Home Sales in Warner Robins GA 31088
JULY 2017 MARKET REPORT
Summer is in full swing, the kids are back in school, and home sales in Warner Robins Georgia continue to stay strong as we head towards autumn. In this real estate market are buyers finding what they want? How are sellers faring? What kind of market is it? Stay with me as we explore those questions and many more.
You can bet this article has excellent real estate information to give you a thorough analysis of where this market is likely headed in the near future. The real estate market in Warner Robins saw 114 closings in July. That is an increase of 9 sales over the previous month and the second highest total in the past year. In comparison, there was 110 closings during the same time-frame last year.
However, with just 2 months of available homes for buyers and investors to pick from, it is becoming increasingly more difficult for consumers to find homes that meet their needs in this market. That is a great reason for potential sellers to get their home on the market while they still have the upper hand.
With 79 pending sales (up 13 over the previous month), sales should remain brisk for the rest of the summer. the summer selling season could be in for a letdown if new homes are not available soon. With 258 homes available (up 10 over the previous month), both buyers and investors should be prompt when they see a home that meets their needs in Warner Robins GA.
Let’s go ahead and take a deeper dive to see what the home sales in Warner Robins Georgia in July 2017 looked like!
Warner Robins Georgia Homes Sales
With 114 homes sales in Warner Robins Georgia in July 2017 (increase of 9 over the previous month), this market remains decent for all consumers. Buyers continue to find home and sellers are seeing their properties make it through closing. The monthly average home sales is 92 closings but sales are typically higher during the summer as many families are moving when the kids are out of school.
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 an 11 day improvement over the same time-frame last year.
The average sales price came in at $137K+ which was $22K less than the previous month, and $7K less than the 12-month average of $144K. It was a $3K improvement over the same time-frame last year though. 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 solid at 97.43% last month. The 12-month average is 97.55%. 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 Agent 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 2 months of available inventory (258 homes) to choose from. To review the home sales in Warner Robins Georgia in July 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $137,763
- Median Sales Price: $121,400
- Number of Monthly Sales: 114
- Number of Distressed Sales: 6
- Average Days-On-Market, Sold Homes: 45
- Average Sales Price /List Price Ratio: 97.43%
- Highest Priced Sale: $421,500
- Lowest Priced Sale: $20,000
- Highest Priced Listing: $699,000
- Lowest Priced Listing: $20,000
- Largest Home on the Market: 6,892 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 May 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.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.