Home Sales in Warner Robins GA 31088 – January 2018 Market Report
No other way to say it…it was a very bad month for home sales in Warner Robins Georgia this past month. There were plenty of buyers but many found homes in other parts of Houston County more to their liking. Fortunately, pending sales have increased so this sales dip may just be an anomaly. Stay with me as I discuss what the real estate data means for this city and also to determine if both buyers and sellers have good options going forward.
The real estate market in Warner Robins had only 66 closings last month. That total is easily the lowest monthly amount of home sales in the past year. In comparison, 70 properties exchanged hands during the same time-frame last year.
However, with only 3+ months of inventory for consumers to choose from, it is becoming increasingly more difficult for real estate consumers to find homes that meet their needs in this community. That is a great reason for existing homeowners to get their home on the Warner Robins real estate market while buyers are still interested in finding their dream home.
With 69 pending sales (up 21 over the previous month), next month we should see more properties exchanging hands. With only 228 homes available (up 6 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 January 2018 looked like!
Warner Robins Georgia Homes Sales
With 66 homes sales in Warner Robins Georgia in January 2018 (down 47 from the previous month), this market has hit a temporary snag. While buyers continue to find homes, and sellers are seeing their properties make it through the closing table in a reasonable amount of time, more inventory is definitely needed to keep the momentum going forward. The monthly average home sales is 96 closings
The average days on market for home sales in Warner Robins Georgia this past month was good coming in at 64 days (from listing to closing). That is only 6 days off the 12-month average of 58 days but a 19 day improvement over the same time-frame last year.
The average sales price came in at $151K+ which was $12K more than the previous month and $3K above the 12-month average of $148K+. It was also a $17K 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 outstanding at 103.97% last month. The 12-month average is also 98.33%. 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 Warner Robins GA 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 3 months of available inventory (228 homes) to choose from. To review the home sales in Warner Robins Georgia in January 2018 as well as other closing information, check out the following statistics:
- Average Sales Price: $151,907
- Median Sales Price: $126,250
- Number of Monthly Sales: 66
- Number of Distressed Sales: 9
- Average Days-On-Market, Sold Homes: 64
- Average Sales Price /List Price Ratio: 103.97%
- Highest Priced Sale: $684,422
- Lowest Priced Sale: $9,002
- Highest Priced Listing: $679,999
- Lowest Priced Listing: $12,500
- Largest Home on the Market: 6,859 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 January 2018
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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