Home Sales in Perry Georgia in May 2017
It was a bit surprising but home sales in Perry GA in May 2017 went down again for the third month in a row. Is this market in trouble? Should buyers be alarmed? Do sellers need to worry? Stay turned for all the details in this month’s market analysis.
This market currently favors sellers (3+ months of available inventory). Like the rest of the Houston County markets, new inventory would go a long way in seeing real estate sales in this city really take off. New sellers need to ensure they market price their home and keep it reasonably maintained to entice buyers to purchase it.
No need to wait so let us take a gander at the home sales in Perry GA in May 2017 and see what the market has been up to!
Homes Sales in Perry GA
There were 28 home sales in Perry GA last month. That is 5 less than the same time-frame last year, 2 short of the previous month, and also 2 below the 12-month average. With only 35 pending sales (down 4 from the previous month), this market should be thriving as summer arrives, not stalling. Hopefully a turn around comes soon!
Currently, Perry GA has 93 homes for sale (down 8 from the previous month). This past month the average sales price came in at $144K+ (down $12K from the previous month). While buyers found some homes they liked in different price points, the majority of sales were in mid-tier price points this month. There were 3 distressed sales which affected the average sales price in this market.
The number of days on the market for homes that sold came in at 73 days. This was a big improvement over the 12-month average for this market (94 days). If your property is market priced, you should expect it to sell in Perry GA!
Although consumers have reasonable real estate opportunities in Perry GA, it is smart for potential sellers to make sure they are maintaining their home in top shape, updating where they need to, and market pricing their property to ensure they have a good opportunity to have their home seen and sold quickly in this city.
How can both buyers and sellers gain an advantage in the Perry GA Real Estate market? Employ the services of a local Perry Real Estate Agent who knows and understands the nuances of this market.
Perry Real Estate Market Summary
Currently, the Perry real estate market favors sellers with 3+ months of available inventory (93 homes) to choose from. The averages and totals for the real estate market in Perry Georgia are as follows:
- Average Sales Price: $144,801
- Median Sales Price: $153,450
- Number of Monthly Sales: 28
- Number of Distressed Sales: 3
- Average Days-On-Market, Sold Homes: 73
- Average SP/LP Ratio: 98.22%
- Highest Priced Sale: $259,000
- Lowest Priced Sale: $40,000
- Highest Priced Listing: $1,135,000
- Lowest Priced Listing: $42,500
- Largest Home on the Market: 10,128 sq ft
- Smallest Home on the Market: 1,025
If one of the homes for sale in Perry GA catches your attention, now is the right time to act, to ensure you have a realistic opportunity to purchase the property before the market is flooded with new buyers.
Find Perry GA Homes for Sale
For a complete list of available real estate in Perry GA, visit Perry GA Available Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Perry home deals!
Call me at (478) 960-8055 to determine what your Perry GA home is worth in this market or so we can discuss your home buying needs. I look forward to assisting with all your Perry GA real estate needs!
You can check out last month’s report here: Perry GA Real Estate Report for April 2017.
Review The Home Sales in Perry GA in May 2017
Statistics represent single family homes and townhouses in Perry GA (Source: CGMLS) for the referenced month. Information 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.