Home Sales in Warner Robins GA 31088
OCTOBER 2017 MARKET REPORT
The home sales in Warner Robins Georgia this past month dropped again (third straight month) as buyers began their holiday preparations. Fortunately, both new listings and pending sales are up from the previous month so this market may yet rebound and end the year on a high mark. Stay with me as we explore all the statistics for this Houston County GA market.
The real estate market in Warner Robins only had 82 closings in October. That is a decrease of 13 from the previous month and the 3rd lowest total in the past year. In comparison, 74 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 buyers and investors to find homes that meet their needs in this city. 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 5 over the previous month), next month we may see a slight uptick in the number of home sales. With 297 homes available (up 8 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 October 2017 looked like!
Warner Robins Georgia Homes Sales
With only 82 homes sales in Warner Robins Georgia in October 2017 (decrease of 13 from the previous month), this market is starting to slide a bit. 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 94 sales.
The average days on market for home sales in Warner Robins Georgia this past month was decent coming in at 52 days (from listing to closing). That is 11 days better than the 12-month average of 63 days and a 1 day improvement over the same time-frame last year.
The average sales price came in at $152K+ which was $3K less than the previous month, but $6K above the 12-month average of $146K. It was an $8K drop from 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 good at 97.55% last month. The 12-month average is 97.59%. 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 Realtor® 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 (297 homes) to choose from. To review the home sales in Warner Robins Georgia in October 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $152,936
- Median Sales Price: $129,650
- Number of Monthly Sales: 82
- Number of Distressed Sales: 5
- Average Days-On-Market, Sold Homes: 52
- Average Sales Price /List Price Ratio: 97.55%
- Highest Priced Sale: $445,000
- Lowest Priced Sale: $17,500
- Highest Priced Listing: $679,999
- Lowest Priced Listing: $19,900
- 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 October 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.