54.8% of Lumpkin County High home sales in October followed a price cut
The median sale price was $384,900, up 1.6% from a year earlier, and the median home sold in 52.5 days, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
DAHLONEGA, Ga. Price cuts did a lot of the work in the Lumpkin County High School attendance zone in October. Of 31 homes sold, 54.8% had dropped their asking price at least once, well above the 12-month share of 40.2%.
The October median sale price was $384,900, up 1.6% from a year earlier.
“54.8% of October sales in the Lumpkin County High School district followed a price cut, against 40.2% over the year. The 12-month median is $382,000, up 1.1%.”
Sales below list made up 58.1% of the total, and the median sale came in at 98.2% of the final list price.
Homes that sold in October spent a median 52.5 days on the market, slower than the 12-month median of 33 days.
Over the 12 months through October, 381 homes sold at a median of $382,000, up 1.1% from $378,000 in the prior 12 months.
Sellers listed 51 homes in October, down 19.0% from 63 a year earlier, while buyers signed 30 contracts, up 25.0% from 24.
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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.