Jackson County homes took 64.5 days to sell in October, slower than the year's pace
The median sale price was $420,000, down 4.1% from a year earlier, and sales below list made up 50.6% of the total, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
JEFFERSON, Ga. Homes in Jackson County took longer to sell in October. The median home that closed spent 64.5 days on the market, against a 12-month median of 46 days.
The October median sale price was $420,000, down 4.1% from a year earlier.
“Jackson County homes took a median 64.5 days to sell in October, against 46 over the year, with 9.3 months of supply on October's pace. Sellers there should plan for a longer listing period.”
The median home closed at 99.0% of its final list price in October, against 99.8% over 12 months. Of the month's sales, 50.6% closed below list. A price cut came before 57.0% of sales, compared with 47.3% over the year.
Sellers listed 214 homes in October, flat 0.0% from 214 a year earlier, while buyers signed 89 contracts, down 20.5% from 112.
With 732 active listings as of 1:20 p.m. ET Nov. 14, Jackson County had 9.3 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 6.5 months, in the same band.
The longer view is steadier. In the 12 months through October, the median across 1,352 sales was $430,000, down 1.1% from $434,650 in the prior 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.