Paulding County High contract signings down 39.1% from a year ago
The median sale price was $310,000, down 1.6% from a year earlier, in the official FMLS run for October.
By Jeff Crowe
Published · Updated
DALLAS, Ga. Fewer buyers in the Paulding County High School attendance zone went under contract in October than a year earlier, a sign of where closings are headed. Purchase contracts fell 39.1% to 28, from 46.
The October median sale price was $310,000, down 1.6% from a year earlier.
“Contracts in the Paulding County High School district fell to 28 from 46, but the median home sold at 100.0% of list. Homes are still selling at their price; fewer buyers are signing.”
The median home closed at 100.0% of its final list price in October, matching the 12-month figure. Of the month's sales, 33.3% closed below list. A price cut came before 42.4% of sales, compared with 42.2% over the year.
The longer view is steadier. In the 12 months through October, the median across 521 sales was $318,000, up 1.0% from $315,000 in the prior 12 months.
Time to sell ran faster than the year's norm: a median 30 days in October, against 33 days over 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.