Home Sales in Warner Robins GA 31088
SEPTEMBER 2017 MARKET REPORT
The home sales in Warner Robins Georgia this past month stayed steady but are a far cry from the lofty totals we saw this summer. While sales are still solid, with fall finally arriving, and available inventory lower than expected, this market could be in for a long winter unless new homes start becoming available. Stay with me as we explore all the statistics for this market.
The real estate market in Warner Robins had 95 closings in September. That is a decrease of 1 from the previous month but still the 6th highest total in the past year. In comparison, only 74 houses closed during the same time-frame last year.
However, with only 3+ months of inventory for buyers and investors to pick from, it is becoming increasingly more difficult for real estate consumers to find properties that meet their needs in this city. That is a great reason for existing homeowners to get their home on the market while buyers are still interested in finding their dream home.
With only 64 pending sales (down 27 from the previous month), next month should see another drop off for closed homes. With just 289 homes available (up 15 over the previous month), both buyers and investors should act quickly when they find a property that meets their needs in Warner Robins GA.
Let’s go ahead and take a longer look to check out what the home sales in Warner Robins Georgia in September 2017 looked like!
Warner Robins Georgia Homes Sales
With 95 homes sales in Warner Robins Georgia in September 2017 (decrease of 1 from the previous month), this market is still steady. Buyers continue to find home and sellers are seeing their properties make it through the closing table in a reasonable amount of time. The monthly average home sales is 93 sales.
The average days on market for home sales in Warner Robins Georgia this past month was decent coming in at 45 days (from listing to closing). That is 18 days better than the 12-month average of 63 days and a 17 day improvement over the same time-frame last year.
The average sales price came in at $155K+ which was $6K more than the previous month, and $8K above the 12-month average of $147K. It was a $12K improvement over the same time-frame last year. Although home sales in the lower price points were more prevalent this past month, properties in all price points have a good opportunity to be seen and sold in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was decent at 97.98% last month. The 12-month average is 97.60%. When buyers and investors find a home they want, they are making decent offers giving sellers an incentive to negotiate and sell their property. What they are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Warner Robins GA Real Estate market? Employ the services of a local Top Warner Robins Real Estate Professional who understands all of the ups-and-downs and twists and turns of this market.
Warner Robins GA Real Estate Market
Currently, the Warner Robins GA real estate market favors sellers with 3 months of available inventory (289 homes) to choose from. To review the home sales in Warner Robins Georgia in September 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $155,597
- Median Sales Price: $132,000
- Number of Monthly Sales: 95
- Number of Distressed Sales: 4
- Average Days-On-Market, Sold Homes: 45
- Average Sales Price /List Price Ratio: 97.98%
- Highest Priced Sale: $414,800
- Lowest Priced Sale: $35,000
- Highest Priced Listing: $570,000
- Lowest Priced Listing: $19,900
- Largest Home on the Market: 5,874 sq ft
- Smallest Home on the Market: 672 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Warner Robins GA!
Find Warner Robins GA Homes for Sale
For a complete list of available real estate in Warner Robins GA, check out the Warner Robins GA Homes for Sale. In addition, subscribe to my real estate newsletter so you do not miss out on another Warner Robins home deal!
Call me at (478) 960-8055 to find out what your Warner Robins GA home is worth in this market or so we can discuss your housing needs. I look forward to talking with you and assisting with your real estate needs.
Check Out the Home Sales in Warner Robins GA in September 2017
Statistics represent single family homes and townhouses in Warner Robins GA (Source: CGMLS) for the referenced month. Information (as of the posting date) is deemed reliable, but not guaranteed.
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