54.4% of Paulding County home sales in October followed a price cut
The median sale price was $349,995, down 4.1% from a year earlier, and the median home sold in 36.5 days, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
DALLAS, Ga. Price cuts did a lot of the work in Paulding County in October. Of 158 homes sold, 54.4% had dropped their asking price at least once, well above the 12-month share of 43.4%.
The October median sale price was $349,995, down 4.1% from a year earlier.
“54.4% of Paulding sales in October followed a price cut, yet the median home closed at 100.0% of its final list price. Price it right after the cut and it sells.”
Sales below list made up 42.3% of the total, and the median sale came in at 100.0% of the final list price.
Homes that sold in October spent a median 36.5 days on the market, slower than the 12-month median of 33 days.
With 926 active listings as of 1:20 p.m. ET Nov. 14, Paulding County had 5.9 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month pace it was 4.5 months, in the same band.
The longer view is steadier. In the 12 months through October, the median across 2,494 sales was $362,500, down 0.3% from $363,770 in the prior 12 months.
Sellers listed 294 homes in October, down 18.6% from 361 a year earlier, while buyers signed 154 contracts, down 26.7% from 210.
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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.