Seckinger High listings rise 15.8% in October as closings fall 31.1%
The median sale price was $455,000, down 10.8% from a year earlier, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
LAWRENCEVILLE, Ga. More homes came on the market in the Seckinger High School attendance zone in October than a year earlier, but fewer of them sold. New listings rose 15.8% to 66, while closings fell 31.1% to 31.
The October median sale price was $455,000, down 10.8% from a year earlier.
“The Seckinger district added 66 listings in October, while closings fell to 31 from 45. Buyers there have more homes to compare than they did a year ago.”
The median home closed at 98.9% of its final list price in October, against 98.6% over 12 months. Of the month's sales, 51.6% closed below list. A price cut came before 51.6% of sales, compared with 40.8% over the year.
Buyers signed 25 purchase contracts in October, against 37 a year earlier, a sign of how closings may track in the months ahead.
The longer view is steadier. In the 12 months through October, the median across 397 sales was $485,000, down 1.5% from $492,500 in the prior 12 months.
Time to sell ran slower than the year's norm: a median 34 days in October, against 31 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.