Habersham County October home sales: median $365,704, down 2.5% from a year ago
The 12-month median was $364,500, up 4.2%, and supply stood at 10.9 months on the month's sales pace, in the official FMLS run for October.
By Jeff Crowe
Published · Updated
CLARKESVILLE, Ga. October was a steady month for Habersham County, with 12 closings and a median sale price of $365,704.
With 12 closings, one month is a small sample here. The 12-month figures are the better guide to price.
“Habersham only had 12 closings in October, so I look at the year: 209 sales at a $364,500 median, +4.2% from the prior 12 months.”
That median was down 2.5% from $375,000 in October a year earlier, and closings were down 29.4%.
Across the trailing 12 months, 209 closings produced a median price of $364,500, up 4.2% from $349,950 in the prior 12 months.
The median home closed at 97.0% of its final list price in October, against 98.8% over 12 months. Of the month's sales, 66.7% closed below list. A price cut came before 16.7% of sales, compared with 36.4% over the year.
Time to sell ran faster than the year's norm: a median 31 days in October, against 32 days over 12 months.
With 131 active listings as of 1:20 p.m. ET Nov. 14, Habersham County had 10.9 months of supply at October's closing pace, which our published bands read as a strong buyer's market. On the 12-month pace it was 7.5 months, in the same band.
Sellers listed 48 homes in October, down 12.7% from 55 a year earlier, while buyers signed 10 contracts, down 47.4% from 19.
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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.