Time to sell ran slower than the year's norm: a median 40.5 days in October, against 34 days over 12 months.
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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.