North Springs High buyers negotiated below list more often in October
A price cut came before 38.2% of sales, and the median sale price was $752,500, up 28.1% from a year earlier, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
ATLANTA Sellers in the North Springs High School attendance zone gave ground at the closing table in October. 76.5% of 34 sales closed under the final asking price, above the 12-month share of 53.8%.
The October median sale price was $752,500, up 28.1% from a year earlier.
“76.5% of North Springs district sales closed below list in October. The 28.1% jump in the October median comes from only 34 sales, so the 12-month median of $612,000 is a better guide.”
A price cut came before 38.2% of sales, and the median sale came in at 97.2% of the final list price.
Homes that sold in October spent a median 23 days on the market, slower than the 12-month median of 18 days.
Sellers listed 74 homes in October, up 4.2% from 71 a year earlier, while buyers signed 34 contracts, down 19.0% from 42.
Across the trailing 12 months, 520 closings produced a median price of $612,000, down 5.6% from $648,000 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.