67.6% of ZIP 30701 home sales in October followed a price cut
The median sale price was $275,000, down 5.2% from a year earlier, and the median home sold in 44 days, the official October FMLS figures show.
By Jeff Crowe
Published · Updated
CALHOUN, Ga. Price cuts did a lot of the work in ZIP code 30701 in October. Of 34 homes sold, 67.6% had dropped their asking price at least once, well above the 12-month share of 41.1%.
The October median sale price was $275,000, down 5.2% from a year earlier.
“This is the Calhoun ZIP code, and 67.6% of October sales came after a price cut. Homes still sold at a median 98.2% of their final list price, so the cut usually came before the sale, not at the closing table.”
Sales below list made up 58.8% of the total, and the median sale came in at 98.2% of the final list price.
Homes that sold in October spent a median 44 days on the market, slower than the 12-month median of 36 days.
The longer view is steadier. In the 12 months through October, the median across 455 sales was $289,000, up 0.4% from $287,900 in the prior 12 months.
Sellers listed 57 homes in October, up 29.5% from 44 a year earlier, while buyers signed 21 contracts, down 38.2% from 34.
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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.