50.8% of Rockdale County home sales in October followed a price cut
The median sale price was $300,000, down 6.3% from a year earlier, and the median home sold in 46 days, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
CONYERS, Ga. Most homes that sold in Rockdale County in October got there only after a price cut. Of the month's 59 closings, 50.8% had at least one reduction, against 35.4% over the past 12 months.
The October median sale price was $300,000, down 6.3% from a year earlier.
“50.8% of Rockdale sales in October followed a price cut, against 35.4% over the year. Most homes still closed at 100.0% of their final list price, so pricing right matters more than the first number on the listing.”
Sales below list made up 40.7% of the total, and the median sale came in at 100.0% of the final list price.
Time to sell ran slower than the year's norm: a median 46 days in October, against 32 days over 12 months.
With 393 active listings as of 1:20 p.m. ET Nov. 14, Rockdale County had 6.7 months of supply at October's closing pace, which our published bands read as a buyer's market. On the 12-month sales pace the figure is 4.8 months, which falls in the balanced (4 to 6 months) band.
Across the trailing 12 months, 973 closings produced a median price of $305,260, down 0.8% from $307,635 in the prior 12 months.
Sellers listed 130 homes in October, down 21.2% from 165 a year earlier, while buyers signed 63 contracts, down 21.3% from 80.
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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.