Hiram homes took 51.5 days to sell in October, slower than the year's pace

HIRAM, Ga. Homes in Hiram took longer to sell in October. The median home that closed spent 51.5 days on the market, against a 12-month median of 26 days.

With 20 closings, one month is a small sample here. The 12-month figures are the better guide to price.

The October median sale price was $327,500, down 12.1% from a year earlier.

The median home closed at 98.2% of its final list price in October, against 100.0% over 12 months. Of the month's sales, 60.0% closed below list. A price cut came before 55.0% of sales, compared with 40.5% over the year.

Sellers listed 32 homes in October, up 60.0% from 20 a year earlier, while buyers signed 19 contracts, up 18.8% from 16.

With 80 active listings as of 1:20 p.m. ET Nov. 14, Hiram had 4.0 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month sales pace the figure is 3.5 months, which falls in the seller-leaning (under 4 months) band.

Over the 12 months through October, 274 homes sold at a median of $340,000, up 0.4% from $338,500 in the prior 12 months.

Countywide, Paulding County closed 158 sales at a $349,995 median, down 4.1% from a year earlier.