More ZIP 30542 homes hit the market in October, fewer sold
The median sale price was $426,500, down 3.5% from a year earlier, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
FLOWERY BRANCH, Ga. Supply and sales moved in opposite directions in ZIP code 30542 in October. Sellers added 101 new listings, 24.7% more than a year earlier, and closings dropped 38.2% to 34.
The October median sale price was $426,500, down 3.5% from a year earlier.
“ZIP 30542 added 101 new listings in October while closings fell to 34 from 55. The 12-month median is down 4.7%, so buyers have more room here than last year.”
The median home closed at 97.5% of its final list price in October, against 98.9% over 12 months. Sales below list made up 64.7% of the total. A price cut came before 52.9% of sales, compared with 43.1% over the year.
Buyers signed 36 purchase contracts in October, against 53 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 682 sales was $424,290, down 4.7% from $445,000 in the prior 12 months.
Homes that sold in October spent a median 38 days on the market, in line with the 12-month median of 38 days.
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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.