78.1% of Lakeside High homes sold below list in October
A price cut came before 43.8% of sales, and the median sale price was $566,763, up 15.1% from a year earlier, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
DECATUR, Ga. Buyers in the Lakeside High School attendance zone negotiated more often in October. Of the month's 32 sales, 78.1% closed below the final list price, compared with 55.1% over 12 months.
The October median sale price was $566,763, up 15.1% from a year earlier.
“78.1% of October sales in the Lakeside district closed below list, and the median sold at 97.2% of list. The 12-month median is $590,000.”
A price cut came before 43.8% of sales, and the median sale came in at 97.2% of the final list price.
Time to sell ran slower than the year's norm: a median 31 days in October, against 18 days over 12 months.
Sellers listed 66 homes in October, down 18.5% from 81 a year earlier, while buyers signed 34 contracts, down 22.7% from 44.
The longer view is steadier. In the 12 months through October, the median across 526 sales was $590,000, down 0.8% from $594,500 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.