Home Sales in Warner Robins Georgia in January 2017
Home sales in Warner Robins GA in January 2017 took a dip this past month. With only 70 closings, it represented the second lowest total in the past year. If you are considering buying or selling a home in this city, this market analysis will help you better under the real estate market in Warner Robins so you can make an informed decision about joining this market.
Currently, this real estate market favors sellers with 4 months of available inventory for both buyers and investors to check out. With only 294 homes to choose from (up 4 over the previous month), consumers must act fast when they find a property they like in this community. Any delay could cost them an opportunity to make an offer as other buyers are also out looking at houses.
Let’s check out the details including all the latest information concerning the home sales in Warner Robins GA in January 2017.
Home Sales in Warner Robins GA
Sellers have control of this market right now but that has not stopped buyers from seeking and finding plenty of properties to call their own in this middle GA market. As is always the case, sellers need to make sure their property is show ready at all times and market priced to ensure new buyer interest is piqued.
The 70 closings this past month was not ideal for this market, but in comparison to the same time frame last year, sales are up by 17 over last January’s total. The 12-month average number of home sales in Warner Robins is 87 closings. Buyers are out in force so sellers need to keep their home show ready if they want to go from listed to sold in Warner Robins right now.
With 78 pending sales (up 35 over the previous month), this market is poised to enter the spring market with plenty of closings. This past month the average sales price came in over $134K, down from the 12-month average ($140K), but up $16K over the same time-frame last year. The sales price average could have been better had it not been for the 7 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was 83 days, which was 18 days off the 12-month average (65 days). When market priced, homes typically move at a reasonable pace in this city. The sales price to list price ratio was 96.61%, coming in slighter below the 12-month average (97.38%).
How can both buyers and sellers gain an advantage in the Warner Robins GA Real Estate market? Employ the services of a local Warner Robins Real Estate Expert who understands this local real estate market.
Warner Robins Real Estate Market Summary
Currently, the Warner Robins real estate market favors sellers (4 months of available inventory (294 homes). Below is a snapshot to help you understand all the details for the home sales in Warner Robins GA in January 2017. The averages and totals for the Warner Robins GA real estate market are as follows:
- Average Sales Price: $134,004
- Median Sales Price: $120,475
- Number of Total Monthly Sales: 70
- Number of Distressed Sales: 7
- Average Days-On-Market, Sold Homes: 83
- Average SP/LP Ratio: 96.61%
- Highest Priced Sale: $409,900
- Lowest Priced Sale: $8,000
- Highest Priced Listing: $639,900
- Lowest Priced Listing: $22,800
- Largest Home on the Market: 5,808 sq ft
- Smallest Home on the Market: 720 sq ft
If you would like to review last month’s information, check out the Warner Robins GA Real Estate Report for December 2016. With plenty of available properties to choose from, you can definitely find what you need in this market. Happy home searching!
Find Warner Robins GA Homes for Sale
For a complete list of available real estate in Warner Robins GA, check out the Available Warner Robins GA Homes. 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 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.