Walton County months of supply: 6.4 on October sales, 5.3 on the year's pace
The median sale price was $400,000, up 0.6% from a year earlier, and a price cut came before 48.2% of sales, according to official FMLS figures for October.
By Jeff Crowe
Published · Updated
MONROE, Ga. Walton County's 528 active listings would take 6.4 months to sell at October's closing pace, but 5.3 months at the average pace of the past year. The gap is the story of a slower month, not a flood of new supply.
Walton County recorded 83 closed home sales in October, down 29.1% from 117 a year earlier. The median sale price was $400,000, up 0.6% from $397,500 a year earlier.
“Walton had 6.4 months of supply on October's pace and 5.3 on the 12-month pace, with a $400,000 median. October ran a little slower than the rest of the year.”
Our published bands call under four months seller-leaning, four to six balanced and above six buyer-leaning. When the two paces disagree, the month's sales ran off the year's norm, and the 12-month reading is the steadier guide.
The median home closed at 100.0% of its final list price in October, against 99.2% over 12 months. Sales below list made up 41.0% of the total. A price cut came before 48.2% of sales, compared with 40.6% over the year.
Across the trailing 12 months, 1,186 closings produced a median price of $409,950, down 1.1% from $414,500 in the prior 12 months.
Sellers listed 181 homes in October, down 13.4% from 209 a year earlier, while buyers signed 88 contracts, down 15.4% from 104.
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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.