Home Sales in Warner Robins GA 31088
AUGUST 2017 MARKET REPORT
After triple digit closings for 4 months in a row, the home sales in Warner Robins Georgia this past month finally cooled off a bit. What does that mean for real estate consumers? Is it a good time to buy? Are sellers seeing good returns? Should we enter the market or wait? Stay with me as we explore those questions and many more.
The real estate market in Warner Robins had 96 closings in August. That is a decrease of 18 from the previous month but still the 5th highest total in the past year. In comparison, 101 properties exchanged hands during the same time-frame last year.
However, with only 2+ months of inventory for consumers to choose from, it is becoming increasingly more difficult for real estate buyers and investors to find houses that meet their needs in this market. That is a great reason for potential sellers to get their home on the market while buyers are still actively looking for their dream home.
With 91 pending sales (up 12 over the previous month), sales should remain decent as we head into the cooler months. With 274 homes available (up 16 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 deeper dive to see what the home sales in Warner Robins Georgia in August 2017 looked like!
Warner Robins Georgia Homes Sales
With 96 homes sales in Warner Robins Georgia in August 2017 (decrease of 18 from the previous month), this market is still steady, despite the decrease in closings. Buyers continue to find home and sellers are seeing their properties make it through the closing table. The monthly average home sales is 91 sales.
The average days on market for home sales in Warner Robins Georgia this past month was solid coming in at 61 days (from listing to closing). That is 4 days better than the 12-month average of 65 days but 15 days more than the same time-frame last year.
The average sales price came in at $149K+ which was $12K more than the previous month, and $3K above the 12-month average of $144K. It was a $15K 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 98.00% last month. The 12-month average is 97.57%. 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 (274 homes) to choose from. To review the home sales in Warner Robins Georgia in August 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $149,685
- Median Sales Price: $136,450
- Number of Monthly Sales: 96
- Number of Distressed Sales: 9
- Average Days-On-Market, Sold Homes: 61
- Average Sales Price /List Price Ratio: 98.00%
- Highest Priced Sale: $387,960
- Lowest Priced Sale: $16,000
- Highest Priced Listing: $699,000
- Lowest Priced Listing: $19,000
- 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 August 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.