70.7% of Pickens County homes sold below list in October
A price cut came before 36.6% of sales, and the median sale price was $429,000, up 3.1% from a year earlier, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
JASPER, Ga. Buyers in Pickens County negotiated more often in October. Of the month's 41 sales, 70.7% closed below the final list price, compared with 59.8% over 12 months.
The October median sale price was $429,000, up 3.1% from a year earlier.
“In Pickens, 70.7% of October sales closed below list, and supply stood at 8.0 months on October's pace. Buyers there have leverage right now.”
A price cut came before 36.6% of sales, and the median sale came in at 97.5% of the final list price.
Time to sell ran faster than the year's norm: a median 44 days in October, against 45 days over 12 months.
Sellers listed 88 homes in October, down 24.8% from 117 a year earlier, while buyers signed 37 contracts, down 24.5% from 49.
Across the trailing 12 months, 572 closings produced a median price of $399,500, down 0.1% from $400,000 in the prior 12 months.
With 329 active listings as of 1:20 p.m. ET Nov. 14, Pickens County had 8.0 months of supply at October's closing pace, which our published bands read as a buyer's market. On the 12-month pace it was 6.9 months, in the same band.
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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.